15+ Best Meme Coins to Buy – New Meme Coins of July, 2024

Why Trust Techopedia Crypto
Why Trust Techopedia Crypto

Inspired by internet memes and often backed by strong communities, meme coins are more than just digital currencies; they’re a cultural phenomenon. While many lack utility, some top meme coins have experienced explosive growth, achieving multi-billion dollar market capitalization.

This article explores the best meme coins to buy now, considering various factors such as market cap, community support, and use cases. We also look at what drives their prices, why they attract so many investors, as well as the associated risks that come with these digital assets. On top of that, we delve into what meme coins are, how many exist, the best new meme coins, and how to purchase them.

  • Ethereum Layer-2 chain featuring the classic Pepe meme and offering low transaction costs
  • Stake $PEPU to earn dynamic staking rewards as massive, passive income
  • Pepe Unchained aims to replicate the success of Pepe but with its own ecosystem
Project Launched
June 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • BNB
    BNB
  • Debit
    Debit
  • +1 more
  • Compete in the Meme Olympics with iconic characters like Doge, Pepe, Brett, Turbo, and dogwifhat
  • Take part in the 169m dash with every purchase with a chance to win a 25% bonus
  • Stake your winnings to earn even more $MGMES tokens
Project Launched
July 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • BNB
    BNB
  • Debit
    Debit
  • +1 more
  • Groundbreaking ERC20 token combining two trending niches: Meme and AI
  • Buy and stake $WAI tokens for daily passive rewards up to 142% p/a
  • Presale has already raised over $7 million so far highlighting its 100x potential
Project Launched
April 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • BNB
    BNB
  • Matic
    Matic
  • +1 more
  • Exciting mobile-based play-to-earn meme coin, already raised over $5M via presale
  • Featuring a fun 2D Doge pet that brings real-life utility to Tamagotchi-style P2E game
  • Supports staking with massive APY rewards currently over 100%
Project Launched
May 2024
Purchase Methods
  • BNB
    BNB
  • USDT
    USDT
  • Debit
    Debit
  • ETH
    ETH
  • +1 more
  • A high-stakes battle project where the Wild West meets crypto
  • $SHIBASHOOT holders can buy and stake their tokens for passive rewards
  • Offers a Posse Rewards referral program where players can earn bonus tokens
Project Launched
April 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • BNB
    BNB
  • Debit
    Debit
  • +1 more
  • Exciting Base chain meme coin offering seamless interoperability across different blockchains including Base, ETH, SOL, BSC, and AVAX.
  • Unique Share-to-Earn $DAWGZ airdrop campaign in which buyers can earn rewards for sharing memes on X.
  • Stake $DAWGZ tokens on the Ethereum network for passive rewards. $DAWGZ is looking to follow the success of Brett, Degen coin and Toshi.
Project Launched
June 2024
Purchase Methods
  • ETH
    ETH
  • BNB
    BNB
  • SOL
    SOL
  • AVAX
    AVAX
  • BASE
    BASE
  • +2 more
  • New ERC20 token celebrating 10 years of original DOGE's reign as king of the meme coins.
  • As a PoS token presale investors can buy and stake DOGE2014 token's & earn passive rewards.
  • 60% of the 100Bn supply is allocated to the presale with early-bird degens securing DOGE2014 tokens at a discount.
Project Launched
June 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • Debit
    Debit

Top Meme Coins of July, 25

    Top Meme Coins of 2024 Current Price Why Did We Pick This Meme Coin?
    Pepe Unchained $0.008 Top L2-Layer Meme Coin Offering Lower Gas Fees
    The Meme Games $0.009 Best Meme Coin to Invest in For Olympic Games Fans
    WienerAI $0.00073 New AI-Based Meme Coin with 193% APY
    PlayDoge $0.00522 Best New Meme Coin with P2E Utility
    Shiba Shootout $0.0197 New Play2Earn Meme Coin Focused on Community
    Base Dawgz $0.0067 New Multichain Doge Meme Coin With Significant Rewards
    Sponge V2 $0.000097 Renewed Meme Crypto Offering Over 69% APY
    Doge2014 $0.000282 Meme coin built for the 10th anniversary of Dogecoin
    Dogecoin $0.1303 OG Meme Coin Supporter by Influential People
    Shiba Inu $0.00001713 Top Meme Coin with a $15B Market Cap
    Floki $0.0001852 Popular Meme Crypto With P2T and NFT Environments
    Dogelon Mars $0.0000001847 A Meme Coin Based on Elon Musk’s Space Ventures
    Baby Doge Coin $0.000000001278 Deflationary Meme Crypto With a DeFi Swap Platform
    SamoyedCoin $0.009812 The First Meme Coin on the Solana Blockchain

    💡 All information in the table above is updated daily to provide the most accurate and current data. The table was updated on July, 25.

