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Pepe Unchained ($PEPU)
The Hottest Presale

16 Best New Meme Coins to Buy in July 2024

Alan Draper
Alan Draper | Verified by Sergio Zammit
Last updated: | 31 min read
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

We reviewed and ranked the best new meme coins to buy in 2024. Before narrowing down our list to the top meme tokens, we thoroughly researched 60+ coins, based on five criteria: market capitalization, community strength, meme quality, market volatility, and development progress.

We’ll go over our meme coin ranking methodology in detail, as well as our analysts’ process for identifying new meme coins, what influences their price and market cap, and the pros and cons of investing in these tokens.

Best New Meme Coins to Buy 2024

  • The Pepe meme gets its own Ethereum Layer-2 chain
  • Stake $PEPU to earn double the staking rewards through Layer-2 technology
  • Pepe Unchained aims to replicate the success of Pepe but with its own ecosystem
Project Launched
June 2024
Purchase Methods
  • ETH
    ETH
  • bnb
    bnb
  • usdt
    usdt
  • Bank Card
    Bank Card
  • +1 more
  • Gamified meme token rewarding presale buyers with token bonuses for winning events.
  • Buy $MGMES tokens and choose your athlete to participate in events in a bid to win more tokens for you.
  • Winnings from buying tokens in presale and entering Meme Games events claimable and stakeable in smart contracts.
Project Launched
July 2024
Meta
Meme
Purchase Methods
  • ETH
    ETH
  • usdt
    usdt
  • bnb
    bnb
  • Infinitely upgradeable AI meme coin, with modular technological capabilities.
  • Huge staking rewards available everyday during presale.
  • Presale price rises every two days - buy now to benefit from best price before listing.
Project Launched
April 2024
Meta
Stake-to-earn, Meme
Purchase Methods
  • ETH
    ETH
  • usdt
    usdt
  • Play-to-earn meme coin, transforming the iconic Doge meme into a Tamagotchi-style virtual pet.
  • P2E meme utility tokens looking bullish for summer - get in on this 40-stage presale early for biggest returns.
  • Token on the Binance Smart Chain, with a possible Binance CEX launch post presale
Project Launched
May 2024
Meta
Meme, P2E
Purchase Methods
  • bnb
    bnb
  • usdt
    usdt
  • Bank Card
    Bank Card
  • New meme coin offering an immersive Wild West crypto experience with high-stakes battles
  • Participants can buy and stake $SHIBASHOOT tokens for rewards in excess of 2,000% p/a
  • Token holders can cast votes on key project decisions and try their luck in the 'Lucky Lasso Lotteries'
Project Launched
April 2024
Purchase Methods
  • ETH
    ETH
  • usdt
    usdt
  • bnb
    bnb
  • Bank Card
    Bank Card
  • +1 more
  • New base meme coin that offers multi-chain purchases, staking rewards and share to earn functionality.
  • Combines the popularity of base with the appeal of dog meme coins that are dominating the crypto market.
  • Points from sharing Base Dawgz content can be redeemed for $DAWGZ tokens once the presale is complete.
Project Launched
June 2024
Meta
Meme, Share-to-Earn
Purchase Methods
  • usdt
    usdt
  • ETH
    ETH
  • Solana
    Solana
  • Trending meme coin with P2E utility & staking rewards
  • Price up 10x in past month, rumors of Binance listing
  • 12k+ holders and growing
Project Launched
December 2023
Meta
Meme, P2E
Purchase Methods
  • Bank Card
    Bank Card
  • usdt
    usdt
  • ETH
    ETH
  • Easy to integrate Dogecoin spinoff, celebrating 10 years of the original Dogecoin
  • Secure and transparent staking on ETH blockchain, with high passive rewards for holders.
  • Scheduled to be launched on major crypto exchanges in Phase 3 of roadmap, ensuring widespread accessibility and adoption.
Project Launched
June 2024
Meta
Meme
Purchase Methods
  • usdt
    usdt
  • Bank Card
    Bank Card
  • ETH
    ETH

Top Meme Coins with Market Cap

Total Meme Coin Market Cap: $50.16 billion (-4.41%)

Last 24-Hour Meme Coin Trading Volume: $5.40 billion (-35.9%)

Here’s our list of established and new meme coins for July 2024:

