Best Meme Coins to Buy Now — Next Meme Coin to Invest in December 2024

If you want to start the new year by investing in some of the best meme coins on the market today, then start here. Not only are these coins popular, but new meme coins are constantly being created. So, how does one pick the right coin to invest in?

That’s where we come in. We’ve compiled a list of the next meme coins that are sure to explode in 2024. They were all vetted thoroughly so that you, the reader, can easily review them and take your pick.

Wall Street Pepe ($WEPE)

• Gain access to Wall Street Pepe's exclusive trading insights and signals
• Join community of fellow degens and whales
• Stake your $WEPE tokens for huge rewards

Project Launched

November 2024

Purchase Methods

• 
  ETH
• 
  BNB
• 
  Card
• 
  USDT
• +1 more

Visit Now

Crypto All-Stars ($STARS)

• Stake top meme coins to earn $STARS tokens as rewards
• A potential 3X bonus when holding $STARS tokens
• Stake $STARS tokens for substantial rewards

Project Launched

August 2024

Purchase Methods

• 
  ETH
• 
  USDT
• 
  Card

Visit Now

Catslap Token ($SLAP)

• Dedicated to a fair launch, with no presale events
• Engaging and addictive slapping game and Slapometer competition
• Launched at the height of the cat coin popularity

Project Launched

November 2024

Purchase Methods

• 
  BNB
• 
  ETH
• 
  USDT
• 
  Card
• +1 more

Visit Now

Flockerz ($FLOCK)

• Unique revolutionary Vote-to-Earn platform
• A decentralized project allowing users to participate in decision-making
• Earn significant rewards, with 25% of the token supply reserved for staking $FLOCK tokens

Project Launched

September 2024

Purchase Methods

• 
  ETH
• 
  USDT
• 
  Card
• 
  BNB
• +1 more

Visit Now

Pepe Unchained ($PEPU)

• Fast and efficient transactions thanks to the Layer 2 implementation
• Staking awards doubled
• Lower gas fees than with Layer 1 one transactions

Project Launched

June 2024

Purchase Methods

• 
  BNB
• 
  ETH
• 
  USDT
• 
  Card
• +1 more

Visit Now

Sponge V2 ($SPONGE)

• Price surged 10x in the last month
• Over 13k current holders
• Meme coin trending with P2E utility and lucrative staking rewards

Project Launched

December 2023

Purchase Methods

• 
  ETH
• 
  USDT
• 
  Card

Visit Now

POKE ($POKE)

• An innovative gameplay model
• Interconnected economy with three main cycles: in-game economy, NTF systems, and online casino
• A multi-faceted utility token fuses the popularity of PEPE memes with Pokémon's gacha mechanics

Project Launched

November 2024

Purchase Methods

• 
  USDT
• 
  TON

Visit Now

Choccoin ($CHOC)

• A fresh take on meme coins with a food theme
• Prizes for presale investors such as Tesla, Apple products, PlayStation, etc.
• A successful and experienced team behind the coin

Project Launched

June 2024

Purchase Methods

• 
  SOL
• 
  USDT
• 
  ETH

Visit Now

Hypeloot ($HPLT)

• The first ever AI power crypto casino offering airdrops and games
• All presale buyers can earn up to 50% site credits and daily staking rewards
• All #HPLT holders get a share of the profits through the official casino

Project Launched

March 2022

Purchase Methods

• 
  BNB
• 
  ETH
• 
  USDC

Visit Now

Baby Sinclair ($CLAIR)

• 100% bonus limited for the early investors
• Strategic burning of millions of tokens yearly
• Fully secure and audited

Project Launched

2024

Purchase Methods

• 
  ETH
• 
  USDC
• 
  USDT

Visit Now

HappyHamster20 ($HPH20)

• Earn up to $1,500 each month for 12 months
• One presale investor will win a Tesla Model S
• Once its presale ends, HappyHamster20 will get listed on PancakeSwap

Project Launched

November 2024

Purchase Methods

• 
  Card
• 
  BNB
• 
  USDT

Visit Now

Best Meme Coins to Invest In — A Detailed Analysis

Now that we’ve given you a brief meme coin list, here is a detailed analysis of the top meme coins to add to your investment portfolio. Our goal is to offer our readers the best upcoming meme coins, highlighting legitimate, impartial, and promising investment opportunities.