    The Best Meme Coins to Buy Now: Detailed Analysis

    Creating a cryptocurrency requires technical expertise, but transforming it into a widely popular meme coin is a distinct challenge. We will dive into the specifics of the top meme coins in today’s market and examine the key factors poised to propel their growth in the future.

    1. Pepe Unchained – Top L2-Layer Meme Coin Offering Lower Gas Fees

    • Meme token name: $PEPU
    • Network: Ethereum
    • Features: Layer2 chain, low gas fees, fast transaction speed.

    Best meme coins Pepe Unchained

    Pepe Unchained ($PEPU) is the best new meme coin on the market right now. It’s also the first-ever PEPE token with its own Layer2 chain that promises unbelievable transaction speed and security. On top of this, there are drastically lower gas fees on Layer2, which just helps you maximize your profits.

    $PEPU combines meme coins with cutting-edge blockchain technology, which differentiates it from other meme coins on the market. Investors saw this potential, and the coin raised over $1.2 million in its first week. At present, the token has raised over $5 million with a presale price of $0.008, and the hype is not slowing down.

    Why do we like Pepe Unchained?
    • The project has raised over $5 million in just less than a month.
    • There is an instant ETH to PEPE Chain bridging that offers lower transaction fees and bigger liquidity.
    • PEPU combines the immersive appeal of PEPE with the advanced Layer blockchain technology.
    • The Layer2 chain offers lower gas fees, faster transactions, and a seamless trading experience.
    • The APY goes as high as 368%.

    Pepe Unchained Cons
    • Meme coins are usually more subject to market volatility.
    • As a Layer2 solution, it relies on Ethereum’s stability and performance, making it susceptible to any issues or changes within the Ethereum ecosystem.

    2. The Meme Games – Best Meme Coin to Invest in For Olympic Games Fans

    • Meme token name: $MGMES
    • Network: Ethereum
    • Features: A high presale bonus, play with the most iconic meme characters, a fair competition.

    Best meme coins The Meme Games

    The Meme Games is definitely the best meme coin to buy for fans of the Olympic games. It brings together some of the most beloved meme characters like Dogecoin, Pepe, and Turbo in a fun, competitive format. The concept is pretty simple. You puck your favorite meme coin and compete for a high presale bonus of 25%. The fair and randomized competition ensures everyone has an equal chance to win. Also, investors get the chance to get a staggering APY of over 1000%.

    Running alongside the Olympics, The Meme Games captures the spirit of both sports and crypto fans making it a must-watch in the meme coin space. Therefore, if you’re into meme and crypto, this new meme coin is definitely a project to check out. If that’s not enough, the coin is currently on presale, therefore, you have the chance to get it at a highly discounted price of $0.009.

    Why do we like The Meme Games?
    • A fusion of the Olymic, Paralympics and the greatest meme characters.
    • A staggering 25% presale bonus with every purchase and 165m dash.
    • Each meme athlete has an equal chance of winning, making the competition 100% fair.
    • All presale purchase wins are available in verified smart contracts.
    • Plans to launch on DEX on September 10th 2024.

    The Meme Games Cons
    • A very new meme coin project, with no utility.
    • A high-risk, high-return crypto meme project.

    3. WienerAI – A Hot New Meme Coin Powered by AI

    • Meme token name: $WAI
    • Network: Ethereum
    • Features: A no-fee AI trading bot, seamless transactions, staking rewards, high-security blockchain.

    Best meme coins WienerAI

    WienerAI (WAI) is a popular new meme coin that follows the success of Scotty, the AI that surged 200% after the presale ended and the token launched. Its native token, $WAI, is an ERC-20 token built on the Ethereum blockchain. It aims to become your everyday no-fee AI trading companion, providing crypto trading advice and predictions.

    This dog-themed meme coin offers a generous staking APY of over 140% and has managed to raise over $7m during the early presale stages. This means you can quickly increase your token holdings without making additional purchases. To buy $WAI, you need an Ethereum wallet and some ETH, USDT, BNB, or a card. Note that buying with BNB will prevent you from earning the staking APY as the token is built on the Ethereum blockchain.

