15 Best Meme Coins to Buy in April 2024

Kane Pepi
Kane Pepi | Verified by Alan Draper
Last updated: | 30 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.

To help you make informed investment decisions, we reviewed and ranked the best meme coins to buy in 2024. Before narrowing down our list to the top 15 meme tokens, we evaluated 60+ coins, based on four criteria: community strength, meme quality, market volatility, and development progress.

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

Best Meme Coins to Buy 2024

  • First truly multi-chain Doge token, promising interoperability across major blockchains
  • Easy to buy and claim $DOGEVERSE tokens during presale phase
  • Could be the next Doge-inspired coin to explode ahead of Doge Day
Project Launched
April 2024
Meta
Meme, Multi-Chain
Purchase Methods
  • ETH
    ETH
  • usdt
    usdt
  • Send SOL and wait for airdrop - the new way of doing presales
  • Over $10M raised, launches April 29
  • No hard cap total - first come first served
Project Launched
March 2024
Meta
Meme
Purchase Methods
  • 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
  • Buy and hold $SMOG to generate and earn airdrop points
  • 35% of supply reserved for future airdrop rewards
  • Viral potential after pumping over 1000%
Project Launched
February 2024
Meta
Meme, P2E
Purchase Methods
  • usdt
    usdt
  • Solana
    Solana
  • New meme coin offering an immersive experience via high-stakes battles
  • Participants can buy and stake $SHIBASHOOT tokens for rewards in excess of 25,000% 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
  • 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

Top Meme Coins List 2024

Here’s our list of the top meme tokens to invest in April 2024.

  1. Dogeverse (DOGEVERSE) — Best multi-chain meme coin, offering 219% staking APY.
  2. Slothana (SLOTH) — Newest Solana meme coin rumored to be from the makers of Smog.
  3. Sponge V2 (SPONGEV2) — Stake-to-bridge meme coin. Get 166% staking APYs.
  4. Smog (SMOG) — Popular meme coin promising the greatest Solana airdrop of all time.
  5. Dogecoin20 (DOGE20) — Top meme coin inspired by the Doge meme with over $10 million raised in presale.
  6. Poodl Inu (POODL) — Latest meme coin to go live on Uniswap; raised almost $3 million in presale.
  7. Dogecoin (DOGE) — The original meme coin with a market cap of more than $23 billion.
  8. Shiba Inu (SHIB) — Meme coin known as the ‘Doge Killer’, with a $13.9 billion market cap.
  9. Pepe (PEPE) — Established meme coin with over $2 billion market cap.
  10. Golden Inu (GOLDEN) — Multi-utility meme coin will burn 50% of its total supply.
  11. dogwifhat (WIF) — The biggest meme coin sensation in 2024.
  12. Floki (FLOKI) — Popular meme coin with real utility.
  13. Bonk (BONK) — Solana meme coin making a huge splash with 3,500% gain since launch.
  14. Lucky Boo (BOO) — Dog-themed meme coin, built on the Solana blockchain. Get airdrop rewards.
  15. Base Baboon (BOON) — Meme Coin on the Base Network Ethereum Layer 2 with auto liquidity and token burn.

Ranking The Best Meme Coins to Buy in 2024

With hundreds of new meme coins competing in the crypto investment space, it’s no easy feat for investors to select the best meme coins to buy 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 popular meme coins that could perform well in 2024. 

1. Dogeverse — Best Multi-Chain Meme Coin, Offering 219% Staking APY

Dogeverse (DOGEVERSE) is a unique dog-themed meme coin that’s compatible with six major blockchains: Ethereum, Binance, Polygon, and Solana, with Avalanche and Base coming soon. This multi-chain support opens the way to many meme coin traders and communities and allows them to get their hands on this new meme coin.

The website homepage of the best meme coin in 2024, Dogeverse

One of its main features is the staking APY that currently stands at 219%. Keep in mind, the APY will drop, which makes it important to stake as early as possible if you’re planning to participate in the presale and buy Dogeverse tokens.

