10 Best Ethereum Meme Coins to Buy in 2024

Due to their recent successes, investing in meme coins has become increasingly popular for both cryptocurrency and mainstream investors. While blockchains such as Solana and Base have birthed recent viral projects like Dogwifhat and Brett, Ethereum has long been one of the leading blockchain platforms for meme coins. Many of the leading meme coins, like Shiba Inu and Bonk, are built on its network.

In this guide, we shall explore some of the top Ethereum meme coins to consider adding to your portfolio in 2024.

Reviewed: The Best Ethereum Meme Coins

Now that we have established the gone through the Ethereum meme coins list, it is time to explore each of these individually. Whilst some are household names with the cryptoverse, like Shiba Inu, there are also some lesser-known meme coins with high potential. We’ve ranked these based on future earning potential for investors who are looking to invest in the current year.

1. Dogeverse (DOGEVERSE) – Best Ethereum Meme Coin With $6.9 Million Raised in Presale

Dogeverse ($DOGVERSE) aims to create a decentralized universe for meme coin enthusiasts, offering innovative projects and utilities within its ecosystem. Although predominantly operating on the Ethereum blockchain, DOGEVERSE is also available on Solana, BNB, Avalanche, and Polygon.

The aim is to diversify the community by allowing non-Ethereum meme coin enthusiasts to participate in its growth. So far, this has worked, as the project has raised over $6.9 million in its presale.

There is a total supply of 200,000,000,000 tokens, 15% of which was set aside for its presale. 50% has been divided towards marketing and project funds, respectively, 20% to staking rewards and ecosystem funds, and the remaining 5% set for exchange listings.

Below are some key facts about Dogeverse. Follow the project on X and Telegram for more real-time updates.

Visit Dogeverse

2. Shiba Inu (SHIB)  – Largest Meme Coin on ERC-20 Network

Shiba Inu has become a cornerstone in the world of meme coins, celebrated for its meteoric rise and robust community support. Initially created as a fun alternative to Dogecoin, SHIB has evolved into a full-fledged ecosystem with its decentralized exchange, ShibaSwap.

It currently has a market capitalization of $13.4 billion, with a daily trading volume of $642 million, making it the 11th largest cryptocurrency in the world.

Overall, there are 589 trillion SHIB tokens in circulation, and at the time of writing, these are valued at $0.0000229. At its peak in 2021, a single Shiba Inu token would cost you $0.00008845; however, the price is now trading 74% below this point after the post-pandemic boom cycle.

3. Pepe (PEPE) – Viral Ethereum Meme Token Surged by 7,000% in 1 Year

Pepe capitalizes on the iconic Pepe the Frog meme, transforming it into a digital asset that combines humor with serious cryptocurrency technology. Known for its distinct community culture and grassroots marketing strategies, PEPE has cultivated a unique niche within the Ethereum network.

Since launching in May 2023, Pepe has become a top 50 cryptocurrency and cemented a market cap of $2.2 billion. The token has risen by over 7,000% since its launch, mostly led by a huge social media following.

Presently, one PEPE token will cost you $0.000005174, with a total supply of 420 trillion tokens. The Ethereum meme coin rose to a high of $0.00001074 earlier this year, however has since slipped as traders secured gains.

Read our guide to see more of the best meme coins in 2024.

4. Floki (FLOKI) – The Community-Powered Meme Coin Inspired by Elon Musk’s Pet

Floki is inspired by Elon Musk’s pet dog of the same name and has garnered significant attention due to this association. Designed to merge the playful spirit of meme coins with practical use cases, FLOKI offers various utilities, including educational platforms called the University of Floki.

Known as the people’s cryptocurrency, Floki has taken a community-driven approach and emphasizes direct involvement from its holders in decision-making processes, which has helped build a strong and active following.

Floki has a market cap of $1.3 billion, making it a top 65 cryptocurrency. In total, there are 9.7 trillion FLOKI tokens, which reached a record high of $0.0003437 per token in 2021. It is currently trading 59% lower than its peak.