    Why do we like WienerAI?
    • An AI-driven trading bot offering insights and strategies
    • Token holders can earn high staking rewards
    • There are zero transaction fees
    • It’s built on the Ethereum network, offering security and ease of use
    • A discounted presale price of $0.00073

    WienerAI Cons
    • The project is not multichain, which means you might pay higher gas fees
    • The AI trading bot will only be available after the completion of the presale

    4. PlayDoge – The Best Meme Coin to Invest in With Play-to-Earn Utility

    • Meme token name: $PLAY
    • Network: Multichain (Binance & Ethereum)
    • Features: Multichain meme coin, play-to-earn mobile game, bonus $PLAY tokens and rewards.

    Best meme coins PlayDoge

    PlayDoge ($PLAY) is an exciting new meme coin that offers utility through a play-to-earn game on mobile. Inspired by the Doge meme and a Tamagotchi virtual pet, PlayDoge aims to bring even more fun to the meme coin space and deliver potential growth to investors.

    All you have to do is care for your virtual Doge, presented in a classic 2D art style, and earn $PLAY tokens in return. As a token holder, you get access to the leaderboard, where you earn XP for a chance to earn bonus $PLAY tokens and special rewards. The token itself is in a presale now, allowing early investors to stack up at a lower price of $0.00522 before it launches on exchanges. Moreover, early investors earn a generous dynamic staking APY of over 80% on the Ethereum chain and over 70% on BNB.

    Why do we like PlayDoge?
    • The project has raised over $5.8 million in a month since the presale launch.
    • The token offers staking opportunities and allows players to earn and use $PLAY tokens within the broader crypto market.
    • Players can earn $PLAY tokens by engaging with their Doge pet.
    • Players can also receive bonus $PLAY tokens and special rewards by climbing the leaderboard.

    PlayDoge Cons
    • The team behind the project is anonymous
    • The game will only be available after the presale concludes

    5. Shiba Shootout – A Top New Meme Coin With Western Elements

    • Meme token name: $SHIBASHOOT
    • Network: Ethereum and BNB Smart Chain
    • Features: play2earn game, high staking rewards, referral bonus.

    Best meme coins shiba shootout text

    Shiba Shootout ($SHIBASHOOT) is another new meme coin on our list. It presents the legendary Shiba Inu doge meme as a cowboy, immediately speaking to the American public. It will launch its very own play-to-earn game called Shiba Sharpshooter, which will be available for both Android and iOS users.

    $SHIBASHOOT also comes with a lot of utility, in the form of a referral program, a community storytime season where the best story gets tokens in return. There is also a lottery system where token holders will be able to earn big crypto prizes. On top of that, by buying and staking the token, you can earn rewards of over 1200%. At press time, the project has managed to raise nearly $780K.

    Why do we like Shiba Shootout?
    • A fun western-themed project with many rewarding utilities.
    • It will launch an engaging Web3 game where you’ll get to play with the legendary Shiba doge meme.
    • There is an enormous 1200% APY available still.
    • A price of $0.0197 that is discounted in the presale stage.

    PlayDoge Cons
    • The play2earn game is not available yet
    • The staking APY will decrease as more coins are staked.

    6. Base Dawgz – A Top Meme Coin Offering Share-to-Earn Style Rewards

    • Meme token name: $DAWGZ
    • Network: Multichain
    • Features: Multichain meme coin, high staking rewards, unique airdrop giveaway

    Best meme coins base dawgz

    Base Dawgz ($DAWGZ) is one of the top meme coins today due to its multichain compatibility, staking rewards, and unique airdrop giveaway. Using new Web3 tools such as Wormhole and Portal Bridge technology, Base Dawgz will connect to the Ethereum, Solana, Binance, and Avalanche chains. Thus, It will support seamless navigation across multiple blockchain platforms. 

    The high earning potential for $DAWGZ token holders is another reason for putting Base Dawgz on our best meme coins list. Currently, they are offering over 1150% APY. The project is also conducting a “Be Social for Airdrop,” a share-to-earn reward-style campaign. During the presale, interested investors can share and create memes about Base Dawgz and share them on X. For each piece of content generated, Base Dawgz offers points, which can eventually be converted into $DAWGZ tokens. 

    Why do we like Base Dawgz?
    •  A unique multichain experience that spans ETH, SOL, BSC, and AVAX.
    • Users can earn points after the presale concludes by creating and sharing content.
    • Their smart contracts have undergone serious audits to make sure their users and their assets are protected.
    • The project has managed to raise $2.6m so far at a price of $0.006725.

