19 Best New Meme Coins to Buy in October 2024
Why Trust Cryptonews
We reviewed and ranked the best new meme coins to buy in 2024. Before narrowing down our list to the top meme tokens, our crypto analysts collectively dedicated more than 600 hours to researching 300 coins based on five criteria: market capitalization, community strength, meme quality, market volatility, and development progress.
Our research showed that the most likely next meme coins to explode are Pepe Unchained, Crypto All-Stars, Flockerz, MemeBet Token, and Sponge V2. Below, we review each coin, share our ranking methodology, and review our analysts’ process for identifying the best 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
ETH
bnb
usdt- +1 more
- Meme coin project bringing together every top meme coin in the world.
- Features a revolutionary staking contract that allows all top meme coins to be staked on one singular platform.
- Stake $STARS for big rewards and claim your tokens at the end of the presale phase.
- ETH
- usdt
Bank Card- +1 more
- First-of-its-kind Vote-To-Earn DAO, giving holders the power to control the destiny of the project.
- Early adopters of this meme coin earn massive rewards for buying and staking their tokens during presale.
- 25% of supply reserved for staking $FLOCK tokens and watching rewards hatch.
- ETH
- usdt
- Bank Card
- +1 more
- A brand new play-to-earn casino that allows wagering with meme coins
- Exclusive rewards such as airdrops, bonuses and loot boxes for token holders
- A selection of thousands of crypto games to play, including a sportsbook
- ETH
- usdt
- Bank Card
- +2 more
- Trending meme coin with P2E utility & staking rewards
- Price up 10x in past month, rumors of Binance listing
- 12k+ holders and growing
- Bank Card
- usdt
- ETH
- 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'
- ETH
- usdt
- bnb
- +1 more
- 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.
- usdt
- Bank Card
- ETH
- Meme coin merging AI and blockchain in the travel industry, introducing a new way to explore the world
- No more manual searching for everyday adventures - PETE will fully automate your travel booking experiences
- Stake your $PETE tokens early and benefit from the coin's high APY
- ETH
- bnb
- Bank Card
- Dog meme coin with huge staking rewards
- Charity-focused coin where holders can vote on where to donate
- A portion of every transaction fee will go to the chosen recipients
- ETH
- Bank Card
Top Meme Coins with Market Cap
Total Meme Coin Market Cap: $55.4 billion (+9.5%)
Here’s our list of the best established and new meme coins for October 2024:
- Pepe Unchained (PEPU) — The world’s first Pepe meme token on its own chain
- Crypto All-Stars (STARS) — Upcoming meme coin staking platform with generous yields
- Flockerz (FLOCK) — Vote-to-earn meme coin with huge early staking rewards
- MemeBet Token (MEMEBET) — Meme-based, no-KYC Telegram casino with P2E rewards
- Sponge V2 (SPONGEV2) — Top meme coin offering a play-to-earn racer game
- Shiba Shootout (SHIBASHOOT) — Wild West-themed meme coin likely to explode
- Doge2014 (DOGE2014) — Commemorative spin-off of the iconic Dogecoin
- Baby Sinclair (CLAIR) — AI-powered meme coin avatars for full metaverse integration
- MemeLife (MEMELIFE) — Telegram-powered, no-code dApp for launching and trading tokens
- The Wolf of Bull Street (WOBS) — Upcoming DEX for trading meme coins and degen tokens
- BTC Bull Token (BTCBULL) — New meme coin for Bitcoin maximalists; offers staking and airdrop rewards
- TravelPETE (PETE) — Hot new meme coin redefining travel with AI
- Salukis (SALUKIS) – New doge-themed meme coin donates to charitable organizations
- Dogecoin (Market Cap: $1.25T) — Most famous meme coin with widespread adoption
- Shiba Inu (Market Cap: $1.25T) — Popular meme coin known as the ‘Doge Killer’
- Pepe (Market Cap: $1.25T) — Top meme coin with unique cultural appeal
- Dogwifhat (Market Cap: $1.25T) — The biggest meme coin sensation in 2024
- Floki (Market Cap: $1.35B) — Prominent meme coin; utility token of the Floki Ecosystem
- Bonk (Market Cap: $1.58B) — Leading Solana meme coin with high transaction speed
Ranking the New Meme Coins to Invest in 2024
The following are thorough reviews of the best new meme coins to buy in October 2024. Our ranking methodology is data-driven and precise. We update our list based on market trends, virality potential, community strength, market cap, tokenomics, and innovative features.