Early investors have already taken advantage of this as over $4.6 million has been raised within a week of the ICO launch. This shows massive demand ahead of “Doge Day” this April 20th.

Only 15% of the 200 billion token supply will be made available in the presale, according to the Dogeverse whitepaper. This means only a small amount of tokens will be available early on, giving a massive opportunity to investors who buy the presale to potentially see huge gains during the bull run.

Detailed breakdown of the Dogeverse tokenomics
Dogeverse tokenomics

Follow Dogeverse on X and join the Dogeverse Telegram channel for the latest information.

Presale Started April 2024
Purchase Methods  USDT, ETH, BNB, MATIC, AVAX, and card
Chain Multi-chain
Min Investment None
Max Investment None

Visit Dogeverse

 

2. Slothana (SLOTH) — Newest Solana Meme Coin, Rumored to Be From the Makers of Smog

Slothana ($SLOTH) is a new Solana-based meme crypto, gaining massive investor attention. Unlike traditional presale campaigns, Slothana allows investors to directly send $SOL to the project’s wallet address in exchange for $SLOTH airdrops. This unique approach simplifies the investment process and eliminates the need for tiered pricing or timers.

The token raised over $10 million and showed strong investor interest shortly after its official launch. A key reason for this traction could be the project’s central figure (an office Sloth tired of its 9-5 job) that resonates with many investors.

Instructions on how to buy the Slothana meme coin, including the receiving wallet address

Since Slothana is built on Solana, it can provide high transaction throughput at a very low cost. The project aims to capitalize on the expected meme coin boom in April, especially with events like the Bitcoin halving and Dogecoin Day potentially boosting the market.

There is also speculation that Slothana may be linked to the founders of $SMOG, a Solana meme coin that provided huge returns to early investors. If true, this could add credibility to Slothana’s potential for success.

Slothana tweet explaining the coin, how to purchase during presale, and the receiving wallet address

Users can follow Slothana on X (Twitter) for the latest updates on exchange listings and project developments.

Presale Started March 2024
Purchase Methods  SOL
Chain Solana
Min Investment None
Max Investment None

Visit Slothana

 

3. Sponge V2 — Stake-to-Bridge Meme Coin Offering Over 160% APY 

$SPONGE was one of the most popular meme coins in 2023, combining its whimsical meme charm with strong marketing strategies. Now, this popular meme coin is using the stake-to-bridge mechanism to introduce the Sponge V2 token, which could very easily be the the next meme coin to explode.

The website homepage of the Sponge V2 meme crypto

In 2023, investors saw $SPONGE move from just a $1 million market cap to nearly $100 million in a few months. Now, investors have another chance to capitalize off this popular meme coin.

On the newly launched V2 smart contract, V1 token holders can stake their holdings to earn an equal amount of V2 tokens. Those who don’t hold Sponge V1 tokens can buy Sponge V2 on the website, and automatically stake their holdings.

This meme token will offer a minimum of 40% in staking APY through the smart contract — currently standing at 166%. As part of its expansion process, $SPONGEV2 will be a playable token on a new play-to-earn platform.

Sponge V2 staking APYs on Ethereum and Polygon and the number of meme coin tokens staked

Sponge V2’s P2E racing game will allow players to access a free and paid ecosystem. The paid version will allow token holders to climb up an online leaderboard and earn $SPONGEV2 as rewards.

Sponge V2 will look to capitalize on the popularity of the original Sponge token, which got listed on some of the best crypto exchanges such as MEXC and Gate.io. As part of its roadmap plan, the project aims to get listed on multiple CEXs in the coming years.

Read the Sponge V2 whitepaper and join the Telegram channel to learn more about this project.