1. Wall Street Pepe  

Wall Street Pepe is one of the newest meme coins and it’s already going viral. Within the first few days of launching its $WEPE token presale, the project has raised more than $130,000 and attracted attention from some of the biggest names in crypto.

What makes Wall Street Pepe stand out is that it’s more than just another Pepe-themed meme coin. The project is giving crypto traders real tools – including crypto signals, aggressive trading calls, and market insights – to help them beat the market and send institutional traders packing. Plus, by creating a WEPE Army, Wall Street Pepe has raised the possibility that its community could band together and substantially move the market for favored tokens.

$WEPE holders get access to an exclusive community of like-minded meme coin traders where they can share strategies and participate in weekly competitions to see who can earn the most. Plus, everyone wins regardless of their trading results thanks to $WEPE staking rewards.

The Wall Street Pepe presale is going on now and $WEPE is priced at just $0.000202. The early stages are selling out fast, so there’s no time to waste to lock in the lowest price for this new meme coin.

2. Crypto All-Stars

If you want to find the best meme coins to invest in 2024, opt for Crypto All-Stars. Crypto All-Stars is a project that aims to unify the most popular meme coins in one place. How? Via its innovative staking protocol called the Meme Valut. The MemeValut will enable investors to stake popular meme coins, like PEPE, DOGE, and SHIB, to earn $STARS tokens. Moreover, early stakers will be able to take advantage of its large APY, which currently stands at 317%.

This approach helped Crypto All-Stars raise over $6 million. At the time of writing, investors can stake 11 meme coins. However, this figure will increase once the MemeVault ecosystem is launched.

The $STARS presale has just a few days left, and investors can buy the $STARS token for a discounted price, currently $0.001625. That said, 20% of its total token supply will be distributed toward the presale. Another 25% will go towards presale staking and the MemeVault, while 10% will be reserved for CEX/DEX liquidity.

3. Catslap  

If you’re looking for low market cap meme coins that could dominate the meme coin market, opt for the Catslap token. This meme coin is, as its developers claim, crypto’s most aggressive feline that aims to dethrone frog and dog-based meme coins. CatSlap can be described as a click-and-slap game that allows players to collect Slapometer points for their country by slapping Pepe. 

This fun and competitive concept could be gamified in the future, which would extend the usability of the $SLAP token. This would also open the door for airdrops through which players could earn $SLAP tokens based on their accumulated points.

However, what makes the Catslap token lucrative for investors is its partnership with one of the most popular Web3 providers – Best Wallet. BW listed $SLAP tokens on its Upcoming Tokens page, which shows that this wallet provider sees potential in this meme coin.

The Catslap token had no presale but was launched directly on DEXs. In just a few minutes, its initial market cap of $1m reached the $16m mark. This shows that the $SLAP token could repeat the success of its cat-based peers, $PopCat, $MOG, and $MEW, and be the next meme coin to explode.

4. Flockerz

Flockerz is a DAO-based project that aims to redefine decentralization and one of the best presale meme coins. It prioritizes its community, empowering it to have a voice and participate in all the major Flockerz decisions, like key project development, token burns, marketing strategy, expansion plans, and new features. Flocker offers the Vote-to-Earn mechanism, which is the first of its kind, allowing users to have a say and earn rewards in the process.

In the search for cheap meme coins to buy, this one is priced at $0.0061504, and the presale has raised over $3.4 million so far. This is the best time to buy this coin, as the price is the lowest ever and will only increase with each presale stage.

The total token supply is 12 billion, shared between the presale, CEX/DEX, marketing, staking, and the DAO Vault. As mentioned, staking is another option for users, and rewards come with an APY of 656%.

5. Pepe Unchained

Pepe Unchained ($PEPU) is one of our top meme coins list. It features the well-known Pepe having a stroke of giga brain, devising a plan to break free from its chains.

