The fight to become the leading meme coin in this fast-growing market is intensifying, with Pepe, Shiba Inu, Dogecoin, and Memeinator all making impressive moves this year.
Memeinator is arguably the most promising in terms of gain potential since it’s only just listed; MEXC and Uniswap are its current vendors, and presale investors can claim exclusively on the Memeinator website.
Here’s how MMTR and all the others stack up against each other.
Memeinator: The newcomer poised for greatness?
The biggest challenge to Dogecoin’s ongoing dominance could be forthcoming from Memeinator. This new upstart meme coin recently sold out its ICO to the tune of $7.7 million while generating serious excitement among the meme-friendly community.
In that time, Memeinator has onboarded over 100k followers on Twitter, enchanting them with its Terminator-like branding and single-minded pursuit of eradicating weak meme coins from the market.
Indeed, with the meme coin market growing at such an impressive rate, Memeinator has hit exchanges at the perfect time, with likely months of bull market-induced runway to pump it 50x, 100x, or more.
Pepe: Can this frog meme hit new heights?
Pepe has been on the rise in 2024, confounding those who predicted this confessed zero utility meme coin would fall off a cliff after its impressive early performance 12 months ago.
Instead, Pepe has gone from strength to strength, becoming a multi-billion-dollar market cap token and exploding from around $1 billion at the start of March to around $7 billion at the end of May. Pepe’s gains over the past year are more than 1000% at press time.
Shiba Inu: Continuing to snap at Dogecoin’s heels amid huge gains
Shiba Inu quickly established itself as a worthy challenger to Dogecoin’s primacy in the meme coin market with its fun and funky Shiba Inu meme that launched in August 2020.
The SHIB token hit its 2024 peak of around $20 billion in early March. However, Shiba Inu’s valuation has fallen below $15 billion recently – miles away from its all time high market cap of around $40 billion. Yet, despite this fall, it retains its position as the second most valuable meme coin behind Dogecoin and is worth well over double its January 1st market cap of $6.3 billion.
While Shiba Inu token holders haven’t enjoyed the same kind of returns in 2024 as Pepe investors, the near 200% gains over the past year still represents excellent value for long-term holders. This early performance could be just the beginning, with the best of the bull market yet to come.
Dogecoin: Original meme coin still tops the charts
Meanwhile, the original meme coin, Dogecoin, which has gained significant backing from big tech names such as Elon Musk, has cemented its place at the top of this year’s meme coin rankings.
With over 100% gains on last year, pushing the coin up to around $0.15 at the time of writing, a little way off its YTD high of $0.2201, 2024 has seen long-term believers in Dogecoin’s project handsomely rewarded.
This bullish performance saw Dogecoin’s market cap soar past $31 billion, its best valuation since November 2021.
Which is the best meme coin investment for 2024?
Although Pepe, Shiba Inu, and Dogecoin have plenty to offer existing investors, those looking for more are flocking to Memeinator. With the advantage of recently launching itself into a fast-growing marketplace, Memeinator has endless potential this year and beyond to go parabolic, and is bursting with utility and value that other coins cannot match.
The other three, more established meme coins, have grown impressively, but given their already sizeable market caps, the chance to make parabolic gains with them has likely been and gone.
With Memeinator, however, given its low cap status, there’s still plenty of room for it to grow. Buying now could be like buying Pepe in 2023. And with the expectation that 2024’s bull market will push it forward along with the incredible growth of the meme coin sector, MMTR could not only deliver incredible returns into the wallets of early-stage investors but put the industry’s big names under enormous pressure this year.
Invest in Memeinator for the best gains this year
With a well-planned roadmap that is on course to deliver its game and its much-anticipated NFT collection in Q2 2024, as well as ongoing AMAs with project heads, now is the ideal time to get on board with Memeinator and enjoy the ride to potential 100x returns. Click below to invest in what’s looking like the next $1 billion-plus meme coin sensation.
