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.