Each factor is weighted to reflect its importance in predicting success and reliability. This ensures we recommend the best upcoming meme coins to our readers, providing them with legitimate, impartial, and promising investment opportunities.
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.
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) |
| Starting Price | $0.008 |
| Current Price | $0.00993 |
| Price Increase | +24.12% |
| Raised So Far | $17.8 million |
2. Crypto All-Stars (STARS) – Upcoming Meme Coin Staking Platform With Generous Yields
Crypto All-Stars is one of the best meme coins to buy this month. That’s because holding this meme coin will allow you to earn generous staking yield for some of the most popular meme coins, including DOGE, BONK, TURBO, and SHIB, once the MemeVault feature launches.
Offered in a presale, $STARS is now at a discounted price, allowing early investors to buy the token and take advantage of the high staking yields in the MemeVault after the presale ends. During the presale, investors can stake their $STARS with a generous APY of 720%.
This is a dynamic APY that drops as more tokens are staked, making it prudent to stake early to increase your holdings. Make sure to follow Crypto All-Stars on X and join their Telegram group to stay up to date.
| Presale Started | August 2024 |
| Purchase Methods | ETH, USDT, BNB, Card |
| Chain | Ethereum |
| Starting Price | $0.00138 |
| Current Price | $0.0014828 |
| Price Increase | +7.45% |
| Raised So Far | $2.06 million |
3. Flockerz (FLOCK) – Latest Meme Token Offering Vote-to-Earn Rewards
Flockerz is an exciting meme coin project aiming to release a pioneering vote-to-earn mechanism to reward its token holders. $FLOCK, the project’s native token, offers community-powered utility by allowing users to vote on future changes to the meme coin campaign.
In the few days since the Flockerz presale release, the meme token has raised over $493,000. This signals positive sentiment among the meme coin community as Flockerz investors await the project’s expansion and decentralized autonomous organization (DAO) release called Flocktopia.
In addition to its revolutionary utility, the vote-to-earn token provides massive annual staking rewards of 3,842%. This rate can decrease over time as more investors buy and stake $FLOCK. At the time of writing, interested investors can purchase $FLOCK for $0.0057012 with ETH, USDT, BNB, or a credit card. Review the Flockerz whitepaper for more information, and join the Telegram channel for more updates.
| Presale Started | September 2024 |
| Purchase Methods | ETH, BNB, USDT, Card |
| Chain | Ethereum |
| Starting Price | $0.0055 |
| Current Price | $0.0057012 |
| Price Increase | +3.66% |
| Raised So Far | $493,000 |
4. MemeBet Token (MEMEBET) – Meme-Based Casino Platform on Telegram With P2E Rewards
MemeBet Token is an innovative crypto project combining the fun of meme coins with casino gaming. During the presale, you can buy $MEMEBET at a discounted price to play in the platform’s no-KYC Telegram casino.
You can bet with well-known meme coins like $WIF and $PEPE and get rewards by playing games and interacting with others. The platform will offer 70% of its token supply in the ongoing presale phase to early buyers. It has also reserved 20% of its supply for casino rewards.
Early buyers can get tokens for just $0.0256. However, this price will increase in the upcoming presale round. Join the MemeBet Token Telegram group and follow $MEMEBET on X to keep up with the latest updates.
| Presale Started | September 2024 |
| Purchase Methods | ETH, BNB, USDT, Card |
| Chain | Ethereum |
| Starting Price | $0.048 |
| Current Price | $0.0256 |
| Price Increase | +2.40% |
| Raised So Far | $382,000 |
5. Sponge V2 (SPONGEV2) – Top Meme Coin Offering a Play-to-Earn Racer Game
$SPONGE was an explosive meme coin that delivered a 100x return for early investors when it launched in May 2023. Now, it’s back with a new V2 token that promises even bigger gains and increased engagement through new features.
