Due to their high volatility, Memecoins have established themselves as one of the most rewarding cryptocurrency assets. They are here to stay with their big market caps and strong communities supporting them.
This article compiles the top 5 potential memecoins for 2024. It provides an overview of these tokens, their tokenomics, and how to buy them on CoinEx.
Top 5 Potential Memecoins for 2024
1. Floki Inu (FLOKI)
Also called people’s currency, Floki is a dog-theme memecoin and the utility token of the Floki ecosystem. It is named after a Viking character and Elon Musk’s dog, Floki. PetaByte Capital, Saber, and Mr Brown Whale developed it in 2021.
Features of Floki
Even though it started as a memecoin, it has become a leading utility project. Its innovative ecosystem offers:
- A 3D NFT Metaverse
- DeFi utilities
- A crypto education platform
- NFTs
- Floki prepaid cards
- A merchandise store, and more.
Overview of Floki
Floki is a multi-chain token developed on the ERC-20 and BEP-20. Without intermediaries, such as a centralized third-party business, institution, or credit, it offers a convenient and secure payment and settlement method for participants who interact inside the Floki Ecosystem.
Normally, users are asked to pay a 0.3% tax fee when tokens are bridged between the chains. However, users who bridge tokens between the ETH and BSC chains are not required to pay this 0.3% tax.
Tokenomics
- Total supply: 9558.57 billion
- Market capitalization: $2.2 Billion
- Circulating market cap: 2.12 Billion
- 0.3% buy/sell tax on DEX
- 25% of FlokiFi Locker fees burned
- 1% of Floki prepaid card fees burned
- 4% rewards are distributed to Floki holders on the BSC and ETH blockchains
2. Bonk (BONK)
Bonk is a Solana-based memecoin. Its main goal was to restore liquidity to decentralized exchanges (DEXs) based on Solana and create a fully functional community token that could be used in any Solana-based decentralized apps (dApps).
Features of Bonk
The Bok ecosystem comprises three strong projects: BonkSwap, BonkDex, and BonkVault. Together, they make the Bonk token more practical and functional. More about them below:
- BonkSwap is a DEX platform where users can trade Bonk tokens and other cryptocurrencies.
- The BonkDex is a DeFi platform. Among its many DeFi offerings are borrowing, lending, and staking.
- BonkVault: If you own Bonk tokens or any other digital asset, you may keep them secure in this non-custodial wallet.
Overview of Bonk
Bonk stands out among cryptocurrency assets due to its novel tokenomics and intriguing marketing strategy. 66% of the total supply has been burned. This burning mechanism permanently removes a portion of the Bonk from circulation, ultimately reducing the total quantity of the Bonk over time.
This strategy is intended to encourage holding and discourage selling, which could increase the value of each remaining Bonk token over time, thanks to the potential for inflation.
Tokenomics
- Total supply: 99867.65 billion
- Total market capitalization: $3.51 billion
- 40 most active NFT projects on Solana - 21%
- Active crypto traders and DeFi users on Solana - 15.8%
- Artists and collectors of 1/1 art on Solana - 10.5%
- Developers on Solana - 5.3%
- Early contributors to the Bonk project - 21%
- Bonk decentralized autonomous organization (DAO) - 15.8%
- Liquidity distribution on decentralized exchanges (DEX) and DeFi protocols - 5.3%
- Marketing promotions, incentives, giveaways - 5.3%
3. Notcoin (NOT)
Hosted on the Ton Ecosystem, Notcoin is a tape-to-earn project on Telegram. In November 2023, Notcoin (NOT) was initially presented to the public as a closed beta on the Telegram platform.
Over five million players signed up for the game in the first week alone, a notable milestone on January 1, 2024, when the game was officially launched. The support of the Ton Foundation, which provided the project with both legitimacy and technical backing, proved to be a significant factor in the rapid expansion.
Features of Notcoin
The ease of use and straightforward gameplay are responsible for the coin's widespread popularity. Below are a few features of the Notcoin:
- A power mechanism restricts the number of clicks that can be made on Notcoin during each session. Players can expand their energy limitations and speed up recharging their energy by purchasing boosters with the Notcoins they have mined.
- It allows potential investors to interact with an animated coin while playing games and earning Notcoin to use in their investments.
- Players can increase their earning potential with boosters and energies.