    Base Dawgz Cons
    • A high-risk, high-reward cryptocurrency

    Base Dawgz Social Media Pack

    7. Sponge V2 – Trending Meme Coin, Soared by 100x in 2023

    • Meme token name: $SPONGEV2
    • Network: Polygon
    • Features: Stake-to-bridge mechanism, a P2E game, bonus $SPONGEV2 tokens

    Best meme coins spongev2

    Sponge V2 (SPONGEV2) is the resurgence of $SPONGE, a community meme coin that brought a 100x profit to early investors in 2023. With bigger and better exchanges on the horizon, Sponge V2 is set to become one of the best meme coins on the crypto market and surpass its predecessor. Considering that the original version of the token still has a market cap of over $86 million, Sponge V2 has the potential to bring even more gains to investors. 

    The platform uses a stake-to-bridge mechanism, which allows V1 tokens to be converted to their newly launched V2 counterparts. What’s more, upon staking the V1 tokens, holders receive a proportionate amount of V2 tokens as a bonus. Sponge V2 also plans to release a new P2E game in which users can earn $SPONGEV2 tokens by playing the game and achieving high rankings on the leaderboard. This will make the project one of the most popular P2E cryptos.

    Why do we like SpongeV2?
    • A new play2earn utility will be introduced.
    • It claims to be the bigger and better version of the legendary Sponge coin.
    • There is already an existing community of 13k holders.
    • The presale price is at $0.000096 with an APY of over 40%.

    SpongeV2 Cons
    • The more coins are staked, the lower the APY

    SpongeV2 Social Media Pack

    8. Doge2014 – New Meme Coin Celebrating Dogecoin’s 10th Anniversary

    • Meme token name: $DOGE2014
    • Network: Ethereum
    • Features: Meme coin dedicated to the 10th anniversary of Dogecoin

    Doge2014 logo

    Doge2014 is a new meme coin that is made to celebrate the 10th anniversary of Dogecoin. Because of that, the $DOGE2014 presale price is $0.000282, which is Dogecoin’s price 10 years ago.

    This time, interested investors can buy the token using ETH or USDT. With over 8,100% staking APY during the early stages of the presale, early investors could double their holdings within days. However, the APY will drop as investors stake more tokens, giving first-movers the biggest advantage.

    The total token supply is 100 billion – which is less than Dogecoin’s supply. 60% of the tokens are allocated for the presale, while staking rewards get 25% of the total token supply, making a total of 85% ready to be distributed to early investors and community members in one form or another.

    Why do we like Doge2014?
    • Uses Dogecoin’s popularity to attract new investors.
    • Low token price during the presale.
    • The project has raised nearly $130K.

    Doge2014 Cons
    • Meme coins have high volatility and are riskier investments than large altcoins

    Doge2014 Social Media Pack

    9. Dogecoin – The Top 10 Meme Coin With a Significant Market Cap

    • Meme token name: $DOGE
    • Network: Binance Smart Chain
    • Features: Tipping system, easy to mine meme coin, can be used as a payment method.

    Best meme coins Dogecoin

    Dogecoin ($DOGE), one of the best meme coins, unexpectedly evolved into one of the most highly-rated cryptos to buy for substantial returns. One of the most renowned supporters of Doge is Elon Musk, the CEO of X. He has publicly expressed his faith in the cryptocurrency on Twitter, even promoting it as a viable payment option, which significantly contributed to its market price surge.

    $DOGE remains the most popular crypto meme and has amassed a faithful community of supporters over the years. Today, Dogecoin has a market cap of more than $18 billion. Additionally, Dogecoin’s primary use is as a tipping system on Reddit and X to reward the creation or sharing of quality content. Users can either get tipped Dogecoin by participating in a community that uses $DOGE or get tokens from a Dogecoin faucet. 

    Why do we like Dogecoin?
    • The most popular meme coin in the world right now
    • A very big community
    • It is an easy coin to mine

    Dogecoin Cons
    • An unlimited coin supply that could influence the price of the coin
    • A high-risk cryptocurrency for short-term investments only

    Dogecoin Social Media Pack

    10. Shiba Inu –  Trending Meme Coin Known as the ‘Dogecoin-Killer’

    • Meme token name: $SHIB
    • Network: Ethereum
    • Features: Can be used as a payment method, deflationary token, easy-to-use wallet

    Best meme coins Shiba Inu

    Branded as the ‘Dogecoin-Killer,’ Shiba Inu ($SHIB) is one of the top 10 meme coins that rapidly surged in value as investors were attracted by its cute appeal, fueled further by figures like Elon Musk and Vitalik Buterin. The SHIB community’s ongoing efforts to create utility for the token contributed significantly to its price surge, leading to the emergence of a fully developed Shiba Inu ecosystem.

