The Crypto Market Surges as Meme Coins Gain Massive Attention

The crypto market surges as meme coins gain massive attention, with their market value reaching a record $120 billion, surpassing 2021's peak.

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Meme coins have surged massively in 2024, attracting attention and driving the total market cap of meme coins to a record $120 billion, surpassing the peak reached in 2021. As Bitcoin hovers near its all-time high, the potential for a large altcoin and meme coin rally appears imminent.

With trends pointing toward increased market activity and robust trading volumes, this could be a prime opportunity for investors seeking to capitalize on emerging projects and strategic plays in the meme coin sector.

Here's a look at some high-potential meme coins to buy in 2024, according to InvestAnswers.

۱٫ Brett (Based) (BRETT)

Brett (Based) is gaining significant traction as a standout meme coin on the Base Chain, which itself has shown exponential growth in recent weeks. Base Chain, a layer-2 blockchain associated with Coinbase, has seen its total value locked (TVL) climb to $3.4 billion, reflecting increasing adoption and a robust ecosystem.

Brett (Based) capitalizes on this momentum, showcasing impressive resilience in the market despite broader corrections affecting other meme coins. Its current market cap stands at $1.62 billion, with its all-time high nearing $1.9 billion.

Notably, $BRETT has not yet been listed on major exchanges like Coinbase or Binance. The potential for such listings could act as a catalyst, driving its market cap into the $3–5 billion range.

Additionally, $BRETT’s deflationary tokenomics with over 700K holders underscore its long-term appeal. While other meme coins have experienced significant downturns, Brett (Based) remains relatively stable, consolidating during market dips and maintaining steady growth.

Its unique position within the Base Chain ecosystem and strong community backing make it a compelling option for those exploring high-potential meme coins.

Check out the video above for the full list of high-potential meme coins to buy and subscribe to his YouTube channel.

۲٫ Peanut the Squirrel (PNUT)

Peanut the Squirrel, a meme coin that experienced a significant rise and fall in its market trajectory. In mid-November, it surged to parabolic highs, reaching a peak market cap of $2.4 billion and hitting an all-time high of $2.47.

However, it has since faced a dramatic correction, plummeting by approximately 70%, now trading at $1.10. Despite this decline, $PNUT remains active with a strong online presence, including 50K followers and ongoing efforts to engage with major exchanges.

It has transitioned through the emotional ‘euphoria’ and ‘thrill’ stages of market psychology, signaling the need for caution among potential investors.

$PNUT’s trajectory highlights the importance of timing in the meme coin market—early accumulation during downtrends could yield returns if the asset regains momentum, although risks remain high. Investors might look to capitalize on short-term rebounds while remaining cautious about long-term positions.

۳٫ Catslap (SLAP)

Catslap is an ERC-20 token marketed as a highly aggressive and playful feline-themed meme coin. It is designed to offer users both entertainment and potential profit, with its ‘slap-to-earn’ concept allowing users to figuratively slap Pepe in the face.

With its launch on November 21st, $SLAP reached a peak price two days later, and currently holds a market cap of around $10 million, with liquidity of $3.6 million. This liquidity level is considered favorable for traders looking for movement within the coin. View $SLAP token on DEXTools.io here.

While the price has since corrected by about 60% from its peak, early holders remain profitable. Despite the playful nature of the token, the idea behind Catslap is to attract individuals who want to step away from traditional crypto like Bitcoin and Ethereum and engage with something more whimsical.

Yesterday, as they celebrated hitting the impressive milestone of 10 million slaps, they also burned a massive 10 million tokens, further impacting the token supply.

We came, we slapped, we burnedhttps://t.co/Jh0FlVwb7N pic.twitter.com/mDY1zk2hP3

— CatSlap (@CatSlapToken) November 28, 2024

The coin’s supply is set at 9 billion, a modest number compared to other meme coins which often have trillions of tokens. This relatively lower supply gives Catslap the potential for higher value if the project gains traction and builds a strong community.

The project also plans to reward users with tokens as they continue to ‘slap’ – an ongoing development in the project’s roadmap. Metrics like a 99 score on DEXTools and a consistent buy-sell ratio suggest ongoing