With 2024 starting on a bullish note, traders are now looking for the next potential meme coins that might explode in the year.
With the success of meme coins like $BONK, $BITCOIN, and $PEPE exploding in 2023, traders eagerly hunt down the next potential 100x for 2024.
In particular, two projects are starting to turn heads as traders highlight them as potential options for exceptional returns during the year’s first quarter.
2023 Produced an Exceptional Meme Coin Season Even During Bearish Conditions
2023 was an excellent year for meme coins, as the market provided incredible returns.
The best part about the 2023 meme season is that most returns were generated during the bearish conditions.
The first shining meme coin was $PEPE, which produced an impressive 2,000% return during the May 2023 bearish market. During its peak, $PEPE surged as high as a $1.5 billion market cap.
Another meme coin that saw exceptional returns in the year was $BITCOIN or HarryPotterObamaSonic10Inu. $BITCOIN saw an impressive 2,600% surge through the year, allowing it to reach a $200 million market cap.
However, the most outstanding meme coin through the year was $BONK, which exploded in December 2023 to surge as much as 6,200%.
With the bullish Bitcoin momentum setting in, traders expect even higher returns in 2024 as they hunt for the next breakout meme coin stars.
What Meme Coins Are Set to Pump Next For Those Who Missed 2023’s Stars?
A handful of meme coins are appearing as potential contenders, but two in particular are really starting to turn heads.
The first is $SPONGE, a meme coin that already produced a 100x return in 2023 and is back with a V2 upgrade to produce the first 100x meme coin in 2024. Over $1.7 million has already been staked in preparation for V2 as traders flock to get positioned
The second is Meme Kombat ($MK), a stake-to-earn AI-powered blockchain gaming platform for outcome-based wagers. The project is growing in popularity after raising $5.8 million.
$SPONGE V2 Set To Provide 2024’s First 100x Return
$SPONGE is one of the standout projects primed to make the first 100x return in 2024. The project already achieved an epic 100x return during the 2023 bear market but is back for a V2 upgrade and is better than ever.
The Krabby Patty of meme coins is launching its V2 upgrade through a novel staking utility, turning away from traditional presales.
The stake-to-bridge utility is the only way to get positioned in the upgraded version, providing two avenues to get involved;
- Buy and stake Sponge V1 through the Sponge.vip website’s buy widget.
- Stake held Sponge V1 through the Sponge.vip website.
The more V1 $SPONGE that is staked, and the longer the period, the more V2 tokens are earned.
Furthermore, all V1 $SPONGE locked in the smart contract will be locked forever to facilitate the transition to V2.
The momentum is quickly building for the upgraded $SPONGE as over $1.7 million worth of $SPONGE has been staked in the smart contract.
The team intends to introduce new utilities into the ecosystem, such as a fun play-to-earn game, to help facilitate the 100x return.
Overall, the hype behind $SPONGE was intense in 2023 and is ready to be carried over in 2024 to provide the first 100x return.
Meme Kombat Brings Meme Battles to Life After Raising $5 Million.
Another meme coin lined up to explode in 2024 is Meme Kombat ($MK), a stake-to-earn meme coin with genuine utility through a battle arena to allow users to place outcome-based wagers.
The momentum is building behind this exciting utility project after it raised a staggering $5.7 million.
Meme Kombat integrates AI and blockchain to create a fu-fuelled battle arena for the most prominent meme coins.
Participants will be able to see their favorite meme coin mascots battle in the arena and wager bets on the outcomes of the battles.
The battles will be automated, with all outcomes determined on-chain to ensure fairness. Furthermore, dynamic visualization through AI will add vivid elements to the gameplay.
The ecosystem hosts an intuitive wagering system where skilled players can explore betting options to increase their winnings.
Overall, Meme Kombat seeks to bring a new era to meme coins as it seeks to become the umbrella meme coin project for all meme coins in the sector.
