Memecoins have experienced incredible growth over the last year. New memecoins have not only entered the market but have displayed stellar performance. Many have even outperformed mainstream cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
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Why Have Memecoins Surged In The Last Year?
Memecoins are among the most volatile assets in the cryptocurrency market. They are prone to price fluctuations and often see massive ups and downs.
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Market participants went big on meme cryptocurrencies over the last year. Many bet on the assetsâ prices to skyrocket. Shiba Inu (SHIB) had an amazing run in 2021, rallying by many million percent. Investors poured money into new meme projects, likely hoping for a similar return.
That said, letâs look at three memecoins that could surge in December 2024.
Top 3 Meme Cryptocurrencies To Watch In December 2024
1. Pepe (PEPE):
PEPE is one of the best-performing cryptocurrencies of the last year. The assetâs price has skyrocketed since its launch in April 2023. PEPE has also climbed into the top 25 projects by market cap.
According to CoinCodex, the frog-themed cryptocurrency could hit a new all-time high of $0.00006134 on Dec. 25, 2024.
Source: CoinCodex
2. Dogwifhat (WIF):
WIF is another Solana-based meme cryptocurrency that has displayed stellar growth this year. The asset is inching closer to entering the top 50 projects by market cap.
According to CoinCodex, WIF could breach the $10 mark next month. The platform anticipates the memecoin to hit a new peak of $10.40 on Dec. 25, 2024.
Source: CoinCodex
3. Popcat (POPCAT):
POPCAT took the cryptocurrency community by storm earlier this year. The asset quickly climbed the charts and is currently the 93rd-largest project by market cap.
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The cat-motifed cryptocurrency is expected to breach the $4 mark in December 2024. According to CoinCodex, POPCAT could hit a new high of $4.26 on Dec. 25, 2024.
Source: CoinCodex
