9 Best Meme Coins to Buy in November 2024 Why Trust Us ICO Bench was created by a team of crypto experts to help our readers find the latest initial coin offerings and cryptocurrency presales. All content follows a strict editorial policy that ensures factual accuracy, neutrality, and helpfulness. We aim to provide insightful content that helps our readers make informed decisions while stressing the importance of prioritizing safety and risk management. All information in our content is based on meticulous research carried out by our team of writers and editors. We use reputable sources to find relevant projects and ensure that all content is regularly updated for accuracy. The information provided by ICO Bench should be used for research purposes only and should not be taken as investment advice. Why Trust Us ICO Bench was created by a team of crypto experts to help our readers find the latest initial coin offerings and cryptocurrency presales. All content follows a strict editorial policy that ensures factual accuracy, neutrality, and helpfulness. We aim to provide insightful content that helps our readers make informed decisions while stressing the importance of prioritizing safety and risk management. All information in our content is based on meticulous research carried out by our team of writers and editors. We use reputable sources to find relevant projects and ensure that all content is regularly updated for accuracy. The information provided by ICO Bench should be used for research purposes only and should not be taken as investment advice. While meme coins have little to no use cases, they remain very popular with crypto investors. The speculative nature of these assets means they can produce significant returns in a very short period of time. In this guide, we reveal the 11 best meme coins to buy right now. Read on to discover new and established meme coin projects with the greatest upside potential. Table of Contents Table of Contents Best Meme Coins to Buy Today in 2024 - List How To Know Which Meme Coin is the 'Best' Best Meme Tokens to Invest in 2024 1. Pepe Unchained - Meme Coin Built on Ethereum Layer-Two Blockchain 2. Crypto All-Stars – Bringing a New Token to Unite Meme Coin Staking 3. Flockerz - The New Meme Coin with DAO Voting Rights 4. Best Wallet Token – Bringing More Utility to the Best Wallet Users 5. FreeDum Fighters - Two Gamified Memes in One for Max Returns 6. Shiba Shootout – A Creative Wild-West Approach to the Shiba Inu Meme 7. Happy Hamster - The Best Meme Coins for Monthly Rewards and a Chance to Win a Tesla 8. Dogecoin - The Original Meme Coin That's Owned by Elon Musk and Now Trading at a 90% Discount 9. Shiba Inu - Large-Cap Meme Coin Building its Own Ecosystem for Long-Term Holders 10. Pepe - 7,000% Gains in Under a Month After Launching in April 2023 11. Bonk - Solana-Based Meme Coin Project With Over 462,000 Token Holders Our Methodology When Ranking the Best Meme Coins What is a Meme Coin? Benefits of Investing in Meme Coins High Investment Returns Rapid Short-Term Gains Established Meme Tokens Trade at Huge Discounts Some Coins are Building Utility for Token Holders Risks of Investing in Meme Coins Risk of Financial Loss Growth is Often Short-Lived Lack of Liquidity Fraud and Scams Where to Find Meme Coins Before They Explode YouTube Channels With a Strong Focus on Meme Coins Reddit Forums CoinMarketCap and DEXtools Meme Coin Presales How to Buy Best Wallet Token Conclusion FAQs Show Full Guide Table of Contents Best Meme Coins to Buy Today in 2024 - List How To Know Which Meme Coin is the 'Best' Best Meme Tokens to Invest in 2024 1. Pepe Unchained - Meme Coin Built on Ethereum Layer-Two Blockchain 2. Crypto All-Stars – Bringing a New Token to Unite Meme Coin Staking 3. Flockerz - The New Meme Coin with DAO Voting Rights 4. Best Wallet Token – Bringing More Utility to the Best Wallet Users 5. FreeDum Fighters - Two Gamified Memes in One for Max Returns 6. Shiba Shootout – A Creative Wild-West Approach to the Shiba Inu Meme 7. Happy Hamster - The Best Meme Coins for Monthly Rewards and a Chance to Win a Tesla 8. Dogecoin - The Original Meme Coin That's Owned by Elon Musk and Now Trading at a 90% Discount 9. Shiba Inu - Large-Cap Meme Coin Building its Own Ecosystem for Long-Term Holders 10. Pepe - 7,000% Gains in Under a Month After Launching in April 2023 11. Bonk - Solana-Based Meme Coin Project With Over 462,000 Token Holders Show Full Guide Our Methodology When Ranking the Best Meme Coins What is a Meme Coin? Benefits of Investing in Meme Coins High Investment Returns Rapid Short-Term Gains Established Meme Tokens Trade at Huge Discounts Some Coins are Building Utility for Token Holders Risks of Investing in Meme Coins Risk of Financial Loss Growth is Often Short-Lived Lack of Liquidity Fraud and Scams Where to Find Meme Coins Before They Explode YouTube Channels With a Strong Focus on Meme Coins Reddit Forums CoinMarketCap and DEXtools Meme Coin Presales How to Buy Best Wallet Token Conclusion FAQs Best Meme Coins to Buy Today in 2024 – List In our view, here’s the 11 best meme cryptos to buy right now: Pepe Unchained (PEPU) — Best meme coin built on Ethereum’s layer-two blockchain. Crypto All-Stars (STARS) – Bringing a New Token to Unite Meme Coin Staking. Flockerz (FLOCK) – The New Meme Coin with DAO Voting Rights. Best Wallet Token (BEST) – Bringing More Utility to the Best Wallet Users FreeDum Fighters (DUM) – Two Memes in One for Max Returns. Shiba