5. Base Baboon (BOON) – the Playful Ethereum Meme Coin Promoting Environmental Conservation

Base Baboon is a Layer 2 Ethereum blockchain meme coin that distinguishes itself by maintaining a lighthearted and entertaining demeanor. Through its innovative deflationary tokenomics and community-focused approach, BOON stands out as a promising Ethereum meme coin with a purpose-driven mission.

BOON peaked at $0.00001425 earlier this year. However, this has since plummeted and is currently trading 97.5% below this high.

There are 416 billion BOON tokens, and at the time of wiring, over 10% of the supply has already been burned. This has helped improve its scarcity. Despite its current decline, the project aims to eventually reach a $1 billion market cap

6. Kishu Inu (KISHU) – the Ethereum Meme Coin Built on Transparency and Community

Kishu Inu stands as a testament to the power of community and decentralization within the cryptocurrency space. Born on the back of the success of DOGE, KISHU has rapidly gained traction among crypto enthusiasts seeking to participate in a decentralized ecosystem driven by community engagement and innovation.

KISHU rewards its community by giving holders a 2% bonus from every transaction of current active users. This has helped the token reach a $42 million market cap.

Back in May 2021, KISHU reached a record high of $0.00000002, which came during the last meme coin Boom cycle, which also saw Dogecoin and SHIB reach all-time highs.

7. HOGE (HOGE) –  The Ethereum Meme Coin Pioneering Auto-Staking

HOGE, formerly Hoge Finance has gained recognition for its DeFi auto-staking, leveraging meme culture to drive social impact and financial empowerment. Hoge is also operating with deflationary tokenomics, with 1% of that tax levied and sent to its burn wallet following each transaction.

Another 1% is then redistributed to all wallets holding HOGE outside of centralized exchanges. There is a total supply of 393 billion HOGE tokens, 500 Billion of its initial 1 trillion supply has been burned.

At its highest point in 2021, one HOGE token cost $0.0009634, however at the time of writing this, it is over 90% below that level.

8. BabyDogeCoin (BABYDOGE) – Community-Driven Token Adding Utility and Charity to Meme Ecosystem

BabyDogeCoin emerges as the infant child of Dogecoin, using what it has learned from the older dog to apply new tricks to the Ethereum meme coin community. BABYDOGE seeks to capitalize on the popularity of dog-themed tokens while building a community through charity and utility.

It sets aside 5%  from each transaction on its ecosystem, which is automatically redistributed to token holders. The token reached a record high of $0.000000006356 in January 2022 before plummeting.

Despite this, BABYDOGE currently has a total market value of $249 million and a daily trading volume of $5,134,243. Overall, there are 205,598,276,689,105,950 tokens in circulation.

9. MAGA (TRUMP) – Controversial Ethereum Meme Coin Championing MAGA Politics

MAGA has garnered attention for its bold embrace of political ideologies and its association with the “Make America Great Again” movement. As a meme coin with a clear political agenda, MAGA (TRUMP) aims to promote and support the principles and policies advocated by its namesake.

Despite its divisive nature, MAGA (TRUMP) has attracted a dedicated following among supporters of its ideological platform, reflecting the intersection of meme culture and political activism within the Ethereum ecosystem.

Launched in 2023, the token has gone on to build a market capitalization of $211 million, with a total amount of 46 million tokens. It reached a record high of $11.56 in March 2024, however, it is now trading over 50% below that mark.

10. Akita Inu (AKITA) – Ethereum Meme Coin Dedicated to Community Governance

Akita Inu (AKITA) has swiftly emerged as one of the most prominent Ethereum-based meme coins, driven by its rapidly expanding community. With a focus on its holders, the Akita Inu DAO aims to create decentralized applications that serve to benefit holders of the AKITA.

Holders of the community-owned token are also able to propose new developments within the ecosystem and participate in votes centered around project governance.

At its peak in 2021, one token was worth $0.00002886. However, the value has significantly dropped and is now trading over 90% below its record value. This was largely due to a shift in appetite for high-risk meme coins; however, this could change in the future.