Presale Started Dec 2023
Purchase Methods  ETH, MATIC, USDT, Card
Chain Ethereum
Min Investment None
Max Investment None

 

4. Smog — Trending Meme Coin Promising the Greatest Solana Airdrop of All Time

Smog, one of the latest meme coins on the market, takes our next spot in the best meme coins to buy. Built on the Solana blockchain, $SMOG was listed straight on the Jupiter decentralized exchange in February 2024 and now has a market cap of more than $87 million.

Currently as of April 18, 2024, SMOG is trading at $0.0934, which is down from previous 24 hour price by 0.96%.

The website homepage of the Smog meme token

In under 24 hours of its launch, $SMOG soared past a market cap of $28 million. In the last year, the token has appreciated more than 130%. The Smog developers state that this token has the potential to become the biggest coin on the Solana blockchain.

You can currently purchase $SMOG with ETH for 10% discount on the Smog token website, and stake it for a 42% APY. Alternatively, you can purchase the token on Jupiter, Raydium, or Birdeye at full price.

Coin NameSmog
Smog Price$0.0934
Smog Price Change 24h▲ 0.96%
Smog Price Change 7d▼ -24.92%
Smog Market Cap$72,789,882
Circulating Supply778,999,968 SMOG

To increase its community following, Smog is running one of the biggest airdrop crypto campaigns. From its 1.4 billion token supply, 490 million meme tokens will be offered to token holders via airdrops.

Currently, those who buy and hold $SMOG can start earning airdrop points. Smog will also host quests and challenges, allowing the winners to increase their airdrop points.

This meme coin has the potential to offer similar gains as Pepe, which also launched with a $2 million market cap. Currently, 15% of the token supply has been set aside for future CEX and DEX listings.

Read the Smog whitepaper and join the Telegram channel to learn more about this cryptocurrency.

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

Visit Smog

 

3. Dogecoin20 — Top Meme Coin with PoS Mechanism and Over $10 Million Raised in Presale

Dogecoin20 (DOGE20) follows in the pawprints of previous Shiba Inu-themed meme coins like Dogecoin and Shiba Inu. Built as an ERC-20 token on the Ethereum network, it offers a more sustainable alternative to some of the original Doge meme coins that use proof-of-work mining methods.

The website homepage of the Dogecoin20 meme coin

One of the top features of Dogecoin20 is its staking mechanism. By staking $DOGE20 tokens, you can profit passively.

The staking supply, allocated over two years, ensures a steady stream of rewards for participants. During the first year, a whopping 12.5% of the total supply is earmarked for rewards. This provides early adopters with an attractive incentive to join the ecosystem.

Currently, staking rewards are at 46% for presale investors. At its core, Dogecoin20 pays homage to the iconic Dogecoin while infusing a fresh twist into the landscape. The proof-of-stake mechanism offers a more sustainable alternative to coins like Dogecoin.

Dogecoin20 staking APY and number of meme tokens staked

With Elon Musk once again tweeting about Doge, as well as the current bull run, dog meme coins look set to explode. Meme coins have been enjoying a big boost recently, with tokens like WIF seeing huge gains in the last few months.

Follow Dogecoin20 on X and join the Telegram channel to keep updated on this new project.

Presale Started March 2024
Purchase Methods  USDT, ETH, and card
Chain Ethereum
Min Investment None
Max Investment None

Visit Dogecoin20

 

6. Poodl Inu — Latest Dog Meme Coin to Go Live, Raised Almost $3 Million in Presale

Poodle Inu ($POODL) is a new meme coin that rides the hype train of other dog-themed tokens like Dogecoin, Shiba Inu, Bonk, and dogwifhat. It’s now live — you can buy $POODL and grab your tokens right away.

The website homepage of the Poodl Inu meme coin

Moreover, there’s a generous crypto staking APY of 83% as of this writing. Of course, the APY won’t last for long — the more tokens are bought and staked, the more the APY will drop. Because of that, buying and staking as early as possible could be a prudent move.