Shootout (SHIBASHOOT) — Where Shiba Inu meets the wild west with utility. Happy Hamster (HPH20) – The Best Meme Coins for Monthly Rewards and a Chance to Win a Tesla Dogecoin (DOGE) — The original meme coin, Dogecoin produced growth of 14,000% in the first five months of 2021 before peaking. Shiba Inu (SHIB) — Shiba Inu is a popular meme coin that was launched in 2020 as a Dogecoin alternative. Pepe (PEPE) — This meme coin generated gains of 7,000% in under a month of launching. Bonk (BONK) — This is one of the few shitcoins to operate on the Solana blockchain. How To Know Which Meme Coin is the ‘Best’ Although we aim to regularly update our content with the best new meme coins, the meme crypto space moves quickly and the ‘best’ coins to buy can vary. Therefore, it is helpful to understand how to spot the best meme coins for yourself. Here are a few key signs to look for that suggest a meme coin has potential: A HUGE online community: The bigger the online community, the better. Meme coins rely on community support to gain value. The best way to assess whether or not a project has a large and supportive community is to search for the token on social media and see what people are saying about it. If the search results are flooded with excited investors, this could be a sign that the coin will do well. Celebrity endorsements: One of the reasons that Dogecoin has seen so much growth over the last few years is that the token is closely linked to billionaire Elon Musk. When a project is backed by a public figure, investors are more likely to trust it’s legitimacy. Look for meme coins that are supported by celebrities and public figures as these projects are likely to attract investors. Trading volume: High trading volume shows high investor interest – which is a key driver in the success of meme coin projects. There is no exact number to look for when spotting a ‘high’ 24 hour trading volume however, you should look for tokens with a 24h volume of at least $10 million to target projects that have potential. Best Meme Tokens to Invest in 2024 Choosing the best meme coin investments for your portfolio is no easy feat. In many cases, these tokens don’t have any use cases, utility, or long-term objectives. Instead, many meme coins are successful because of hype, FOMO, and speculation. To help clear the mist, we’re now going to analyze the top 11 meme tokens to consider buying in 2024. 1. Pepe Unchained – Meme Coin Built on Ethereum Layer-Two Blockchain Pepe Unchained puts off an impressive debut by adopting the Pepe meme, a character that brought success to the famed PEPE token. There’s a lot to like about this project, especially the proposed L2 infrastructure that offloads transactions from the main chain and increases efficiency. The project also proposes reduced costs through this innovation, one of the few tokens flaunting it among meme coins. Presale purchases are ongoing, and the project is seeing good numbers. As of our last report, the presale funds raised just crossed the $8 million mark, an impressive milestone that proves the token’s worth. This successful presale makes Pepe Unchained one of the best meme coins for meme enthusiasts. We can’t just attribute the heavy investment to the meme’s likeability. Promises of double staking rewards have also attracted investors who want more from regular perks from typical presales. The doubling is possible, thanks to the L2 framework on which Pepe Unchained builds its project. We will have the Pepe Unchained L2 blockchain in our hands after the presale. With projected investment growth, that presents an ideal opportunity for early adopters to get the most out of this token. Pepe Unchained is drawing closer to meeting its funding goals. For now, you can still pick up the $PEPU token for $0.89819. Token symbol $PEPU Presale supply 1.6B tokens Token type ERC20 Payment methods ETH, USDT, and BNB Listing price To be announced. Visit Pepe Unchained Your money is at risk. 2. Crypto All-Stars – Bringing a New Token to Unite Meme Coin Staking We’ve seen crypto projects that offer tokens with multi-chain capabilities. However, that is not the approach you’ll follow when you buy Crypto All-Stars during its presale stage. The $STARS token is available on the ERC-1155 network, but its ecosystem expands to support all the meme tokens you can think of. With $700,000 plus already gathered, Crypto All-Stars is having a blazing presale. We will get to see the MemeVault in action soon. In the meantime, you have the opportunity to gather $STARS tokens that you will stake in the MemeVault for bigger returns on your other meme tokens. The annual return at the start of the presale stage was 4,000% plus. As of when our team updated this page, the annual return was below 2,000%. We expect further drops as people rake up their portfolio with more $STARS. Follow our link to the presale page to complete the swap for $STARS tokens. Our price prediction places $STARS at $1.12 by 2028. The token might get to the $1 mark sooner because of the blazing demand we’ve seen during the $STARS presale. If anything, the project has come up with an innovative way to ensure sustained demand for its native token. Token Symbol $STARS Presale Supply 20% of total supply Network ERC-1155 Payment Method ETH, BNB, and USDT Visit Crypto All-Stars Your money is at risk. 3. Flockerz – The New Meme Coin with DAO Voting Rights If you’ve always looked forward to a time when you can vote on key decisions in a