$DOGE, $SHIB, $BONK and $GFOX — Why These 4 Memecoins Will Dominate 2024

Though Bitcoin has received the lion’s share of retail interest and media hype so far in this bull market, with $BTC still leading in dominance by a wide margin, memecoins have quietly been where much of the real action (and gains) are. While the rest of the market has been consolidating over this last week, memecoins have surged higher and hit new all-time highs – and for now it seems this is just the beginning, as there’s still plenty of room for price appreciation.

Most analysts predict that this rally has enough steam to last well into 2024, and that we’re still in the first inning. Thus it’s no surprise that Dogecoin ($DOGE), Shiba Inu ($SHIB), Bonk ($BONK), and Galaxy Fox ($GFOX) are the best meme coins to buy going into next year. But do they really have what it takes to spark a true memecoin rally in 2024?


Dogecoin ($DOGE) to Set New All-Time High in 2024

Dogecoin ($DOGE) has been a key driver for memecoins. Yet, one significant milestone that the original memecoin has failed to reach is $1. Among many analysts predicting that things may change in 2024, one name stands out: Ali Martinez.

Recently, Ali explained that the Dogecoin network has been expanding quite rapidly. What does this mean? Actually, it is often the case that network expansion precedes a big price surge to $1. By doing this, $DOGE has become one of the best cryptos to buy for 2024.

Shiba Inu ($SHIB) Network Growth To Pay Off in 2024

Like Dogecoin, Shiba Inu ($SHIB) has been growing at a rapid rate. The team behind the project has introduced a layer 2 network, a decentralized identity service, a DEX, a swap protocol, and many others. 

Although this infusion of utility hasn’t paid off in 2023, with $SHIB gaining only 30% year-to-date, it has been ranked as one of the best meme coins to buy for 2024. Jalaleddin Hatefi has predicted a major bull run for Shiba Inu after the approval of a spot Bitcoin ETF.

Bonk to Extend Gains in 2024

Bonk ($BONK) has spurred the latest Solana price rise. Throughout 2023, $BONK was one of the best meme currencies to invest in, with gains of around 7,800%. The meme coin’s utility in the Solana ecosystem is the reason for its rapid growth. 

Bonk is used to restore liquidity to decentralized Solana exchanges. The use of $BONK has been increasing in recent weeks. As the utility of BONK grows, so will its price, making it one of the top meme coins to invest in before 2024.


Galaxy Fox ($GFOX) Set To Dominate With New Meme Coin Model

There has been a surge of interest in Galaxy Fox ($GFOX) because of its new meme coin model. The project was created to bring massive utility to the meme coin space. Yes, utility. Galaxy Fox achieves this by blending a blockchain gaming ecosystem with the meme coin culture. 

This makes Galaxy Fox a dual-utility project that remains fun and exciting. The game is the primary focus of the ecosystem. Within the Galaxy Fox game, players will choose unique fox characters, which they can customize. With their unique foxes, players will journey through an immersive virtual world, competing and dominating worlds.

As a play-to-earn, you are rewarded for your time playing and conquering different worlds. But this isn’t the only component of Galaxy Fox. The ecosystem has some of the coolest NFTs, a virtual marketplace, and a merchandise store. Like the game, Galaxy Fox are rewarded for participating in other parts of the ecosystem.

The uniqueness of Galaxy Fox has attracted a massive following to the project. In December, its ERC20 coin, $GFOX, increased from $0.00066 to $0.001749. Going into 2024, analysts have forecasted up to a 100x price surge for $GFOX, making it one of the best meme coins to buy now. 

In a Nutshell

2024 looks set to be an exciting year for the meme coin sector. Holding $DOGE, $SHIB, $BONK, and $GFOX puts you in a position to enjoy the 2024 bull market. However, Galaxy Fox looks like the best option to make the most of the market, thanks to its new model and growing traction.

Learn more about Galaxy Fox ($GFOX) here:

Visit Galaxy Fox Presale | Join The Telegram Group | Follow Galaxy Fox on Twitter 

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Sarah Wurfel
Sarah Wurfel

Sarah Wurfel works as a social media editor for CaptainAltcoin and specializes in the production of videos and video reports. She studied media and communication informatics. Sarah has been a big fan of the revolutionary potential of crypto currencies for years and accordingly also concentrated on the areas of IT security and cryptography in her studies.