6 Best Meme Coins to Buy for 10x Gains in 2024

Meme coins experienced a solid end to the year in 2023, with Bonk leading the pack as one of the best-performing tokens in the space.

Now, as we head into 2024, an array of coins are looking to mimic (or beat) the returns that Bonk was able to achieve.

This article will analyze six top meme coins that could deliver 10x gains this year based on community hype, utility, and technical factors.

1. Sponge V2

Kicking off our list of the best meme coins to buy in 2024 is Sponge V2 (SPONGEV2).

This token burst onto the scene in May 2023, benefiting from the popularity of the iconic SpongeBob SquarePants cartoon character.

Within days, SPONGE produced an incredible 100x price surge despite entering the market at a time when most investors were bearish.

Now, the team behind SPONGE has even loftier ambitions – as evidenced by the upcoming major upgrade to Sponge V2 (SPONGEV2).

Expected to be released later this year, Sponge V2 signals a shift beyond the traditional meme coin model.

It will introduce play-to-earn gaming, allowing token holders to earn rewards through competitive gameplay.

The upgrade also includes a Stake-to-Bridge mechanism to incentivize switching to V2, with yields of 466% per year for SPONGE holders.

Notably, the announcement of V2 sparked a 60% price jump in the original SPONGE token over the past month, highlighting investor eagerness around its new release.

Those looking to get involved in the ecosystem can buy SPONGE tokens at sponge.vip and automatically stake them to receive SPONGEV2 once the token goes live.

2. Meme Kombat (MK)

The next meme coin on our list with 10x potential in 2024 is Meme Kombat (MK).

Meme Kombat seeks to inject combat-style action into the meme coin space through its virtual battling platform.

It lets users bet on fights between popular meme coin mascots like Doge and Shiba Inu, who face off in hilarious animated combat.

MK is the native betting token, with users earning rewards through winning bets and staking.

Currently, staking yields are set at 161% per year, with more than 24.4 million MK tokens pledged already.

With over $5.8 million raised through its presale, Meme Kombat has undoubtedly caught the attention of retail investors.

Upcoming plans include new seasons, characters, and game modes, ensuring the gameplay never becomes stale.

With YouTube personalities like Michael Wrubel already throwing their weight behind it, Meme Kombat has the potential to become a major player in the meme coin market.

Investors can buy MK tokens through the presale for $0.268 using ETH or USDT.

3. Snek (SNEK)

Next up is Snek (SNEK), which describes itself as the “chillest meme coin on the Cardano blockchain.”

Snek emerged in April 2023, featuring a playful snake theme that contrasted with the dog style seen with most meme coins.

The token operates in a deflationary manner, with 1% burned from each transaction, aimed at gradually increasing holder value over time.

As the top Cardano meme coin by volume, Snek now boasts top-tier exchange listings and plans to move beyond memes with real-world utility, like P2E gaming.

Currently, SNEK is trading around the $0.0016 level – and with price up over 1,000% since October 2023, there’s undoubtedly scope for 10x gains this year if all goes to plan.

4. Shiba Inu (SHIB)

Although still well below its 2021 all-time high, Shiba Inu (SHIB) shows signs of life for a potential 10x resurgence this year.

SHIB experienced a price rollercoaster in 2023, ending the year around the $0.000010 level.

Major 2023 events included the launch of the Shibarium network and the ramping up of burn initiatives to reduce supply.

Last week, SHIB dropped to third in the rankings of meme coins based on daily trading volume, behind BONK.

However, with such a vast online community and the growing usage of Shibarium, SHIB could be well-positioned for 10x growth in the next 12 months.  

5. Memecoin (MEME)

Another meme coin that could 10x this year is Memecoin (MEME), the ambitious Web3 experiment from popular meme platform 9GAG.

Launched in November 2023 as the native token of “Memeland,” Memecoin aims to create a decentralized meme economy benefiting from 9GAG’s 50+ million users.

However, like most meme coins, MEME currently has no real-world use cases outside of pure speculation.

This hasn’t stopped retail investors from buying MEME tokens – helping it reach a market cap of $61.2 million.

Moreover, MEME has previously shown itself capable of producing 100%+ returns in a matter of days, meaning it could have the potential for explosive growth if momentum picks up once more.

6. Coq Inu (COQ)

Rounding off our discussion of the best meme coins to buy for 10x gains is Coq Inu (COQ).

Hosted on the Avalanche blockchain, COQ emphasizes fair distribution with no taxes, allocations, or presale.

It has seen phenomenal growth since its launch, with its price up 321% in the past month alone.

However, COQ still lacks utility, meaning its value is based purely on speculative demand.

Regardless, Coq Inu has cemented itself as the most talked-about meme coin on Avalanche – setting the stage for potential 10x gains if a meme coin frenzy kicks off.