Ever since Bitcoin hit the market for the first time, the crypto industry has made huge progress. But 2024 has brought something wild to the market – meme coins. These tokens, tied to internet jokes, such as Dogecoin and Shiba Inu have existed before, but this year has brought the biggest upswing to them.
Right now, the meme coin market is worth billions, with many industry specialists suggesting they’re just gearing up for what’s next!
Meme coins are trending altcoins inspired by internet trends and memes, often starting as just jokes but can gain some real value through the hype on social media and the internet.
Like most assets in the crypto industry, certain meme coins are following the leading asset, but with much bigger gains in the game. While Bitcoin exploded over 125% in just 2024, coins like Dogwifhat and Pepe shot up 1,300% and 1200% in the same timeframe.
Maybe their biggest advantage is that they’re so cheap to buy – often just fractions of a cent. That lets everyday people grab a whole bunch without breaking the bank.
Among all these meme coins, Memebet Token ($MEMEBET) is trying to change the gambling industry in 2024. Memebet is an innovative ICO, offering a new platform where traders can bet using meme coins on all sorts of sports, slots, and games, and it’s the first one to make it.
The ICO has built momentum from the beginning, surpassing the $500,000 milestone in just a matter of weeks. There are 1.4 billion tokens on the table, with an additional 400 million for casino perks. Investors can choose how they want to purchase their tokens, by using some popular assets, or a bank card.
Knowledgeable crypto expert Alex Popa thinks it’s an innovative model that has the potential to become the next crypto sensation. While big whales have already spotted the coin, early investors are exploring how to buy Memebet while the prices are still reasonable.
The plan is to build a platform offering various casino games, slots, and sports betting, enabling users to play and earn $MEMEBET tokens – an online casino for degen gamers. Over $360K was raised in the initial weeks of the presale. With 1.4 billion tokens available, and an additional 400 million for casino perks, this is hot stuff on the crypto market. Those tokens are available through both crypto purchases and bank card transactions.
The wider meme industry is surging once again and for several reasons. Big institutions are getting back into crypto, causing a big market rally. Meme coins have taken this trend to the extreme, reaching new milestones and bringing unbelievable profits to early investors.
Social media, especially X and Reddit keep posting about these coins, and while young investors love the humor and the excitement of investing, the industry keeps expanding to the unseen boundaries.
Celebrities are involved in the whole story. Elon Musk proved the importance of that aspect with his tweets about Dogecoin that have sent its price on wild rides more than once.
What’s really interesting about the meme industry is that’s unlike anything else in crypto. Their prices don’t move based on tech advancements or traditional market stuff but on viral trends and community hype. It’s looking a bit silly, but it’s actually a great investment opportunity for anyone who gets internet culture and follows social media trends.
The low entry cost is another big thing, as you can buy your tokens without needing a ton of cash, which opens the door for all kinds of investors. As these coins gain traction, their value can shoot up fast, offering big potential gains for those with good timing and patience.
Meme coins are one of the wildest trends in the crypto industry right now. While still growing, new presale projects such as Memebet show that the whole sector could become much more than just an internet joke. Since many seasoned investors have turned to these kinds of investments, industry experts are predicting an even more explosive future ahead of them.
