Forbes Releases 10 Best Cryptocurrencies in 2024, Number 1 and 2 are Meme Coins!

Bittime - Forbes recently released a list of the 10 best performing cryptocurrencies in the first half of 2024. In the list, several meme coins showed extraordinary increases.

Forbes Releases 10 Best Cryptocurrencies in 20204

The following is a list of the 10 best performing cryptocurrencies in the first half of 2024 released by Forbes.

1. Dogwifhat (WIF): Increased by 1,306%, with market capitalization reaching $2.1 billion.

2. Pepper (PEPPER): Increased by 815%, with a market cap of $5 billion.

3. Artificial Superintelligence Alliance (ASI): Increased by 545%, with a market cap of $3.6 billion.

4. Floki (FLOKI): Increased by 392%, with a market cap of $1.6 billion.

5. JasmyCoin (JASMY): Increased by 343%, with a market cap of $1.4 billion.

6. Arweave (AR): Increased by 188%, with a market cap of $1.8 billion.

7. Core (CORE): Increased by 152%, with a market cap of $1.2 billion.

8. Toncoin (TON): Increased by 135%, with a market cap of $18.8 billion.

9. Bitget (BGB): Increased by 100%, with a market cap of $1.6 billion.

10. Bonk (BONK): Increased by 90%, with a market cap of $1.5 billion.

Meme Coin Increases Rapidly in First Half of 2024

DOf the 10 best performing cryptocurrencies in the first half of 2024 above, some of them are meme coins. 

With the incredible performance of meme coins, such as Dogwifhat and Pepe, it is clear that meme coins are still a big draw for many investors. 

However, it is important for investors to remain vigilant and aware of the high risks associated with investing in meme coins. High volatility and lack of practical use make meme coins a highly speculative investment.

Meme Coin is Speculative

Meme coins are cryptocurrencies that are usually inspired by viral internet jokes. Meme coin prices tend to be very volatile, even more so than other cryptocurrencies. 

In contrast to Bitcoin, which is considered a modern alternative to gold due to its ability to store value, meme coins often have no practical function other than as a speculative investment.  

Crypto and Stock Market are Often Influeced by Social Media

Meme coin investing is not a phenomenon exclusive to the crypto world. The stock market has also seen an increase in social media-driven trading, as has happened with shares of companies like GameStop and AMC. 

Analysis from James Royal, an analyst at BankRate, warns that meme coins may capture the public's attention today, but they could be gone tomorrow. 

If demand dwindles, meme coin investors could be left with a worthless digital asset and an interesting story.

In the face of this trend, investors are advised to conduct in-depth research and consider diversifying their portfolio. 

Meme coins may offer huge profit potential, but they also carry significant risks.  

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way through Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor graphic movement price Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.