3 memecoins that could explode again soon

Among the well-known altcoins, memecoins are by far the riskiest and most speculative cryptocurrencies. With the bull market in full swing, price explosions among fun currencies could only be a matter of time. We want to introduce 3 memecoins that could explode in this bull run.

What are memecoins?

Memecoins are fun currencies that benefit from the hype surrounding cryptocurrencies and the blockchain . They are characterized by the fact that they are parodies of other cryptocurrencies and usually have no clear use or function.

These characteristics make memecoins the ultimate speculative assets that can see extremely sharp price rises and falls within a short period of time. While memecoin prices imploded in 2022 and 2023, they could explode again in this bullish phase.

Which memecoins could explode in 2024?

In this article, we want to present the 3 memecoins that are most likely to see strong price explosions in this bull market.

1. dogecoin

Dogecoin is the original memecoin and started out as a pure parody of Bitcoin. Like Bitcoin, it uses the proof-of-work consensus mechanism and copied some of Bitcoin's features. The developers then put a well-known dog meme on the coin and the popularity of memecoin has exploded in recent years. As the established memecoin from the last 7 years of its existence, there is a high probability that the price of Dogecoin could explode again in 2024.

2. shiba inu

While the Dogecoin was the parody of the Bitcoin, the Shiba Inu parodies the Dogecoin. The developers marketed the SHIB as the "Dogecoin killer". The strategy worked and the Shiba Inu price exploded in the 2021 bull market. SHIB uses the proof-of-stake consensus mechanism, which enables faster transactions and decentralized applications. Nevertheless, Shiba Inu remains one of the most speculative memecoins and could explode in price, but also implode quickly.

3 Pepe Coin

Pepe Coin is the latest memecoin star. The coin with the symbol "Pepe, the Frog" was launched in 2023. This well-known and controversial internet meme caused the memecoin to spread widely on social media platforms. The PEPE coin could theoretically be the new memecoin sensation in the 2024 / 2025 bull market, even if the risk still seems extremely high at present.