The project uses Layer-2 blockchain technology to provide amazing features like improved speed, security, and scalability. It’s a substantial upgrade from Layer-1 technology, especially in terms of speed.

Pepe Unchained has a total token supply of eight billion, and $PEPU’s current price is $0.01295. People can start buying tokens now, as the price of this next big meme coin is set to increase over time. The tokens can be claimed when the presale ends.

Notably, 20% of the total token supply is distributed to the presale, 30% to staking, and another 20% to marketing. Liquidity, project finance, and chain inventory each receive 10%.

It has raised over $54million so far and is the best meme coin to buy.

6. Sponge V2

Sponge V2 is the next meme coin that could explode in 2024. This is obvious if we take a look at its predecessor (the original Sponge token), which saw gains of 100x and a market cap of almost $100 million. It was also listed on numerous big exchanges, including Gate, MEXC, and Poloniex.

Sponge amassed a loyal following of over 30,000 followers on Twitter and built vibrant communities in its Discord and Telegram.

The Sponge team is upgrading its tokens from SPONGEV1 to SPONGEV2 to add utility and mirror its success from 2023. The new utility is a play-to-earn game called Sponge Racer, which uses SPONGEV2 tokens.

Participants in this process receive staking rewards on their locked $SPONGEV1 for four years following the end of the presale. This staking utility and passive earning, combined with the excitement of a game’s release, make this the next big meme coin.

Sponge V2 has earned its spot on the wanted list of top meme coins, showcasing its popularity and potential in the crypto market.

7. FreeDum Fighters 

FreeDum Fighters draws inspiration from the US presidential election and provides a humorous and lighthearted take on political happenings, allowing users to vote and earn rewards. 

FreeDum Fighters is one of the newest meme coins. It draws inspiration from the current US presidential election and provides a humorous and lighthearted perspective on political happenings. This is one of the hottest cryptocurrencies, especially due to its availability on different chains, like Ethereum, Solana, BSC, and Base. The project provides seamless integration across the supported blockchains, making it accessible to a broader user base.

Token holders can choose a character and vote for them in a satirical election, with votes resulting in potential rewards. Moreover, FreeDum Fighters will include many marketing events related to real-life political milestones to foster visibility and user involvement. 

Staking is another exciting feature, as users can stake $DUM tokens on their favorite side and engage in weekly debates and other community ventures.

The ongoing presale started in October and offers interested investors the early opportunity to buy $DUM tokens at a current price of $0.0001.

8. POKE 

If you are looking for the top 10 meme coins 2024, check out POKE. It is a new, Telegram-based tap-to-earn game, allowing players to play with POKE characters, gather friends, and pursue riches. It’s not only a game; it’s an ecosystem where users can trade, earn, and interact. The $POKE token is the heart of this ecosystem, powering three economic cycles: NFT system, online casino, and in-game economy.

The earned $POKE tokens in the game hold real cryptocurrency value. Monetization opportunities for users include advertising revenue, transaction fees, $POKE token sales, and in-game purchases. Poke offers a few progression systems, including achievement systems, character upgrades, and daily quests. 

Of the total token supply of 15,100,000,000, 30% is reserved for airdrops, 20% for marketing, 10% for project finance, 30% for presale, and another 10% for liquidity.

9. Choccoin

You can also find Choccoin ($CHOC) on our new meme coin list. This unique meme coin is inspired by many people’s favorite food: chocolate. The $CHOC coin project team comprises top listing, liquidity, and marketing experts.

50% of the total supply of tokens is allocated to the presale, which will start June 28. By participating in the presale, you’re not just investing in a promising meme coin; you’re also getting exclusive benefits.

More specifically, there will be a 20% bonus for the first $3 million, a 15% discount for those between $3 and $5 million, and a 10% bonus for investments exceeding $5 million. Moreover, the top 200 buyers in the presale will also get incredible prizes, including a Tesla Model S Plaid.

The token has a hard cap of 70,000 SOL and requires a minimum deposit of 0.1 SOL. There are 999,999,999,999 $CHOC. The purchased $CHOC will be distributed within an hour after the DEX listing.