  1. Pepe Unchained – The world’s first Pepe token on its own chain
  2. The Meme Games – Olympics-themed, play-to-earn meme coin
  3. WienerAI — New dog-themed meme token offering an AI crypto trading bot
  4. PlayDoge – Play-to-earn mobile game featuring Doge as a playable character
  5. Shiba Shootout — Best Wild West-themed upcoming meme coin
  6. Base Dawgz — Multi-chain meme coin with staking and share-to-earn rewards
  7. Doge2014 – Commemorative spin-off of the iconic Dogecoin
  8. Baby Sinclair — AI-powered meme coin avatars for full metaverse integration
  9. Oracle Meme — New meme token decentralizes the meme creation process
  10. MAOCAT — Cat-themed upcoming meme coin with utility
  11. Dogecoin (Market Cap: $17.7 billion) — Most famous meme coin with widespread adoption
  12. Shiba Inu (Market Cap: $11.0 billion) — Popular meme coin known as the ‘Doge Killer’
  13. Pepe (Market Cap: $4.99 billion) — Top meme coin with unique cultural appeal
  14. dogwifhat (Market Cap: $2.14 billion) — The biggest meme coin sensation in 2024
  15. Bonk (Market Cap: $1.88 billion) — Leading Solana meme coin with high transaction speed
  16. Floki (Market Cap: $1.74 billion) — Popular meme coin; utility token of the Floki Ecosystem

Ranking The New Meme Coins to Invest in 2024

With hundreds of new meme coins competing in the crypto investment space, it’s no easy feat for investors to select the next meme coins for their portfolio.

Investors have to take extra care to educate themselves and do their own research about crypto meme projects before investing. Below, we have included our analysis of promising and upcoming meme coins that could perform well in 2024 along with their current market capitalization.

1. Pepe Unchained (PEPU) – Best Meme Coin Offering a Layer 2 Chain for the Pepe Ecosystem

First on our list is Pepe Unchained, a revolutionary Layer 2 blockchain that offers unmatched speed and minimal transaction fees. It’s designed for meme coin fans and operates 100x faster than Ethereum. By staking $PEPU tokens, you can earn double rewards, making it a top crypto to consider now.

Pepe Unchained presale website

The project stands out with its instant ETH to Pepe Chain bridging and a dedicated block explorer. These features enhance your investment experience. Participating in the presale gives you early access to significant rewards and growth potential.

To get involved, check out the whitepaper, follow Pepe Unchained on X, and join their Telegram channel. These resources will keep you informed and help you maximize your gains in the Pepe Unchained ecosystem.

Presale Started June 2024
Purchase Methods ETH, BNB, USDT, Card
Chain Pepe Unchained (Ethereum L2)
Min Investment None
Max Investment None

Visit Pepe Unchained

2. The Meme Games ($MGMES) – Newest Meme Coin Available; Olympics-Themed, P2E Crypto

The Meme Games is a fun new crypto project linked to the 2024 Olympics and Paralympics. Buy the platform’s native $MGMES token to participate its “169m dash” game. In this P2E game, you can pick one of five meme athletes: Doge, Pepe, Brett, Turbo, or dogwifhat, each representing a country.

The meme games presale website

If your athlete wins, you can get a 25% token bonus. You can buy tokens multiple times and pick different athletes each time to have more chances to win. Early buyers can get the tokens for just $0.009. The ongoing presale sale runs until the Olympics end. After that, you’ll be able to trade $MGMES on prominent DEXs.

The platform’s staking portal offers a 4,327% APY at the time of writing. However, this rate will decline as more investors join. Enter the project’s Telegram channel and follow The Meme Games on X to get the latest updates.

Presale Started July 2024
Purchase Methods USDT, ETH, BNB, Card
Chain Ethereum
Min Investment None
Max Investment None

Visit The Meme Games

3. WienerAI (WAI) — New Dog-Themed Meme Token Offering an AI Crypto Trading Bot

WienerAI is one of the best new meme coins to buy in 2024, combining humor with cutting-edge AI technology. This project stands out by offering an AI-powered trading bot packaged in a playful meme coin, attracting significant interest. The presale has already raised over $7.48 million, highlighting strong demand and investor confidence.

WienerAI presale website

WienerAI’s standout feature is its AI trading bot, which helps users find the best deals and offers MEV-resistant trade execution. This utility, combined with the coin’s meme appeal, sets it apart from other meme tokens. Early investors benefit from staking rewards, currently offering a 151% APY, and airdrops aimed at the community.

WienerAI is also aggressively marketing through social media and influencer campaigns to boost its visibility. To explore the project futher, check out the official WienerAi website. You can also follow WienerAI on X and join the Telegram group.

Presale Started April 2024
Purchase Methods USDT, ETH, BNB, MATIC, Card
Chain Ethereum
Min Investment None
Max Investment None

Visit WienerAI

4. PlayDoge (PLAY) – Doge Meme Coin Launching a P2E Mobile Game

The next best meme coin to buy in July 2024 is PlayDoge. This coin introduces a play-to-earn mobile game that transforms the iconic Doge meme into a Tamagotchi-style virtual pet, merging ’90s nostalgia with financial incentives.

playdoge presale website

In the PlayDoge game, you earn $PLAY tokens by taking care of your virtual pet and competing in mini-games. The app’s leaderboard showcases top performers who earn additional $PLAY bonuses and exclusive rewards. This unique blend of gaming and earning makes PlayDoge stand out.

Currently priced at $0.00519 in its presale, PlayDoge aims to raise $24.4 million through 40 rounds. For more information, join the PlayDoge Telegram channel and follow PlayDoge on X.

