Top 5 Rising Meme Coins Poised to Reach $1M Portfolios by 2024

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NFT Daily Dose

7 min readApr 25, 2024

In the ever-evolving landscape of cryptocurrency investments, meme coins have emerged as a captivating phenomenon. These digital assets, often characterized by their whimsical branding and community-driven nature, have captured the attention of both seasoned investors and newcomers alike. With the meteoric rise of coins like Dogecoin and Shiba Inu in recent years, investors are constantly on the lookout for the next big meme coin that could potentially turn their portfolios into million-dollar assets.

In this article, we delve into the realm of meme coins to explore the top 5 rising contenders poised to catapult portfolios to the coveted $1 million mark by the year 2024. These coins have garnered significant attention within the crypto community due to their unique features, strong communities, and promising potential for exponential growth. From innovative tokenomics to vibrant online communities, each of these meme coins offers investors a glimpse into the exciting and unpredictable world of cryptocurrency investing. Join us as we uncover the potential of these meme coin development and analyze the factors driving their ascent in the crypto market.

1. Floki Inu (FLOKI)

Floki Inu (FLOKI) is a meme cryptocurrency inspired by the character Floki, a Shiba Inu dog from the popular Viking-themed television series “Vikings.” The coin gained significant traction in 2021 amidst the hype surrounding meme coins like Dogecoin and Shiba Inu.

Key Features of Floki Inu:

Decentralized Finance (DeFi) Integration: Floki Inu aims to establish a decentralized finance (DeFi) ecosystem within its network, providing users with access to services like lending, borrowing, and yield farming.
Non-Fungible Tokens (NFTs): Floki Inu plans to incorporate non-fungible tokens (NFTs) into its ecosystem, allowing users to create, trade, and collect unique digital assets.
Metaverse Integration: Floki Inu aims to integrate with the metaverse, creating a virtual world where users can interact, play games, and engage in various activities using FLOKI tokens.

Technical Analysis

As of the latest report, Floki is currently priced at $0.00017437, showing a slight uptick of 0.38% in the past day. Over the past week, it has surged by a notable 17%, establishing itself as a formidable contender to Shiba Inu in the meme coin arena. This recent bullish reversal underscores its capacity to substantially augment investment portfolios throughout 2024.

Moving Averages: Short-term bearish, medium and long-term bullish.
Volatility: Relatively high at 7.54%.
RSI: Neutral at 41.77.
MACD: Slightly negative at -0.003862.
Stochastic K: In the bulls zone at 10.03.
ROC: Modestly negative at -29.11.
MFI: Indicates healthy market participation at 43.75.

2. Dogwifhat (WIF)

Unlike many cryptocurrencies with lofty goals and complex functionalities, Dogwifhat embraces its simplicity. Inspired by a viral internet meme featuring a Shiba Inu dog wearing a pink knitted hat, WIF launched in November 2023 and quickly captured the hearts (and wallets) of meme coin enthusiasts.

Meme Coin Identity: Dogwifhat proudly wears its meme coin status. It doesn’t boast complex DeFi applications or revolutionary blockchain technology.
Solana Blockchain: WIF operates on the Solana blockchain, known for its fast transaction speeds and scalability.
Community Driven: The Dogwifhat community plays a significant role in the coin’s growth. Their enthusiasm and online presence have contributed to its popularity.

Market Performance

Despite experiencing a minor 5% decline in the past 24 hours, Dogwifhat sustains an impressive monthly surge of over 25%. Currently priced at approximately $2.94, WIF demonstrates a resilient position in the market.

Market Capitalization: WIF boasts a market cap exceeding $2.9 billion as of April 22, 2024, surpassing established meme coins like Shiba Inu and Pepe Coin.
Price Performance: WIF experienced a staggering price increase of over 150,000% between its launch in November 2023 and March 2024.

3. CorgiAI (CORGIAI)

Like many meme coins, CorgiAI draws inspiration from the adorable Shiba Inu dog breed. Launched in 2023, it aims to leverage the power of community and brand recognition to establish itself within the cryptocurrency market.