- Participating in "squads," which are public Telegram groups or channels that compete on leaderboards, is another way for players to earn additional Notcoin bonuses.
Players can also earn Notcoin bonuses by asking friends to join the game. This social component fosters teamwork and introduces a competitive dimension to the game.
Overview of Notcoin
Notcoin operates on the Ton (Telegram Open Network) blockchain. The Ton blockchain is well-known for its fast transaction throughput and security features, making it an excellent option for Notcoin.
Notcoins exist as in-game assets, but they do not have any monetary value in the real world. However, plans are to introduce Notcoin as a real token on the Ton blockchain. This would allow players to trade and use Notcoins outside the game, providing them with a real monetary value.
Tokenomics
- Total supply: 102.71 billion
- Total Market Cap: $503.62 million
- Miners and vouchers: 80,219,221,714 NOT - 78%
- New users and the following phases: 22,500,000,000 NOT - 22%
4. Book of Meme (BOME)
Book of Meme (BOME) integrates memes, decentralized storage solutions, and degen shitcoin trade and gambling into a single ecosystem. Book of Memes was created to immortalize each item on the blockchain and preserve the ever-changing character of meme culture.
Features of Book of Meme
BOME is a decentralized social media platform that provides tools for producing and propagating memes.
Boom includes links to images shared by users and stored on IPFS, Arweave, or on-chain. It also establishes a meme clipart library for the community to use and share, giving users the tools to create memes from scratch.
Overview of Book of Meme
The initial release of BOME took place on March 10th, and the presale began on March 13th. The presale, announced on the website, was open to any individual who sent SOL tokens to an address specified on the Book of Meme website.
In contrast to most other token presales, the price was not predetermined. On the other hand, the token allotment was decided according to the proportion of SOL contributed by each participant. The conclusion of the presale exceeded people’s predictions, which were between 500 and 600 SOL tokens.
Tokenomics
- Total Supply: 69 billion
- Total Market Cap: $873.46M
- Community Fund - 20%
- Liquidity Pools - 30%
- Presale - 50%
5. Pepe (PEPE)
Pepe is a deflationary meme coin based on the famous Pepe the Frog meme. It was launched in 2023 on the Ethereum network and has gained popularity among crypto enthusiasts since then.
Features of Pepe
Pepe can be acquired, kept, and traded across different platforms. The goal is to appeal to the cryptocurrency community by maintaining a straightforward, uncomplicated design similar to any other meme coin.
- No tax policy.
- It is transparent about having no utility.
- The PoS consensus mechanism ensures high security.
Overview of Pepe
Pepe is an ERC-20 token. It employs a redistribution system that benefits stakeholders over the long run, keeping them invested in the project. This strategy promotes coin stability by incentivizing users to keep the token rather than sell it fast.
In addition, Pepe is equipped with a process that involves regularly burning a portion of the coins. This ensures that the coins are permanently withdrawn from circulation.
Tokenomics
- Total supply: 420690.00 billion
- Total market capitalization: $5.80 billion
- No Taxes.
- LP tokens are burnt, and contract ownership is renounced.
How to Buy These Tokens on CoinEx
CoinEx is a global cryptocurrency exchange trusted by 5+ million users worldwide and has 100% reserve. Users can now trade quickly and seamlessly with its 900+ supported tokens, including the memecoins we’ve mentioned above.
To purchase any token on CoinEx, follow the steps below.
- Sign up for an account: Create a CoinEx account first.
- Login to your account: Now fund it using deposit methods or cryptocurrencies. With funds in your account, you can quickly complete deals.
- Go to the Trading Page for the Token: Once your account is funded, proceed to the specialized token's trading page on CoinEx. Use the search box to find your preferred token.
- Choose a Trading Pair: Select the desired trading pair that matches another cryptocurrency. For instance, you may choose to trade Floki/USDT.
- Specify the Purchase Amount: Determine the quantity of the tokens you want to purchase. Input the amount in the trading interface, which will calculate the corresponding cost based on the current market price.
- Execute the Trade: Execute the trade with the specified amount. Confirm the details, and if you are satisfied, submit the order.
Conclusion
Following these comprehensive steps, you can easily trade memecoins on CoinEx using the available trading pairs. Remember, this is not financial advice. This article is just an overview of the tokens. So, do your research before investing in such coins.
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