Best Meme Coins to Buy Now

Meme coins are a special type of cryptocurrency inspired by internet memes and social media trends. They don’t have any practical use or inherent value like Bitcoin or Ethereum. Instead, their worth is all about their connection to meme culture. Meme coins are known for their wild price swings, which have gotten even wilder recently. This is because of internet memes and big influencers like Elon Musk. A single tweet from Musk can skyrocket the value of the best meme coins, highlighting the unique connection between memes and cryptocurrency.

Meme tokens have taken the world by storm, with Dogecoin starting as a joke and gradually more tokens joining the market, bringing massive success. However, choosing the best meme token can be a daunting job.

We have made a list of the best meme coins to buy in 2024 based on their features, functions, and reputation in the market.

List Of Top Meme Coins in 2024

1. MAGA VP: Emerging PolitiFi Meme Coin

MAGA VP is a popular meme coin inspired by political movements, making PolitiFi or political finance cryptocurrency currencies a reality. As an emerging meme coin, It has been one of the top gainers in the industry of meme tokens and embraced by many cryptocurrency users, following the slogan Make America Great Again by Donald Trump during his election campaign.

MAGA VP - Emerging PolitiFi Meme Coin

So far, the MAGA VP meme coin has donated about 202.75 ETH to US veterans and 172.5 ETH to child trafficking prevention. The MAGA coin has been super successful, with a total market capitalization of $223.5 million.

Pros:

  • Passively rewards MVP token holders in TRUMP tokens through buy/sell tax.
  • Adds liquidity to its MAGA TRUMP ecosystem.
  • Supports and empowers token holders and contributes to the growth and sustainability of the MAGA TRUMP ecosystem.
  • Promotes innovation and engagement through tokenomics, community-driven movements, and strategic partnerships.
  • Ensures price stability and establishes sufficient liquidity pools by incentivizing liquidity providers.
  • Enhances audience engagement through rewarding incentives and communication channels.

Cons:

  • Relatively new meme token in the fiercely competitive cryptocurrency industry.
  • Insufficient customer reviews and feedback.

Built on: Ethereum

Available on: Biconomy.com, XT.com, iNDOEX, BitMart, CITEX, Digifinex, P2B, Toobit, LBANK, Azbit, and Consbit

2. Shiba Inu: Dog-themed Meme Currency With Community Engagement

Shiba Inu Dog-themed meme token was developed anonymously in 2020, based on other Internet memes such as Dogecoin. With a market cap of $14.5 billion, Shiba Inu is a highly valued meme token in the market that has introduced Shibarium, or the Layer 2 scaling solution for Ethereum.

Shiba Inu - Dog-themed Meme Currency With Community Engagement

The meme token is community-driven and categorized into the key SHIB tokens, the ecosystem’s governance token, Bone tokens, and LEASH tokens for rewarding the ecosystem’s loyalists. There has been a substantial surge in SHIB price with a gradually increasing number of applications and projects, providing exciting opportunities and making investments in SHIB tokens a wise choice for users.

Pros:
  • Upcoming play to earn collectible card games.
  • Reduced transaction costs and rising potential and growth of supporters.
  • Wider acceptance and adoption than other meme tokens.
  • Tremendous potential for expansion through an innovative rewarding system.

Cons:

  • A few practical applications with value mostly depending on conjecture.
  • Unpredictable regulatory climate.

Built on: Ethereum

Available on: Shibaswap

3. Dogecoin: Beloved Meme-powered Cryptocurrency

If Bitcoin (BTC) is the first cryptocurrency, then Dogecoin (DOGE) is the first meme token. Dogecoin was initially conceived as a form of parody of digital assets back in 2013. Through an accidental cryptocurrency movement, Dogecoin became the most popular meme cryptocurrency, with growing support for promoting the platform’s cultural phenomena and ideas to the world.

Dogecoin - Beloved Meme-powered Cryptocurrency

With a market cap of $23.39 billion, DOGE is highly valued in the cryptocurrency market. Many investors have turned to Dogecoin20 presales to obtain the maximum profits. Dogecoin20, an upgraded eco-friendly token with added function, is a profitable crypto project with numerous staking features and passive earning opportunities for its Discord and Telegram community members.

Pros:
  • A fun meme token for long-term investment portfolios.
  • Potentially vigorous price in the short-term.
  • Does not require token-burning marketing mechanisms.
  • Open-source, peer-to-peer crypto using blockchain technology.

Cons:

  • Risk of loss due to substantial market influence.
  • Potential lack of decentralization, introducing additional risks.

Built on: Dogecoin

Available on: Binance, Kraken, Coinbase, and more

4. Dogwifhat: Meme Coin Bringing Together Decentralized Finance

Dogwifhat WIF is a new meme token built on the Solana ecosystem, featuring high levels of growth with values jumping from $2.30 to $3.15 in over a week. Based on on-chart metrics, WIF has surged by over 28.8% within a month, with a market cap of $3.4 billion.

Dogwifhat - Meme Coin Bringing Together Decentralized Finance

It has managed to captivate a growing group of supporters dedicated to the expansion and growth of cryptocurrency and establish itself as a major player in the meme industry.

Pros:
  • Affordable prices for new investors and those who want to invest with small amounts.
  • A thriving community-supported website, active on various social media channels.
  • Listed on the most popular and reputable crypto exchanges, strengthening trust and confidence, and supporting investors in their trades.
  • Experiences strong price movements, recording both ATH and ATL in a month.

Cons:

  • Vulnerable to manipulation by large traders.
  • Does not possess a long operational history.