10. Hypeloot

Hyperloot is a crypto casino that started operating in 2022. After collecting 100,000 active users, its creators announced the launch of their $HPLT coin.

What makes this coin interesting for investors is its approach to profitability. On that note, Hypeloot uses a buy-back-burn and reward system. This means that its holders will be able to generate daily rewards that depend on the casino’s performance. Furthermore, Hypeloot will burn half of the purchased coins every day to increase their price.

Hypeloot’s roadmap consists of four stages. Its presale started on February 1, 2024. Out of a total of 100 million tokens, 40 million will be available for purchase for $0.12. Once this coin gets listed on crypto exchanges, its price will amount to $0.2. In addition to that, early buyers will be able to get three types of NFTs—Sir Satoshi, Gambler, Degendog, and Croupier, each of which has a different utility.

$HPLT coin will also support multiple staking pools to increase liquidity and availability.

11. Baby Sinclair

Baby Sinclair leads the scene as a meme pro and is among the top meme coins list. Known for its advanced AI technology, $CLAIR stands out from similar tools. Its AI metaverse is a modern world where users engage, compete, and earn. Token holders can create immersive meme avatars with voice-crafted humorous memes. This approach keeps the project vibrant and fosters a sense of creativity.

Moreover, as the crypto community grapples with its regulatory status, $ CLAIR becomes a defender of the crypto space, using its hilarious avatars to challenge the bad players opposing the digital revolution.

$CLAIR’s unique burn system, designed to increase its value over time, sets it apart. The token price will surge at the beginning of each stage, rewarding early supporters and ensuring a promising future for $CLAIR.

According to the Clair whitepaper, the total token supply is 100 million, of which only 1% is available via presale.

12. HappyHamster20

HappyHamster20 is a new meme coin that aims to encourage positive change through lucrative rewards. Its creation was inspired by the Japanese business philosophy called Kaizen, i.e., continuous improvement. On that note, early investors will earn up to $1,500 each month for 12 months, and they’ll get a chance to win a Tesla Model S. Its developers will also donate $100,000 to charity projects.

The $HPH20 token runs on the Binance Smart Chain. This means that it offers lower transaction fees and shorter block times. HappyHamster20 started its presale on November 15th. Its total token supply is capped at 200 billion, of which 20% will go towards the presale. The initial price of the $HPH20 token is $0.000292.

Once the presale ends, the $HPH20 token will be listed on PancakeSwap, increasing its visibility. Its developers will use a deflationary system and an automatic burn mechanism to increase its scarcity. Moreover, they’ll distribute airdrops irregularly in the future, which makes HappyHamster20 one of the best meme coins to buy today.

13. BTC Bull

BTC Bull is a meme coin like no other. As its name suggests, this project aims to capitalize on Bitcoin’s next bull run through its token burn system. This means that its developers will burn a portion of their native token, $BTCBULL, every time BTC’s price rises by $10,000. In addition to that, 10% of its total token supply will be airdropped to early birds once BTC reaches the $100,000 mark. Based on price predictions, BTC could hit the $100k mark at the beginning of 2025.

Early investors can buy $BTCBULL tokens at the presale price, which currently stands at $0.0005. They can also increase their holdings by staking their coins for an APY of 2,467%. Like BTC, the $BTCBULL token has a maximum supply of 21 million, of which 50% will be reserved for presale buyers. Another 10% will be allocated towards staking rewards and airdrops, while 15% will go towards token burns.

14. WOBS Token

WOBS Token, or WOBS, is a new meme coin that will appeal most to crypto degens. Its design includes a character that can be described as a mixture of a wolf and Pepe the Frog, who enjoys the high life.

The goal of its developers is to revolutionize the trading game. This meme coin will power the upcoming WOBS DEX, which will offer the best pairs and rates, as well as up to 200x leverage. Early birds will also be able to stake their coins for a dynamic APY.

The $WOBS token has a total supply of over 69 quadrillion, of which 50% will be reserved for presale buyers. The presale will be divided into several rounds, and the price of the token will increase during each subsequent round. The WOBS DEX will launch before the $WOBS tokens get listed on crypto exchanges, i.e., once their presale ends.

