The recent boom in memecoins is fueled by Bitcoin’s upward trend, which has shocked the entire crypto market. The influx of capital into the crypto industry has fueled the surge of memecoins that offer an exciting growth prospect.
In the past few years, investors have managed to reap handsome rewards from their early investments in projects like Dogecoin (DOGE), Shiba Inu (SHIB), and PEPE. That is why today, we’ll cover some projects that have 100x upside potential in 2024.
BOOK OF MEME (BOME)
BOOK OF MEME (BOME) has quickly risen to prominence in the cryptocurrency world as an innovative memecoin. Shortly after its launch on 10 March 2024, the token’s value increased by 2,000%. According to CoinGecko, the token experienced a significant trading volume of $1.83 billion just 24 hours after launch.
Because of this, Binance listed the token on its platform just 48 hours after BOME’s inception. Normally, the process of getting a token listed for trading on Binance extends over several weeks or even months. This hype around BOME has energized traders, leading to a new wallet withdrawing 12,721 $SOL (equivalent to $2.3M) from Binance and purchasing 314M $BOME at $0.0074, all within 30 minutes.
Smog (SMOG)
Smog (SMOG) stands out as a top memecoin. Following its debut on Jupiter DEX on February 7, 2024, its market capitalization rocketed from $2 million to more than $400 million and marked a 2000% price rise within a mere week.
Smog’s success is primarily because of its ‘Greatest SOL Airdrop’ initiative, which provides substantial rewards from its 1.4 billion supply, designating 490 million specifically for airdrops. Because of its cross-chain functionality, Smog has the potential for further expansion in the upcoming months.
ALGT: A DeFi Project That Can Outperform Memecoins In This Bull Run
Analysts increasingly view Algotech (ALGT) as having more upside than memecoins because of its potential for massive gains. The DeFi trading platform has emerged as a standout investment opportunity within the crypto space, especially after its successful ongoing public pre-sale that has raised over $3 Million.
Algotech is an algorithmic crypto trading platform that offers cutting-edge features like momentum trading, breakout detection, and arbitrage trading. Traders can use the platform to search for deep liquidity in the market and identify breakout investment opportunities using artificial intelligence.
In just three weeks, Algotech has sold more than 70 million ALGT tokens, attracting 8,500 unique holders and showcasing its widespread acceptance and potential for growth. With such momentum, it is predicted that Algotech might cross $1 by the end of 2024.
Learn more:
