2024’s Explosive Picks: Top 10 Meme Coins Worth Buying

A meme coin is a cryptocurrency that originated from an Internet meme or has some other humorous characteristic. In the second month of the year 2024, a groundbreaking innovation emerged in the realm of cryptocurrencies, capturing the attention of enthusiasts both seasoned and novice. Individuals across the globe were abuzz with discussions about this latest development in digital currency. First are meme coins, a novel product of this internet culture mixed with innovation.

Meme coins will continue to be the most flourishing investment pool due to their dependence on viral trends and community interaction. So, if you are quite desperate to explore the meme coins, then this neatly researched article will take you through a list of the best 10 meme coins by market capitalization and the presale tokens you should invest in 2024.

Top 10 Meme Coins to Buy In 2024

Dogecoin (DOGE)

Dogecoin, one of the first and most popular meme coins, has come a long way since its debut in 2013. “The soft and loving Shiba Inu mascot was designed to be a fun cryptocurrency that would appeal to everyone.” Though called by many a joking currency, its success is still unbeatable.

ApeMax (APEMAX)

Their product is like no other—an innovative staking mechanism known as “Boost-to-Earn.” Thanks to this unique feature, token holders get an opportunity to stake on Web3 projects that are their favorite and get paid back in ApeMax tokens.

Buyers will also get early and immediate access to the token for presale eligibility. There are certain time-limited discounts for such eligible buyers during presales. It will be listed on Uniswap on February 22, 2024, a day after the official closing date for the ApeMax presale.

Shiba Inu (SHIB)

Shiba Inu (SHIB) is another titan meme coin borrowed from Dogecoin’s script to take off. It is a very young meme coin in the cryptocurrency universe, launched only last year. The design has been copied from the Shiba Inu dog breed.

Bonk (BONK)

Bonk (BONK) is the first meme coin with dogs on Solana. “For the people, by the people” approaches differentiate this project token from others in the meme coin space. This mission has caught on so much under the skin that it has raised some eyebrows. Return liquidity to Solana-based decentralized exchanges (DEXs).

Pepe 2.0 (PEPE2.0)

This PEPE 2.0 (PEPE2.0) presents an evolutionary enhancement of the original’s robust structure, building into rewarding long-term holders and developing an expansive ecosystem by its rewarding system. Technically, there is a huge difference between the two projects’ taxes: PEPE has no tax, while PEPE 2.0 has a 1% transaction fee.

Floki (FLOKI)

Floki was named after Elon Musk’s Shiba Inu. It is now a fully-fledged web3 project spanning decentralized finance (DeFi), NFTs, and the Metaverse.

Myro (MYRO)

The name of the memetic coin, Myro (MYRO), came from the creator’s dog, Raj Gokal. The token is already in focus for reasons such as a collection of functions that bind users to continuous business: staking, trading, automated buying, and generally staying involved with the community.

KangaMoon (KANG)

KangaMoon (KANG) is a pioneering cryptocurrency that has distinguished itself from the others. Meme coins have traditionally been less valued, but KangaMoon is breaking the mold by incorporating Social and play-to-earn (P2E) capabilities. The new P2E game will allow users to spend their KANG tokens on character upgrades and in-game goods.

Not only does this usefulness elevate KangaMoon to the forefront of meme currencies, but it also creates new options for currency holders. Owning this coin allows you to watch matches, gamble on battles, and take part in periodic challenges for more tokens and in-game items. In addition, the KangaMoon ecosystem has a marketplace for trading items.

Dogwifhat (WIF)

Dogwifhat (HAT) is a meme coin on the Solana blockchain featuring a cute dog with a hat, which can find some similarities to Dogecoin. It’s community-driven involvement more than just hard-nosed financial gain: meme contests, fun charity events—this spirit of Dogecoin runs wild.

Pepe (PEPE)

Pepe (PEPE) is a meme cryptocurrency on the Ethereum blockchain that distinguishes itself from the competition by being a deflationary currency. The name and design are homages to the original Pepe the Frog.

Understanding the Concept of Meme Coins

Meme coins are an odd breed of cryptocurrency. They rely on internet memes, social media trends, and online communities rather than excellent data or fundamentals to achieve popularity. Unlike Bitcoin and Ethereum, 99% of these coins have no obvious service or function. However, some, such as KangaMoon, do.

What makes them popular might also lead their value to fall dramatically at any time. Their branding and marketing incorporate lighthearted and amusing themes, appealing to younger investors seeking fun in their portfolios.

Eight Strategies for Recognizing a Meme Coin

1. It’s community-driven. Meme coins frequently acquire traction on social networking sites, forums, and online communities.
2. There’s a lot of social media hype around it. If you find a cryptocurrency extensively promoted through memes and online debates with no obvious foundations, it is most likely a meme coin.
3. It doesn’t have a real purpose. Most meme coins lack a clear purpose or technology and are only intended to sell or entertain consumers.
4. It has funny or quirky branding. Memes, Elon Musk, Japanese dogs—if it’s been in the general population’s eye, someone has created a meme coin.
5. You don’t know who is behind it. The meme coins would lack transparency about the team involved in the development, or, in most cases, they would have an anonymous team instead of a doxxed one. An undoxxed team may serve as a ground for legitimate concern among potential investors.
6. It’s very volatile – and you can’t tell what’s causing it. Meme coin values fluctuate for no apparent reason since they are driven more by speculation and excitement than actual worth or usage.
7. Its tokenomics are as weird as its branding. Meme coins frequently exhibit unusual tokenomics, such as a huge total supply, a rapid inflation rate, or other characteristics that differ from standard cryptos.
8. It has a short-term focus. Theirs are often based on short-term phenomena, such as memes, emphasizing short-term gains rather than long-term sustainability.