What are Ethereum Meme Coins?

Ethereum-based meme coins are cryptocurrencies built on the Ethereum blockchain that often gain popularity through viral internet memes and social media trends. These coins typically have playful or humorous themes and are characterized by their community-driven nature. As an extension of Ethereum’s versatile smart contract functionality, meme coins often serve as a form of digital expression, reflecting internet culture and trends in a decentralized manner.

One of the key benefits of Ethereum for meme coins is its robust and established blockchain infrastructure. Ethereum’s blockchain provides a solid foundation for meme coin projects, offering secure and reliable transaction processing, as well as a wide range of development tools and resources.

How We Ranked The Best Ethereum Meme Coins

During our research of the best Ethereum meme coins, we considered several key factors to identify the top contenders in this competitive space. These include traction, price movement, and upside potential.

Most Online Traction – 30%

We placed strong emphasis on each Ethereum meme coin’s online traction, recognizing that social media trends and news coverage play a crucial role in driving momentum within the crypto community — especially for meme coins. Coins that consistently trend and generate buzz online are more likely to experience sustained growth and adoption.

Bullish Price Movement – 25%

Additionally, we assessed the price movement of each Ethereum meme coin, prioritizing those that have demonstrated bullish momentum and potential for future appreciation. Coins with a track record of strong price performance and positive market sentiment were given higher rankings in our evaluation.

Upside Potential – 25%

Considering the speculative nature of meme coins, we evaluated the upside potential of each coin, focusing on factors such as market capitalization, circulating supply, and growth prospects. Coins with lower market caps and promising fundamentals were deemed to have higher upside potential, provided they met other criteria for consideration.

This is why Dogeverse was at the top of our list. Although it has yet to launch, it has already generated a strong social media presence and raised nearly $7 million during its presale.

Assessment of Tokenomics – 10%

Next, we thoroughly analyzed the tokenomics of each Ethereum meme coin, paying particular attention to factors such as token supply, distribution, and inflationary mechanisms. Coins with well-designed tokenomics, including a fixed or deflationary supply, were viewed more favorably in our rankings.

Roadmap and Marketing Strategy – 10%

Lastly, a deep dive into the roadmap and marketing strategy of each meme coin, assessing the project’s plans for future development and community engagement. Coins with clear objectives, innovative features, and proactive marketing efforts received higher scores in this category.

Top Ethereum Meme Coins by Market Capitalization

Here is a table showcasing the top Ethereum meme coins by market capitalization, providing key metrics such as total supply, current price, and price change over the last 7 days.

Conclusion

The use of Ethereum memes represents a vibrant segment of the cryptocurrency market, offering both opportunities and challenges for investors and enthusiasts alike. By considering factors such as online traction, price movement, tokenomics, and marketing strategy, Dogeverse stands out as the best token on this network.

Although it has not yet reached the heights of Shiba Inu, Pepe, and Floki, it has significant upside potential and has already raised a strong presale round to the tune of $7 million.

Visit Dogeverse

FAQs

What meme coins are built on Ethereum?

Meme coins built on Ethereum include Shiba Inu (SHIB), Dogeverse (DOGEVERSE), Pepe (PEPE), and many others.

What is the best meme coin on Ethereum?

Dogeverse stands as the best Ethereum meme coin in the market and has the most upside potential due to its low market cap.

What is the best way to buy Ethereum meme coins?

The best way to buy Ethereum meme coins is by using centralized exchanges, decentralized platforms, or presales.

 Are Ethereum meme coins a good investment?

Investing in Ethereum meme coins carries risks and rewards, necessitating thorough research, assessment of project fundamentals, and consideration of risk tolerance.

References

1. Meme coin SHIB moves to a record high (CNBC)
2. Ethereum Gas Fee Surges to 12-Month High as PEPE Frenzy Grips Market (yahoo.com)
3. What Are ERC-20 Tokens on the Ethereum Network? (investopedia.com)
4. What’s behind the surge in Pepe? (Bloomberg)