    This meme token’s Ethereum compatibility could boost its adoption as a payment method, while its Shibarium layer-2 protocol promises faster transactions, reduced fees, and enhanced scalability, creating serious interest for the Shiba Inu ecosystem. SHIB is definitely the best meme coin to buy right now for small investors, leading to its adoption as a payment method by retailers. Samsung-backed digital wallet provider ZenGo and a restaurant in Paris have both accepted SHIB as a payment option.

    Why do we like Shiba Inu?
    • The coin is available on many big exchanges, such as Binance, OKEx, etc.
    • Lower transaction fees when compared to other cryptocurrencies
    • The launch of its own Layer-2 blockchain Shibarium

    Shiba Inu Cons
    • Lacks real-world utility when compared to other popular cryptos
    • Lack of proven track record

    11. Floki – Next Big Meme Coin With Multiple Utility Projects

    • Meme token name: $FLOKI
    • Network: Ethereum
    • Features: Play-to-earn NFT, can be used as a payment method, content, and education platform

    Best meme coin Floki

    Floki’s mission is to raise awareness about blockchain technology and digital tokens, bridging gaps within the crypto industry. To achieve this, the platform introduces FLOKI, one of the top meme coins to buy now. Floki is driven by its four utility projects: Valhalla, a play-to-earn NFT gaming metaverse; FlokiPlaces, a facilitating cryptocurrency purchases of physical goods that use FLOKI tokens as payment; FlokiFi, a range of decentralized finance products; and the University of Floki, a content and education platform.

    FLOKI is one of the most highly-rated cryptos that are worth a penny. It is currently available on Ethereum and Binance Smart Chain, making it accessible to most investors. At present time, the project has a $1.49 billion market cap and over 9.57 trillion tokens in circulation. 

    Why do we like Floki?
    • A multichain token operating on Ethereum and Binance Smart Chain
    • Unlike many other meme coins, Floki has utility
    • The project has several partnerships with many reputable brands in the industry

    Floki Cons
    • A high supply, which may keep the price low
    • The team is anonymous

    Floki Social Media Pack

    12. Dogelon Mars – A Community-Driven Meme Coin

    • Meme token name: $ELON
    • Network: Ethereum and Polygon
    • Features: Fighting against crypto scammers, minting AI-generated dog-themed NFTs

    Best meme coin Dogelon Mars

    Dogelon Mars (ELON), a dog-themed meme coin based on Ethereum and Polygon, hints at the potential of becoming the next big meme coin. Despite its playful origins, Dogelon Mars boasts a substantial community, with thousands of followers on X and Telegram. The project’s team aimed to establish a fair and transparent market entry by avoiding allocating any ELON tokens for themselves. Instead, they transferred approximately half of the total supply to Vitalik Buterin, Ethereum’s co-founder, who subsequently donated it to the Methuselah Foundation.

    The remaining half of Dogelon Mars tokens were placed in a Uniswap liquidity pool using an ELON/ETH pair. The team then burned the liquidity provider tokens they earned, confirming the project’s commitment to avoiding rug pulls. Given its catchy combination of meme-worthy elements (Elon Musk, Doge, Moon/Mars), Dogelon Mars has the potential for rapid appreciation in a bullish cryptocurrency market with an increased risk appetite for crypto meme coins.

    Why do we like Dogelon Mars?
    • A meme coin focused on helping victims of crypto scam
    • A fusion of Dogecoin, Mars, and Elon Musk
    • A large social media following

    Dogelon Mars Cons
    • There is no practical utility
    • Large token supply, which makes it difficult for the price to increase substantially

    Dogelon Mars Social Media Pack

    13. Baby Doge Coin – Hyper-Deflationary Meme Token With a DeFi Swap Platform

    • Meme token name: $BABYDOGE
    • Network: Ethereum
    • Features: Fast transaction speeds, deflationary token, promotes pet adoption, gifts a portion of transaction fee to holders, a BABYDOGE crypto debit card.

    Best meme coins Baby Doge Coin

    Baby Doge ($BABYDOGE) is one of the top meme coins to buy now. It aims to impress the meme community with improved transaction speeds and redistribution. According to the Baby Doge Coin whitepaper, the main purpose of this project is to spread awareness of animal adoption.

