Meme coins have created a lot of excitement since they entered the crypto market. These digital currencies are mostly for fun and don’t have the practical uses that other cryptocurrencies have. They are heavily influenced by public opinion, including celebrity endorsem*nts and social media trends.
In the crypto market, meme coins are gaining attention. To help you make an informed decision on which meme coins to buy in 2024, identified 10 meme coins worth considering for investment. Each one has the potential to offer good returns.
List of 10 Best Meme Coins to Buy in 2024
- Dogecoin: It is the largest meme coin by market capitalization.
- Shiba Inu: This is a popular meme coin with a high stability in the market.
- Pepe Coin: Pepe coin was inspired by Pepe the Frog meme.
- Floki Inu: It was inspired by the dog’s name owned by the tech giant Elon Musk.
- Bonk: BONK is a dog-themed meme coin made on Solana,
- Book of Meme: It is a meme coin that came in the limelight due to a unique method for achieving popularity.
- Meme Kombat: Meme Kombat (MK) combines gaming with cryptocurrency.
- DogeWifHat: Dogwifhat is one other type of popularly recognized meme coin distinguishing itself within an overcrowded field with its funny concept.
- Myro: Allows different blockchains to work together.
- Brett: BRETT is one of the top ten meme coins based on the Base blockchain. It borrows from Brett, a character from the Boy’s Club comic book series.
Best Meme Coins To Buy in 2024
Dogecoin (DOGE)
- Current price: $0.1222
- Market Cap: $17.74Billion
- Circulating Supply: 145.07Billion
- Total Supply: 145.14Billion
Dogecoin was launched in 2013 as a joke, but grew spontaneously to become the most popular meme coin in the world.
The coin is used in tipping online content creators as a way of appreciating them for their digital artwork. Dogecoin is also used in charity events and fundraisers.
Pros
- Dogecoin has a large active community that makes it popular and easier adapted .
- Dogecoin is associated with influential celebrity Elon Musk.
- It has low transaction costs making it convenient for tipping and payments.
Cons
- Dogecoin is volatile and experiences extreme price fluctuations within short periods of time.
- The coin has no real-world utility.
- Dogecoin heavily depends on social media trends and celebrity endorsem*nts to stay relevant. For example, the meme coin is known to react significantly to tweets from Elon Musk.
Shiba Inu (SHIB)
- Current price: $0.00001916
- Market Cap: $11.23Billion
- Circulating Supply: 589.26Trillion
- Total Supply: 999.98Trillion
SHIB is the second largest meme coin by market capitalization after Dogecoin. Based on the Ethereum blockchain, SHIB features a mascot inspired by the Japanese Shiba Inu dog breed.
Shiba Inu was launched in 2020 to compete with Dogecoin, and is often referred to as the “Dogecoin Killer”.
Pros
- It has the potential for high growth potentially offering attractive returns.
- SHIB has a large and active community of members known as the “ShibArmy,”.
- SHIB’s low price makes it easy for newbies looking to join the crypto market.
Cons
- Shiba Inu is driven by speculative trading and social media trends, making it extremely volatile.
- Shiba Inu has no real-world value. Moreso, its utility in the crypto market is little, limiting adoption.
- Shiba Inu’s success heavily relies on market sentiment and community engagement, making it highly volatile.
Pepe Coin (PEPE)
- Current Price: $0.0000119
- Market Cap: $4.99 Billion
- Circulating Supply: 420.69Trillion
- Total Supply: 420.69Trillion
PEPE coin is an Ethereum-based meme coin inspired by the popular internet meme “Pepe the Frog”.
One of the most appealing features of this coin is its no-tax policy, which lets users interact without any extra costs. Additionally, the coin uses a burning mechanism to destroy coins and maintain scarcity.
The project’s official website is the main hub for its community, where members can find exclusive digital collectibles, including rare memes and digital artwork.
The ticker of this project goes with the name PEPE and crypto traders can trade these coins on various platforms including Binance.
Pros
- PEPE has a no-tax policy, a burning mechanism, and long-term holders are rewarded.
- The participation increases due to exclusive digital collectibles and artwork and results in active community support.
- The meme coin is listed on major crypto exchanges like Binance, with real-time pricing updates.
Cons
- PEPE is driven by speculative trading, making it susceptible to sudden price fluctuations.
- Faces uncertainties in regulatory environments that could impact market accessibility.
- The long-term success of the coin depends on community interest and engagement.
Floki Inu (FLOKI)
- Current price: $0.000188
- Market Cap:$1.82Billion
- Total Value Locked (TVL): $25.99Million
- Circulating Supply: 9.69Trillion
- Total Supply: 10Trillion
Floki Inu (FLOKI) is one of the most versatile meme coins in the market, also inspired by the Shiba Inu dog meme.
