The cryptocurrency market is marking a significant milestone with the approval and launch of spot Ethereum ETFs in the United States. In this medium, meme coins such as ApeCoin (APE), Samoyedcoin (SAMO), Memecoin (MEME), Bonk (BONK), and Shiba Inu (SHIB) are catching the eye as promising cryptos for potentially significant returns in 2024. 

After a decade of pushing boundaries, crypto is now blending into mainstream finance with this major development. Unlike the Bitcoin futures ETFs approved in 2021, these new ETFs provide investors direct exposure to ETH price, allowing both retail customers and traditional financial institutions to invest through conventional brokerage apps and accounts, bypassing the need for crypto exchanges. Major trading houses are diving into the Ethereum scene, stirring up more buzz and liquidity in the market.

That set aside, we take a look at the most promising meme coins and give you the foundational knowledge to help you choose the best meme coin for your portfolio. 

ApeCoin (APE)

ApeCoin (APE) is currently priced at $1.72 on Gate.io, reflecting a recent increase of 4.89% over the past 24 hours. The coin has experienced a 6.89% change so far this year. It remains a prominent token in the crypto space with a market capitalization of approximately $1.08 billion​​.

ApeCoin (APE) is an ERC-20 governance and utility token within the APE Ecosystem, inspired by Yuga Labs’ Bored Ape Yacht Club project. Launched on the Ethereum blockchain, ApeCoin serves as the native currency for various applications within this ecosystem, including exclusive games, services, and decentralized governance. 

Token holders participate in the ApeCoin DAO, where they can vote on proposals and decisions that impact the community and the allocation of the Ecosystem Fund. This decentralized framework empowers users to collaborate and influence the development of the APE Ecosystem. 

ApeCoin’s fixed supply of 1 billion tokens and its integration into high-profile NFT projects have contributed to its prominence in the crypto space. 

Samoyedcoin (SAMO)

The current price of Samoyedcoin (SAMO) is $0.0038. It has seen some fluctuations, with recent movements indicating a stable yet cautious market sentiment. The token benefits from Solana’s fast transaction speeds but continues to struggle with broader utility beyond its meme status​​.

Samoyedcoin (SAMO) is a meme coin built on the Solana blockchain, leveraging Solana’s high-speed and low-cost transaction capabilities. Named after the Samoyed dog breed, which is known for its friendly and playful nature, Samoyedcoin aims to bring a sense of community and fun to the cryptocurrency space. 

The coin was launched to capitalize on the growing popularity of meme tokens and to foster a vibrant community within the Solana ecosystem. Despite its playful origins, SAMO has garnered attention for its efficient transaction capabilities, benefiting from Solana’s scalable blockchain technology. However, its primary challenge remains expanding its utility beyond its meme status to sustain long-term growth and relevance in the competitive crypto market​.

Memecoin (MEME)

Memecoin (MEME) is trading at approximately $0.0300. The coin has attracted attention due to recent investments from notable players like BNB Labs. This influx of interest is helping MEME gain a more solid foothold in the market, though its long-term prospects will depend heavily on its ability to maintain and grow its user base​.

Memecoin (MEME) is a cryptocurrency designed to harness the power of internet culture and humor, offering a unique blend of financial utility and community engagement. As a relatively new player in the meme token sector, Memecoin has gained significant attention following a substantial investment from BNB Labs, which has boosted confidence in its long-term potential. 

This epitome of all meme coin is casted on the Binance Smart Chain (BSC), which, just like with any other blockchain, ensures fast and cost-effective transactions. Memecoin aims to create a robust community by leveraging its meme-based appeal and integrating various decentralized finance (DeFi) functionalities to enhance its utility. 

Bonk (BONK)

Bonk (BONK) is currently priced at $0.0000147. It has been riding a bullish trend with a 15% increase recently, driven by strong market performance and growing excitement among investors. However, maintaining this momentum will require navigating market volatility effectively​​.

Bonk (BONK) is a meme coin that operates on the Solana blockchain, designed to capitalize on the growing trend of meme-based cryptocurrencies. Launched to bring a playful and community-centric approach to the crypto world, BONK has quickly gained traction due to its engaging and humorous branding. 

The coin benefits from Solana’s ecosystem, which makes it attractive for users looking for efficient and scalable digital assets. Bonk has recently experienced a bullish trend, reflecting increased market interest and investor excitement.

Shiba Inu (SHIB)

Shiba Inu (SHIB) is priced at $0.0000087. The token has continued to attract investor interest, removing another zero from its price and indicating a strong community backing. SHIB’s long-term success will depend on sustained community engagement and adaptability to market changes.