The cryptocurrency market is in a roaring bull run, with a number of crypto prices hitting new yearly highs to end 2023. Meme coins are grabbing the most headlines, generating staggering returns as high as 10,000% within a span of a few weeks.
In particular, new meme coins such as Bonk and Meme are displaying spectacular bull rallies, considerably outperforming top tokens such as Dogecoin and Shiba Inu. Bonk even flipped Pepe to become the third-largest meme token by market cap, garnering a valuation of $1.8 billion at its peak.
A significant catalyst fueling the Bonk bull rally is its achievement of securing listings on both Binance and Coinbase, the world’s leading cryptocurrency exchanges. Binance, with its close to 200 million registered users and daily trading volume of over $10 billion, offers global exposure to the tokens listed on its platform, leading to explosive price growth.
Potential New Meme Coins To List On Binance
Binance is extremely selective when it comes to onboarding new cryptocurrencies, especially meme coins considering their high-risk, high-reward nature. The platform vets any potential token across a wide variety of factors, including the development team behind it, its community support and security standards.
Currently, only nine meme coins are available for trading on Binance. However, with the crypto market on the cusp of its next bull run, Binance has shown an inclination towards onboarding new tokens, especially if they have strong community support and are proven winners.
With this in mind, we list the new meme coins which could secure a spot on Binance, potentially emerging as the best meme coins to invest in 2024.
Sponge V2 ($SPONGEV2)
Sponge V2 is our top pick for new meme coins that could potentially be listed on Binance, thanks to the staggering performance of its predecessor – Sponge.
Sponge – which was launched back in May of this year – was one of the best meme coins in 2023, reaching an all-time high market capitalization of $100 million. Early investors of the meme coin saw as much as 100x returns on their investments. The token was launched on a wide range of top crypto exchanges such as MEXC, Gate.io, OKX and Bitget.
Inspired by this success and looking to take advantage of the upcoming bull market, the development team behind Sponge is now launching the second iteration of the meme coin – Sponge V2. Backed by revamped tokenomics, a higher marketing budget and an exciting Play-To-Earn game, this new version of Sponge appears set to offer another 100x opportunity in 2024.
The project has launched a stake-to-bridge mechanism, in which investors can stake their Sponge tokens and earn Sponge V2 tokens in exchange. On the other hand, they can head to the sponge.vip website and directly purchase $SPONGEV2 through the specialized widget, which will also get them an attractive bonus.
The purchased tokens will automatically be staked and could later be claimed when Sponge V2 is launched on exchanges.
Thanks to global popularity of the SpongeBob SquarePants animated show, the project has tremendous community backing, as already exemplified by the success of Sponge. However, those who missed out could potentially enjoy even greater success, especially if Sponge V2 secures a Binance listing.
Meme Kombat ($MK)
Meme Kombat is an innovative new meme coin, featuring attractive attributes such as Play-to-Earn, staking and GambleFi. $MK is currently in its presale phase in which it has raised over $4 million in a span of two months, signaling robust demand for the token.
Despite still being in its ICO, Meme Kombat has been receiving strong backing from smart-money traders and crypto whales. Analysts such as Michael Wrubel, Crypto Tony and Matthew Perry have all praised $MK’s price potential, while Joe Parys included it in his list of top meme coins to purchase in 2024.
One of the reasons for the strong support is that Meme Kombat is not a utility-less token that is seeking to simply capitalize market hype. Instead, the project will launch its own Web3 gaming platform, which will serve as a virtual battle arena for the “war of meme coins”.
The game will have 11 fictional characters, each of which will represent a popular meme coin such as Doge, Shiba, Pepe, Floki, Sponge, etc. These characters will engage in AI-simulated battles, the outcome of which will remain unpredictable and decided on-chain. Players of the game will be allowed to bet on their favorite character in various gaming modes such as player vs player, player vs game and direct betting.
$MK investors will also have the opportunity to accrue passive income through the meme coin’s staking program. The Meme Kombat staking pool is currently offering an APY of 216%, which is significantly higher than the industry standard.
Furthermore, the project has taken strong steps to offer transparency and security to investors. For instance, the identity of all team members behind the token has been revealed, quelling fears of scams or rug pulls. Furthermore, the $MK smart contract has been audited by Coinsult – read the audit at memekombat.io.
Wall Street Memes ($WSM)
Wall Street Memes is another popular token that saw remarkable success in 2023, garnering a market capitalization north of $80 million at its all-time high.
The project’s biggest strength is its global community support, thanks to its roots within the legendary Wall Street Bets Reddit community. The Wall Street Memes group has a social media following of over 1.1 million, with even Elon Musk a fan of its edgy finance-related memes.
Thanks to this community backing, $WSM secured coveted listings on just about every top crypto exchange, excluding only Binance and Coinbase. Exchanges such as KuCoin, LBANK and MEXC all listed the meme coin on their platforms.
The developer team behind the project also has an impressive reputation in the crypto space, owing to the success of their previous projects. For instance, the Wall St Bets NFT collection sold out in just 32 minutes, netting a cool $2.5 million in profits.
Recently, the Wall Street Memes project also launched their own Telegram-based casino – the Wall ST Memes Casino – which is accessible through $WSM. The casino offers access to thousands of games and sports books, including the NFL, NBA, Premier League, etc. Players currently signing up to the WSM Casino are also receiving a 200% signing bonus.
As a result of these exciting attributes, there is a significant possibility that WSM could be listed on Binance next year.
Snek is a Cardano-based meme coin, which has generated explosive returns since its launch back in May of this year. $SNEK reached an all-time high market capitalization of $160 million and despite a bit of correction since, still has a valuation of over $113 million, which makes it the 10th largest meme coin in the market.
Since its launch, the Snek meme coin is currently up 900%, making it one of the best tokens of 2023.
The self-styled “chillest meme coin” uses a deflationary mechanism to boost its value, with over a billion tokens already burned. More importantly, the project is launching a number of features, such as a Snek game, Snek exchange and Snek Raffles, which will only give a boost to the token’s price.
Snek is the largest token on Cardano in terms of trading volume. Consequently, with ADA expected to explode in 2024, $SNEK is also offering excellent price potential.
Milady Meme Coin ($LADYS)
The Milady Meme Coin is based on the popular Milady NFT collection. The token gained immense popularity earlier in the year, when Tesla and Twitter owner Elon Musk shared a Milady meme on his Twitter, leading to a 10,000% bull rally.
$LADYS breached a market capitalization of over $100 million twice this year, first in May and then again in December. Despite a strong correction over the past week, $LADYS is up 152% over the past month.
The bullish impact of Elon Musk is quite strong in the meme coin market, as witnessed by Dogecoin. If Musk continues to back $LADYS, it could quickly be listed on Binance.
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