Key Features:

CorgiSwap: CorgiAI plans to develop its own decentralized exchange (DEX) called CorgiSwap, facilitating peer-to-peer cryptocurrency trading.
NFT Marketplace: An NFT marketplace within the CorgiAI ecosystem is also on the roadmap, allowing users to create, trade, and collect unique digital assets.
Staking Rewards: CORGIAI holders may be able to stake their tokens to earn rewards in the future.
Charity Donations: The CorgiAI team emphasizes charitable giving, with plans to donate a portion of their profits to animal shelters.

Current Status

Over the past year, this token has seen a remarkable 600% surge in market value. The introduction of the Corgi Cre8r tool, enabling the generation of text-to-image NFTs, showcases the innovative advancements made by CorgiAI.

Although currently trading at $0.001819 with a slight 1% decline in the last day, CorgiAI’s considerable annual expansion highlights its viability as a compelling investment opportunity, especially within the realm of Shiba Inu-like meme coins striving for substantial portfolio gains by 2024.

Market Performance: CorgiAI has a current market capitalization of around $608 million (as of April 22, 2024).
Trading Price: The price of CORGIAI fluctuates, currently around $0.0018 USD.
Technical Analysis: While technical indicators offer mixed signals, some analysts suggest a short-term downtrend but a potential for a bullish reversal in the long run.

Overall, CorgiAI is a meme coin with the potential to evolve into a more feature-rich ecosystem. However, careful consideration of the inherent volatility and the project’s stage of development is crucial before making any investment decisions.

4. Brett (BRETT)

Brett is a meme coin built around a popular meme character named “Brett”. The project aims to leverage the meme’s virality to become a major memecoin with utility. It differentiates itself by being on the Solana blockchain, unlike other popular meme coins like Pepe (Ethereum) and Landwolf (Avalanche). It highlights a fair launch strategy with no presale and transaction taxes used for liquidity.

Brett (BRETT), inspired by a character from the “Boy’s Club” comic, has swiftly gained traction within the crypto community due to its focus on gaming. Launched on the BASE blockchain, known for its ongoing project releases, Brett aims to surpass the popularity of the well-known PEPE meme coin.

With a circulating supply of 10 billion tokens, Brett has amassed a market capitalization of $583 million. Its value has surged by 141% over the past month, with a robust Year-to-Date increase of 76%, indicating a rising investor interest in this emerging altcoin. At the time of writing, Brett is priced at $0.06787, reflecting a 5% decline in the last 24 hours.

5. Degen (DEGEN)

DEGEN began as a reward token for users in the Farcaster social network’s “Degen” channel. Though it started as a reward token, it gained traction as a meme coin. It now boasts a community of developers, crypto enthusiasts, and content creators who believe in its potential.

DEGEN aims to bridge the gap between creating content online and earning real-world value. Casters (Farcaster users) can reward others with DEGEN for high-quality content. Launched as an ERC-20 token in January 2024, it’s actively shaping the Farcaster ecosystem.

Market Performance

Currently priced at $0.033428, Degen has experienced an 8.17% decline in the last 24 hours. Despite this, with a market cap of $473 million and a ranking of 220 on CoinMarketCap, Degen’s popularity is on the rise. With a circulating supply of 14 billion tokens, DEGEN has surged by 109% in the past month, establishing itself as a strong contender in the memecoin space. Its potential to enhance investor portfolios significantly by 2024 cannot be overlooked.

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Final Thoughts

As we conclude our exploration of the top 5 rising meme coins poised to reach $1 million portfolios by 2024, it’s evident that the landscape of cryptocurrency investments continues to be both dynamic and unpredictable. The coins discussed in this article represent just a fraction of the vast array of meme coins available in the market, each with its own unique features and potential for growth. Ultimately, the journey towards building a $1 million portfolio with meme coins requires patience, diligence, and a willingness to adapt to changing market conditions. Whether these coins ultimately fulfill their potential remains to be seen, but one thing is certain: the allure of meme coins continues to captivate the imagination of investors worldwide, driving innovation and pushing the boundaries of what’s possible in the world of cryptocurrency.