Analysts backing 4 meme coins in 2024

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Investing in meme coins like Bonk, Meme Moguls, Honk, and Dogecoin can lead to gains. However, it’s crucial to research and choose carefully before investing your money. While some people have made a lot of money by investing in meme coins, others have not been successful. 

Bonk 

In late 2022, Bonk was airdropped to Solana holders. 

However, most ignored the token. 

Even though Bonk was considered a worthless meme coin, it made headlines with its growth. 

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Bonk remained inactive on exchanges for almost a year before soaring in H2 2023. 

If someone had invested $500 in Bonk in late 2022, they could have made a million dollars when prices peaked in December 2023.  

Meme Moguls: the premise for meme-based crypto exchange 

Meme Moguls is currently in presale. 

The exchange allows users to trade memes on a stock exchange-style platform. 

Analysts predict that Meme Moguls could rally after launch. 

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As Meme Moguls is not just a meme coin but a functioning crypto exchange, it has significant long-term potential.

Honk soars

Honk is also known as Clown Pepe, launching in March 2023. 

It initially tanked after launch before posting sharp gains in subsequent months. 

If someone had invested $14,000 in Honk in September, they would have made $1 million when prices peaked in January. 

Dogecoin

Dogecoin started as a meme and has gained popularity over time. 

Although it is unlikely to rally, it remains an interesting case study.

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DOGE is one of the most liquid coins.

 In May 2017, DOGE was trading for $0.001. Then, a $1,300 investment would be worth $1 million in May 2021. 

Conclusion:

Meme coins like Dogecoin, Bonk, and Honk have churned millionaires in the past. In stage 5 of the presale, the Meme Moguls token trades for $0.0036. 

Read more: Arbitrum and Celestia recovering, Meme Moguls up 42% in presale

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