Presale Started May 2024
Purchase Methods BNB, ETH, USDT, Card
Chain BNB Chain
Min Investment None
Max Investment None

Visit PlayDoge

5. Shiba Shootout (SHIBASHOOT) — Best Wild West-Themed Meme Coin

Shiba Shootout is one of the best new meme coins to buy in 2024. This Wild West-themed coin immerses you in a digital frontier where players, depicted as cowboys, engage in battles and quests. Its standout feature is the engaging narrative and unique utilities like Cactus Staking, Campfire Tales, and Lucky Lasso Lotteries.

shiba shootout presale website

The project distinguishes itself with a strong community focus and immersive theme. The presale has launched with 35% of its 2.2 billion token supply available, a critical phase for gauging market interest. This initial offering is vital for building community engagement and setting the stage for future growth.

Token allocation includes community rewards, liquidity provisions, marketing, and project development. This balanced distribution supports both growth and functionality. Follow Shiba Shootout on X for the latest updates.

Presale Started April 2023
Purchase Methods ETH, USDT, BNB, Card
Chain Ethereum
Min Investment None
Max Investment None

Visit Shiba Shootout

6. Base Dawgz (DAWGZ) — New Multi-Chain Meme Coin with Share-to-Earn and Staking Rewards

Base Dawgz is the next meme coin to invest in for 2024. This innovative coin features a dog mascot that base jumps between blockchains, making it unique in the meme coin space. Its standout feature is the share-to-earn model, where active community members earn points by sharing content and can convert these points into $DAWGZ tokens.

base dawgz presale website

The project has allocated 15% of its total token supply for marketing, aiming to boost its reach and influence. Base Dawgz leverages a strong community, benefiting from the popularity of dog-themed meme coins. With a market cap of $1.81 billion (-4.8%) for Base meme coins and dog-themed coins dominating the top rankings, $DAWGZ has significant potential​.

Currently in its presale phase, you can buy $DAWGZ with BNB, ETH, USDC, USDT, SOL, and AVAX. The token price will rise periodically, rewarding early investors. Make sure to check out the Base Dawgz whitepaper and follow Base Dawgz on X and Telegram for more information.

Presale Started June 2024
Purchase Methods BNB, ETH, USDC, USDT, SOL, AVAX
Chain Multi-chain
Min Investment None
Max Investment None

Visit Base Dawgz

7. Doge2014 (DOGE2014) – Commemorative Spin-Off of the Most Iconic Meme Coin

Celebrating Dogecoin’s 10th anniversary, the new Ethereum-based meme token Doge2014 is gaining attention. Its presale is live, with tokens priced at $0.000276 each, mirroring Dogecoin’s 2014 inception price. This presale offers you a chance to capitalize on an early-stage meme coin’s potential.

doge2014 presale website

According to the Doge2014 whitepaper, the platform’s supply cap is 100 billion tokens. You can buy 60% of these tokens at a low price during the presale. The platform offers massive staking rewards, with an APY of 11,824%. However, this rate will decrease as more buyers join the staking pool.

The remaining supply is allocated for staking rewards (25%), marketing efforts (5%), and exchange liquidity (10%). Early engagement is high, with over 30 million tokens already staked. To stay updated and interact with the community, follow Doge2014 on X and join their Telegram channel.

Presale Started June 2024
Purchase Methods ETH, USDT
Chain Ethereum
Min Investment None
Max Investment None

Visit Doge2014

8. Baby Sinclair (CLAIR) — Next Meme Coin to Explode With AI-Powered Metaverse Integration

Baby Sinclair is the latest meme coin with massive potential to explode this year. After the launch of its first ICO, the token raised thousands of dollars in the first few hours, with its mascot, Clair Meme, at the helm. The development team behind the project is hoping the coin goes viral.

baby sinclair presale website

Baby Sinclair is more than a meme coin, though. The Baby Sinclair ecosystem allows token holders to devise their own meme coins which can then be used as avatars in the metaverse. Moreover, with the integration of AI programming, you are also able to give your avatar a voice and use it to engage, compete, and earn with others in the metaverse.

Baby Sinclair makes use of a profitable burn mechanism which sees 5% of the total supply burnt each quarter to help token scarcity and ensure price appreciation. Out of the total supply of 100 billion tokens, just 1% is available for presale. Baby Sinclair was built on the Ethereum blockchain; you can purchase the token with ETH, USDT, or USDC. For the latest information, follow Clair Meme on X and Telegram.

Presale Started April 2024
Purchase Methods ETH, USDT, USDC
Chain Ethereum
Min Investment None
Max Investment None

Visit Baby Sinclair

9. Oracle Meme (OMEME) – New Crypto Decentralizing the Meme Creation Process

Oracle Meme is one of the best new meme coins to buy in 2024, offering innovative tools for meme creation and cryptocurrency generation. The platform features a Meme AI Generator, allowing you to create and customize memes with AI-powered suggestions, and a meme coin generator for launching new meme cryptocurrencies easily.

oracle meme presale website

Oracle Meme also plans to build a Layer-2 network for efficient $OMEME transactions and a ‘Meme Wallet’ to store your memes on the blockchain. The Meme Launchpad helps you discover new meme coins and projects. These features make Oracle Meme a standout project in the meme coin space.

