Best and worst meme coins of 2024

Ah, meme coins — those whimsical, volatile, and often utterly perplexing assets that can either make you a crypto king or leave you wishing you’d stuck to regular dogecoin. Q1 2024 has been no different, with a blend of meteoric rises and spectacular falls. Buckle up because here’s a rundown of the most surprising and disappointing meme coins of the first quarter.

The surprising stars

Notcoin (NOT)

Who could have predicted that Notcoin, the self-proclaimed “coin that does nothing,” would surge to stardom? Initially dismissed as a joke, NOT has defied expectations, gaining traction due to its ironic stance and the community's tongue-in-cheek support. It turns out doing nothing was just the right amount of something for investors looking for a quirky addition to their portfolios.

Brett (BRETT)

Named after the viral internet sensation, Brett has managed to capture the hearts (and wallets) of many. Its meteoric rise can be attributed to a combination of clever marketing, an enthusiastic community, and timely social media buzz. Brett’s success highlights the power of internet culture in driving crypto trends, showing that even the most unexpected names can hit big.

Baby Doge Coin (BABYDOGE)

Baby Doge Coin, inspired by its famous predecessor, continues to delight its holders. Despite increasing competition from newer meme coins, Baby Doge Coin maintains its appeal thanks to a strong community and ongoing promotional efforts. The coin demonstrates stability and remains popular among investors who appreciate its fun spirit and dedication to its original mission.

Popcat (POPCAT)

Riding the wave of the popular clicking game, Popcat has clawed its way to the top of the meme coin charts. The coin’s success lies in its engaging community challenges and playful nature, turning every Popcat investor into a part of a larger game. This sense of involvement has pushed Popcat’s value higher, making it one of the quarter’s standout performers.

The disappointments

GameStop (GME)

Despite its legendary status in the stock market meme saga, GameStop’s crypto venture has failed to capture the same magic. The GME coin’s performance has been lackluster, leaving many investors disappointed. The initial hype quickly fizzled, proving that not all meme legends can transition smoothly into the crypto world.

WSB Coin (WSB)

WallStreetBets, the infamous Reddit community, decided to jump into the meme coin frenzy with WSB Coin. However, the coin has not lived up to the hype. Plagued by controversies and a lack of clear direction, WSB Coin has struggled to maintain investor interest, resulting in a steep decline in value.

MonaCoin (MONA)

Despite being an old-timer in the meme coin world, MonaCoin has struggled to maintain its relevance this quarter. Japan’s favorite meme coin has faced declining interest, both domestically and internationally. The initial resurgence in popularity was short-lived, and the coin's lack of innovation and dwindling community support have led to a disappointing performance in Q1 2024.

SafeMoon (SAFEMOON)

SafeMoon, a name that once promised exponential gains and a community-driven revolution, has faced a harsh reality check. Issues with liquidity, security concerns, and unmet promises have led to a sharp decline in investor confidence. SafeMoon’s fall from grace serves as a cautionary tale for those chasing the next big meme coin without proper due diligence.

Bottom line

Q1 2024 has been a rollercoaster ride for meme coins, with some unexpected stars shining brightly while others faltered. The success stories of Notcoin, Brett, Popcat, and MonaCoin remind us of the unpredictability and excitement of the crypto space. Conversely, the disappointments of GameStop, WSB Coin, Baby Doge Coin, and SafeMoon highlight the risks involved. As we move forward, it will be fascinating to see how these trends evolve and which meme coins will capture our attention next.