Built on: Solana

Available on: Binance, LBank, Bitget, BlueBit, and OKX

5. Pepe: Iconic Internet Culture Immortalized in Meme Cryptocurrency

The Ethereum-based PEPE is a deflationary meme coin inspired by Pepe the Frog. It has remained dominant in crypto market charts ever since its launch and experienced a rapid increase in 2023.

Pepe - Iconic Internet Culture Immortalized in Meme Cryptocurrency

PEPE has a huge community support, showcasing continued interest in PEPE investment. With a market cap of $3.64 billion, considering PEPE future price, this cryptocurrency is excellent for trading and investments in 2024.

Pros:
  • Low entry point attract new investors compared to established digital assets like Bitcoin.
  • A dedicated and strong community plays a crucial role in driving price and adoption.
  • Potential utility that goes beyond trading, enhancing its long-term appeal.
  • Inherently volatile, experiencing rapid price movements.

Cons:

  • Long-term utility and viability are uncertain.
  • The evolving regulatory landscape poses potential challenges.

Built on: Binance Smart Chain

Available on: Uniswap, Coinbase

Benefits of Choosing Meme Coins for Investment

Low Entry Barrier

Unlike traditional financial instruments and crypto tokens, new meme coins have a low entry barrier that requires significantly lower capital. Investments in meme currencies are possible for all traders with some capital and a stable internet connection. This low entry barrier democratizes trading opportunities, allowing investors to join the crypto market at a low cost.

Diversification in Portfolio

Adding top meme coins to an investor’s portfolio can help them with diversification benefits. By including meme tokens with various risk profiles, traders can reduce the amount of risk exposed and potentially help them improve overall returns.

Possible Early Adoption Potential

Although the meme coin market is extremely volatile, it also has immense potential to offer significant returns on investment. Early investors of the best new meme coins can experience explosive profits that prove the market’s profitability.

How to Invest in Meme Coins

Research

Understanding the origin of a meme coin provides valuable insight into its community, potential longevity, and purpose. While several meme coins boost innovative concepts and genuine communities, driving their popularity, others thrive solely on Internet frenzy and hype. Hence, every trader needs to conduct due diligence and do their own research that involves exploring the background of the developer’s team, scrutinizing whitepapers, and assessing community involvement and engagement.

Evaluate the Risks

Understanding and evaluating the risks involved in investing in tokens is paramount. Meme coins can be highly volatile, leading to rapid price fluctuation of meme tokens. Hence, investors need to evaluate the risks involved in meme coin investments.

Choose the Right Platform

Choosing a reputable crypto exchange is important to ensure the safety and security of client information and funds. Licensed and regulated platforms allow users to trade their favorite internet meme tokens alongside other digital assets.

Stay Informed

To turn meme coin investments into a profit, staying informed about the current movements is vital. Track crypto influencers, join discussions for deeper insights, participate in different online communities to acquaint yourself with market movements and technical analysis, and base decisions on information instead of emotional impulses or mere speculation.

Factors to Consider When Choosing the Best Meme Coins

Value proposition

All legit meme coins provide a specific value proposition that makes it unique in the marketplace. Numerous factors can be considered to assess the meme token’s value proposition, such as new programs or features that stand out, decentralized governance structure, and real-money benefits.

Liquidity

While choosing the best meme coins for investment, finding a token with liquidity that can easily turn funds into coins and vice versa without paying a huge markup is important. This is true for meme token prices that move rapidly and can lead to huge price changes, making it easy for traders to get the price close to the one they see quoted on the screen.

Tokenomics and Utility

Investors can find the best meme coins based on tokenomics, an important concept within the crypto space. Tokenomics is a combination of the terms “token” and “economics” that explores the essential aspects of the economy of a meme coin, including crucial factors like utility, price stability, governance, distribution, and supply. Investors must consider the tokenomics of their meme tokens to understand their influence over future prices and whether their chosen crypto project can achieve the objectives specified in their roadmap.

Market Trends and Sentiment

Analyzing market trends and sentiment can significantly sway a token’s valuation. The volatile nature of meme coins makes them susceptible to the different factors affecting the cryptocurrency market. Be it regulatory shakes, evolving market narratives, or tech breakthroughs, staying abreast of the latest updates and specializing in crypto sentiment evaluation are paramount.

Is Investing in Meme Coins Worth It?

Meme coins are generally community-driven, and their value can be volatile and speculative. They are marketed as lighthearted, fun tokens but there can be dark sides to this crypto edition. With a high concentration of meme investments, investors could potentially manipulate the cryptocurrency market with their position and affect token prices when they suddenly cash out their holdings. Since these coins are generally promoted by their creators on different social media platforms to drive up the prices and create initial hype, they can be highly risky but with potentially high rewards.

Nevertheless, investors have been making tons of money by investing in meme coins, being cautious, and following proper risk management strategies. Renowned for offering high-risk, high-reward opportunities, meme tokens are certainly worth it if traders allocate their funds rationally and avoid investing more than they can afford to lose.

Conclusion

Meme tokens are currently on fire and have gained substantially all around the world. Based on metrics, it is clear that Shiba Inu, Dogecoin, Dogwifhat, and Pepe all have witnessed considerable growth, while MAGA VP can be expected to experience substantial prices and dominate the meme market chart in 2024 and beyond.

FAQs

How is the Price of Meme Coins Defined?

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Meme tokens are prone to massive fluctuations over short periods, inspired by the hype surrounding the token. They usually possess an uncapped or massive supply, resulting in low value per coin.

Can You Create Meme Coins?

Yes, anyone can create meme coins by defining their concept and choosing a blockchain site on which the tokens will be created.

Which Exchange is the Best to Buy Meme Coins?

Binance is the best exchange for purchasing meme tokens with the highest security and lowest fees.

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