$OMEME is a governance token, giving you voting rights on ecosystem decisions. With a total supply of 50 billion tokens, 20 billion are allocated to the ongoing presale, which has raised over $440,000. The project also offers annual yield through its staking mechanism. For more information, read the Oracle Meme whitepaper, join the Telegram channel and follow Oracle Meme on X.

Presale Started May 2024
Purchase Methods ETH, BNB, MATIC, USDT
Chain Ethereum
Min Investment None
Max Investment None

Visit Oracle Meme

10. MAOCAT (MAO) – New Cat-Themed Meme Coin with Utility and Staking Rewards

MAOCAT is one of the best upcoming meme coins to buy in 2024. Built on Ethereum, it aims to challenge the dominance of Shiba Inu and Dogecoin. The coin’s standout feature is its utility beyond price speculation, offering staking options with dynamic APY of 81% to increase your token holdings.

maocat presale website

The project plans several exciting initiatives, including a 10,000 NFT collection, a play-to-win game, a DeFi-based swap, and an NFT marketplace similar to OpenSea. Additionally, $MAO will serve as a governance token, allowing you to vote on project developments, ensuring community-driven growth and decision-making.

MAOCAT’s roadmap includes three stages: the presale launch and infrastructure setup, token listing on exchanges and game development, and the launch of the game, NFTs, and marketplace. Currently, you can buy $MAO tokens in the presale with ETH, offering early investors favorable rates. For more information, read the MAOCAT whitepaper, follow MAOCAT on X, and join its Telegram channel.

Presale Started May 2024
Purchase Methods ETH
Chain Ethereum
Min Investment None
Max Investment None

Visit MAOCAT

11. Dogecoin (DOGE) — Most Iconic Meme Coin with Widespread Adoption (Market Cap: $17.7 Billion)

Dogecoin, created in 2013 as a joke, features the Shiba Inu dog, Kabosu. Initially made to mock crypto frenzy, it became a major player in the market. It is the original meme coin and remains highly popular.

In 2020, Dogecoin’s popularity surged, driven by Reddit users. In 2021, its price hit an all-time high of $0.738. Although it has faced losses since, it is now recovering with a market cap of $17.7 billion by July 17, 2024. You might wonder, “Is Dogecoin still a good investment?” Its recovery suggests potential.

Dogecoin remains the most famous meme coin, inspiring thousands of other meme tokens, including several on this list. It is widely accepted by various online merchants across the world. The token can be purchased from all the top crypto exchanges — check out our full guide on how to buy DOGE.

Coin NameDogecoin
Dogecoin SymbolDOGE
Dogecoin Price$0.120
Dogecoin Price Change 24h▼ -4.11%
Dogecoin Price Change 7d▲ 12.03%
Dogecoin Market Cap$17,476,817,330
Circulating Supply144,457,886,384 DOGE

12. Shiba Inu (SHIB) — Popular Meme Coin Known as the ‘Doge Killer’ (Market Cap: $11 Billion)

Following the success of Dogecoin, many other meme coins have performed well in the crypto market. At the forefront of this is Shiba Inu — a digital token created in 2020 that managed to succeed in mimicking the popularity of Dogecoin. Built on Ethereum, it can operate alongside smart contracts.

But is Shiba Inu a good investment? For many investors, the answer is a resounding “yes.” Shiba Inu is also compatible with a robust network of DeFi services, and is available on numerous exchanges and social trading platforms, allowing it to be easily integrated into other crypto ecosystems.

Initially priced at $0.00000000051, its value spiked in October 2021, reaching an all-time high of $0.0000881. This translates to an increase of over 15,000,000%. So, is it too late to buy Shiba Inu? No, it’s not too late to buy Shiba Inu. With a market cap of $11 billion and costing $0.0000173 per token, there’s plenty of room for price rises.

Coin NameShiba Inu
Shiba Inu SymbolSHIB
Shiba Inu Price$0.0000173
Shiba Inu Price Change 24h▼ -10.55%
Shiba Inu Price Change 7d▲ 4.99%
Shiba Inu Market Cap$10,252,457,823
Circulating Supply589,271,850,586,731 SHIB

13. Pepe (PEPE) — Top Meme Coin with Unique Cultural Appeal (Market Cap: $4.99 Billion)

Pepe is a meme coin based on the Pepe the Frog meme, launched in April 2023. Built on Ethereum, it quickly reached a $1 billion market cap in three weeks, surpassing Dogecoin’s growth. Its market cap now stands at $4.99 billion.

The coin has high volatility but a strong holder base supports its resilience. Initially, it had a deflationary mechanism, burning tokens with each transaction to reduce supply and increase value. Recent project changes have made this feature uncertain.

