Top Meme Coins to Keep an Eye on in June 2024

Introduction

A memecoin, as the name suggests, is a coin built on the back of a meme and a running joke. While the idea behind these crypto projects might have been a joke, at the same time – the current status of these coins is no joke. Memecoins tend to have some of the strongest community backing out of the entire crypto industry. In most cases, these are crypto projects that are run primarily by the community’s decisions, more than most other projects in the crypto world.

This is one of the reasons top memecoins in 2024 have gained in popularity, thanks to the greater perceived decentralization of the token. While the decentralization of these coins is debatable, the fact that they have huge community support and participation is undeniable. Thus, in this article, we will look at some of the top memecoins in 2024 by market capitalization.

Top Memecoins by Market Cap [2024]

Dogecoin (DOGE)

First on the list of top memecoins in 2024 is Dogecoin is the OG of all memecoins in the crypto market. Created by Jackson Palmer, a product manager at Adobe Inc., and Billy Marcus, a software developer at IBM – created this crypto token, pretty much as a joke, which is further exemplified by the logo of a dog, specifically a Japanese Shiba Inu breed of dog as its mascot. That’s how the project got the name, Dogecoin – and from there its history. It is now the largest memecoin and the eighth largest crypto asset by market capitalization, close to $11.5 billion as of writing this article.

Dogecoin is a true peer-to-peer, open-source crypto asset. It was launched back in December 2013 and its underlying code and technology derived inspiration from Litecoin, another crypto asset. Dogecoin saw a massive rally back in the bull run of 2017 amid the ICO boom – but soon after, during the crash of 2018, DOGE lost most of its value. However, despite its image as a joke and having lost a chunk of its value, Dogecoin still has a very strong community, led primarily by none other than the Chief Twit, Elon Musk. Musk has been a proponent of Dogecoin thanks to its utility as a blockchain-based payment mechanism and extremely low fee structure, making it very useful in that space.

Current Price	$0.158
Market Cap	$22.84 billion
Circulating Supply	144.56 billion DOGE
Max Supply	NA
Vol (24H)	$903 million
Change (YTD)	+76.6%
Founder	Billy Markus and Jackson Palmer

• Amid the ongoing sideways trend in the crypto markets, Dogecoin price has been hit hard, experiencing a substantial decline of over 42% throughout April. May saw a slight recovery and things are looking decent now.
• Currently, Dogecoin price is trading at the 50-day Exponential Moving Average (EMA) and is finding support at the 200-day EMA. A prolonged continuation of this trend may lead to a bearish death cross formation, exacerbating the bearish sentiment for the leading meme coin.
• Dogecoin price is currently relying on support from the 200-day EMA, coinciding with the S1 Fibonacci pivot point. If the price breaks below this level, it could face additional selling pressure, potentially dropping to the $0.1 mark, which offers psychological support.
• To reverse the current trend, Dogecoin price must surpass the R1 Fibonacci pivot for June at $0.172, followed by the psychological barrier at $0.2, aligned with the R3 Fibonacci pivot level, signaling a resurgence in buying interest for the memecoin.
• Achieving the $0.2 milestone early in June may pave the way for new price targets, with potential upward movement reaching up to $0.3 by the end of June 2024.

Read more: Dogecoin Price Prediction

Shiba Inu (SHIB)

Shiba Inu is next on the list of top memecoins in 2024 by market cap. After Dogecoin, this is probably the industry’s most recognized meme-inspired crypto asset. From a technical point of view, while Dogecoin is a standalone blockchain, Shiba Inu is an Ethereum-based altcoin, which also happens to feature a Shiba Inu as its mascot.

Shiba Inu is widely regarded within its community as a “Dogecoin killer”, and was built by an anonymous individual or group known as Ryoshi as recently as August 2020. Despite its recent launch into the crypto market, Shiba Inu is the second largest memecoin and the 14th largest crypto asset by market cap, standing at about $6.5 billion as of writing.