Iinfluenced by Elon Musk and named after his dog, Floki, the meme coin was created by anonymous developers who are avid fans of the Shiba Inu community.
Since launch, Floki Inu emerged to be one of the most popular dog-themed coins in the crypto market.
Floki Inu operates on both the Ethereum and the Binance Smart Chain (BSC) blockchains. The coin has a large community of supporters known as the “Floki Vikings.”
Pros
- Floki Inu is one of the most popular memes coins in the crypto market. This boosts its visibility and attracts investors.
- The meme coin operates on two major blockchains; Ethereum and BSC, allowing seamless transactions between the two.
- Floki Inu is backed by a strong community of supporters known as the Floki Vikings, which is essential for the meme coin’s long term success.
Cons
- The developers behind Floki Inu are anonymous and this raises concerns among investors about the transparency and reliability of the project.
- Like all meme coins, Floki Inu is subject to extreme price variations because it relies on social media hype.
- The project’s success heavily depends on maintaining community interest and hype. If the developers struggle with this, the coin will lose momentum.
Bonk (BONK)
- Current price: $0.00002798
- Market Cap:$1.95Billion
- Circulating Supply:69.39Trillion
- Total Supply:93.53Trillion
BONK is another dog themed meme coin. Based on Solana, it brings together DeFi platforms, gaming projects, developers, and exchanges.
BONK has grown significantly since its initial airdrop phase. Those who received free coins during the airdrop reaped profits worth millions in crypto.
BONK is listed on major exchanges including Coinbase and Binance. The project aims to be the “community coin of Solana,” that will be used across various decentralized applications (dApps).
Pros
- BONK is available for trading on popular crypto exchanges like Coinbase, Binance, and KuCoin, making it convenient for trade.
- BONK is based on Solana, which is quickly being preferred to Ethereum due to its low costs and speedy transactions. Moreover, since Solana allows development of DeFi projects, BONK becomes a connector to the projects including dApps, thereby increasing its utility.
- BONK has an impressive price surge reflecting strong market performance and increasing interest from investors.
Cons
- BONK is highly volatile and prone to extreme price fluctuations within short periods of time.
- The meme coin faces regulatory uncertainty, which could affect its operations and adoption.
Book of Meme (BOME)
- Current price: $0.009023
- Market Cap:$623.49Million
- Circulating Supply: 68.99Billion
- Total Supply:68.99Billion
Book of Meme (BOME) is a meme project that aims to preserve meme culture on the Blockchain. It specially combines elements of Web3 culture, meme preservation, and decentralized finance.
BOME is a complete ecosystem created to celebrate and preserve meme culture. Its features include a digital book of memes with metadata linked to the BOME token, and stored across blockchains and decentralized platforms like IPFS, ARWEAVE.
BOME ecosystem includes a decentralized social network app for meme creation. It also offers spaces for storing unminted memes, and features like Genart Pages and meme-centric games.
The BOME token operates on the Solana network, combining memes with decentralized storage solutions. The project plans to expand with Bitcoin captions in the future.
Pros
- BOME aims to preserve meme culture, which is a big part of society today.
- It uses decentralized security and platforms like IPFS, ARWEAVE, and blockchain, making it more secure, transparent and immune to censorship.
- It has a wide range of features, including a digital meme book and a decentralized social network.
Cons
- Its audience appeal is limited to those interested in memes and blockchain technology.
- BOME’s technology may be complex and overwhelming for new users.
- Regulation on cryptocurrencies and decentralized platforms could affect the success of the project.
Meme Kombat (MK)
- Current price: $0.1414
- Market cap: $16.97 million
- Circulating supply:120 million
- Total Supply: 120 Million
Meme Kombat is a play-to-earn (P2E) blockchain game that allows players to bet on battles. The meme coin is one of the most popular p2e meme coins in the market today.
Meme Kombat offers users an engaging and transparent betting experience for users. Players use the native token, $MK, to bet, stake, and other in-game activities.
Meme Kombat has a rewarding staking program, which offers a generous 94% APY. This high staking reward contributed significantly to the project’s success in the early presale phase.
Pros
- Meme Kombat offers a play-to-earn game where players can join battles and earn rewards when they win. This allows players to engage and interact within the community.
- The platform supports multiple betting modes, including player-vs-player and player-vs-computer, ensuring diverse gameplay experiences and catering to different player preferences.
- The $MK token serves as the core utility within the platform, facilitating betting, staking, and other activities. Its usage and potential demand may increase as the platform gains traction and popularity.
Cons
- The value of the $MK token and user participation may be subject to volatility in the cryptocurrency market, potentially impacting rewards and user engagement.
- Regulatory changes or challenges in the cryptocurrency and gaming sectors could pose risks to the platform’s operations and accessibility for users.
- Integrating web3 technology and traditional betting mechanics could present a learning curve for new users, potentially hindering adoption and user retention.