Investing in Pepe is risky due to its volatility and recent turbulence, including the unexpected transfer of 16 trillion tokens. However, after burning 6.9 trillion tokens and appointing new advisors, the coin showed signs of recovery. You can buy Pepe Coin on decentralized exchanges like Uniswap by swapping ETH for $PEPE.

Coin NamePepe Coin
Pepe Coin SymbolPEPE
Pepe Coin Price$0.0000118
Pepe Coin Price Change 24h▼ -0.69%
Pepe Coin Price Change 7d▲ 28.31%
Pepe Coin Market Cap$4,994,254,046
Circulating Supply420,690,000,000,000 PEPE

14. Dogwifhat (WIF) — The Biggest Meme Coin Sensation in 2024 (Market Cap: $2.14 Billion)

Dogwifhat, launched in late 2023, quickly became a standout meme coin in the 2024 crypto bull market. It’s the third-largest meme coin by market cap, showing strong growth in the meme coin sector.

Initially trading on Raydium DEX for Solana, it surged from a low entry price to $0.3252 by December 2023. After a dip to $0.067 in early 2024, dogwifhat rebounded, stabilizing between $0.21 and $0.45. Listings on major exchanges like Binance and Crypto.com propelled its market cap and token price to new heights, now costing $2.28.

Dogwifhat stays true to its meme roots, offering simple, pure enjoyment without utility. The upcoming “WIF Hat Generator” feature and a strong community keep it attractive to investors. You can purchase dogwifhat on 37 crypto exchanges, including Bybit, Gate.io, and KuCoin.

Coin NameDogwifhat
Dogwifhat SymbolWIF
Dogwifhat Price$2.28
Dogwifhat Price Change 24h▲ 3.45%
Dogwifhat Price Change 7d▲ 36.89%
Dogwifhat Market Cap$2,277,053,704
Circulating Supply998,905,951 WIF

15. Bonk (BONK) — Leading Solana Meme Coin Offering Blockchain Tools (Market Cap: $1.88 Billion)

Bonk is a Shiba Inu-themed Solana meme coin, launched with a massive airdrop on December 25, 2022. Its release coincided with Solana’s resurgence in 2023, boosting both Bonk and Solana significantly.

Bonk’s market cap reached $1.88 billion, making it more than just a meme coin. It’s listed on major exchanges like Binance and Coinbase, allowing you to easily purchase and trade $BONK. Over the past year, Bonk increased by +7314.06% while Solana surged by +501.37%, showcasing their potential in the next crypto bull run.

Bonk offers blockchain-based tools like BonkSwap and BonkBot and has its own NFT collections. Despite lacking a roadmap, Bonk’s Shiba Inu theme and strong performance indicate it could be a major winner in the next crypto bull run. Its simplicity and strong community make it a standout among Solana meme coins.

Coin NameBonk
Bonk SymbolBONK2
Bonk Price$0.0000269
Bonk Price Change 24h▼ -5.22%
Bonk Price Change 7d▲ 4.84%
Bonk Market Cap$1,811,140,810
Circulating Supply67,215,168,319,127 BONK2

16. Floki (FLOKI) — Popular Meme Coin with Real Utility (Market Cap: $1.74 Billion)

Floki, initially inspired by Elon Musk’s Shiba Inu dog, launched in July 2021. The project saw significant traction following Musk’s tweets. Later, Floki’s price skyrocketed by over 1.7 million percent from its all-time low to a high in November 2021. At the time of writing, it has accumulated a market cap of $1.74 billion.

Floki has a max supply of 20 trillion tokens, with nearly half currently in circulation. This distribution suggests potential price suppression in the future as more tokens enter the market. This is contrasted starkly with Shiba Inu, where all tokens are already circulating, presenting a different investment dynamic.

Community engagement is on the rise, and the coin’s integration into various utilities within its ecosystem hints at increased demand. Floki has transitioned from a simple meme coin to a utility-focused asset within its expanding ecosystem, which includes plans for a metaverse named Valhalla and a prepaid bank card. This shift towards real-world applications and community-focused events like NFT rewards makes Floki one of the best new meme coins.

Coin NameFloki Inu
Floki Inu SymbolFLOKI
Floki Inu Price$0.000179
Floki Inu Price Change 24h▼ -3.87%
Floki Inu Price Change 7d▲ 20.34%
Floki Inu Market Cap$1,718,694,107
Circulating Supply9,558,556,631,123 FLOKI

What Is a Meme Coin?

Meme coins are digital tokens that become popular due to their association with online trends. Initially, meme coins were produced as lighthearted jokes, heavily influenced by internet ideas and culture. Nowadays there are heaps of meme projects varying from the best BNB meme coins to the top multi-chain tokens based on memes.

Meme coins generally don’t have a specific utility. Instead, the price of these meme coins is often influenced by social media, discussions on online forums, and even celebrity endorsements.

