Memecoins mostly started as viral jokes, but some became movers in the cryptocurrency market in a matter of time. Most trending Memecoins are mainly inspired by the meme culture and have largely thrived on technological advances, and community support has played a role in reshaping finance. With a collective market capitalization of over $65 billion, investing in Memecoins has gone beyond jokes and now commands a notable presence in the crypto space; this article lists the best Memecoins June-July 2024.
Related: TOP Cryptocurrencies of June 2024
The Transformation of Memecoins
The great transformation from merely online gags to having crypto sphere giants like BlackRock invest in them says volumes about the evolution of these digital assets. From Dogecoin (DOGE) in 2013 to the latest entrant, Dogwifhat, Memecoins are becoming the new popular altcoins for anyone who needs to crypto-cross the road to the other side of finance. The following are among the best Memecoin June-July 2024 has to offer:
Shiba Inu (SHIB)
Dubbed the “Dogecoin Killer,” Shiba Inu is a popular coin launched in August 2020 and gained popularity thanks to its catchy name. Shiba Inu (SHIB) analysis suggests that just like Dogecoin (DOGE), SHIB has built a loyal and active community supporting the coin.
Through its ShibaSwap ecosystem, the team behind Shiba Inu runs a decentralized exchange and several other projects that greatly enhance its utility. The team runs a burn mechanism where the total supply of SHIB tokens is reduced periodically, potentially increasing the token’s value.
The presence of a strong supportive community and ongoing development that contribute to its continual usage and value make Shiba INU a solid choice for anyone interested in investing in Memecoins. The current SHIB to USD price stands at $0.00002166 with most technical indicators showing a Bearish Bullish 41% market sentiment with a potential to gain over 217% to sell at a minimum of $0.0000178 and a maximum of $0.0000731by July 2024.
Pepe (PEPE)
Pepe (PEPE) the frog was launched on the Ethereum blockchain in April 2023 based on an online cartoon going by the same name. The creators wanted to break the monotony of the series of dog-themed Memecoins like DOGE and SHIB, which they borrowed from former US President Trump’s rallying call, “Make Memecoins great again.”
Looking at the Pepe (PEPE) performance immediately following its launch, it came with a loud bang. The token hit a new historical high and attracted immense attention to itself in the process, bringing back enthusiasm to the Memecoins category following the 2022 Bear Market.
Pepe remains among the trending Memecoins, with an impressive valuation of over $3.1 billion. While the frenzy surrounding PEPE last May could have dwindled somewhat, the token still maintains a comfortable lead as the third-largest Memecoin according to market capitalization.
The price update for PEPE on the CoinMarketCap is marked as $ 0.00001247, having gained at least 43% over the last 30 days. Since the token has shown an upward trend and increased 17.72% in the previous seven days, it is predicted to reach a low of $0.00000369 and a high of $0.0000430 by July.
Dogecoin (DOGE)
A general Dogecoin (DOGE) overview shows you the results of “taking a joke too far,” literally, because the now significant player in the world of crypto started in 2013 as a joke, as a parody of Bitcoin (BTC). While it may have had a humorous beginning, the Shiba Inu dog-themed token gained a massive following, including from high-profile individuals like serial entrepreneur Elon Musk.
There are several reasons DOGE joins the list of best Memecoins June-July. One, it has a large, enthusiastic community has made it remain relevant and maintain its value. Secondly, numerous businesses have started accepting it as a form of payment, leading to mainstream adoption and making it viable for people interested in investing in Memecoins.
The regular mentions of Dogecoin (DOGE) in social media and mainstream media outlets have kept it in the public eye and driven its popularity to unimaginable levels. As a result, the future of DOGE looks promising and should be considered a great investment option since it has shown all the signs of a coin with staying power.
Dogecoin (DOGE) is currently trading at $0.144424, and the price is predicted to experience a 20% rally in the short term. After gaining 47% over the last 30 days, the token’s price might reach a maximum of $0.154 during July.
Bone ShibaSwap (BONE)
Governance token Bone ShibaSwap (BONE) occupies a distinctive space within the trending Memecoins list, especially within the Shiba Inu ecosystem. The token serves as a governance token within the ShibaSwap decentralized exchange (DEX), which gives BONE holders the right to determine the future of ShibaSwap.
BONE holders can also earn rewards by staking their tokens within the ShibaSwap platform; the rewards can be either more BONE tokens or other tokens within the Shiba Inu ecosystem. A general Bone ShibaSwap (BONE) review shows a token with great potential since, besides providing liquidity within the ecosystem, it can also be used to exchange with other tokens and trading.
As the developers continually explore more ways to integrate the BONE token within the Shiba Inu ecosystem, this could increase its usefulness and utility. Since the value of BONE largely depends on the success of the ShibaSwap DEX, there’s great potential for those who believe in the long-term viability of the Shiba Inu ecosystem. Bone ShibaSwap (BONE) trades at $0.5518 with a 24-hour trading volume of $6,053,963.35. The price of BONE is predicted to surge by 227.90% and reach $ 1.8018 by July 2024.
Sealana (SEAL)
Sealana (SEAL) crypto is among the latest entrants in the world of trending Memecoins. The token, which reportedly raised over $4 million during its presale phase, captured the attention of many investors, thereby positioning itself among notable tokens within the crypto space. The token’s creators used a somewhat playful approach in its design, featuring a chubby seal mascot that must have resonated with a broad audience, leading to its popularity.
Prospective investors can purchase SEAL through various payment methods, including bank cards, fiat currency, USDT, USDC, ETH and SOL. The fear of Missing out (FOMO) surrounding the Sealana (SEAL) crypto due to the nearness of imminent closure has increased the token’s popularity and number of buyers, making it a good bargain for potential investors. $SEAL is currently priced at $0.001031 and its long-term predictions shows potential to $0.015 towards the end of 2024.
Brett ($BRETT)
Brett ($BRETT) is another new entrant into the emerging Memecoin space. Trending Brett ($BRETT) insights show that the Memecoin that is built on the Base blockchain may only be three months old, but it already has garnered a market cap of over $1.7 billion, which places it among the best gainers within the top 100 cryptos in the market.
Since its launch last February, BRETT has been the leading Memecoin within the Base network in terms of market cap. This has given the token the moniker “PEPE’s best friend on BASE.” BRETT demonstrates a notable uptrend precisely because of the absence of a minting function, meaning its future is in the hands of the community.
As a result, the creators cannot manipulate its contract or generate additional tokens arbitrarily, placing it among a list of trending Memecoins whose governance is stable. The price may have dropped 24% after hitting an all-time high of $0.1933 on June 9, 2024. However, technical indicators show it has the potential to surge over 200% and reach at least $ 0.475161 in July, making this an excellent time to buy BRETT.
As the market continues to grow and gain traction, you can expect the top contenders of the best Memecoins June-July list to dominate headlines and continually dominate the attention of crypto investors.
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