the new protagonists of the memecoin market

If there’s one thing the memecoin market lacks, it’s stability. In addition to greater price volatility, names that were once attention leaders tend to lose visibility more quickly, being replaced by others.

At the beginning of 2024, for example, BONK and PEPE were emerging as the main memecoins in investors’ portfolios. However, as new presales emerged, they quickly gained the market’s attention. One of them is MOG, a recently launched memecoin that rose 100% in the last few hours.

Additionally, BONK has lost ground among Solana memecoins and a new memecoin has emerged: Dogwifhat (WIF). Launched in late 2023, WIF has gained over 100,000% in value in the first four months of this year alone and is already the largest among Solana memecoins.

So, now see what are the biggest promises of memecoins for the second half of the year.

WIF

The largest of Solana’s memecoins, WIF has built an engaged community that has propelled it to the fourth-largest memecoin in the market. Inspired by a meme of a dog wearing a beanie, WIF has no practical utility, but has seen its price increase nearly 300-fold since its launch.

Now, memecoin users are rallying around an active community that is doing everything it can to drive the memecoin’s price up. And as the fourth largest in the market, it is one of the main candidates to record strong appreciation in the next bullish rally.

MOG

This cat memecoin is not just another memecoin, it’s a “total revolution” in the world of cryptocurrencies! This speech has had quite an effect, as the price of MOG has shot up by more than 50% in the last 24 hours alone.

With a market cap of $700 million, MOG has surpassed other famous memecoins – such as Book of Meme (BOME) – and entered the list of the 100 largest cryptocurrencies. This has brought the memecoin even closer to its mission of “dominating the internet with the most hilarious and mind-blowing memes you’ve ever seen.”

Pepe Unchained

Unlike Pepecoin (PEPE), Pepe Unchained (PEPU) has a home to call its own. This memecoin relies on a layer-2 network that operates on over six different blockchains, including Ethereum and Solana.

Along with this new development, Pepe Unchained reinforces the current trend of memecoins operating on multiple networks, giving investors the freedom to choose their preferred blockchain. But the network will also combat the high fees charged for sending and receiving tokens by providing lower costs for those who want to create their memecoins using the network.

In short, Pepe Unchained acts as a fast lane built alongside other blockchains, allowing memecoins to have a faster and cheaper option. This has already led to the memecoin’s pre-sale breaking records and surpassing $1 million in just a few days.

BONK

BONK is WIF’s main competitor and was once the largest memecoin on Solana, but now ranks second. Even so, it is thanks to BONK that Solana has become the leading memecoin launch network in 2024.

Like WIF, it has no practical use and is based on a dog meme, created in 2023 as a token given away for free to owners of Solana’s Saga smartphone. The memecoin’s success was so great that it caused Saga models to skyrocket in price, with some people paying more than US$1,000 to have the device and receive their BONK.

PlayDoge

Among the memecoin presales currently open, PlayDoge is one of the most promising and successful. With over $5 million raised, the memecoin aims to combine the modern with the new, offering a game model that allows you to earn tokens via your cell phone.

The developers have created an ecosystem that integrates games and rewards, providing an interactive experience for users. In terms of gameplay, PlayDoge is reminiscent of the Tamagotchi game, a popular game in the 1990s, in which the player must take care of a dog named PlayDoge by giving him food, water, rest and activities.

On the other hand, each of these activities yields PLAY tokens, which users can exchange or sell. In this way, the game creates a complete ecosystem of activities that allows for exponential earnings. And because it is in pre-sale, the project’s chances of having a strong rise are even greater.