As we noted above, Dogecoin was the first digital token to call itself a ‘meme coin.’ Following its success, an explosion of meme coins began to appear in the crypto market. Some of these, such as Shiba Inu and Bonk, are well-known among crypto investors and can be easily accessed on the best P2P crypto exchanges.

However, many meme coins have resulted in investors losing their money. Investing in meme coins comes with outsized risks as there is no way to predict how the market will move — even in the short term.

8 Ways to Identify New Meme Coins

After trying out dozens of methods for identifying new meme coins, our crypto experts have narrowed them down to the eight most effective ways:

  1. It’s community-driven. Meme coins often gain popularity through social media platforms, forums, and online communities.
  2. There’s a lot of social media hype around it. If you see a cryptocurrency being heavily promoted through memes and online discussions without clear fundamentals, it’s probably a meme coin.
  3. It doesn’t have a real purpose. Most meme coins don’t have a well-defined purpose or technology behind them and seem to be focused more on marketing or entertaining users.
  4. It has funny or quirky branding. Memes, Elon Musk, Japanese dogs — if it’s been in the public eye, someone’s come up with a meme coin for it.
  5. You don’t know who is behind it. Meme coins may lack transparency about their development team or have an anonymous team, rather than one that has been doxxed. An undoxxed team can be a red flag for investors.
  6. It’s very volatile — and you can’t tell what’s causing it. Meme coin prices are driven more by speculation and hype than by their actual value or utility, so they’re usually volatile without a clear reason why.
  7. Its tokenomics are as weird as its branding. Unusual tokenomics, such as a large total supply, a high inflation rate, or other features that deviate from more traditional cryptos are common features of meme coins.
  8. It has a short-term focus. Since they’re often based on a short-term phenomenon, such as a meme, their emphasis is often on quick gains instead of long-term sustainability.

It’s important to note that not all coins with off-beat branding are necessarily meme coins, and some meme coins may evolve to provide utility over time.

Should I Invest in Meme Coins?

As is evident from our list of upcoming meme coins, only a handful of these tokens come with unique value propositions and many have sudden rises, then fall, and never return.

This makes it even more challenging to figure out the best upcoming meme coins to buy. In the following sections, we discuss why investors might want to consider meme coins.

Meme Coins Could Produce High Profits

Despite their lack of utility, in most cases, meme coins have been responsible for some of the biggest moves seen in the crypto market. These extreme price shifts often happen due to the interest generated by supporting online communities.

For example, in 2021, Dogecoin saw its price go from around $0.009 to $0.68 — translating to gains of over 7,000%. After reaching its all-time high in 2021, the price of Dogecoin dropped to around $0.17 by the end of the year. This slump continued well into 2022 and 2023, with the price dropping under $0.06.

However, in the first quarter of 2024, the price started rising again as the new crypto bull run began. $DOGE reached $0.2 in March 2024, rewarding hodlers.

Dogecoin price chart all time

An even more extreme example is dogwifhat, which went from lows of $0.06 to highs of $3.53, sustained by the passionate community behind it. That’s an increase of more than 5,780%. No wonder that since then, other meme coins have been trying to capture some of their own ‘wif’ magic, with investors trying to figure out the crypto with the most potential.

dogwifhat price chart one year

The dark side of this magic formula is that the price can also drop to extreme levels as soon as the frenzy and demand wanes. This is why investors have to be extremely careful when risking their money on meme coins — it’s money they may never see again.

Meme Coins Have Strong Community Backing

When searching for the meme coins that will explode, investors should attempt to find those with a large community support. As we have pointed out, the community can play a significant role in influencing the price action of a meme coin.

Dogecoin X account

Individuals in the community can help spread the news of the coin, encourage others to invest, or make a token go viral. As such, social media platforms and online forums such as Reddit are good places to spot meme coins that might explode.

However, there’s no guarantee that a meme coin will increase in value exclusively due to its community backing. While there are one or two exceptions, it is a highly risky move to invest in a meme coin just because the project has a lot of followers on social media.

Large Cap Meme Coins vs New Meme Coins

You may wonder whether to invest in new meme coins like TON-based meme coins or Polygon meme coins, or stick with large cap ones like Dogecoin and Shiba Inu. Your choice depends on your risk profile and investment goals.

Established meme coins offer more stability and a proven track record. They are less volatile but have slower growth potential. New meme coins can provide high returns but come with higher risk. Both options have pros and cons to consider:

Pros and Cons of Established Meme Coins

Pros

  • Proven track record
  • Greater liquidity
  • Higher trust and credibility
  • Established user base

Cons

  • Lower potential for rapid gains
  • Increased competition among investors
  • Less hype and excitement

Pros and Cons of New Meme Coins

Pros

  • Higher potential for rapid gains
  • Opportunity to get in early
  • Fresh marketing and hype
  • Potential for unique features or innovations
  • Less competition among investors

Cons

  • Higher risk of loss
  • Less liquidity
  • Greater susceptibility to scams
  • Uncertain long-term viability

Risks of Investing in New Meme Coins

Investing in meme coins can potentially lead to huge gains, but it also comes with risks.