Poodl Inu staking APY and number of meme tokens staked

To buy $POODL, connect your Ethereum wallet and use ETH, USDT, or a card to make the purchase. You can buy with BNB coins as well, but it’s not recommended as you won’t be eligible to earn the staking rewards.

Learn more about the presale on the Poodl Inu X profile or join the Poodl Inu Telegram channel.

 

7. Dogecoin — The Original Meme Coin

Dogecoin is the original meme coin. Created in 2013, it features the image of Kabosu, a female Shiba Inu dog. According to its founders, the coin was created as a joke, making fun of the frenzy surrounding cryptocurrencies at the time.

Ironically, Dogecoin went on to become one of the most successful cryptocurrencies ever created. The token did not see any notable price action in its first few years, but by the end of 2020, Dogecoin quickly rose in popularity, fueled by the Reddit army.

The website homepage of the original meme coin, Dogecoin

In 2021, along with the rest of the crypto market, the price of Dogecoin rocketed. The digital token hit an all-time high of $0.73 on May 08, 2021. Since then the token has endured losses, but is currently undergoing a recovery, reaching a market cap of more than $23 billion, and giving hope to traders wondering if Dogecoin still a good investment in 2024.

Coin NameDogecoin
Dogecoin SymbolDOGE
Dogecoin Price$0.150
Dogecoin Price Change 24h▲ 1.25%
Dogecoin Price Change 7d▼ -22.49%
Dogecoin Market Cap$21,608,908,285
Circulating Supply143,936,586,384 DOGE

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.

8. Shiba Inu — Best Meme Coin With Smart Contract Functionality

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. The digital token is built on top of the Ethereum network, and as such, it can operate alongside smart contracts.

But is Shiba Inu a good investment? For many investors who view Shiba Inu as a more attractive investment when compared to Dogecoin, its biggest competitor, 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.

Coin NameShiba Inu
Shiba Inu SymbolSHIB
Shiba Inu Price$0.0000227
Shiba Inu Price Change 24h▲ 4.73%
Shiba Inu Price Change 7d▼ -17.81%
Shiba Inu Market Cap$13,393,870,246
Circulating Supply589,289,410,812,691 SHIB

When Shiba Inu was released, the digital token was priced at $0.00000000051. The token’s value spiked in October 2021, reaching an all-time high of $0.00008 — translating to an increase of over 15,000,000%.

So, is it too late to buy Shiba Inu? Well, it’s still trading for a tiny fraction of a cent. At the time of writing, a single Shiba Inu token is priced at around $0.00003. In other words, with just $100, investors can get over 3 million Shiba Inu tokens with the best crypto apps.

9. Pepe — Established Meme Coin with Over $2 Billion Market Cap

Pepe Coin ($PEPE), a meme coin leveraging the infamous Pepe the Frog, has made significant waves in the cryptocurrency market since its launch in April 2023. Built on the Ethereum blockchain, Pepe Coin quickly surpassed a $1 billion market cap within just three weeks, outpacing the growth trajectories of well-established meme coins like Dogecoin.

The website homepage of Pepe, a popular meme crypto

The coin’s volatility remains high, yet the strong holder base underpins its market resilience. Originally introduced with a deflationary mechanism where tokens are burned with each transaction, Pepe Coin aimed to reduce supply and increase value over time. However, the future of this feature is uncertain with recent project changes.

Investing in Pepe Coin carries typical risks associated with volatile meme coins, intensified by recent turbulence such as the unexpected transfer of 16 trillion tokens, which caused significant price drops and community concern. Despite these challenges, the token saw a recovery after burning 6.9 trillion tokens and appointing new advisors, signaling ongoing project development and management’s efforts to stabilize and steer the coin towards growth.

Pepe Coin’s relationship with its community and the broader social media landscape has been pivotal. High-profile endorsements and social media discussions have spurred both positive spikes and negative dips in its valuation.

For those interested in purchasing Pepe Coin, it’s available through decentralized exchanges like Uniswap, where investors can swap ETH for $PEPE.

