Dog, Frog, Seal Or Sloth Coins – Which Low Cap Meme Coin Can Hit $1 In 2024?
Meme coins are set for a renaissance in the coming months. While their novelty premise has detractors dismissing them as flash-in-the-pan phenomena, several meme coin projects have proven their worth over the years and become the closest thing the notoriously volatile crypto industry has to “safe money”.
The number one contender right now is stalwart daddy Dogecoin. $DOGE is a cryptocurrency that claims to be both the first meme coin and the first canine coin.
Launched in 2013, Dogecoin creators Billy Markus and Jackson Palmer initially created it to satirize the minting frenzy. For the two nocoiners, it was a cynical overture, but they didn’t bet on crypto fans loving it.
People saw it as a symbol of crypto’s fun and irreverence as well as its viral appeal and supported it loyally for over a decade to help it become the ninth biggest cryptocurrency with a market capitalization of nearly $20 billion dollars. It also has endorsements from a diverse array of celebrities, including Elon Musk, Snoop Dogg, Gene Simmons and Mark Cuban.
But the big question is this: can Dogecoin go from a current price of $0.1317 all the way up to $1? The most straightforward answer is “not anytime soon.”
It’s also looking like the reign of the dog coins is over. Several new species have entered the market with viral appeal. This list will examine the four biggest species of meme coin right now to see which projects have what it takes to hit $1 in 2024.
DOGE has come close. Two years ago at the height of the Bitcoin bull run, Dogecoin set an all-time high of $0.7316. However, there’s grounds to think that this was substantially overpriced by the market. Since then, Dogecoin has shed a lot of value, while Bitcoin has this year set new all-time highs.