15. Dogecoin

Dogecoin is the top meme coin by market cap. Launched in 2013, Dogecoin was meant as a joke on the sudden growth of altcoins following Bitcoin’s popularity.

Now, Dogecoin is the king of the meme crypto ecosystem, popularized by eccentric entrepreneur and billionaire Elon Musk. The coin is far from its 2021 high, but it’s still among the top 20 most popular meme coins in the world.

Keeping in tandem with its popularity, Dogecoin has continued to see massive adoption. TV streaming company Sling TV recently announced that it would accept DOGE as payment for its services. This was corroborated by the crypto payment company BitPay.

So, if you want to buy cryptocurrency and are looking for the most promising meme coin, it’s worth researching.

DOGE’s price is in bullish momentum at $$0.3915.

16. Shiba Inu ($SHIB)

The meme coin race has been even more interesting with Shiba Inu’s launch in late 2020. According to its anonymous creator Ryoshi, Shiba Inu is a spontaneous experiment on the community-driven initiative.

This is a part-piece attempt to topple Dogecoin on the meme crypto crown and install Shiba Inu as one of the next meme coins that will explode in 2024 for investors. This has seen Shiba Inu nicknamed the ‘Dogecoin killer.’

Despite playing second fiddle to Dogecoin, Shiba Inu surged over 21,000% in the climax of the 2021 price rally, making the digital asset one of, if not the best meme coin to buy this year.

However, Shiba Inu does not aim to take over the top spot with just social media hype and fanfare. The Shiba team has been churning out several use cases to keep the project relevant and alluring for investors.

It has its own decentralized exchange (ShibaSwap), an NFT collection, and a Layer-2 blockchain called Shibarium.

According to Shiba Inu price predictions, this meme coin could edge closer to its all-time high of $0.00002882 by the end of the year. Shiba Inu is a meme coin listed on Binance, Huobi, Coinbase, Gate.io, Uniswap (V2), and OKX, among other exchanges.

17. Wall Street Pepe ($WEPE)

Wall Street Pepe can be described as a mix of the Wolf of Bull Street and Pepe the Frog. On that note, this meme coin will power the upcoming no-limits DEX, which will be intended for meme coin degens and professional traders. Its developers also plan to create their own crypto wallet. Those who invest in this project during the WEPE Presale will get many benefits. For example, liquidity providers will earn airdrop rewards, while token holders will pay lower transaction fees.

The $WEPE token has a limited supply of 200 billion, of which 60% will be allocated to the presale. The rest will be distributed to marketing (18%), staking (12%), and liquidity (10%). The DEX will be released once the Wepe Presale ends. You can buy $WEPE tokens using ETH, USDT, and a card.

18. Pepe ($PEPE)

Pepe is a meme coin based on Pepe the Frog and is one of the ETH meme coins. It reached a market cap of $1 billion in the first three weeks, outperforming Dogecoin in growth. Its market cap now stands at $4.06 billion.

The project first used a deflationary mechanism and burned tokens with every transaction to minimize supply and increase value. However, recent updates to the project have questioned this feature.

Pepe’s recent volatility and turbulence, including the unexpected 16 trillion token transfer, make investing in the token risky. Then again, the Pepe coin shows signs of recovery after appointing new advisors and burning 6.9 trillion tokens. The current price of $PEPE is $0.00001834. Pepe reached its all-time high (ATH) price in the bullish market of Q4 2024, valued at $0.00002339.

The token offers increased liquidity and accessibility as it is listed on major exchanges. 

19. Dogwifhat ($WIF)

Dogwifhat is a Solana-based meme coin, evolving from the Shiba Inu’s craze. In fact, it features a Shiba Inu dog with a pink knit cap. Since it’s built on Solana, the token benefits from low fees and fast transaction speeds.

This is one of the top memes tokens by market capitalization. More specifically, with a market cap of over $2.6 billion, this is the fourth-largest meme coin by market capitalization. It has a user base of more than 50,000 members, meaning strong community support drives its viral popularity.