The new V2 token aims to achieve listings on major exchanges like Binance and OKX, potentially driving significant price increases. Additionally, the team plans to introduce a play-to-earn crypto game, further boosting community engagement and demand for $SPONGEV2.
With the V2 token launch on Polygon, planned exchange listings, a play-to-earn game, high staking rewards, and a strong community, $SPONGEV2 could be one of the best meme coins to buy in October 2024. For more information, read the whitepaper, follow Sponge on X, and join its Telegram channel.
| Presale Started | December 2023 |
| Purchase Methods | MATIC, USDT |
| Chain | Polygon |
| Starting Price | $0.00025 |
| Current Price | $0.0000245713 |
| Price Increase | -1.71% |
| Raised So Far | $340,000 |
6. Shiba Shootout (SHIBASHOOT) — Wild West-Themed Meme Coin Likely to Explode
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.
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 2024 |
| Purchase Methods | ETH, BNB, USDT, Card |
| Chain | Ethereum |
| Starting Price | $0.0187 |
| Current Price | $0.0205 |
| Price Increase | +9.63% |
| Raised So Far | $1.19 million |
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 $0.000324 each, mirroring Dogecoin’s 2014 inception price. This presale offers you a chance to capitalize on an early-stage meme coin’s potential.
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 1,069%. 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 |
| Starting Price | $0.00027 |
| Current Price | $0.000324 |
| Price Increase | +20.00% |
| Raised So Far | $542,000 |
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 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 |
| Starting Price | $0.0103 |
| Current Price | $0.0223 |
| Price Increase | +116.50% |
| Raised So Far | $29,000 |
9. MemeLife (MEMELIFE) – New Meme Project for Launching Tokens and Trading Using a Telegram Bot
MemeLife is a new meme coin to buy in October. It offers utility in addition to potential speculative gains. Those looking to launch tokens can do so via MemeLife’s Telegram bot without coding knowledge. The Telegram bot can also be used for trading, thanks to real-time data and analysis tools to help investors.
It offers referral and loyalty rewards via revenue sharing. MemeLife is built on Solana and has a total of 10 billion tokens; 30% of which are allocated to the presale. The token price will go up during the presale, starting from $0.001 and ending at $0.01.
Getting in early could help investors realize higher gains. The token is available for purchase with SOL, ETH, BNB, USDT, and USDC. Learn more about the project by following MemeLife on X and by joining their Telegram channel.
| Presale Started | April 2024 |
| Purchase Methods | SOL, ETH, BNB, MATIC, USDT, USDC, Card |
| Chain | Solana |
| Starting Price | $0.001 |
| Current Price | $0.001 |
| Price Increase | +0.00% |
| Raised So Far | $360,000 |
10. The Wolf of Bull Street (WOBS) – New Meme Coin DEX Powered by the Wolf of Bull Street Token
WOBS, also known as the Wolf of Bull Street Token, is more than a hot new meme coin — it enables a unique decentralized exchange (DEX) called WOBS DEX. This upcoming platform aims to revolutionize the trading game for degen meme coin enthusiasts and serious investors.
Designed to provide favorable transaction rates for $WOBS holders, the WOBS DEX will utilize efficient coin pairs to help traders optimize their investments. 10% of the total $WOBS supply will be allocated for liquidity. Liquidity providers for the DEX will receive airdrops for their support.
The Wolf of Bull Street is structured to incentivize early adopters with high staking rewards and an abundance of available tokens in its presale. 50% of the overall $WOBS supply will be used for its presale. Interested buyers can purchase the token with ETH, USDT, BNB, or a credit card.
| Presale Started | August 2024 |
| Purchase Methods | ETH, USDT, BNB, Card |
| Chain | Ethereum |
| Starting Price | N/A |
| Current Price | N/A |
| Price Increase | N/A |
| Raised So Far | N/A |
Visit Wolf of Bull Street Token
11. BTC Bull Token (BTCBULL) – Bitcoin-Inspired Meme Token With High APY and Token Burns
The BTC Bull Token is a revolutionary meme coin designed to ride the wave of Bitcoin’s journey to $100,000. It’s built for Bitcoin enthusiasts and operates on Ethereum for better speed and security.
