7 Best Polygon Meme Coins to Buy in 2024

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Eliman Dambell

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Eliman Dambell

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Eliman Dambell was a news writer and editor at Bitcoin.com, FXStreet and Investing.com. He commentates on various markets, including Crypto, Stocks and FX.

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Last updated:

July 5, 2024 08:42 EDT

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As one of the top crypto blockchains, Polygon is a popular place for hosting different meme coins – a category that has experienced a significant rise in popularity in recent years. This has resulted in a wave of both new investors and long-term enthusiasts looking to capitalize on this moment.

Meme coins built on the Polygon network offer unique opportunities for high returns and community engagement. As we move deeper into 2024, it’s essential to identify the best Polygon meme coins to invest in to maximize potential gains and participate in thriving communities.

In this article, we’ll explore the top meme coins on Polygon to consider for 2024. We’ll provide detailed reviews of each coin, highlighting their unique features, market performance, and future potential. Additionally, we’ll explain what Polygon meme coins are and why they have become popular among crypto investors.

Best Meme Coins on Polygon Reviewed

Now that we have established the best Polygon meme coins list, let’s review each of them in more depth.

1. Dogelon Mars (ELON) – Best Polygon Meme Token With $83 Million Market Cap

Dogelon Mars is one of the most popular meme coins on the Polygon network, drawing inspiration from both Dogecoin and Elon Musk. The project was launched with the vision of becoming an interplanetary currency, with its price reaching “Mars,” implying an out-of-this-world valuation surge.

Since its release in 2021, Dogelon Mars has garnered significant traction in the crypto community. Its appeal lies in combining the Dogecoin internet culture with Elon Musk’s desire to reach Mars. These factors have contributed to it gaining a substantial following on social media, with over 460k followers on X (Twitter). The project is based on a comic book that is set in the year 2420, following the re-colonization of Mars.

Dogelon Mars benefits from its vibrant community, which actively promotes the coin through memes and social media campaigns, helping it reach a $83 million valuation. The project has a total supply of 1000 trillion tokens, which are currently priced at $0.0000001511.

ELON reached its record high of $0.00003263 on July 31, 2024. Despite its comical origins, Dogelon Mars has demonstrated resilience and potential for growth within the meme coin sector. Read or price prediction on ELON to see what its future could hold.

2. Bonk (BONK) – Viral Polygon Meme Coin with Daily Trading Volume of $300 Million

Originally launched on the Solana network in 2022, Bonk is a meme coin that has rapidly gained popularity due to its engaging community and playful branding. Positioned as a fun alternative to other meme coins, Bonk is also now available on the Polygon network, making it one of the biggest tokens in the ecosystem.

This tokens community is known for adopting the theme “for the people, by the people,” which helps keep the coin in the public eye and attracts new users. Currently, its market cap sits at over $1.3 billion, with a daily trading volume of $300 million. The Bonk project also aims to provide additional value through various initiatives, such as NFT integrations and partnerships with blockchain projects.

Bonk comes with a total supply of 93,008,333,295,130 tokens, and a price of $0.000021 per token at the time of writing. Overall, Bonk rallied to its record high of $0.00004704 in March 2024. The token is now trading at just over 50% below this peak. Check out our article on whether Bonk will reach $0.01 or $1 in the near future.

3. Shiba Predator (QOM) – Underdog Meme Coin Looking to Surpass Shiba Inu

Another interesting Polygon meme coin on our radar is Shiba Predator. The project aims to position itself as a formidable challenger to Shiba Inu by focusing on the community of investors who missed the SHIB boom cycle. This meme coin leverages the popularity of Shiba Inu while introducing the phrase, “To be the man, you got to beat the man.” Referencing its aim to outperform Shiba Inu.

According to its website, the project’s mantra is “QOM is a bird of prey, it hunts Shiba’s. I am QOM, you are QOM, we are QOM and there is a common goal without remorse,” At the time of writing, QOM is valued at $22.6 million, with a daily trading volume of $42,000.

QOM’s total supply sits at 1,000,000,000,000,000 tokens, with a circulating supply of 599,886,333,333,333 QOM. At its peak in April 2022, one Shiba Predator token cost $0.0000003867, with the price now sitting at $0.00000003777.

4. PolyDoge (POLYDOGE) – Vibrant Community Coin With Growing Fanbase

PolyDoge stands out as a native meme coin of the Polygon blockchain and is known for having one of the most vibrant communities on the network. This coin capitalizes on the advantages of the Polygon blockchain, offering token holders access to NFTs, airdrops, and various other DeFi tools.

The community behind PolyDoge is active, with over 40,000 followers on X (Twitter), which helped earn its birth on the cover of the crypto magazine. This was the first time in history that a community token earned such a feature.

PolyDoge’s appeal extends beyond its meme status, as it has been integrated into various DeFi platforms on Polygon. These integrations provide additional utility for the token, allowing holders to participate in staking, liquidity provision, and other DeFi activities. At the time of writing, POLYDOGE has a market cap of just over $9 million.

5. ApeCoin (APE) – Polygon and Ethereum NFT Governance Meme Coin

ApeCoin is a governance token that has captured the interest of the crypto community. The meme coin is an offspring of the popular Bored Ape Yacht Club NFTs and was built by Yuga Labs, which also created BAYC. ApeCoin has built a strong brand around this ape theme, and its community is highly active, frequently engaging in social media campaigns and promotional events to increase visibility and adoption.