This token witnessed an 182% increase in value on the first launch day. Thanks to listings on major exchanges like Crypto.com and Binance, the $WIF token’s price has been pushed to new heights, now costing $2.62. The total token supply, which is also the circulating supply, is 998.85 million. Still, there are no staking or token-burning options.

20. Popcat ($POPCAT)

Popcat is one of the most popular meme coins. The meme features two cat images: one with the cat named Oatmeal opening its mouth in an ‘O’-shaped form and the other featuring the cat with a closed mouth. The meme coin doesn’t offer any financial expectations; it’s intended only for entertainment.

The meme became popular when it was used in Instagram music videos, with the gif being synced to the music as if Oatmeal was singing. Then, the meme evolved into a game where users click on an image of the cat, which opens its mouth and makes a pop noise. Afterward, Popcat has been integrated into other platforms and games.

The token’s market cap is over $1.6 billion, while its total and circulating supply are equal, at 979,978,669. The all-time high of the token was $1.75, recorded in October 2024, while the current POPCAT price is $1.73. The lowest paid price was $0.003797, recorded in January 2024.

20. Bonk ($BONK)

Bonk is one of the Solana meme coins inspired by Shiba Inu. It launched in December 2022 with a massive airdrop. In fact, 50% of the 100 trillion tokens were airdropped to community members.

Bonk is one of the top meme coins by market cap. In fact, with a market cap of $1.6 billion, it’s the sixth meme coin by market capitalization. Investors can purchase and trade $BONK on major exchanges like Coinbase and Binance. Its current price is $0.00002214, representing a 46.18% drop from the all-time high of $0.00004114, recorded in May 2024.

Even though it’s considered a meme coin, Bonk is also one of the best utility tokens, as it has been used in various dApps and projects within the Solana ecosystem, as well as multiple cross-chain bridges across ten different blockchains.

Bonk has its own NFT collections and provides blockchain-based tools like BonkBot and BonkSwap. Even though Bonk lacks a roadmap, its performance and Shiba Inu theme signify that it may be a major winner in the next bull run. Its strong community and simplicity set it apart among meme coins on Solana.

21. Floki ($FLOKI)

Floki is another dog-themed meme coin and an ERC-20 token. Three primary features make Floki one of the top crypto memes: the meme, charitability, and utility. It uses a multi-chain approach, operating on Binance Smart Chain and Ethereum.

It aims to raise awareness about digital tokens and blockchain technology, bridging crypto industry gaps. Floki is driven by several utility projects: FlokiFi, Valhalla,  FlokiPlaces, and the University of Floki. According to its whitepaper, Floki was introduced to provide users who interact in the Floki ecosystem with a safe and simple way to make payments and settle disputes without needing centralized third-party entities, credit, or institutions.

$FLOKI’s price is $0.000146, and the project has a market cap of $1.40 billion. Of the 9.68 trillion token supply, 9.60 trillion FLOKI tokens are currently in circulation.

The Floki community has committed to building schools on every continent and underdeveloped nation. Schools have already been built in Ghana, Nigeria, Guatemala, and Laos.

22. Brett ($BRETT)

Our meme coins list cannot be complete without Brett, a meme coin used for transactions, trading, and collectibles and backed by a strong community. Its appeal arises from its connection to meme culture and the Base blockchain. The token draws inspiration from Brett, a character from the “Boys’ Club” comic series by Matt Furie. So, Brett offers additional value as a collectible for fans of that comic series.

The project offered airdrops to people who supported the Base blockchain early on or participated in community events. The token is listed in several exchanges. Its current price is $0.0997, representing a 48.60% decrease from its all-time high of $0.1933, reached in June.

Its total token supply is 9,910,141,072, while the circulating supply is 9,910,141,054. Brett has an impressive tokenomics structure, allocating 85% of all tokens to liquidity provision and investing.

What Is a Meme Coin?

Meme coins are digital tokens that gain popularity because of their association with online trends. At first, they were created as lighthearted jokes, significantly impacted by the Internet culture and ideas. They don’t usually have any particular utility, and their price is affected by online forum discussions, social media, and celebrity endorsements.

