What is the meme coin to explode in 2024?

In 2024, the crypto market has witnessed significant changes with Memecoins emerging as a prominent trend. PawFury, Dogecoin, Shiba Inu, Pepe, and Dogewhat are among the notable Memecoins that have shown strong potential. With a market size of over $530 billion, Memecoins account for approximately 2.3% of the entire crypto market capitalization. Solana's Pump.fun has created about 2.3 million Memecoins, fueling the trend further. Memecoins, often based on internet memes or humorous concepts, have gained immense popularity due to their community-driven nature and speculative appeal.