Despite the spotlight on major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) in recent times, the developments in the crypto markets, as well as regulations and technology, may justify this interest.
Expectations for Meme Tokens
Investors becoming more optimistic and the crypto market gathering more interest could increase the relevance and prices of meme tokens. In terms of recent performance, Dogecoin mostly experienced a decline in 2024. However, the latest trend was volatile but positive, with the meme token up 8.72% in the last 30 days and 6.76% in the past 90 days. In the last 24 hours, the price of DOGE increased by 0.05% to $0.09.
Pepecoin (PEPE) took the crypto community by storm when it was launched in the spring of 2023, leading to the creation of several millionaires. Reportedly, one individual managed to turn just $26 into over a dollar. Although PEPE’s initial surge was as intriguing as it was short-lived, it retained its significance for meme token enthusiasts, which could mean that the token has a chance to benefit significantly from the expected crypto bull market in 2024.
Increasing Interest in BONK
Additionally, Pepecoin gained significant interest in 2024 due to the expansion of its audience following Robinhood’s launch for its customers in the EU at the beginning of February. The meme token Bonk (BONK), based on the Solana blockchain, could be another cryptocurrency that experts believe is likely to see a significant increase this year.
The popular meme token captured the interest of crypto enthusiasts following the discovery that Solana’s Saga phone included approximately $10 worth of it. This increased BONK’s price, which is still 11,383.35% above its launch price and helped with the sale of Saga smartphones.
