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Top Meme Coins to Put on Your Watch List in H2, 2024
The post Top Meme Coins to Put on Your Watch List in H2, 2024 appeared on BitcoinEthereumNews.com. The meme coin sector made great strides in the first half of 2024, with numerous tokens reaching all-time high prices and thus capturing investors’ attention. In the following lines we will outline the top memes that have a chance to continue the impressive performance in the remaining months of 2024. Shiba Inu (SHIB) The second-largest meme coin in terms of total market capitalization experienced a huge bull run in March, recording a triple price digit in a matter of weeks. Its resurgence benefited numerous holders, and one point, over 63% of those with exposure to the asset were sitting on paper profits. However, the jolly was short-lived with SHIB heading south in the following months. Its valuation is down over 25% in the past 30 days as almost 50% of its investors are currently underwater. Meanwhile, various factors may put the self-proclaimed Dogecoin killer pack on the green path. One example is the potential advancement of the layer-2 blockchain solution – Shibarium. The protocol officially went live in August last year, aimed at improving speed, enhancing scalability, and lowering transactions costs. For more updates on the ecosystem, make sure to check out our Shibarium news section. Shiba Inu’s burn rate might also play a role. The possible spike of the metric would leave fewer assets in circulation, which could result in a rising price (assuming demand remains the same or goes up). Earlier this month, the burn rate skyrocketed by 800%, coinciding with the brief price revival of SHIB. Dogecoin (DOGE) The biggest meme coin, DOGE, with a market cap of over $15 billion and one of the top 10 largest cryptocurrencies, also rallied substantially in the first half of 2024. In March, it was worth approximately $0.22 (per Coingecko’s data). Similar to SHIB, though, its price started declining in the next few…
The post Top Meme Coins to Put on Your Watch List in H2, 2024 appeared on BitcoinEthereumNews.com.
The meme coin sector made great strides in the first half of 2024, with numerous tokens reaching all-time high prices and thus capturing investors’ attention. In the following lines we will outline the top memes that have a chance to continue the impressive performance in the remaining months of 2024. Shiba Inu (SHIB) The second-largest meme coin in terms of total market capitalization experienced a huge bull run in March, recording a triple price digit in a matter of weeks. Its resurgence benefited numerous holders, and one point, over 63% of those with exposure to the asset were sitting on paper profits. However, the jolly was short-lived with SHIB heading south in the following months. Its valuation is down over 25% in the past 30 days as almost 50% of its investors are currently underwater. Meanwhile, various factors may put the self-proclaimed Dogecoin killer pack on the green path. One example is the potential advancement of the layer-2 blockchain solution – Shibarium. The protocol officially went live in August last year, aimed at improving speed, enhancing scalability, and lowering transactions costs. For more updates on the ecosystem, make sure to check out our Shibarium news section. Shiba Inu’s burn rate might also play a role. The possible spike of the metric would leave fewer assets in circulation, which could result in a rising price (assuming demand remains the same or goes up). Earlier this month, the burn rate skyrocketed by 800%, coinciding with the brief price revival of SHIB. Dogecoin (DOGE) The biggest meme coin, DOGE, with a market cap of over $15 billion and one of the top 10 largest cryptocurrencies, also rallied substantially in the first half of 2024. In March, it was worth approximately $0.22 (per Coingecko’s data). Similar to SHIB, though, its price started declining in the next few…
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