Coin meme: the Bull Market 2024 crypto revolution?

Meme coins, cryptos inspired by Internet memes, have gained in popularity and value over the past few years.
Often born as jokes, some of these coins have surprised investors with theirimpressive performances (notably Brett in recent months).

In the midst of bull market 2024, interest in these cryptos continues to grow, and they are performing exceptionally well.

In this article, we’ll explore what meme corners are, why they’re so captivating to investors, and highlight four that could well see remarkable growth in 2024/2025.

Find out how to invest wisely in thesepromising assets.

4 corners to follow in 2024:

• Dogecoin (DOGE);
• Shiba Inu (SHIB);
• Pepe (PEPE);
• Brett (BRETT).

What is a corner meme?

A meme is defined as “a concept (text, image, video) massively taken up, declined and diverted on the Internet in an often parodic way, which spreads very quickly, thus creating buzz.”

Memes are widely circulated on social networks, particularly during key periods such as elections or sporting events.
Their aim is usually to get a message across through humor.

This principle has been taken up in crypto via meme coins.
These are cryptocurrencies based on a humorous “concept”.
These coins have similarities and differences with traditional cryptos such as Bitcoin or Ethereum.

For example, as a crypto, meme coins operate on a blockchain.

The vast majority of meme coins are tokens, i.e. they use an existing blockchain to function.
For example, Floki Inu is an ERC-20 token and uses the Ethereum blockchain.

But these coins differ in their objectives.
Bitcoin, for example, aims to become a peer-to-peer means of payment.
Ethereum, on the other hand, aims to provide an architecture conducive to the development of decentralized applications (dApps).

Most meme corners, on the other hand, have a much more measured ambition, which is simply to generate buzz.

Why do corners attract investors?

Meme coins are a popular asset for investors.
First of all, this is a very large market, currently worth 49 billion euros, with 7 coins having a capitalization in excess of one billion euros.

What’s more, meme corners are often easy to create.
New meme coins regularly come onto the market.
These cryptos are also simple to understand from the buyer’s point of view.

Indeed, most meme coins have a simple website and don’t base their strategy on complex developments linked to blockchain architecture, DeFi, etc.

The objective is simple and within everyone’s reach: to make money quickly by generating buzz.
These corners are also very affordable to buy.
Since they generate buzz quickly, they generally manage to get listed quickly on the main exchanges.

In other words, it’s very easy to buy a corner meme!

As speculative assets, meme coins are the talk of the town, attracting the attention of investors.
Their price is more volatile than a classic crypto such as Bitcoin.

As a result, it’s not uncommon to see meme coins making the crypto news and posting impressive variations.
Easy to buy, plentiful, accessible, high volatility… it’s no wonder investors are flocking to meme coins in 2024!

Factors influencing meme corner growth

As a crypto, the price of meme coins mainly follows the law of supply and demand.
While supply is often limited or follows a scheduled coin issue, demand depends on a coin’s ability to stand out from the crowd.
With a stable supply, if demand explodes, the price of the meme coin rises.

Unlike traditional cryptos, a meme coin aims to generate demand via buzz.
In concrete terms, these tokens rely on their ability to generate buzz on social networks.
This is achieved by :

• Strong phrases;
  • Example: The Shiba Inu project aims to send the SHIB course to “the moon”.
• Evocative logos;
  • Popularized by Dogecoin, the dog (often from the Japanese Shiba Inu breed) is at the center of many corner memes like Shiba Inu (SHIB), Floki Uni (FLOKI), INU (INU), etc.
    This allows these projects to create narratives around their corner.
    On May 24, 2024, the Dogecoin team reported on X the death of Kabosu, the iconic DOGE dog.
    For Dogwifhat, the logo is a Shiba Inu born on September 15, 2018, named Achi who is wearing a beanie.
    The NFT of the Dogwifhat meme sold for nearly $4.3 million on March 18, 2024.
• Strategic names;
  • It often happens that meme coins adopt a name derived from a crypto or a newsworthy event.
    For example, there’s an “ETF” meme coin, a “Sealana” meme coin, a “Dogeverse” meme coin, a “Bitcoin Minetrix” meme, and so on.
• Celebrities as sales reps.
  • For example, billionaire Elon Musk often mentions the Dogecoin corner meme in his tweets.