Shiba Inu has had a tough year in 2022 but has recovered moderately since the beginning of 2023, in a crypto market rally led by the heavyweights like Bitcoin and Ethereum. Shiba Inu’s community, however, has been strong as ever and it has continuously been engaged in support of the token, thanks to which the ecosystem is beginning to see newer and newer projects being built on it. Shiba Inu has its own metaverse, where players can interact in a decentralized way, earn rewards and enjoy.

Current Price	$0.0000238
Market Cap	$14 billion
Circulating Supply	589.27 trillion SHIB
Max Supply	NA
Vol (24H)	$664 million
Change (YTD)	+130.6%
Founder	Ryoshi (anonymous)

• After a lackluster performance in 2023, Shiba Inu price has surged significantly since late February 2024, experiencing an impressive spike of nearly 300% at its peak in March.
• In a major move, SHIB price soared from below $0.00001 to nearly $0.00004 in March before undergoing a minor correction and is currently trading below $0.00003 at the time of writing.
• Shiba Inu price has entered uncharted territory over the past two years but has recently broken below the descending triangle pattern, posing potential short-term challenges. To resume its upward trajectory, Shiba Inu price must surpass the psychological resistance level at $0.00003, which is just above the R2 Fibonacci pivot for June 2024.
• Currently, SHIB price is approximately 300% away its previous all-time high of around $0.000089. Psychological barriers between these levels could act as resistance, while the range from $0.000019 to $0.00002 may offer support, roughly coinciding with the S1 Fibonacci level for June 2024.

Read more: Shiba INU Price Prediction

Pepe (PEPE)

One of the most recent entrants into the list of top memecoins in 2024 is the Ethereum-based memecoin PEPE has to be one of the fastest-growing crypto assets since its launch. Despite the market humdrum, PEPE has delivered mind-boggling numbers in terms of growth in the token. PEPE is based on the very popular internet meme of a green cartoon frog, which has become a symbol of internet culture and humor. It was launched with the promise that the time of the dog-based memecoins was over and the frog was about to take over.

According to their official website, the PEPE memecoin has been designed to be the “most memorable memecoin in existence.” The website also mentions that by design, PEPE has no intrinsic value:

“PEPE is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap. The coin is completely useless and for entertainment purposes only.”

It’s worth noting that this is nothing new in the world of crypto. Multiple memecoins have existed in the past, making no claims and outright alarming users that they have no value whatsoever. In the very brief time it has been trading in the market, it has shown a very rapid rally of over 400% since its launch, has managed to maintain that level, and is currently ranked 111 on CoinGecko. It had even managed to breach into the top 100 for a brief while before retreating back.

Current Price	$0.000014
Market Cap	$5.98 billion
Circulating Supply	420.69 trillion PEPE
Max Supply	420.69 trillion PEPE
Vol (24H)	$1.3 billion
Change (YTD)	+1007%
Founder	Unknown

• Amid the ongoing surge in memecoin market activity, driven by established players like Dogecoin and Shiba Inu, newcomer Pepe has emerged as a significant contender, experiencing a massive price increase and making its mark in the competitive arena.
• Pepe price has skyrocketed from below $0.000007 to approximately $0.000014 at the time of writing, doubling in value. It has sustained above the $0.00001 level for quite some time and is well-positioned to continue its rally.
• Pepe coin price surged even higher, briefly surpassing the crucial threshold of $0.000017 before experiencing a minor correction and settling just above $0.000014.
• Currently, Pepe price trajectory ventures into uncharted territory, presenting a dynamic landscape with milestones like the coveted $0.00002 mark emerging as potential targets for PEPE price by the end of June 2024, indicating the possibility of further upward movement and market expansion.
• Conversely, in the event of a market downturn or correction, Pepe price is expected to find potential support levels around $0.0000128, aligning with the base Fibonacci level designated for June, serving as a pivotal reference point for investors and analysts in evaluating price dynamics and market sentiment.

Dogwifhat (WIF)

Up next on the list of top memecoins in 2024 is Dogwifhat (WIF) has emerged as a significant player in the memecoin market, positioning itself as a top contender among the meme coin heavyweights. In 2024, WIF has swiftly climbed the ranks to become the third-largest meme coin by market capitalization, surpassing Pepe. This Solana-based meme coin made a remarkable debut in 2023, experiencing a substantial surge from a low of $0.2 to a high of $2.09, showcasing an impressive growth trajectory.

The success of Dogwifhat can be attributed to its strong community support, strategic listing on major exchanges like Binance, and the robust Solana ecosystem it operates within. Analysts have noted that the significant surge in WIF’s price is not merely a result of hype but also due to sustained interest from whales and the overall strength of the Solana network. With projections indicating a potential price target of $5 by the end of 2024, Dogwifhat stands out as a meme coin project to watch closely for further developments and price movements.

Current Price	$3.24
Market Cap	$3.2 billion
Circulating Supply	998,905,938 WIF
Max Supply	NA
Vol (24H)	$731 million
Change (YTD)	+2024%
Founder	Unknown

• WIF price has been fluctuating within an expanding range, reflecting mixed sentiments influenced by trading volume and market outlook. Currently, market sentiment leans toward strong optimism as the price maintains stability near its recent peak.
• Despite the current stability, consolidation is possible, allowing for price stabilization before potentially resuming upward trajectory is Dogwifhat price.
• This period of stability may pave the way for renewed upward movement, with potential for WIF price to revisit its peak at $4.8 and even surpass the significant psychological resistance at $5.
• To establish bullish momentum, WIF price needs to successfully break out of the R1 Fibonacci pivot level around $3.9 for June 2024 at the psychological level of $4 on an immediate basis.
• On the downside, the S1 Fibonacci pivot level at $2.5 would serve as a strong support level, as it has been a region of support before and also represents a psychological demand zone.

Floki Inu (FLOKI)

Well, as it turns out – almost every major meme crypto has some link back to either Dogecoin or the Dogefather, Elon Musk. This time around the next member in the list of top memecoins in 2024 is Floki Inu that was named after Elon Musk’s very own Shiba Inu puppy, and its popularity as a crypto project has skyrocketed. While, it is built on the idea of a joke and a meme, it attempts to wholly own that meme status to bring out utility in various forms to stand out from the thousands of other memecoins flooding the market.

Floki is a crypto project that was initially started as a meme but was soon fully transitioned into a living breathing Web3 project, spanning across sectors like decentralized finance (DeFi), non-fungible tokens (NFTs), and more recently, its own metaverse. Some from the community even like to call Floki, “The People’s Crypto”.

FLOKI, the native crypto token associated with this project is a multi-chain token that operates both on Ethereum and BNB Chain as it is built to be both ERC-20 and BEP-20 compliant. Thus, FLOKI tokens can be bridged between these two chains very easily allowing holders to be able to do more with their tokens, bringing about an extra level of interoperability. It’s metaverse, Valhalla has been gaining a lot of momentum recently, too!

Current Price	$0.00026
Market Cap	$2.5 billion
Circulating Supply	9.55 trillion FLOKI
Max Supply	NA
Vol (24H)	$825 million
Change (YTD)	+648.9%
Founder	B PetaByte Capital, Sabre and Mr Brown Whale (Anonymous)

• The beginning of 2024 marked an exceptional surge in FLOKI price, boasting an astounding 730% increase at its peak since the start of the year, and it is currently up by nearly 650%.
• In March, FLOKI price experienced an impressive 460% surge at its peak, surpassing the significant $0.0003 threshold, which was previously seen as a psychological barrier. It breached the same level again recently towards the end of May 2024 and is currently trading just shy of the $0.0003 level.
• Currently, FLOKI price is trading just below the R1 Fibonacci pivot level for June 2024 at the psychological level at $0.0003 and a breakout above this would put Floki Inu price into uncharted territory.
• A breakout above the R1 level, positioned at the psychological threshold of $0.0003, could set new targets at $0.00034 and eventually $0.0004 for Floki Inu price.
• Conversely, in the event of a downturn, the Fibonacci pivot S1 level at $0.00018 could serve as a support region for Floki Inu price.

