The upcoming Bitcoin halving is causing excitement in the cryptocurrency world, drawing attention to meme coins such as Shiba Inu (SHIB), Dogewifhat (WIF), Pepe (PEPE), Slerf (SLERF), and The Doge NFT (DOG). Investors seeking substantial profits and even a potential 100X return by 2024 find these meme coins attractive due to their promised high returns.
1. Shiba Inu Coin (SHIB)
Shiba Inu Coin (SHIB), an Ethereum token inspired by internet memes, has gained popularity in the decentralized finance world. In the past 24 hours, SHIB’s value has risen by more than 7%. At present, one SHIB coin costs around $0.00002252, suggesting an upward price movement.
In the last twelve months, SHIB‘s worth has surged by an astounding 109%, even amidst recent market turbulence. This significant gain underscores its promise as a profitable investment, and the upcoming halving event adds to this potential by potentially increasing its value even more.
With a market value of around $13 million on CoinMarketCap, SHIB is now ranked 12th. This rise in its position may be attributed to an influx of trading activities, a noticeable increase in the burning of SHIB tokens, and growing enthusiasm for meme coins like DOGE, Floki, and BONK.
2. Dogwifhat (WIF)
In simple terms, Dogwifhat (WIF), a well-known meme token on the Solana platform, has experienced noteworthy development in the past day, as its price has risen by approximately 8%, reaching $2.90. This uptick follows a series of market adjustments that occurred last week.
Having a market value of around $2.85 billion, Dogwifhat occupies the 41st position among all cryptocurrencies. Despite a 31% drop over the last week, its impressive 1600% surge in value since its launch is worth mentioning.
In the Solana marketplace, numerous tokens are experiencing growth today. This surge places Dogwifhat among the most promising meme coins for investment prior to the upcoming halving. Potential rewards could reach an astounding 100x multiplication by the year 2024.
3. Pepe (PEPE)
Pepe (PEPE), a fresh meme coin on Ethereum, aims to match the explosive success of earlier meme coins such as Shiba Inu and Dogecoin. With its sights set high, PEPE intends to become a leading player among meme-inspired cryptocurrencies.
At present, the cost of Pepe is $0.0000054, representing a 5% rise in the last 24 hours. In spite of recent market fluctuations, its total value in the market has grown to $2.3 billion, placing it as the 46th largest cryptocurrency on CoinMarketCap. However, Pepe’s worth dipped by 28% over the past week and declined by 30% in the last month.
4. Slerf (SLERF)
The cryptocurrency Slerf (SLERF), which is based on memes and operates on the Solana network, has experienced a significant rise in popularity and worth today. Approximately 6% growth in price bumped up its market value to more than $190 million.
At present, the SLERF price stands at $0.3923, and there’s been strong purchasing activity, implying possible additional growth for SLERF. As such, investing in SLERF could be worthwhile leading up to the projected 2024 Bitcoin halving event, with forecasted substantial profits.
Large-scale investors have been increasingly active in the SLERF market, causing prices to go up recently. According to data from Lookonchain, these investors have purchased approximately 4 million SLERF coins.
5. The Doge NFT (DOG)
The DOGE NFT (DOG), representing the popular internet meme of Doge, has been broken down into smaller ownership pieces for a larger audience. This widely recognized symbol of internet culture now functions as a decentralized autonomous organization (DAO), open to all for participation. Currently, the price of one DOGE NFT unit is $0.015226, reflecting a 2.70% rise in value over the previous day.
Over the past day, DOG has increased by 3.08%. This strong performance indicates its promise as a top investment in meme coins before the expected halving event in 2024. With a market position of 2572 on CoinMarketCap and a sturdy market capitalization of $232.54 million, DOG presents significant potential for growth.
Bottom Line
Investors looking to cash in on the buzz surrounding Bitcoin’s halving event may find meme coins an intriguing option. Shiba Inu, Dogewhiz, Pepe, Slerf, and The Doge NFT are among the top contenders expected to generate substantial returns by 2024. These coins have already left their mark on pop culture while continuously expanding their financial worth.
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2024-04-15 18:13