DogeWifHat(WIF)
- Current price: $2.21
- Market cap: $2.2 Billion
- Circulating supply:998 million
- Total Supply:998 million
Dogwifhat is one of the numerous Shiba Inu dog memes that are closely related to the digital asset industry because of Dogecoin (DOGE), which was a pioneering meme cryptocurrency launched in 2013.
WIF operates on the Solana network. The project’s team remain unknown, but they claim to have been inspired by Dogecoin (DOGE), which is the most popular meme coin.
Unlike DOGE, which has some real-world use cases, the value of Dogwifhat is mostly driven by speculation.
WIF has no inherent value but relies on significant speculative interest and community support for its value. Moreover, its developers say they will neither burn tokens nor offer staking rewards.
Pros
- For its speculative value, Dogwifhat has developed a devoted community.
- Mimicking Dogecoin, a popular meme crypto currency may attract similar followers and investor interest.
- This high level of speculation can lead to dynamic price movements and trading activity that create potential opportunities for traders as well as investors.
Cons
- It does not serve any practical purpose, thus reducing WIF to purely being a speculative trading vehicle alone.
- Questions about transparency and accountability could arise due to the facelessness of the founders of this project.
MYRO
- Current Price: $0.1462
- Market Capitalization: $137 million
- Circulating Supply:994 million
- Total Supply: 999 Million
This Dog-focused crypto project borrows its name from the dog of Raj Gokal who is Solana’s co-founder, with a general view of being part of the existing craze on pet-related crypto currencies.
MYRO token elevates itself above being just another meme coin by integrating entertainment and a purposeful utility within the Solana ecosystem.
This means it encourages more Solana users, investors as well as developers in order to make widespread adoption of this blockchain network across all demographics possible.
Drawbacks
- Also, MYRO could rise or fall in value very rapidly, which puts at risk capital invested by shareholders.
- Based on how much attention it gets from its various networks and how these are leveraged into market making and user acquisition, success depends on developing and sustaining customer base interest within an aggressive environment for crypto-currencies like this one.
BRETT
- Current Price: $0.1407
- Market Capitalization: $1.39 billion
- Circulating Supply:9.9 billion
- Total Supply:9.9 billion
BRETT is one of the top ten meme coins listed on Base chain inspired by character Brett from “Boy’s club” comics series found online.
Renowned for his nonchalant approach to life and love for video games ties him closely with Pepe – a legendary figure in the world of cryptos. This link has seen BRETT become famous and frequently traded meme currency on Base chain.
BRETT, Base’s native token, leverages blockchain and smart contracts to improve real estate transactions. It does this by eliminating middlemen, automating ownership transfers through smart contracts, and keeping track of transactions on a decentralized ledger.
That lowers expenses, makes worldwide reach possible and introduces fractional ownership, thus making it easier for everyone to participate in real estate.
Pros
- By utilizing blockchain technology, the BRETT token is able to automate real estate transactions through smart contracts, which cuts off intermediaries and makes the processes more efficient.
- Blockchain can be a decentralized ledger where all transactions are logged enhancing transparency by providing transparent records of asset transfers and transaction histories.
- Blockchain tech supports wider access to property investments that could enable fractional ownership thereby expanding investment opportunities across the globe.
Cons
- However, even though smart contracts are built on blockchain’s security, they can still be insecure breaching points as well as have bugs or internet attacks.
- BRETT token may have an unstable value that involves certain risks associated with investing in property deals.
Key Points To Consider Before Investing In Meme Coins
- For in-depth research before investing in meme coins, it is a necessity.
- Team and Reputation: It is the quality of the team that matters most on this approach. Their transparency and frequent communication show how credible they can be.
- Technology: You need to consider scalability, speed, security features, and consensus mechanisms. The coin’s technology must be advanced enough for it to compete with others.
- Community Support: Engaged community often means growth potential and continuous innovation. Social media platforms and online forums are ideal places to have a look at sentiments from members of communities.
- Regulatory Environment: Keep yourself updated about any changes in local regulations. Complying with laws reduces risks related to cryptocurrency investments being illegal.
- Market Demand: What is the current demand for this cryptocurrency? Collaborations as well as incorporation with other platforms are an indication of increased market interest which may result in its value going up later.
Frequently Asked Questions (FAQs)
How safe is it to invest in meme coins?
Investing in meme coins is riskier than investing in other cryptocurrencies. This is because meme coins thrive on public sentiment and social media trends making them very volatile.
How much capital can I allocate in memecoins in my crypto portfolio?
It is recommended to invest an amount you can afford to lose. Analysts suggest 20% of your overall portfolio.
Which are the best platforms to buy meme coins?
Most meme coins are available for trading on crypto exchanges including; Binance, Kraken, Coinbase, and KuCoin.