    What intrigued us the most is that users can mint NFTs using BabyDoge and utilize its platform, BabyDogeSwap.com, which includes AMM, core farms, token locker, burn portal, AI image generator, NFTs, and more. $BABYDOGE is a deflationary token intended to become scarcer with time. Holders can benefit from a 5% fee for every transaction within the Baby Doge ecosystem, increasing the number of Baby Doge coins in their wallets.

    Why do we like Baby Doge Coin?
    • Aburn protocol, which reduces the token’s supply, making it a better long-term investment
    • There is a charity wallet where people can donate to several different causes
    • A Baby Doge crypto debit card that automatically converts your coins into fiat

    Baby Doge Coin Cons
    • No real-world utility
    • There is a 10% fee

    14. SamoyedCoin – First and Best Meme Coin Built on the Solana Network

    • Meme token name: $SAMO
    • Network: Solana
    • Features: Fast, cheap, eco-friendly crypto, Solana blockchain ambassador

    best meme coin SamoyedCoin

    Samoyedcoin ($SAMO) is the next meme coin to explode. It was created to strengthen the Solana ecosystem. SAMO fosters a community dedicated to Solana onboarding, education, and mutual support. SamoyedCoin’s approach aims to provide users with the tools, support, and community necessary to navigate Solana and cryptocurrencies in general more effectively.

    This year, the project will launch mass marketing campaigns to enhance $SAMO awareness and introduce innovative methods for spending $SAMO in real-world scenarios. Additionally, it will focus on securing listings on centralized exchanges, integrating DeFi and dApp tools, fostering collaborations and partnerships within the ecosystem, and unveiling SAMO NFT V2. As the fastest and most eco-friendly dog-themed cryptocurrency, SAMO not only aims to transcend its role, but it aspires to become Solana’s ambassador.

    Why do we like SamoyedCoin?
    • Being built on the Solana network ensures fast and easy transactions
    • Limited supply, which means there are bigger chances of substantial price increases
    • It’s available on several decentralized exchanges

    SamoyedCoin Cons
    • There are no use cases
    • Meme tokens are known to be highly volatile digital assets

    Methodology

    How We Analyze and Review Cryptocurrencies

    1000+ Crypto Assets Reviewed

    300+ Research Hours

    14 Key Variables Evaluated

    50+ Expert Opinions Examined

    To ensure our readers receive unbiased, thorough, and reliable information, we conduct extensive research and analysis of a wide range of cryptocurrencies. We assess each crypto asset based on 14 distinct criteria, some of which include:

    • Market Potential: We evaluate the likelihood of future growth and the overall potential within the crypto market.
    • Liquidity and Trading Volume: We analyze the ease of buying and selling cryptocurrencies and their trading activity.
    • Community and Support: We examine the level of community engagement and the quality of support available to users.
    • Price History and Market Sentiment: We review historical price data and current market sentiment.
    • Security Measures and Past Breaches: We check for strong security protocols and any history of security breaches

    By following this thorough approach, we provide comprehensive and reliable reviews tailored to the needs of crypto enthusiasts and investors alike.

    What is a Meme Coin?

    Meme coins are a type of cryptocurrency inspired by internet memes or jokes. These are usually humorous projects that often have no real-world utility. However, they can often gain popularity and value due to their massive community support and social media hype. An example of a popular meme coin that has exploded in recent years is Dogecoin.

    For more detailed information, you can read all about meme coins.

    How Many Meme Coins Are There?

    There isn’t a definite number of meme coins, as new meme coins are being created constantly. However, according to CoinMarketCap data, the number of meme coins is in the thousands. As of June 2024, the combined market capitalization of these meme coins is over $49 billion.

    Where Can Meme Coins be Traded?

    Meme tokens can be traded on some of the top cryptocurrency exchanges, both centralized and decentralized.

    Major cryptocurrency exchanges, like Binance, Coinbase, and Kraken, often list popular meme coins. Even Solana has started listing more meme coins recently, and many show great promise.

    Decentralized exchanges, such as Uniswap, PancakeSwap, and SushiSwap, also allow users to trade some of the best meme coins to buy right now. HTX, KuCoin, and Bybit also trade meme coins, although you should always do your own research to decide the right place to trade your crypto,

    Why Do People Invest in Established and Upcoming Meme Coins?

    ​​Should people invest in meme coins? This question weighs heavily on traders’ and investors’ minds amid the meme crypto frenzy. However, exploring the pros and cons of trending meme coins and their various features can significantly influence one’s investment strategy. Let’s take a look at why people invest in meme coins:

    • High Upside Potential

    The remarkable returns generated by the best meme coins in the past cannot be ignored. As witnessed with Dogecoin and Shiba Inu, these coins surged in value, setting records in the crypto industry within a brief timeframe.