The first meme coin is considered Dogecoin, after which many meme coins emerged in the market, trying to follow its success. Some have become immensely popular and can be found on the best P2P crypto exchanges, while others have led to investors losing a lot of money. Investing in meme coins comes with huge risks since one cannot predict the market movement.

Where to Find the Best Meme Coins on the Market

To identify the top meme coins available, check out leading cryptocurrency exchanges such as Binance, Coinbase, and Kraken, where well-known meme coins are frequently listed. Social media platforms like Twitter and Reddit also serve as great resources for finding trending meme coins and gauging community interest.

Finally, specialized websites like CoinMarketCap and CoinGecko provide valuable insights, rankings, and the latest updates on meme coins, keeping investors well-informed.

How to Identify Promising Meme Coins Early

So, what are the best meme coins to buy early? If you want to spot promising meme coins early, follow these strategies:

• Track social media announcements: Set alerts to identify coins gaining quick traction and follow meme coin hashtags and crypto influencers.
• Join online communities: Visit X, Reddit, and Telegram and join emerging meme coin discussions.
• Check out the development team’s background: Check if the team’s identities are known or anonymous. Missing details can mean the meme project is in its early stages.
• Study the tokenomics: A new meme crypto often has unconventional economic models, so pay attention to unusual token supplies or inflation rates.
• Analyze price volatility: If coins have sudden price drops or spikes with no clear reasons, they may have speculative hype.
• Search for coins with minimal utility: Many meme coins focus on hype instead of functionality, so detecting them early may give you an advantage.

How to Buy Meme Coins

Here are the steps for buying crypto meme coins:

1. Choose an exchange and create an account.
2. Pick your funding method. 
3. Go to the exchange’s trading pairs and look for your meme coin. 
4. Select an amount.
5. Confirm the purchase. 
6. Transfer to a wallet. We would recommend Best Wallet. 

These are the general steps. However, they may slightly differ depending on the exchange you choose. 

Should You Buy a Meme Coin?

As you saw from our list of meme coins, only a few offer distinctive value propositions. Many experience a rapid increase in popularity, followed by a decline, often failing to regain their previous momentum. This makes it even more difficult to identify the top meme coins to invest in. 

However, if the meme coin you are interested in fulfills the criteria we’ve provided about a promising meme coin, it’s worth the risk. Still, consider the following benefits and risks before deciding:

Benefits of Buying Meme Coins

• Easy to buy: Meme tokens typically come with a low price and high supply, so they are easy to buy.
• Potential for high returns: Most investors invest in meme coins due to their returns. For instance, Shiba Iny and Doge have given multi-fold returns.
• Entertainment and fun: Many meme coins exist to offer their investors fun and entertainment.
• Community: Many meme coins don’t have utility, but investors find them appealing because of their community.

Risks of Buying Meme Coins

• Limited utility: As mentioned, most meme coins lack clear use cases and primarily rely on community interest and hype.
• Volatility: Like any other cryptocurrency, meme coins are volatile assets, so their price is highly unpredictable. Celebrity endorsement, social media trends, and community support mostly drive the price of meme coins.
• Poor regulation: The lack of regulation means users have little support against fraud, market manipulation, and other market deceit.
• Liquidity concerns: The frequent liquidity issues make it hard for investors to sell or buy holdings at favorable prices. Liquidity issues usually arise once a meme coin loses popularity, leaving holders with hard-to-liquidate assets.

Price Volatility of Meme Coins

While all cryptocurrencies, including meme coins, are volatile, meme coins face even more price volatility, especially if they rely only on community enthusiasm and social media hype. So, even the biggest meme coins often lack intrinsic value or utility. That’s why investors should only invest money they can afford to lose.

Which Wallets Are Best for Meme Coins?

When choosing a wallet for meme coins, consider security, ease of use, and compatibility with multiple blockchains. We would recommend Best Wallet as our top pick.

Conclusion

Memes are all the rage, and the best meme coins offer a great deal of potential for gains — they could make you a fortune pretty quickly. However, finding the right asset can be time-consuming due to the sheer number of projects that pop up regularly. Some new meme coins coming out include Pepe Unchained and Crypto All-Stars, currently both on presale.

FAQs