Read more: Top Ethereum ERC-20 Tokens

Bonk (BONK)

Bonk (BONK) has swiftly emerged as a noteworthy token in the list of top memecoins in 2024. Characterized by its vibrant community and unique approach, Bonk has garnered attention due to its distinctive meme-inspired branding and active social presence. With its unmistakable logo and engaging community-driven initiatives, Bonk has cultivated a dedicated following.

The coin’s rising market cap positions it among the top memecoins in 2024 by market capitalization, showcasing its growing popularity among crypto enthusiasts. Backed by an active community, Bonk fosters engagement through memes, playful narratives, and social media interactions, contributing to its allure as a notable memecoin.

Investors and enthusiasts looking for the next big memecoin often consider Bonk due to its vibrant community engagement, growing market cap, and the potential for further expansion in 2024 and beyond. As the memecoin landscape evolves, Bonk remains on the radar as an intriguing player in this niche market segment.

Current Price	$0.00003179
Market Cap	$2.15 billion
Circulating Supply	67.7 trillion BONK
Max Supply	100 trillion BONK
Vol (24H)	$379 million
Change (YTD)	+138.3%
Founder	Dexlab, Founders anonymous

• Over the past year, Bonk price has shown strong performance, particularly gaining momentum since October 2023. As 2024 unfolds amid a broader memecoin rally, BONK price trajectory remains upward.
• BONK price has surged nearly 140% year-to-date (YTD), with an impressive rally of over 46% in the past 60 days.
• Currently, BONK price is trading slightly below the base pivot level in the Fibonacci pivot points, and a breakout above this would give potential targets of $0.000042 and eventually $0.000047. This represents an approximately 51% increase from current levels, provided it sustains above the bearish descending triangle pattern.
• Conversely, in the event of a downturn, the $0.000024 region is poised to serve as a supportive zone for BONK price, roughly aligning with the S1 level indicated by the Fibonacci pivot points.

Book of Meme (BOME)

Last but not least on the list of the top memecoins in 2024 is Book of Meme (BOME), an innovative project aiming to revolutionize web3 culture by integrating memes, decentralized storage solutions, and memecoin trading and gambling. This endeavor seeks to capture the essence of dynamic meme culture within a digital compendium, ensuring each piece’s immortality on the blockchain. BOME, operating on Solana, alongside Arweave and IPFS as primary storage solutions, seeks to pioneer decentralized social media and enable unstoppable memes.

BOOK OF MEME (BOME) has recently emerged as a groundbreaking memecoin in the crypto market, witnessing a remarkable 3,000% surge in value within days of its launch on March 22, 2024.

Developed by Darkfarms, renowned for Pepe memes, BOME aims to establish a permanent storage library solution for memecoins. Utilizing Arweave, InterPlanetary File System (IPFS), and inscriptions for data storage, the project also acts as a social platform for cross-chain storage.

Current Price	$0.0129
Market Cap	$892.3 million
Circulating Supply	68.96 billion BOME
Max Supply	NA
Vol (24H)	$347 million
Change (YTD)	+940%
Founder	Darkfarms

• Among the recent additions to the top Solana tokens in 2024, Book of Meme saw a substantial surge post-launch, exceeding 3000%. However, it has since corrected and is now on a downward trend.
• BOME price is currently trading above its 50-day EMA, indicating some bullish sentiment in the short term for this Solana memecoin.
• Additionally, BOME price action over the past few weeks has been largely sideways, suggesting an impending breakout for this altcoin. If BOME price sustains above the 50-day EMAs then we can see targets of $0.015, $0.017 and eventually even $0.02 before the end of June 2024.
• Conversely, the base Fibonacci level at $0.0124 could serve as a support region for this memecoin in the foreseeable future.

Read more: Top Crypto Airdrops

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Conclusion

To conclude, this article compiles a list of some of the most well-known and well regarding projects in the crypto industry that belong to the very exciting world of memecoins and community fervor. While there is a lot of skepticism around these projects in the market, as mentioned earlier – the amount of community support these kinds of projects get is simply unparalleled.