    • Be Part of a Community

    Strong and active communities often back the top meme coins. This sense of belonging and community support often draws investors in, which can, in turn, drive further interest and investment since community engagement can directly impact the coin’s market performance.

    • Fun and Entertainment

    Another reason investors purchase both existing and new meme coins is that they are a fun and light-hearted way to engage with the crypto community. The “fun” factor makes the investment experience more enjoyable compared to more traditional investments.

    • Speculation

    Some investors are attracted to meme coins purely for speculative purposes. They hope to capitalize on short-term price movements and market trends by buying low and selling high. The speculative nature of meme coins is why investors are often looking for the next big hype cycle to make a profit.

    • Fear of Missing Out (FOMO)

    The fear of missing out on potential profits drives many to invest in upcoming meme coins. Stories of early investors making a huge profit create a sense of urgency. Watching the meteoric rise of coins like Dogecoin and Shiba Inu can induce FOMO, prompting investors to buy in the hopes of riding the next big wave.

    • Low Prices

    Many meme coins, especially the new meme coins coming up, have a low price. This affordability allows investors to purchase large quantities of the token with a relatively small amount of money. This is especially appealing to those who want to hold a large amount of digital assets in the hopes of making a profit after it explodes.

    Are There Any Risks When Buying Meme Coins?

    Lacking inherent utility, crypto meme coins depend on social hype and community backing for success. This makes them highly susceptible to market volatility and investor sentiment, and hence, they are considered one of the riskiest crypto investments. Some of the risks that come with already existing and upcoming meme coins are:

    • Volatility

    Although this might be the case with the crypto market in general, meme coins have been known to explode or crash at a moment’s notice. Given their nature, investors should only invest money they can afford to lose in these cryptocurrencies.

    • Pump and Dump Schemes

    A crypto pump and dump scheme involves artificially inflating the price of a cryptocurrency, or “pump,” followed by a swift sale to unsuspecting buyers, leading to a sudden price decline or “dump.” Manipulators sell their holdings at a predetermined level, resulting in financial losses for buyers who purchased during the pump phase.

    • Lack of transparency

    Oftentimes, meme coins lack transparency regarding their operations, development team, and even future plans. This lack of transparency makes it difficult for investors to assess the legitimacy and potential of the coin.

    • Liquidity issues

    Many meme coins have low trading volumes, which makes it difficult to buy or sell large amounts without affecting the price.

    What Drives the Price of the Top Crypto Meme Coins?

    Social media and online communities play a significant role in driving market value, but various other factors also influence the price of crypto meme coins, including: 

    Supply and DemandAdoption and AcceptanceSpeculation and Investment

    Like all cryptocurrencies, meme coin prices hinge on supply and demand dynamics. Increased buying pressure elevates prices, whereas heightened selling pressure lowers them. Additionally, supply abundance can suppress prices, while scarcity from restricted supply can drive costs higher. Still, these coins exhibit high volatility and are susceptible to swift price fluctuations influenced by market sentiment and external forces.

    The adoption and acceptance of meme coins by merchants and businesses can significantly impact their prices. As more people use them for payments, the value of a meme coin can increase, driving up prices.

    Speculation and investment play a significant role in driving meme coin prices, with some investors viewing them as potential opportunities to capitalize on price fluctuations. This can lead to market volatility, as prices fluctuate based on sentiment. For instance, the Pepe coin experienced substantial rallies, including a 525% surge within 14 days of its launch. Early investors saw staggering returns, with one anonymous trader turning a $263 investment into $3.8 million in profits after purchasing trillions of Pepe coins on UniSwap.

    What are the Best New Meme Coins Right Now?

    With so many new meme coins emerging every day it is getting harder than ever to find the best new meme coins out there. Thankfully, our previous list featured some of the top new meme coins on the market right now. However, here are some of the most promising contenders:

    Best New Meme Coins Launch Date
    PepeUnchained June, 2024
    WienerAI April, 2024
    PlayDoge May, 2024
    ShibaShootout April, 2024
    BaseDawgz June, 2024

    How to Find New Meme Coins Early?