10. Golden Inu (GOLDEN) — New Deflationary Meme Token Offers a P2E Gaming Environment

While Golden Inu ($GOLDEN) may seem like another dog-themed meme coin, this new cryptocurrency offers a range of innovative Web3 and decentralized products. Here is a list of use cases that this new meme coin provides:

  • Golden Inuverse — Golden Inu’s play-to-earn ecosystem. Players can win $GOLDEN by completing in-game tasks and challenges.
  • Golden Quest — Community members can earn revenue through this job platform. Earn money for various skills, such as marketing and graphic design.
  • Golden Bazaar — Upcoming online marketplace which supports the buying and selling of goods using $GOLDEN.
  • Golden Dashboard — A data simplification tool allowing you to access important information about $GOLDEN. Access buy and sell data and information about the market cap.

The website homepage of the Golden Inu meme coin

Golden Inu also charges a 3% buying and selling tax per transaction. This has been implemented to reduce the maximum supply of 100,000,000,000,000,000. In the long term, over 50% of the total supply will be burned. Currently, $GOLDEN has a market cap of over $1.2 million.

The token is listed on several exchanges, such as Uniswap, Bitrue, and PancakeSwap. According to the roadmap, Golden Inu will look to secure new centralized exchange listings to help push the trading volume.

Follow Golden Inu on Twitter and join the Telegram channel to learn more about this cryptocurrency.

11. dogwifhat — The Biggest Meme Coin Sensation in 2024

Dogwifhat ($WIF), launched in late 2023, has quickly become a standout meme coin in the early 2024 crypto bull market. Ranking as the third largest meme coin by market cap, Dogwifhat’s dramatic rise is a testament to the renewed vigor in the meme coin sector.

The website homepage of the most successful meme coin to buy in 2024, dogwifhat

Initially trading on the Raydium DEX for Solana, it captured the crypto community’s attention with a low entry price, and then surged to a high of $0.3252 in December 2023 as it gained mainstream traction. Despite experiencing a dip to $0.067 in early 2024, Dogwifhat rebounded robustly, finding a steady trading range between $0.21 and $0.45.

Its market momentum accelerated with listings on major exchanges like Binance and Crypto.com, propelling it to a new all-time high. Dogwifhat’s market cap soared past $2.9 billion, joining the elite ranks of meme coins with billion-dollar valuations. 

Unlike many meme coins that pivot towards utility, Dogwifhat remains true to its roots — it is simply a dog in a hat. This simplicity, paired with a strong community and forthcoming features like the “WIF Hat Generator,” continues to attract investors looking for pure meme enjoyment rather than utility.

12. Floki — Popular Meme Coin with Real Utility

Floki, initially inspired by Elon Musk’s Shiba Inu dog, launched in July 2021. The project saw significant traction following Musk’s tweets, particularly when he announced the arrival of his dog Floki, leading to an immediate price surge. Despite an anonymous founder who left early on, Floki’s price skyrocketed by over 1.7 million percent from its all-time low to a high in November 2021.

The website homepage of the Floki meme coin

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.

Looking ahead to 2024, the upcoming Bitcoin halving and current bull market have propelled Floki’s value. 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 positions Floki as a promising yet risky investment.

13. Bonk — Hot Solana Meme Coin Up 3,500% Since Launch

Bonk is yet another Shiba Inu-themed Solana meme coin that launched with a massive airdrop on the Solana blockchain in December 25, 2022 as a Christmas gift to the community. The token’s launch coincided — perhaps not accidentally — with the resurgence of the Solana blockchain over the course of 2023.

In the past year, Bonk rose by a whopping 3,200% and Solana is up 630%, an enormous gain for a large-cap crypto.

Bonk is more than just a meme coin at this point. It’s listed on some of the world’s biggest exchanges, including Binance and Coinbase, so traders have been using it to bet on the future of the Solana ecosystem with leverage.