  • Lack of utility: Most meme coins lack any real utilities, with only a few exceptions. The value of a new meme coin is often based entirely on the frenzy fueled by social media platforms, which can fizzle out as quickly as it appears.
  • Extremely volatile: All crypto is volatile to some degree, but meme coins, which rely almost entirely on social media hype and the community’s enthusiasm for it, are even more volatile and unpredictable.
  • Potential scams: Many meme coin projects have turned out to be rug pulls. In other words, ventures where crypto developers abandon a project and run away with investors’ funds.
  • Limited information on the development team: Meme coins may lack transparency about their development team or have an anonymous team, in contrast to reputable cryptos that are usually backed by identifiable development teams.
  • Lack of regulation: Many meme coins operate in a less regulated environment compared to more established cryptos, making them a perfect breeding ground for malicious actors to manipulate markets and engage in fraudulent activities.
  • Poor security measures: Many meme coins are much more concerned with marketing than security, and end up launching without having robust security measures in place. This opens them up to hacking and other security breaches, which puts investors’ funds at risk.

Investors should be extremely careful when looking for the next big meme coin for their portfolio. If they manage to buy and sell at the right time, they might be able to make money from crypto meme coins.

But they could also lose all the funds they invested. The best strategy would be to focus on cryptocurrencies that have strong fundamentals that are likely to stand the test of time.

What Influences the Price of a Meme Coin?

As with any other investment, the price of cryptocurrencies is influenced by supply and demand. However, in the case of meme coins, the factors that affect the general market sentiment are slightly different. Here, we’ll discuss the top five factors that influence the price of a meme coin.

Going Viral on Social Media

Going viral on social media is a major driver behind the price spikes of meme coins, often fueled by hype and FOMO. When a meme coin gains traction online, its visibility and trading volume increase, often leading to a rapid rise in price. Influencers and viral posts can amplify interest and investment almost overnight.

To leverage this, monitor platforms like X and Reddit for trending topics. Use social media analytics tools, such as Hootsuite and Brand24, to track mentions and sentiment.

Investing early in meme coins that are gaining online momentum can be profitable. However, always assess the risk, as the hype can fade quickly, potentially leading to sharp price declines.

Overall Market Performance

Overall market performance significantly impacts the price of meme coins. When the broader cryptocurrency market is bullish, meme coins often see amplified gains due to increased investor confidence and speculative trading. Conversely, in bear markets, these coins may experience steeper declines.

To assess and capitalize on market trends, track indices like the total cryptocurrency market cap and Bitcoin’s performance, as these often dictate market sentiment. Utilize crypto tools like TradingView for real-time data and trend analysis.

All-time total crypto market capitalization on TradingView

Buying during uptrends and considering timely exits can maximize returns from meme coins, but careful risk management is essential to navigate their high volatility.

Exchange Listings

When a meme coin is listed on the best cryptocurrency exchanges, it gains increased visibility, accessibility, and credibility, often resulting in a surge in price due to higher trading volumes.

To take advantage of this, stay updated on exchange announcements and potential listings. Consider subscribing to newsletters from major platforms and joining their online communities.

By being among the first to know about upcoming crypto listings, you can buy into relevant meme coins early, potentially capturing gains from initial price spikes.

Token Burning Events

Token burning events are crucial for the price increase of meme coins because they reduce supply, making the currency scarcer. This scarcity can lead to higher prices if demand remains steady or increases. Such events are typical of deflationary cryptocurrencies that employ ways of burning tokens to enhance value.

Investors can track these events by following official coin announcements on social media or dedicated cryptocurrency news sites. For example, Coinradar allows you to search various crypto events by date and type, including scheduled token burns.

Coinradar token burning calendar

To capitalize on token burns, consider buying before announced burns and selling post-event to profit from potential price surges. Always verify the scale of the burn and its historical impact on the coin’s price to make informed decisions.

Celebrity Endorsements

Celebrity endorsements significantly boost meme coin prices by attracting widespread attention and investment. When well-known crypto influencers and KOLs (i.e., Key Opinion Leaders) publicly support a meme coin, their large followings often lead to increased buying activity, driving up prices.

To leverage this, investors should monitor social media platforms where celebrities and crypto influencers are active. Pay attention to sudden surges in followers or mentions related to specific coins.

Acting quickly on such endorsements can be profitable, but it’s vital to assess the authenticity and potential impact of the endorsement to avoid short-lived hype.

Methodology: How We Ranked the Best New Meme Coins to Invest In

Our methodology for ranking the newest meme coins to invest in is rigorous and multifaceted. We evaluate each coin based on factors like viral potential, community strength, market cap, tokenomics, and multichain compatibility. This comprehensive approach ensures our rankings reflect the coins with the highest investment potential.

