Underrated Meme Coins with Millionaire Potential in 2024
The meme coin market has shown tremendous potential recently, giving investors a sneak peek into what’s possible in the next bull run. With Bitcoin’s recovery pushing it to $60,000, the meme coin segment briefly hit a market cap of $40 billion. Currently, the segment stands at $37.69 billion, with top coins such as DOGE (down 4%) and SHIB (down 3.66%) facing bearish pressure. However, some low-cap coins are revealing promising signs amid the pullback. Below are a few underrated meme coins that could turn early investors into millionaires.
Ponke (PONKE)
Ponke has emerged as a strong contender in the meme coin market, boasting a market cap of $138 million. Trading at $0.2494, Ponke has shown a remarkable YTD growth of 2,125%. Although it’s currently down from its all-time high of $0.71578, Ponke’s price is now at a 65% discount, making it an appealing buy for those looking to ride the next bull wave. With momentum building, some analysts predict Ponke could surge to $1.00, which could be life-changing for early adopters.
- Market Cap: $138 million
- Current Price: $0.2494
- YTD Growth: 2,125%
- All-Time High: $0.71578
- Predicted Upside Target: $1.00
WHY (WHY)
The WHY token has a market cap of $112 million and is currently trading at $0.000002683, showing a 2.63% rise in the past seven days. The token is battling a long-standing sideways trend with an overhead resistance at $0.0000030. While a V-shaped recovery is underway, the Fibonacci retracement levels indicate that the next target prices for WHY are $0.0000035 and $0.000004432.
- Market Cap: $112 million
- Current Price: $0.000002683
- Resistance Levels: $0.0000030, $0.0000035, $0.000004432
Non-Playable Coin (NPC)
Non-Playable Coin (NPC) has been gaining attention as another promising meme coin, with a market cap of $106.51 million. Currently trading at $0.01469, the NPC token is going through a pullback phase. From its 52-week high of $0.035, NPC is now trading at a 57% discount. Using trend-based Fibonacci levels, NPC’s upside targets are estimated at $0.052 and $0.077.
- Market Cap: $106.51 million
- Current Price: $0.01469
- All-Time High: $0.035
- Predicted Upside Target: $0.052, $0.077
Conclusion
While the meme coin market is notoriously volatile, these lesser-known coins, such as Ponke, WHY, and NPC, offer substantial upside potential. As the market stabilizes and heads into the next bull cycle, these could be the coins that create a new generation of crypto millionaires.
For those curious about the future of more established meme coins like Shiba Inu (SHIB), you can find a detailed 2024 price prediction at Crypto Data Space’s SHIB forecast.
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