Shiba Inu (SHIB) is one of the most popular meme coins in both the cryptocurrency and mainstream world.
It is the second largest meme coin by market capitalization, only behind the beloved Dogecoin (DOGE). As this segment of the market continues to expand with an influx of never-ending entrants, it is worth looking at some of the more well-known alternatives to SHIB.
This task is challenging because the meme coin market is filled with hundreds of tokens that may have no purpose outside of entertainment/speculation. However, some of them have a strong user base or plan to become a hub for Web3 projects, giving meme coins a level of utility for users and merchants in decentralized applications (dApps).
We've rounded up the most popular meme coins for 2024 based on several factors, such as roadmaps, utility, or simply the sheer strength of their communities.
Best SHIB Alternatives for 2024
Please note that this article is not intended to provide financial advice. Investing in cryptocurrencies, especially meme coins, carries potential risks due to their inherent volatility. Always do your own research and consult a professional before investing your own money. Investing in cryptocurrencies carries substantial risks of financial loss.
Dog hat (WIF)
WIF is the first dog-themed Solana meme coin. It caught the attention of altcoin traders and fueled the meme coin narrative on Solana.
As its name suggests, the coin depicts a dog wearing a pink hat. It has a simple token economy and its value, like that of other internet-inspired meme coins, is driven by its community and large fan base.
Its success inspired similar meme coins on Solana.
WIF is of no use. Your website describe like “just a dog in a hat.” That hasn't stopped traders from driving its price to new heights and making it one of the best-performing meme coins in 2024.
Despite its lack of usefulness, WIF has a solid user base. Even token holders launched a funding campaign to have the dogwifhat icon at Sphere, a popular entertainment arena in Las Vegas.
Key features and facts about WIF (as of March 2024):
Utility: no clear usefulness. No roadmap, no recording mechanism and no DeFi. It is purely for entertainment.
Tokenomics:
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- Maximum offer: 998 million
- Total offer: 998 million
- Circulating supply: 998 million
- Market capitalization: $2.6 billion
Bonk (BONK)
Bonk (BONK) is a popular meme coin inspired by Dogecoin. He also adopts a Shiba Inu as a pet and icon.
Unlike other meme coins, BONK took a community-focused approach during its launch in December 2022 rather than opting for an initial coin offering (ICO) or pre-sale. It distributed 50% of its total supply via airdrop to active members of the Solana community, rewarding those who contributed to the network's expansion.
Key Features and Facts about BONK
Utility: according to the project White paperBONK aims to integrate into all dApps on Solana and serve as an incentive for user participation, becoming the reference meme currency on the network.
Community-centered approach– No pre-sale – Distributed via airdrop to members of the Solana community.
BONK Tokenomics (as of March 2024):
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- Maximum offer: 93.52 billion
- Circulating supply: 65.82 billion
- Market capitalization: $1.69 billion
FLOKI
FLOKI is the utility token of the Floki ecosystem. It was built on the ethereum blockchain but is also BEP-20 compliant. This means that users can exchange FLOKI tokens at a 1:1 ratio on the eth-BSC bridge.
FLOKI describes itself as “The People's crypto“, highlighting its vision as a movement dedicated to the Web3 space and more than just a dog-themed currency.
Unlike other meme coins, FLOKI places emphasis on becoming a hub for web3 enthusiasts.
FLOKI has several main projects that provide practical applications for the FLOKI token: Valhalla for the gaming metaverse, FlokiFi for decentralized finance, FlokiPlaces for NFTs and merchandise, and Floki University for education, and more.
Key features and facts about FLOKI:
Utility– main currency and incentive for the Floki ecosystem and projects
Tokenomics (as of March 2024):
- Maximum supply: 10 billion
- Total supply: 10 billion
- Circulating supply: 9.7 trillion
- Market capitalization $2.4 billion
Pepper (PEPPER)
PEPE is a meme coin based on ethereum. Like Dogecoin, it is inspired by one of the oldest memes on the Internet: Pepe the Frog.
Launched in April 2023, it quickly gained traction and reached the top 100 cryptocurrency ranking within two weeks. However, PEPE has no intrinsic value and serves no purpose other than speculation, making it one of the most volatile cryptocurrencies on the market.
It is mainly driven by its online community and meme culture. Furthermore, despite its anonymous founder, PEPE is one of the most active projects on social networks, with almost 650,000 followers on X (formerly Twitter).
As of March 2023, PEPE is ranked third in the meme coin rankings, with a market capitalization of over $3.5 billion.
Key features and data about PEPE (as of March 2024):
Utility: no utility, no clear roadmap and no formal team. The projects website It explicitly states that PEPE's focus is primarily on entertainment and capitalization of the meme coin market.
Tokenomics:
- Total supply: 420 billion
- Maximum supply: 420 billion
- Circulating supply: 420 billion
- Market cover. 3.5 billion dollars
Dogecoin (DOGE)
The list would not be complete without the father of all meme currencies: DOGE. Launched in 2013 as a satirical joke about cryptocurrencies, DOGE has amassed a large following and endorsements from celebrities such as Elon Musk.
While other meme coins have seen more explosive action in the first three months of 2024, DOGE remains the largest meme coin by a large market capitalization: more than $25 billion.
DOGE peaked in May 2021, reaching a market cap of over $85 billion at an all-time high of $0.75. That means DOGE still has a lot of room to grow. It is currently the largest meme coin in terms of popularity, with over three million followers on X.
Key Features and Facts about DOGE:
Utility: no use, no roadmap.
Tokenomics:
- No maximum supply
- Total supply: 143 billion
- Circulating supply: 143 billion
- Market capitalization: $25.6 billion
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