The cryptocurrency market is showing strong performance, with multiple cryptocurrency prices hitting annual highs by the end of 2023. Meme coins are making the most headlines, generating massive returns of up to 10,000% in just a few weeks.
In particular, new meme coins such as Bonk and Meme are showing spectacular bullish rallies, significantly outperforming top tokens such as Dogecoin and Shiba Inu. Bonk even upset Pepe to become the third-largest meme token by market capitalization, reaching a peak valuation of $1.8 billion.
A significant catalyst fueling Bonk’s rally has been securing listings on both Binance and Coinbase, the world’s leading cryptocurrency exchanges. With close to 200 million registered users and over $10 billion in daily trading volume, Binance provides global exposure to tokens listed on its platform, leading to explosive price growth.
Potential New Meme Coin Listed on Binance
Binance is very selective when onboarding new cryptocurrencies, especially meme coins, given their high-risk, high-reward nature. The platform vets potential tokens across a variety of factors, including development team, community support, and security standards.
Currently, there are only 9 meme coins available for trading on Binance. However, with the cryptocurrency market heading into its next bull market, Binance has shown a willingness to onboard new tokens, especially if they have strong community support and are proven winners.
With this in mind, we are listing new meme coins that can secure a spot on Binance and potentially emerge as the best meme coins to invest in in 2024.
Sponge V2 ($SPONGEV2)
Sponge V2 is the best choice for a new meme coin to potentially be listed on Binance thanks to the incredible performance of its predecessor, Sponge.
Launched in May of this year, Sponge was one of the top meme coins of 2023 and reached an all-time high with a market capitalization of $100 million. Early investors in MEM Coin received returns of up to 100 times their investment. This token has been launched on various top cryptocurrency exchanges such as MEXC, Gate.io, OKX, and Bitget.
Inspired by this success and looking to capitalize on the upcoming bull market, the Sponge development team is now releasing the second version of the meme coin, Sponge V2. With improved token economics, a higher marketing budget, and support for exciting Play-To-Earn games, this new version of Sponge looks set to deliver another 100x opportunity in 2024.
The project has launched a staking-bridge mechanism that allows investors to stake Sponge tokens and earn Sponge V2 tokens in return. On the other hand, they can also go to the sponge.vip website and purchase $SPONGEV2 directly through a special widget, which also allows them to get attractive bonuses.
Purchased tokens will be automatically staked and can be claimed later when Sponge V2 is released on exchanges.
Thanks to the global popularity of the SpongeBob SquarePants animated show, the project already has tremendous community support, as evidenced by Sponge’s success. However, those who missed out could potentially enjoy greater success, especially if Sponge V2 secures a Binance listing.
Meme Combat ($MK)
Meme Kombat is an innovative new meme coin with attractive properties such as Play-to-Earn, Staking and GambleFi. $MK is currently in the pre-sale phase, raising over $4 million in two months, indicating strong demand for the token.
Despite still being in its ICO, Meme Kombat has received strong support from smart money traders and cryptocurrency whales. Analysts such as Michael Wrubel, Crypto Tony, and Matthew Perry have all praised $MK’s price potential, and Joe Parys included it on his list of the best meme coins to buy in 2024.
One of the reasons for its strong support is that Meme Kombat is not simply a token with no utility looking to capitalize on market hype. Instead, the project will launch its own Web3 gaming platform that will serve as a virtual battle arena for “meme coin wars.”
The game features 11 virtual characters, each representing a popular meme coin such as Doge, Shiba, Pepe, Floki, Sponge, and more. These characters will engage in AI-simulated battles, the outcome of which is unpredictable and determined. On chain. Game players can bet on their favorite characters in a variety of game modes, including player vs player, player vs game, and direct betting.
$MK investors will also have the opportunity to earn passive income through Mim Coin’s staking program. The Meme Kombat staking pool is currently offering an APY of 216%, well above the industry standard.
Additionally, the project has taken strong measures to provide transparency and security to investors. For example, the identities of all team members behind the tokens are revealed, eliminating the fear of fraud or scams. Additionally, the $MK smart contract has been audited by Coinsult. Read the thanks at memekombat.io.
Wall Street Meme ($WSM)
Wall Street Memes is another popular token that has seen incredible success in 2023, reaching an all-time high market capitalization of over $80 million.
The biggest strength of this project is its global community support, thanks to its roots in the legendary Wall Street Bets Reddit community. The Wall Street Memes group has a social media following of over 1.1 million people, and even Elon Musk is a fan of edgy financial memes.
Thanks to this community support, $WSM has secured coveted listings on almost all top cryptocurrency exchanges except Binance and Coinbase. Exchanges like KuCoin, LBANK, and MEXC have all listed meme coins on their platforms.
The team of developers behind the project also has an impressive reputation in the cryptocurrency space due to the success of their previous projects. For example, the Wall St Bets NFT collection sold out in just 32 minutes, generating $2.5 million in revenue.
Recently, the Wall Street Memes project launched its own Telegram-based casino, Wall ST Memes Casino. This casino can be accessed via $WSM. The casino offers access to thousands of games and sportsbooks, including NFL, NBA, Premier League, and more. Players who currently sign up at WSM Casino also receive a 200% signing bonus.
These interesting characteristics make it likely that WSM will be listed on Binance next year.
Snack ($SNEK)
Snek is a Cardano-based meme coin that has generated explosive returns since its launch in May this year. $SNEK reached an all-time high market cap of $160 million, and despite some subsequent corrections, it still holds a value of over $113 million, making it the 10th largest meme coin on the market.
The Snek meme coin has now risen 900% since its launch, making it one of the best tokens of 2023.
The self-described “coolest meme coin” uses a deflation mechanism to increase its value, and more than 1 billion tokens have already been burned. More importantly, the project is releasing various features such as Snek Games, Snek Exchange, and Snek Raffles, which will only increase the token price.
Snek is the largest token on Cardano in terms of trading volume. As a result, with ADA expected to explode in 2024, $SNEK also offers excellent price potential.
Mill Lady Meme Coin ($LADYS)
The Milady Meme coin is based on the popular Milady NFT collection. The token gained massive popularity earlier this year when Tesla and Twitter owner Elon Musk shared a Milady meme on his Twitter, leading to a 10,000% bullish rally.
$LADYS surpassed $100 million in market capitalization twice in May and December this year. Despite a strong correction last week, $LADYS is up 152% over the past month.
As witnessed by Dogecoin, Elon Musk’s bullish influence is quite strong in the meme coin market. If Musk continues to support $LADYS, it could quickly be listed on Binance.