Potential to Go Viral (25%)

Virality can significantly boost a meme coin’s visibility and trading volume, often leading to rapid price appreciation. We assess this potential by analyzing the coin’s engagement on social media platforms and its presence in influencer discussions.

For instance, a meme coin that consistently features in trending topics or is endorsed by well-known figures in the crypto community is more likely to attract investor interest and go viral. This metric accounts for 25% of our rating, highlighting its importance in predicting a coin’s growth potential.

Community Strength (25%)

Community strength is essential in ranking the next big meme coins because a robust, active community often indicates strong support and sustainability. We measure this by evaluating the size and engagement levels of the community on platforms like Reddit, Discord, and X.

For example, a coin with a high number of active participants and frequent discussions across these platforms typically suggests a committed base, which can drive demand and stabilize the coin’s value. This metric makes up 25% of our overall rating.

Attractive Market Cap (25%)

Market cap is a key indicator of a cryptocurrency’s market value and stability. It’s essential for assessing the financial health and size of a crypto project. Meme coins with lower market caps are often considered cryptos with the most upside, as they have more room to grow compared to larger, more established coins.

Investors looking for significant growth potential frequently target these low market cap cryptos for high profit opportunities. This key metric makes up 25% of our ranking methodology. We assess it by comparing a cryptocurrency’s market cap with industry trends and similar coins.

Well-Designed Tokenomics (15%)

Tokenomics refers to the economic policies that govern a cryptocurrency’s issuance and management. It includes details like total supply, distribution strategy, and transaction fees.

Well-designed tokenomics can drive demand and sustain a crypto’s value. For instance, a limited supply can enhance scarcity, potentially increasing value; whereas staking rewards for holding coins might encourage longer-term investment, promoting price stability.

We assess a project’s tokenomics by examining factors such as the total supply, distribution plans, staking rewards, and burn mechanisms. This consideration constitutes 15% of our rating methodology, since a coin’s economic structure is important for promoting sustainable growth and investor interest.

Multichain Compatibility (10%)

Coins that function on multiple chains are likely to have higher interoperability, accessibility, and utility, broadening its user base and potentially making them more valuable.

A prime example of this is Base Dawgz, a new meme coin that has successfully raised $2.54 million during its presale, largely due to its innovative multichain capability. Set to launch on five different blockchains, Base Dawgz exemplifies how interoperability via multichain support can attract a broad investor base.

To assess multichain compatibility, we examine if the coin is supported on major blockchains beyond its native one, such as Ethereum, Binance Smart Chain, or Solana. This factor accounts for 10% of our ranking methodology.

Conclusion: What Are the Top Meme Coins to Buy?

While Dogecoin takes the crown as the highest market cap crypto, Pepe Unchained is our pick for the best meme coin to buy in 2024. This new meme coin offers utility to token holders through its Layer 2 scaling solution. Players can earn huge $PEPU staking rewards while benefiting from the high level of security on Ethereum.

Visit Pepe Unchained

Top Meme Coins FAQs

What is a meme coin?

Meme coins are digital tokens that are usually designed around a popular internet trend or an idea. These might pay homage to a meme or a celebrity.

What is the largest meme coin by market cap?

The largest meme coin by market cap is Dogecoin, with a market capitalization of $18.1 billion.

What are the top 10 meme coins by market cap?

In July 2024, the top 10 meme coins by market capitalization are Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), dogwifhat (WIF), Bonk (BONK), Floki (FLOKI), Brett (BRETT), Mog Coin (MOG), Book of Meme (BOME), and Dog (DOG).

What are the top meme coins to buy right now?

Top meme coins to buy right now include Dogecoin, Shiba Inu, and Pepe Unchained. Pepe Unchained provides a Layer 2 chain for Ethereum offering a scaling solution to Ethereum’s high fees while offering huge $PEPU staking rewards.

What meme coin should I buy in 2024?

Those looking for the upcoming meme coins to acquire in 2024 should look for new tokens that are emerging in the market. Pepe Unchained is a new presale token that offers high staking rewards and more token utility compared to Dogecoin and Shiba Inu.

How do you invest in meme coins?

The most popular meme coins can be purchased via online crypto brokers and exchanges. Newly launched crypto projects also allow investors to buy their meme coins directly via a direct presale launch.

What is the best way to find new meme coins to buy?

One of the best ways to find the next meme coin that’s going to blow up is by consulting social media platforms and crypto Subreddits. This is where community discussions often take place. Investors can also check out crypto aggregators to find out when new meme tokens are launching in the market.

About Cryptonews

At Cryptonews, we aim to provide a comprehensive and objective perspective on the cryptocurrency market, empowering our readers to make informed decisions in this ever-evolving landscape.

Our editorial team, comprised of more than 20 professionals in the crypto space, works diligently to uphold the highest standards of journalism and ethics. We follow strict editorial guidelines to ensure the integrity and credibility of our content.

Whether you’re seeking breaking news, expert opinions, educational resources, or market insights, Cryptonews.com is your go-to destination for all things crypto since 2017.