ApeCoin’s utility extends beyond its meme status, with plans to integrate the token into various DeFi applications and gaming platforms. These integrations provide additional use cases for the token, attracting a wider audience and enhancing its value proposition. The project’s roadmap includes several initiatives aimed at expanding its ecosystem and fostering long-term growth.

Currently, the market cap for APE is $488 million, with a 24-hour trading volume of $62 million. In total, there are 1 billion tokens, with 60% of this currently in circulation. After peaking at $39.40 in 2022, 1 APE will now cost you $0.8122.

6. The Doge NFT (DOG) – NFT Offering Chance to Own DOGE Meme

The Doge NFT combines the iconic Doge meme with the growing trend of NFTs, creating a unique digital asset. This project allows users to own a piece of internet history by purchasing NFTs featuring the famous Doge. The community behind The Doge NFT is passionate and engaged, often participating in promotional activities and events.

In addition to its NFT offerings, The Doge NFT project aims to explore further integrations with DeFi platforms and other blockchain applications. These initiatives are designed to increase the utility and value of the token, attracting a broader audience and enhancing its appeal. The development team is committed to continuous innovation and expanding the project’s ecosystem.

At the time of writing, one DOG coin is priced at $0.004089, with a total supply of 16,969,696,969 tokens. Its all-time high of $0.04177 was hit back in 2021, during the NFT and mem coin boom cycle. It is currently trading over 90% below this point.

7. Cosplay Token (COT) – Polygon Ecosystem Token Targeting Cosplay Community

Cosplay Token (COT) stands out as a unique meme coin dedicated to the cosplay community. This project aims to create a platform where cosplayers can showcase their work, interact with fans, and monetize their content through the use of COT tokens. The community behind Cosplay Token is vibrant and creative, frequently engaging in events and promotional campaigns to raise awareness and attract new users.

The Cosplay Token project plans to integrate with various DeFi applications, providing additional utility for the token. These integrations will allow users to participate in staking, liquidity provision, and other DeFi activities, enhancing the token’s value proposition. The project’s roadmap includes several initiatives aimed at expanding its ecosystem and fostering long-term growth.

Presently, COT has a market capitalization of $13.8 million, at a price of $0.01482 per token. There are 1,000,000,000 Cosplay tokens in total, and at their height, one COT costs $0.3572. With the price a significant distance away from this level, there is some upside potential for current believers.

What Are Polygon Meme Coins?

Polygon meme coins are cryptocurrencies that operate on the Polygon blockchain and are primarily driven by community interest, social media hype, and internet memes. These coins leverage the benefits of the Polygon network, such as low transaction fees and high scalability, to offer an alternative to meme coins on other blockchains like Ethereum.

Meme coins on Polygon often start as humorous or community-driven projects but can grow in value and utility over time, depending on community support and developer activity.

Meme coins have become a notable aspect of the cryptocurrency market, known for their viral marketing and the ability to engage a broad audience. While some meme coins are purely speculative, others have developed unique ecosystems and use cases, integrating with decentralized finance (DeFi) platforms or non-fungible tokens (NFTs). Polygon’s efficient infrastructure makes it an attractive environment for launching and trading meme coins, providing a solid foundation for these projects to thrive.

Is There a Future for Meme Coins on Polygon?

Meme coins have a promising future on the Polygon network due to their robust scalability, low transaction fees, and compatibility with Ethereum. Polygon, as a Layer 2 solution, addresses some of Ethereum’s limitations, such as high gas fees and slower transaction times, making it an appealing choice for developers and investors alike. This infrastructure advantage allows meme coins on Polygon to benefit from quick and cost-effective transactions, enhancing their overall utility and attractiveness.

However, despite these advantages, Polygon’s position as an Ethereum Layer 2 solution means it will likely never surpass Ethereum’s popularity and market dominance. Ethereum’s extensive ecosystem and established user base give it a significant edge. Hackers also targeted the network, stealing over $600 million from the blockchain. Nonetheless, with continuous improvements and growing adoption, Polygon will remain a critical player in the crypto space, providing a fertile ground for innovative projects, including meme coins.

Conclusion

MATIC meme coins present an intriguing opportunity for investors and enthusiasts looking to explore the meme coin market with lower transaction costs and faster transaction speeds. While Polygon may not rival Ethereum in popularity, its efficient infrastructure provides a solid foundation for meme coins to develop and thrive.

As the crypto space continues to evolve, meme coins on Polygon could play a significant role, offering unique opportunities for growth and engagement.

FAQs

Does Polygon have meme coins?

Yes, Polygon has several meme coins that leverage its scalable and low-fee infrastructure to provide an efficient trading experience for users.

What is the biggest meme coin on Polygon?

One of the biggest meme coins on Polygon is Dogelon Mars (ELON), which has garnered substantial attention and strong community support.

What is the best meme coin to buy on Polygon?

The best meme coin to buy on Polygon depends on individual preferences and market research. Popular options include Dogelon Mars (ELON) and PolyDoge (POLYDOGE).

Is it worth buying meme coins on Polygon over other networks?

Buying meme coins on Polygon can be worth it due to the network’s low transaction fees and high scalability. However, potentially you should consider the overall market environment and specific project details before investing.

References

1. A look at BONK the meme coin up 1,600% (CNBC)
2. How hackers stole $613 million from Polygon (Reuters)