It’s important to note that not all coins with off-beat branding are necessarily meme coins, and some meme coins grow out of the meme status over time. However, these common factors are frequently present in the most popular meme coins of the moment.

Meme Coins: Worth Investing?

Most meme coins on this list have a unique value proposition; very few come with unique value propositions. Most are known to rise suddenly, then fall, and never recover. This makes it even more difficult to decide if any meme coins are worth buying on this list. The next few sections will describe why one would consider meme coins for investment.

Meme Coins Could Produce High Profits

Unlike many of the top penny cryptos we have analyzed, we have established that most meme coins have no utility. However, some of these tokens have managed to move up so big in the crypto space thus far recorded in history. For example, Dogecoin prices increased by over 7000% from about $0.009 to $0.68 in 2021.

These extraordinary price movements usually happen because of the passion developed within the communities supporting them. The value may just as easily crash back down to extraordinary levels of value when the hysteria and interest cool down. Having crossed its all-time high in 2021, Dogecoin returned to nearly $0.17 at the business close on December 31, 2021. Investors should be extremely careful while parking their hard-earned money in meme coins.

Meme Coins Can Offer Utility

Not all meme coins are based on the latest internet trends. Instead, some new crypto meme projects today add utilities to their ecosystem. Take, for example, a case similar to that of Shiba Inu. This meme coin is integrable with smart contracts and opens lots of possibilities.

So, investors need not be wild speculators in their choices if they plan to find out the best meme coins in 2024. Instead, they should look for the top meme coins that can provide utility in the market, and by doing so, they will come closer to spotting high potential.

Strong Community Backing

Therefore, investors should try to identify the strongest community if they look for meme coins. As we spoke earlier, such support can become a huge argument to provoke price action among the meme coins.

Such a token will either be spread through the network by the community members or, in many cases, cause the token to go viral. In that regard, social media sites and even online forums such as Reddit are good sources to look for meme coins that are likely to pop.

However, it cannot be assured that a meme coin will have its value surge only because the community is receiving solid support. Nevertheless, except for one or two due exceptions, this would be quite risky if this is a firm decision on one’s investment only because that meme coin got hyped in the social space.

Risks of Investing in Meme Coins

• Lack of utility – Most meme coins possess no utility other than trading. This is because the price point these meme coins are being given is purely based on the hype and has no basic value; hence, it can disappear as fast as it comes.
• Extremely volatile – All cryptos involve some degree of volatility, and meme coins rest almost entirely on wild social media exuberance and community enthusiasm.
• Potential scams – It was found that many of the meme coin projects are rug pulls—crypto developers abandon the project and run away with investors’ money.
• Limited information on the development team –These crypto projects have either an unidentified development team, have no credibility, or are not at all transparent like good cryptos.
• Lack of regulation – Many meme coins operate in a less regulated environment than established cryptos, making them a perfect breeding ground for malicious actors to manipulate markets and engage in fraudulent activities.
• Poor security measures – Most meme coins emphasize marketing more than they do security issues and start without established security measures. This exposes them to hacking and other security breaches.

The investor should be very careful while finding the best meme coins for the portfolio. If the investor manages to buy and sell at the right time, they might make money from meme crypto coins—yet it’s also possible they could lose all the funds they invested. Instead, they would focus on cryptocurrencies with strong fundamentals most likely to stand the test of time.

Conclusion

This guide has looked at a list of meme coins and different approaches to discovering the next big one with upward potential. We have also reviewed the benefits and risks of purchasing meme coins, but an important one will be that jokes and fads account for inside reasons with no cost of value technology.

Scotty the AI is a first-mover meme coin. One of the hottest and most powerful trending AI-driven crypto projects in the market, it allows degens and enthusiasts to own, stake, and earn an estimated 140% rewards on their investments by buying $SCOTTY tokens.

 FAQs

What is a meme coin?

Meme coins, in general, typically refer to digital tokens that are usually created around any popular internet trends or ideas. These can either be paying homage to a meme or a celebrity, and Dogecoin, which has paid homage to the dog breed Shiba Inu, would be an example in this regard.

What are the top meme coins to buy right now?

The top five meme coins to buy are Scotty the AI, Frog Wif Hat, Smog, Sponge V2, and Meme Kombat. Kindly note that this is a list of market trends at the time of writing, so there will always be room for further independent research to find the best meme coin to buy.

What meme coin should I buy in 2024?

So, this coin should be searched for by new aspiring investors in the best meme coins to buy in 2024. Scotty the AI is the meme PoS token with a high opportunity to stake at 140% p/a.

How do you invest in meme coins?

New meme coins are available for purchase through online crypto brokers and exchanges. Other new crypto projects for meme coins can only be availed when they launch a direct presale.

How to find new meme coins to buy?

This explains why social media and, more so, crypto subreddits remain some of the best places to go looking for the next meme coin that will blow up. Most of them harbor community discussions about where the next big opportunity is. Other places to consider for those searching for meme tokens include platforms such as CoinMarketCap, which lists the token’s launch date.