Which Meme Coin To Buy In 2024?

If there is one, just one, meme coin to buy in 2024, it might be in the AI coin space.

Meme coins have no utility, they are not a true investment.

Still, as a serious investor, you might ask the question whether you should get involved, in a controlled way, in buying meme coins.

If someone thinks back of Dogecoin, back in 2020, buying before it went up 100x could have given life-changing return. Similarly, Shiba, one of the other established names among thousands of meme coins, got popular with 20x returns in 2021.

Buy meme coins – it feels good

There is a whole culture around meme coins.

They feel good. It’s fun and profitable.

At least, that’s how it looks on the surface.

Social media is the place of meme coin narratives and conversations.

Meme coins look good:

GM $QUACK!
Rise and Shine!#memecoin #Memecoins pic.twitter.com/Zg6KWZdCnM
— RichQuack (@RichQuack) February 18, 2024

Meme coins feel good:

Who’s got the next #1000x memecoin? 💥🚀#babydoge pic.twitter.com/TsOnO8agCS
— BabyDoge News (@BabyDogenews_) February 23, 2024

Again, meme coins feel good and look good.

Where are those 100-baggers

That’s the question that many crypto enthusiasts tend to ask: “Where are those 100-baggers?”

Many think that all meme coins will end up becoming a 100-bagger.

It’s a perception. It’s created on social media.

The reality, however, is that the probability of hitting 100-baggers is unusually low. We dedicated an entire article to 100-baggers, explaining that only 1 in 10,000 investors (likely even less) are able to hit a 100-bagger in their career.

Read: Debunking Crypto Investing Myths – Finding 100-Baggers Is Far More Difficult Than It Sounds

If anything, in running the first premium crypto investing service in the world, we thought, for the 2nd time in 7 years, we saw a potential 100-bagger. We shared a tip with our premium members, accessible in the restricted area (log in required): The Highest Risk Reward Solana Play (100x Candidate).

If anything, it makes more sense to look for a 100-bagger outside of the meme space.

Our thinking, based on 7 years of experience analyzing crypto markets, is that meme coins can do 10x if you pick the right ones. The 100-bagger meme coin is unusually tough to hit. Moreover, when selecting a meme coin to buy, you might also hit losers which will drag your account value down a lot.

Meme coins – to buy or not to buy

That said, should investors consider the well known names, like DOGE and SHIB.

The charts will give an answer. But our research, if you scroll down, will reveal even more answers.

If anything, Dogecoin is improving. Its chart now shows a bullish reversal. While Dogecoin is a very interesting token, we don’t see 100x upside potential. The targets we have for 2024 are 0.136, 0.22, 0.256 and ultimately 0.38.

Is Dogecoin a meme coin to buy in 2024? If you are looking for a ‘safe’ meme coin play, the answer might be ‘yes’.

Source – Tradingview

Similarly, Shiba is working on a bullish reversal pattern as it continues to consolidate. Shiba can move higher, a few multiples from here, featuring similar upside potential as Dogecoin.

Is Pepe a meme coin to buy in 2024?

One might ask whether Pepe is a meme coin to buy in 2024, given the ‘limited’ upside potential of Doge and Shiba.

Interestingly, the day we are writing this article, we see Pepe breaking out of a long term bullish triangle structure. Yes, Pepe may move higher in 2024. Similar to Shiba and Doge, the upside potential is not 100x. It might be 3x, maybe 5x, maybe a little more, but it won’t move up 10x in 2024.

Buy meme coin Pepe in 2024? For those looking for a ‘safe’ meme coin to buy in 2024, the answer might be ‘yes.’

One top AI meme coin to buy in 2024

Now, if there is one, and only one, meme coin to buy in 2024, it it should be this one in the AI space.

That’s what we concluded after extensive meme coin research.

The crypto AI space is heating up. Consequently, ‘the next Dogecoin’ will come up among AI coins.

Below is one such AI meme coin. We featured this AI meme coin in our premium research service, one week ago, in this buy alert: 6 AI Crypto Coins Breaking Out.

This is an important comment from our buy alert: “It offers a great entry area before things heat up.” We believe the first target of this AI meme coin is 400%, it may do 10x and even more.

The chart is an absolute beauty: a cup-and-handle formation, very bullish, at it is confirming a breakout above its 50% retracement level. We see lots of upside potential in this AI meme coin in 2024.

What is the symbol of this AI meme token to buy in 2024? As said many times, mentioning symbols in public blogs is tricky. Because symbols must come with buy and take profits recommendations. Buying is easy, but taking profits when things heat up is tough, and both, combined, is what we offer in our crypto research service.

Another meme token to buy in 2024 might be this NFT meme. In case NFT’s, part of Web3, heat up again, we will flash a buy signal in the crypto research service. It might happen in the coming days or weeks, unknown when exactly.

What is clear from this chart is that the reversal is strongly bullish.

Fun fact, we see similar upside potential in both meme coins to buy in 2024 (above, below): at a bare minimum 4x, most likely 10x, potentially even more.

Meme coin – be mindful of the risk

Again, as said, investors need to be very selective with meme coins. There are lots of risks involved in buying meme coins, in 2024 and beyond.

A simple search for meme coins reveals what we are talking about. Especially serious sites are able to articulate it very well – you can make and lose lots of money with meme coins.

Here is one recent example – SHI, a dex-only meme coin, crashed 90% in one day. It happened the day we wrote this article which was February 25th, 2024.