In addition, Bonk has its own blockchain-based tools including BonkSwap and BonkBot. The project even has its own NFT collections.

The website homepage of the Bonk meme token

Bonk doesn’t have a roadmap for the year ahead, so it’s difficult to say with any certainty what this meme coin will do next. However, time has shown that hot meme coins — especially ones with Shiba Inu themes — have surprising staying power.

We wouldn’t be surprised if Bonk is one of the biggest winners of the next crypto bull run, especially if the Solana ecosystem can keep up its momentum and attract more users.

14. Lucky Boo — Solana-Based Meme Coin Promising Huge Airdrop Rewards

The next best meme cryptocurrency to watch in 2024 is $BOO, the native token of Lucky Boo. Built on the Solana blockchain, Lucky Boo emerges as a new cryptocurrency investment opportunity.

$BOO is your lucky charm and a way for high-risk investors to potentially make soaring returns. On April 5th 2024, the $BOO token launched its first presale round. Notably, the first stage sold out within just a few days.

Website homepage of the Lucky Boo meme coin presale

To join the second presale round and buy Lucky Boo, investors can connect to the website with a compatible wallet, such as Phantom. Alternatively, you can directly send SOL tokens to Lucky Boo’s wallet address. 

For just 1 SOL token, you are rewarded with 1784444.44 $BOO tokens. Presale investors can also earn further rewards. Lucky Boo wants to conduct one of the greatest airdrop campaigns, through which additional $BOO tokens will be distributed among token holders. 

From a total supply of 8.1 billion tokens, 40% will be allocated through airdrops. Post the presale, $BOO will be listed on multiple decentralized and centralized exchanges. Read the Lucky Boo whitepaper and join the Telegram channel for more information. 

15. Base Baboon (BOON) — Meme Coin on the Base Layer 2 Ethereum Network with Auto Liquidity

Base Baboon is the first meme coin on the Base Network Ethereum Layer 2. With a simplified look and focus on bringing the best aspects of blockchain technology to the forefront, Base Baboon is a monkey-themed meme coin with the possibility to go viral in the short term while providing long-term benefits.

The website homepage of the Base Baboon meme token

While the project’s original goal is achieving a market cap of $1 billion, there are aspects of this meme coin that are community-led. These include possibilities for new perks, continuous development, and a robust marketing strategy. 

This base chain meme coin has a total supply of 420,690,000,000 and a fair distribution. 5% is for the developers, 5% for the marketing team, and 10% for the initial burn.

One of the key features of this project, however, is the deflationary mechanism. It includes a 3% marketing tax and 1% auto-liquidity generation with every transaction. 

Giveaways, updates, and community events are common in the Base Baboon’s ecosystem. To keep in touch with them, interested parties can follow Base Baboon on Discord, Twitter, and Telegram

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 any 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.

On the other hand, many meme coins have resulted in investors losing their money. For this reason, 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 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 meme coins to buy. In the following sections, we’ll 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 often 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 2021. 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 in earnest, and $DOGE reached $0.2 in March 2024, rewarding true DOGE diamond hands.

Dogecoin all time price chart 

More recent examples include Smog, which went from $0.02 to $0.38 in a matter of two weeks — an increase of 1,800%, resulting in huge gains for the earliest investors.

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 5,783% — 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 Can Offer Utility 

Meme coins, like other cryptocurrencies, can offer utility beyond their initial novelty or entertainment value. While some meme coins may have started as pure silliness, developers and communities sometimes enhance their utility over time.

Some merchants and online platforms may accept meme coins as a form of payment, providing users with a practical way to transact, while other meme coins can incorporate decentralized finance functionalities such as lending, borrowing, yield farming, or staking, providing users with additional financial opportunities.

When looking for the best meme coins for 2024, investors should consider whether the coins have the potential to offer any real utility. Having said that, potential is simply that — potential — and even a meme coin with a solid use case is not a cast-iron promise of its success.

