Dogecoin’s Tesla Integration, Pepe’s Monster Gains, Shiba Inu Drops A Zero: The 2024 Meme Coin Year In Review

The global meme coin market capitalization currently stands at over $100 billion, making meme coins one of the biggest sectors in the market. Benzinga takes a retrospective view of the “meme coin supercycle” year 2024.

What Happened: 2024 has seen meme coins diversify beyond dog-themed favorites, such as Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB), but also other favorite popular animals, such as Pepe (CRYPTO: PEPE).

Tesla began accepting Dogecoin payments, expanding the meme coin’s utility.

Shiba Inu saw significant gains, shedding a zero from its price.

Still, Pepe outperformed them all, emerging as the top gainer among the leading meme coins.

New launches did not disappoint though — cat-themed coin

Full story available on Benzinga.com