By creating a major buzz, meme corners quickly become well known.
The result is the creation of dynamic communities of fans who mobilize to publicize their meme corner.

Rivalries are created between communities, reinforcing the buzz and attracting ever more investors.
A case in point is the rivalry between Shiba Inu fans with their SHIB Army and Dogecoin.

Last but not least, most meme coins have a low, or even very low, price.
For example, the price of SHIB is on the order of one hundred thousandth of a euro!

However, the price of these coins is more volatile than that of traditional cryptos.
As a result, many investors want to buy meme coins in order to make a quick and substantial capital gain.

Some famous meme corners

The meme corner market is made up of thousands of tokens.
However, not all of them manage to survive over time.
Indeed, some disappear as quickly as they appeared, the fault of a poorly prepared project, a missed target or other.

The “fame” of a meme corner is measured mainly by its capitalization.
At present, the 10 most famous memes are :

• Dogecoin (DOGE), €18.4 billion;
• Shiba Inu (SHIB), 11.4 billion euros ;
• Pepe (PEPE), 4.5 billion euros ;
• dogwifhat (WIF), 2.4 billion euros ;
• FLOKI (FLOKI), 1.8 billion euros ;
• Bonk (BONK), 1.5 billion euros ;
• Brett (BRETT), 1.4 billion euros ;
• Dog (DOG), 680 million euros ;

• BOOK OF MEME (BOME), 660 million euros ;

• Memecoin (MEME), 400 million euros.

 

Top 4 meccas to watch in 2024

As mentioned above, there are many meme corners out there.
What’s more, not all of them are based on sound principles.
Some are downright scams.
So before you invest in meme coins, it’s important to get the facts right.

To make things easier for you, here are 4 corners to know in 2024.
These 4 corners are different in nature, notoriety and purpose.

Dogecoin (DOGE)

 

The Dogecoin project dates back to December 2013.
The three people behind the creation of Dogecoin are Billy Markus, Oregon Palmer and Jackson Palmer.
Originally, the goal of Dogecoin ‘s creators was to launch a crypto that could rival Bitcoin.
The team also wanted to use the coin to sponsor teams or movements.
Over time, Dogecoin established itself on the crypto market and gained credibility.
Today, DOGE is the most important coin meme on the market.

More than just a “simple” meme coin, Dogecoin is positioned as a credible alternative to Bitcoin for peer-to-peer transactions.

Dogecoin owes its notoriety not least to Elon Musk.
While the American billionaire denies being a DOGE investor, the fact remains that his numerous tweets about Dogecoin have helped to explode its share price and raise the profile of the coin.
Recently, Elon Musk sent out a tweet mocking the mainstream media , who were embarrassed to learn that Dogecoin is one of the world’s top 10 cryptos!

It was also Tesla, of which he is former CEO, that accepted the DOGE payments before reversing its decision.

On the strength of this, Dogecoin has very strong growth potential in 2024.
Rumors suggest that some major players (such as Tesla) may finally accept payments in Dogecoin, which would propel the DOGE price to new heights. Buy DOGE safely with Coinhouse.

Capitalization (€)	18.3 billion
Rank	8
Price (€)	0,12
ATH (€)	0.68 (May 8, 2021)
Number of tokens in circulation	144.7 billion

 

Shiba Inu (SHIB)

 

The SHIB corner was launched in August 2020.
The main person behind the creation of the Shiba Inu is known by his pseudonym,
Ryoshi.

Arriving after Dogecoin, Shiba Inu aims to compete directly with the latter and become the biggest meme coin on the market.
The SHIB Army is one of the largest crypto communities in the world.
On the X network, Shiba Inu has almost 3.8 million followers, very close to the 3.9 million of Dogecoin, an older meme coin.

Originally a rival meme coin to Dogecoin, Shiba Inu has diversified over the years.
Today, the SHIB token is part of a global crypto ecosystem that includes :

• Shib the Metaverse;
• DEX (ShibaSwap);
• A domain name service (Shib Name) ;
• A layer 2 (Shibarium).

