The top 3 memecoins to watch in May 2024, a question if answered correctly, could bring potentially life-changing results.
Memecoins capture a great deal of attention through their communities, inside jokes and potential for huge returns. These digital assets sport a variety of brandings, from cartoon animals to popular culture.
With so many memecoins launched daily, which ones will do well and which are trash?
Let's explore three candidates: FishnChips (CHIPPY), Dogwifhat (WIF), and Bonk (BONK), examining their unique attributes and potential advantages.
1. FishnChips (CHIPPY)
This coin has a public developer, not a hidden one like most memecoin developers. The inception of the FishnChips Revolution was inspired by a casual meal at Nandos, where Crypto Twitter personality That Martini Guy and his business manager discussed launching a project on a new memecoin launching website called Pump.Fun. This short discussion became a reality as TMG returned to work later in the day, fired up Pump.Fun and launched the coin.
TMG was tired of anonymous memecoin developers buying up supply and dumping on their communities and decided it would be an interesting idea to start a coin and document its progress on his YouTube Channel.
Since its launch, the FishnChips Revolution has swiftly gained momentum, with $1.1m in volume and a market cap of $2.4m achieved within the first 24 hours.
$CHIPPY has captured a strong audience with 550+ holders before any publicity, YouTube videos or even so much as a Tweet. Launched on the Solana blockchain via the Pump.Fun website, the project has garnered widespread community support.
The project's goals include becoming the largest memecoin to launch from Pump.Fun and is Currently sitting rank 15.
2. Dogwifhat (WIF)
Dogwifhat burst onto the scene on 20 November 2023, quickly capturing attention with its distinct identity: a Shiba Inu wearing a knitted pink hat. This unique branding, coupled with a passionate community committed to its success, propelled dogwifhat into the spotlight.
Despite lacking any real utility, WIF has emerged as a standout performer among meme coins in 2024. Its creator sums up its essence on the project's website by stating it’s "literally just a dog wif a hat."
Remarkably, in terms of price increases, WIF has beaten the performance of more established meme coins like Shiba Inu and Pepe Coin.
To further emphasise the power of the WIF community, they swiftly generated funds in mid-March 2024 to project the dogwifhat image onto the Las Vegas Sphere, achieving their funding goal in a matter of days.
3. Bonk (BONK)
Emerging in late 2023, Bonk captured attention as a meme coin inspired by the Doge meme. The Bonk community actively contributes to its popularity through meme competitions, collaborations with artists, and bold marketing strategies, such as their drone show over Dubai in April.
With a capped token supply of 100bn, Bonk has introduced scarcity into the memecoin world, potentially influencing its price dynamics.
While initially serving as a meme coin, Bonk has evolved into more of a utility token. Their community now boasts various cryptocurrency tools, ranging from their BonkBot, a telegram trading bot on the Solana network, to PooperScooper, their wallet clean-up application.
In Conclusion
These three meme coins offer convincing opportunities for investors seeking cryptocurrency profits in 2024.
You never know what the next 1000x meme will be; maybe one of these could be the next big thing.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
