5 Memecoins To Buy For 100X Growth By December

Memecoins have captured the hearts of crypto enthusiasts due to their funny characters and ability to give investors huge returns. Memecoins are sometimes identified with animated characters or animal meme images and advertised as having strong online community support. 

These digital assets, created using blockchain, benefit the crypto market. This year has been a roller coaster ride in the memecoin industry. The memecoin sector saw a strong boost in the first quarter but suffered a correction in the second quarter. 

By the third quarter, the sector had broken out of a correction phase and continued to soar. Here are the five memecoins set for growth this December;

1, Floki (FLOKI)

FLOKI is a cryptocurrency with a total supply of 9,686,976,716,302 tokens. CoinMarketCap data shows it is ranked the 55th-biggest cryptocurrency by market capitalization, valued at $1.49 billion. FLOKI is currently trading at $0.0001549 and has increased by 15.36% on the monthly chart. 

This indicates that FLOKI is on the verge of joining the top 50 coins by market cap, as many investors resume trading after the recent market downturn. With the release of its much-anticipated metaverse game in November, FLOKI is now preparing for a strong fourth quarter.

Additionally, about 50% of FLOKI’s trading bot revenue has been permanently burned, lowering excess supply. As supply reduces, demand for the memecoin is anticipated to rise, potentially pushing the price higher by December.

2, Shiba Inu (SHIB)

Shiba Inu (SHIB), popularly called the Dogecoin killer, is one of the 5 memecoins worth watching this quarter. The Ethereum-based memecoin has maintained a notable growth trajectory despite fluctuations recorded mid-year. 

At the time of writing, SHIB Shiba Inu exchanged hands for $0.00001873. This represents an increase of 1.27 in the last day and 7.71% in the past week.

Shiba Inu remains one of the few memecoins that have remained relevant in crypto. Experts attribute this to the creativity of the development team. Shiba Inu developers periodically introduce upgrades to keep the project updated and secure. For instance, Shiba Inu recently partnered with Zama, an encryption design startup, to enhance the security of its ecosystem.

Furthermore, Shiba Inu periodically conducts token burns to keep the circulating supply low. The SHIB burn mechanism has helped boost its value and might drive a a massive 100x rally moving forward.

3, MAGA (TRUMP)

Launched on August 11, 2023, MAGA is a memecoin inspired by former US President Donald Trump. 

The price of MAGA has experienced notable upticks since its launch, yielding a Return On Investment (ROI) of about 1.75%. This has pushed the memecoin into the top 300 cryptocurrencies in the market. At press time, MAGA held the 261 ranks by market capitalization among all the cryptocurrencies.

MAGA’s price experienced 110% over the past month despite current price slumps. As the 2024 U.S. Presidential elections draw near, the memecoin is growing to become a top choice among crypto enthusiasts. Many expect the token to witness an outstanding performance if Trump eventually wins the US Presidential election.

4, Dogwifhat (WIF)

Dogwifhat has bagged increased recognition since late 2023. According to CoinMarketCap data, the project is currently the fourth-largest memecoin in market capitalization. Market experts attribute WIF’s popularity to a robust and loyal community. This community has backed Dogwifhat since it first entered the crypto market, and the project is currently generating massive returns.

Dogwifhat reached an all-time high of $4.83 at the end of March. The token’s price has since dropped, to $2.659. Despite this decline, experts see WIF achieving high prices in the coming months. They predict the WIF token will reach $4.262 by the end of the year.

WIF’s market cap is $2.5 billion, bringing it to number 37 on the crypto market capitalization hierarchy. Its 24-hour volume amounted to over $266 million. 

5, First Neiro on Ethereum (NEIRO)

The NEIRO memecoin is often touted as a successor to Dogecoin. NEIRO emerged as the top memecoin performer in August, increasing investors’ portfolios by 771% during a market rebound.

Neiro Ethereum is a community-driven project offering zero buy/sell tax and no team tokens. Like Dogecoin, NEIRO aims to present itself as one of the leading memecoins. Its live market capitalization is $730 million, and it ranked 87th-biggest cryptocurrency.

NEIRO is currently witnessing a rebound amid short-term market volatility. NEIRO surged 135.84% within the past month to $0.001904, indicating a bullish momentum.

Disclaimer: The information provided in this article is for informational purposes only. It does not constitute investment, financial, trading, or any other sort of advice. You should not treat any of BGECrypto’s content as such. BGEcrypto does not recommend that any cryptocurrency should be bought, sold, or held by you. Do your due diligence and consult your financial advisor before making any investment decisions.