    Identifying promising new meme coins early can significantly boost your chances of high returns. Here are some effective strategies:

    Look for High-Potential Presales

    One of the easiest ways to catch new meme coins early is to look for presales. However, this is easier said than done. Here are several things to look for in high-potential presales:

    • Large Social Following: A significant social media following indicates high community interest and potential success.
    • Securing Centralized Exchange Listings: This proves the team’s capability and increases the coin’s upside potential.
    • Solid Tokenomics: Good allocation to the community increases decentralization and promotes organic price increases.
    • Innovation: Projects that bring something new to the market stand out and have better chances of success.

    Join Crypto Discord and Social Channels

    Joining active crypto communities can help you stay updated on new and emerging meme coins. These platforms often have the latest information and discussions on high-potential projects.

    • Discord Groups: Join channels like Jacob Bury’s with over 17,000 members for high-potential project insights.
    • Telegram Groups: Groups like B2C Crypto Calls & News offer alerts on new meme coins and market updates.
    • YouTube Channels: Follow channels like Jacob Bury, BitBoy Crypto, and Crypto Banter for new coin updates.

    Use Tools Like DeXTools and CoinCodex

    Utilizing data and analytics tools can help you identify and track new meme coins effectively.

    • DeXTools: Scan for top gainers, trending meme coins, and detailed project data like market cap and trading volume.
    • CoinCodex: Browse new ICOs, IEOs, and IDOs for extensive data sets.
    • Launchpad XYZ: Provides predictions and insights for potential high returns.
    • CoinMarketCap and CoinGecko: Trusted sources for metrics like market cap and price history.

    Track Blockchain Activity

    Monitoring blockchain activity can uncover insights into upcoming meme coins and their potential.

    • Etherscan: Monitor transactions, smart contract interactions, and wallet activities for Ethereum-based tokens.
    • Nansen: Track and analyze whale transaction data across multiple blockchains with labeled wallets for easier understanding.

    What are the Best Meme Coins by Market Cap?

    Meme coins have gained significant popularity in the cryptocurrency market, with some achieving substantial market capitalization. Below is a table of some of the best meme coins by market cap right now:

    Meme Coin Market Cap
    Dogecoin $18 billion
    Shiba Inu $10.71 billion
    Pepe $4.37 billion
    dogwifhat $2.03 billion
    FLOKI $1.72 billion
    Brett $1.47 billion
    Bonk $1.47 billion

    Which Meme Coin Will Reach $1?

    Predicting which meme coin will reach $1 is challenging due to the volatile nature of the cryptocurrency market. However, some meme coins have shown significant potential. Established meme coins like Dogecoin and Shiba Inu have already gained massive popularity and have strong community support, making them contenders for reaching $1.

    In addition to these well-known coins, several promising new meme coins could potentially achieve this milestone. These include PlayDoge, PepeUnchained, WienerAi, and Base Dawgz.

    How To Buy Meme Coins?

    Buying meme coins is straightforward and can be done in several ways.

    • You can participate in presales and ICOs by connecting a Web3 wallet to the project’s official page, where you often get discounted rates.
    • After presales, meme coins are listed on centralized exchanges like MEXC and OKX, where you can create an account and trade.
    • Alternatively, meme coins can be purchased on decentralized exchanges like Uniswap by connecting your Web3 wallet and swapping existing crypto coins.

    Conclusion

    While meme coins offer distinct investment prospects, they also carry substantial risks. Understanding their market dynamics and legal standing is crucial for potential investors in this popular crypto sector. In this article, we explored the best meme coins to buy now, considering various factors, such as market cap, community support, and unique features.

    We’ve identified PlayDoge ($PLAY) as one of the top meme coins in 2024. This meme coin offers utility through a play2earn game in a Tamagotchi-like style.

    FAQs

    Which meme coin is best to invest?

    Which meme coin has the most potential?

    Which meme coins will explode in 2024?

    What is the best meme coin of all time?

    What is the best wallet for buying meme coins?

    Are meme coins legal?

    Which exchange is best for buying meme coins?

    How do you know if a meme coin is good?

    What are the top 5 meme coins today?

    What are some new meme coins coming out now?

    Kane Pepi
    Editor
    Kane Pepi
    Editor

    Kane Pepi is an accomplished financial and cryptocurrency writer who has an extensive portfolio of over 2,000 articles, guides, and market insights. With his expertise in specialized subjects such as asset valuation and analysis, portfolio management, and financial crime prevention, Kane has built a reputation for providing clear explanations of complex financial topics. He holds a Bachelor's Degree in Finance and a Master's Degree in Financial Crime, and is currently pursuing his Doctorate degree, which focuses on investigating the complexities of money laundering in the cryptocurrency and blockchain technology sectors. Kane's wealth of knowledge and experience in the field make…