By staking $BTCBULL tokens, you can earn a high dynamic APY of 3,756%. The project stands out with its unique token burn milestones tied to Bitcoin’s price increases and a 10% airdrop when BTC hits $100,000.
Participating in the BTC Bull Token presale will give you early access to these high rewards and growth opportunities as Bitcoin surges. To learn more about the platform and stay updated, check out the BTC Bull whitepaper, follow BTC Bull on X, and join their Telegram channel.
| Presale Started | August 2024 |
| Purchase Methods | ETH, USDT, BNB, Card |
| Chain | Ethereum |
| Starting Price | $0.000503 |
| Current Price | $0.0005 |
| Price Increase | +0.00% |
| Raised So Far | $14,000 |
12. TravelPETE (PETE) – Hot New Meme Coin Redefining Travel With AI
TravelPETE is a new meme coin that aims to bring the fun of traveling to the world of crypto. This fun token is built on the Polygon network and invites a community of travelers to go on a global adventure. It uses blockchain and AI technologies to revolutionize the travel industry.
Early buyers currently have an opportunity to participate in the presale for just $0.000485. You can grab $PETE at this discounted price before it hits the exchanges. Investors who buy $PETE during the presale can also earn a high passive income, at an APY of 36,443%.
The project aims to create an AI-powered travel assistant to make trips more personalized and easy. Join TravelPETE’s Telegram community and follow $PETE on X to learn about the project’s progress and new features.
| Presale Started | September 2024 |
| Purchase Methods | MATIC, ETH, USDT, BNB |
| Chain | Polygon |
| Starting Price | $0.00047 |
| Current Price | $0.000485 |
| Price Increase | +3.19% |
| Raised So Far | $6,500 |
13. Salukis (SALUKIS) – Dog-Themed Meme Coin Donates to Multiple Charities
Salukis is a new meme coin in 2024 that combines speed, safety, and charitable giving. Inspired by the resilient Saluki dog, this token is designed for fast transfers, secure staking, and a global mission to help those in need.
A portion of every transaction supports charitable causes, and you can track donations on their transparent platform. With a presale price of $0.3 per token, you can join early and take advantage of their phased staking program.
The project also offers numerous events and community challenges, where you can earn Salukis tokens. The ecosystem includes smart contracts, dApps, and strategic partnerships to enhance usability. To learn more about the project, go through the Salukis whitepaper and join the Telegram channel.
| Presale Started | September 2024 |
| Purchase Methods | ETH, Card |
| Chain | Ethereum |
| Starting Price | $0.3 |
| Current Price | $0.3 |
| Price Increase | +0.00% |
| Raised So Far | $2,800 |
14. Dogecoin (DOGE) — Most Iconic Meme Coin with Widespread Adoption (Market Cap: $16.21B)
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 $0.73. Although it has faced losses since, it is now recovering with a market cap of $16.21B by October 7, 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.
| Launch Date | December 2013 |
| Chain | Dogecoin |
| Current Price | $0.11 |
| 24-Hour Price Change | -0.41% |
| 7-Day Price Change | -5.87% |
| 1-Month Price Change | +17.14% |
| Year-to-Date Return | +81.43% |
15. Shiba Inu (SHIB) — Popular Meme Coin Known as the ‘Doge Killer’ (Market Cap: $10.53B)
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 $0.000088, and now is priced at $0.000088. So, is it too late to buy Shiba Inu? No, it’s not too late to buy Shiba Inu. With a market cap of $10.53B and costing $0.000017 per token, there’s plenty of room for price rises.
| Launch Date | August 2020 |
| Chain | Ethereum |
| Current Price | $0.000017 |
| 24-Hour Price Change | -1.93% |
| 7-Day Price Change | -0.18% |
| 1-Month Price Change | +38.10% |
| Year-to-Date Return | +147.67% |
16. Pepe (PEPE) — Top Meme Coin with Unique Cultural Appeal (Market Cap: $4.32B)
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 $4.32B.