Meme Coins Have Strong Community Backing 

When searching for the best meme coins to invest in, 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 Twitter 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.

Risks of Investing in 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 best meme coins to buy 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 also influenced by supply and demand. However, in the case of meme coins, the factors that affect the general market sentiment are slightly different.

For instance, since many meme coins don’t have any particular utility, the market performance of these tokens is often dictated by speculation. To determine the next meme coin to buy, investors should look into its community as well as the influencers associated with the respective token.

Needless to say, popular influencers and a strong community can be viewed as positive indicators. Sometimes, discussions on online forums can lead to a meme coin going viral.

When this happens, the community grows, interest piques, demand rises, and the price of the coin may go up. Similarly, even a tweet can affect the performance of a meme coin. For example:

  • If we take the case of Dogecoin, its pricing swings often go hand-in-hand with the tweets or actions of Elon Musk.
  • In December 2021, Musk tweeted that Tesla would accept Dogecoin as a payment method.
  • Following this, the price of Dogecoin increased significantly.
  • However, soon after the buzz from the tweets died down, the price also fell.
  • In fact, an investor even filed a lawsuit against Musk for influencing the price of Dogecoin.
  • A more recent rise saw Musk change the Twitter logo to a doge, prompting a huge surge in price and then a dramatic drop.
  • On February 26 2024, Musk posted that he “will get back on the meme grindstone,” with many users interpreting this as good news for Dogecoin, which was already back on an upward trend.
  • However, the biggest impact on Dogecoin’s price likely comes from Bitcoin’s meteoric price rise, which has lifted many smaller coins, including meme coins.

Meme coin tweet in February 2024 by Elon Musk

All in all, if one thing is clear, it is that meme coins are notoriously volatile. One way to mitigate the risk is to get educated about the project and to diversify across multiple cryptocurrencies.

 

Methodology: How We Ranked the Best Meme Coins 

The CryptoNews approach to ranking the best meme coins is designed to help you make an informed financial decision, but it should not be considered financial advice. Keep in mind that meme coins are highly volatile — always do your own research and do not invest more than you can afford to lose.

Community Strength (25%)

We evaluated the size, engagement level, and enthusiasm of the community supporting the meme coin across various social media platforms. We considered metrics like the number of followers on Twitter, members in Telegram/Discord groups, and active contributors on Reddit.

Meme Quality (25%)

Highly subjective, but the quality, humor, and virality of memes associated with the coin determine whether it has longevity, or whether it’s just a flash in the pan. We considered the extent to which memes resonated with the broader audience and drove engagement.

Market Volatility (25%)

Where possible, we measured the volatility of the coin’s price movements over a specific period, evaluating the stability of price fluctuations to gauge investor confidence and risk levels.

Development Progress (25%)

We evaluated the level of ongoing development and innovation within the coin’s ecosystem. We considered updates to the project’s codebase, community-driven initiatives, and partnerships that enhanced utility and credibility.

Conclusion: Which Is the Top Meme Coin in April 2024?

Dogeverse is the top meme coin for 2024. Four days into its presale, it has raised over $2.7 million in , signaling strong investor confidence. Its expansive multichain presence across top blockchains and a compelling 370% staking APY offer both high growth potential and lucrative returns, potentially making it an exceptional investment choice.

Visit Dogeverse

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 are the top meme coins to buy right now?

Top meme coins to buy right now include Dogecoin, Shiba Inu, and Dogeverse. Dogeverse stands out with its innovative multichain functionality, significant fundraising success, and high staking APY, offering both popularity and promising investment potential.

What meme coin should I buy in 2024?

Those looking for the best meme coins to buy in 2024 should look for new tokens that are emerging in the market. Dogeverse is a new presale token that offers a high-yield alternative 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 regarding the best investment opportunities often take place. Investors can also check out crypto aggregators to find out when new meme tokens are launching in the market.

References

About Cryptonews

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