The Shiba Inu team continues its efforts to develop the meme corner ecosystem.
By gaining new utilities, SHIB is setting itself apart from “pure” meme coins and attracting different investors, which can only boost its price.
Lately, SHIB developers have been working, for example, on the creation of a layer 3 called Treat. Buy SHIB safely with Coinhouse.

Capitalization (€)	11.4 billion
Rank	11
Price (€)	0,00001901
ATH (€)	0.00008265 (October 28, 2021)
Number of tokens in circulation	589.27 trillion

 

Pepe (PEPE)

 

The people behind the launch of the PEPE project are anonymous.
Unlike Dogecoin and Shiba Inu, Pepe is a coin based on a frog meme, not a dog meme.
To be more precise, it’s the character Pepe The Frog created by Matt Furie in 2005 in his Boy’s Club comic strip.

In fact, the Pepe team intends to turn it into a selling point, declaring that “dogs have had their day”!
The aim of the PEPE token is to relaunch a meme corner market still too much under the thumb of Dogecoin or Shiba Inu.

Launched in April 2023, the PEPE coin meme has enjoyed dazzling success, with a capitalization in excess of 500 million euros in just a few weeks.
PEPE is now one of the world’s top 30, with a market capitalization in excess of 4 billion euros!

While many predicted its downfall, the PEPE coin meme never ceases to surprise.
Recently, during bull market 2024, while the news was focused on Ethereum and the approval of ETFs, the PEPE token saw its price explode and even reach a new record high.

The Pepe community contributes to the coin’s success, with a measured level of engagement that sometimes exceeds that of Bitcoin!
“Pure” coin meme, the PEPE token continues its irresistible rise.

What if it was the right plan for 2024?

Capitalization (€)	4.6 billion
Rank	23
Price (€)	0,00001101
ATH (€)	0.00001161 (May 27, 2024)
Number of tokens in circulation	420 trillion

 

Brett (Based) (BRETT)

 

Launched in March 2024, Brett (Based) is the latest addition to the world of meme coins.
Like Pepe, the Brett token has met with considerable success, reaching a capitalization of over one billion euros in just a few months.

The frenzy surrounding Brett is based on two main aspects.
On the one hand, Brett is linked to the Pepe corner meme.
Described as “Pepe’s best friend”, the Brett token represents a character also from the world of cartoonist Matt Furie.

What’s more, the Brett coin is unique in that it has been launched on Base, a layer 2 created by the Coinbase exchange, which is particularly popular with meme coins and very much in vogue these days.

Launched only recently, there’s not much information available at this stage on Brett’s roadmap and future developments.
However, its youth is its strength.

If its price follows the Pepe’s trend, the Brett coin meme could be a very profitable crypto investment.
It’s also a great alternative for those who missed out on PEPE’s hot start.

Capitalization (€)	1.4 billion
Rank	59
Price (€)	0,14
ATH (€)	0.18 (on June 9, 2024)
Number of tokens outstanding	9 910 236 395

How can I invest in the same corners with Coinhouse?

To buy coins, you need to use the services of an exchange like Coinhouse.
At present, you can buy Dogecoin (DOGE) and Shiba Inu (SHIB) on Coinhouse.

All you have to do is :

• Go to the Coinhouse homepage and log in to your account;
• Click on the “Buy” button (at the top of the page) and select “DOGE” or “SHIB” in the “Receive” tab.
• Select your payment method (credit card or bank transfer) and click on “Continue”.

Once the coins of your choice have been purchased, they are transferred to the platform’s wallet.

Conclusion

Meme coins are an important category of cryptocurrency today.
By their very nature, these coins are designed to generate buzz and attract a large number of investors.

What’s more, the price of meme coins is highly volatile, flaring up far more often than that of traditional cryptos, which depend on bull runs.
Finally, these coins are often easy to understand and don’t involve complex concepts.
Their principle is simple: make money fast by taking advantage of the buzz.

The mega-corners are high-potential assets, and this “frenzy” has no end in sight!

How about buying meme coins for your crypto investment in 2024?

First you’ll have to choose between dog and frog…