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 on decentralized exchanges like Uniswap by swapping ETH for $PEPE.
| Launch Date | April 2023 |
| Chain | Ethereum |
| Current Price | $0.000010 |
| 24-Hour Price Change | +0.17% |
| 7-Day Price Change | -4.94% |
| 1-Month Price Change | +49.67% |
| Year-to-Date Return | +1351.67% |
17. Dogwifhat (WIF) — The Biggest Meme Coin Sensation in 2024 (Market Cap: $2.69B)
Dogwifhat, launched in late 2023, quickly became a standout meme coin in the 2024 crypto bull market. It’s the fourth-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 $2.69.
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 43 crypto exchanges, including OKX, Bybit, Gate.io, and HTX.
| Launch Date | November 2023 |
| Chain | Solana |
| Current Price | $2.69 |
| 24-Hour Price Change | +9.54% |
| 7-Day Price Change | +8.58% |
| 1-Month Price Change | +80.72% |
| Year-to-Date Return | +57113.50% |
18. Floki (FLOKI) — Popular Meme Coin with Real Utility (Market Cap: $1.35B)
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 802734.7% from its all-time low to today. As of October 7, 2024, it has accumulated a market cap of $1.35B.
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.
| Launch Date | December 2022 |
| Chain | Ethereum, Binance Smart Chain, and Base Chain |
| Current Price | $0.00014 |
| 24-Hour Price Change | +0.68% |
| 7-Day Price Change | -11.37% |
| 1-Month Price Change | +18.66% |
| Year-to-Date Return | +686.49% |
19. Bonk (BONK) — Leading Solana Meme Coin Offering Blockchain Tools (Market Cap: $1.58B)
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 $1.58B, 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 +10548.20% while Solana surged by +527.20%, 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.
| Launch Date | June 2021 |
| Chain | Solana |
| Current Price | $0.000022 |
| 24-Hour Price Change | +1.55% |
| 7-Day Price Change | -8.80% |
| 1-Month Price Change | +38.35% |
| Year-to-Date Return | +10548.20% |
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. Meme coins generally don’t have a specific utility. Instead, their price is influenced by social media, discussions on online forums, and even celebrity endorsements.
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. Just as you wouldn’t invest all your money in one stock, to reduce the impact of a single sector’s poor performance, consider spreading your investments across:
- Ethereum meme coins
- Solana meme coins
- BNB meme coins
- Polygon meme coins
- Cardano meme coins
- Base meme coins
- TON meme coins
- Avalanche meme coins
- Dog meme coins
- Cat meme coins
Chain-specific risks, like security flaws or high transaction fees, can impact your returns if concentrated in one chain. Diversifying across Ethereum, Solana, BNB, and others, can help you reduce exposure to any single network’s failures, spread risk, avoid heavy losses.
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:
- It’s community-driven. Meme coins often gain popularity through social media platforms, forums, and online communities.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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 tokens went 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.
In early 2024, as the new crypto bull run began, Dogecoin’s price started climbing again. $DOGE holders have seen significant gains of +81.43% year-to-date. Those who have held since its launch have profited greatly, as shown in the screenshot below.
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.
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.
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 like 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 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 value 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 utility, with 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.
- Extreme volatility: 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.
- Liquidity issues: Meme coins’ lack of liquidity can cause high slippage and volatile price swings, making it difficult to execute trades at desired prices and potentially leading to substantial losses
- 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.
- Pump and dump schemes: These schemes inflate meme coin prices artificially, then sell off quickly, leaving investors with losses.
- Lack of transparency: Meme coins may offer limited information 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.
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.
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.
About Cryptonews
Our goal is to offer a comprehensive and objective perspective on the cryptocurrency market, enabling our readers to make informed decisions in this ever-changing landscape.
Our editorial team of more than 70 crypto professionals works to maintain the highest standards of journalism and ethics. We follow strict editorial guidelines to ensure the integrity and credibility of our content.
Whether you’re looking for breaking news, expert opinions, or market insights, Cryptonews has been your go-to destination for everything cryptocurrency since 2017.
Michael Graw 
Kane Pepi 