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Cryptocurrency News Articles

Dogecoin, Shiba Inu Absent From 2024's Top-Performing Meme Coins: Here's Who Made the Cut

Dec 25, 2024 at 12:35 am

According to widely-followed crypto influencer ‘artchick,’ Dogecoin DOGE/USD and Shiba Inu SHIB/USD will not be the main meme coin beneficiaries of a rally.

Dogecoin, Shiba Inu Absent From 2024's Top-Performing Meme Coins: Here's Who Made the Cut

Renowned crypto influencer ‘artchick’ has shared her bold predictions for the top-performing meme coins in 2024, with Dogecoin (DOGE) and Shiba Inu (SHIB) notably absent from her list.

Her surprising forecast is based on the assumption that Bitcoin (BTC) will continue to lead the rally, while Ethereum (ETH) and Solana (SOL) will outperform other cryptocurrencies.

According to the influencer, the top five meme coins to watch for a potential trillion-dollar rally are:

Pepe (PEPE) with a $1 trillion price target

Mog (MOG) at $200 billion

Popcat (POPCAT) and Bonk (BONK) at $25 billion each

Among the newer entries, Goatseus Maximus (GOAT) and Fartcoin (FC) also made it to the list.

Artchick also included Dogwifhat (WIF) in her top picks, aiming for a $25 billion price target.

She noted that while these valuations may seem outlandish at present, crypto is no longer adhering to “normal cycles.”

“We're nearing escape velocity,” she added, highlighting that the market dynamics are rapidly evolving.

While ETH and SOL may face challenges due to inflation and execution risks, respectively, the meme coins that are traded on these chains are inherently different, according to the influencer.

She described these meme coins as “pure, antifragile digital assets.”

The influencer’s projections indicate that by late 2025, these meme coins will be among the most sought-after and resilient asset classes ever created.

Artchick also pointed out that meme coin investing requires careful attention to position sizing to withstand the high volatility and sharp drawdowns that characterize this market segment.

“If you're overexposed, you're not going to make it,” she warned.

“Volatility and shakouts strengthen these memes. See you at the top.”

Her analysis suggests that meme coins could emerge as one of the most resilient and sought-after digital asset classes by 2025.

News source:www.benzinga.com

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