meme coin project, now is the time to do that. In a few steps, you can buy Flockerz and become part of the DAO with the opportunity to influence the project’s direction. The presale is currently up and has seen substantial investments to the tune of over $366K. To buy $FLOCK, all you need is a compatible wallet and ETH, BNB, or USDT. You can use all three cryptos for the purchase, but buying with BNB does not qualify for the staking rewards. Speaking of rewards, the annual return is over 6,000%, but we expect that to drop as the presale draws to a close. With enough $FLOCK tokens, you will wield influence over the project through your voting power. To get more voting power, you simply have to buy more $FLOCK tokens. This is where Flockerz introduces the vote-to-earn system. With the vote-to-earn system, you can vote and sit back while your token supply increases. It is a simple approach, even though this is the first time we are seeing the implementation in a meme coin. Token Symbol FLOCK Presale Supply 20% of total FLOCK allocation Network Ethereum Payment Method ETH, BNB, card, and USDT Buy Flockerz Here 4. Best Wallet Token – Bringing More Utility to the Best Wallet Users The Best Wallet Token is another proof that you don’t need the best meme coins to enjoy airdrops. You can have a utility token and still enjoy airdrops with all the added benefits that come with the utility. For Best Wallet users, the $BEST token is a step to get extra value on their wallets. You can buy the $BEST token within the first two weeks of its presale if you are a Best Wallet user. If you are not, you’ll have to wait until the presale rolls out to other wallet users. By that time, we should have had a few price increases on the token. It takes just a few minutes to set up a Best Wallet account. You can even import your current wallet for easier access to your assets on one platform. Once you have enough ETH or USDT in your account, you can go ahead and buy the Best Wallet Token directly in the wallet. Now, back to the airdrops. If you want in on the $BEST airdrops during the presale, simply go to the airdrops page and connect your social media accounts. Complete a few tasks from time to time, and you’ll qualify for airdrops. Token Symbol BEST Total Supply 10 billion $BEST tokens Token Type Ethereum Payment Method ETH, USDT, and bank card Buy Best Wallet Token Here 5. FreeDum Fighters – Two Gamified Memes in One for Max Returns This crypto project presents us with two memes, poised to take on each other in a satirical election. FreeDum Fighters launched in October 2024, and it has raised over $200,000 in its presales, and that is just the first stage (the primaries). You can still buy FreeDum Fighters now to get the lowest possible entry price and position yourself for maximum returns. The presale has 108 billion tokens to give out to early investors. 4.5 billion $DUM tokens have been picked up already in just stage one, thanks to the meme culture and its community-driven nature. In addition, the ease of entry is enhanced by the multi-chain availability on Ethereum, Solana, Base, and the Binance Smart Chain. If you want to get the most out of your $DUM tokens, you can stake them and participate in weekly debates for airdrops. For staking, FreeDum Fighters has two pools, one for Megatron and the other for Kamacop 9000. You are free to stake in both to consolidate your returns. FreeDum Fighters’ approach with Megatron and Kamacop 9000 puts it as one of the best meme coins to get in 2024. Token Symbol DUM Presale Supply 108 billion Token Type Ethereum, BSC, BASE, and Solana Payment Method ETH, BNB, USDC, Sol, Base, and USDT Buy FreeDum Fighters Here 6. Shiba Shootout – A Creative Wild-West Approach to the Shiba Inu Meme This project is the latest to adopt the iconic Shiba Inu meme in the most creative way. Rather than launch another presale that is limited to token purchases, Shiba Shootout adds the flavor of a gamified approach. Early investors can extend their earning opportunities from the typical staking feature to the Shiba Sharpshooter game. Early participation is still open, as the project has yet to exhaust the massive 35% presale allocation. 2.2 billion $SHIBSHOOT will be the total supply, although a smaller number might be in circulation. That number is typical of most presales, but the growing interest forecasts higher returns for early investors. Shiba Shootout overshadows many competitors as one of the best meme coins because of its gaming model. The approach brings utility to an otherwise would-be meme token. So, the project pulls in a crowd through typical viral meme marketing while drawing in gaming enthusiasts through Shiba Sharpshooter. An ambitious roadmap will put $SHIBSHOOT on CoinGecko and Coinmarketcap’s radar soon enough. With its increased visibility, the token stands to bring high returns to early adopters. There’s a lot more in stock when you participate in the $SHIBSHOOT presale. In the meantime, here’s a summary of what you should know about the presale: Token symbol $SHIBSHOOT Presale supply 770,000,000 tokens Token type ERC-20 Payment methods ETH, USDT, BNB, credit card Listing price To be announced. Visit Shiba Shootout Your money is at risk. 7. Happy Hamster – The Best Meme Coins for Monthly Rewards and a Chance to Win a Tesla Despite having plans for future airdrops, the major highlights for the Happy Hamster token during its presale are the $1,500 monthly rewards and a chance to win a Tesla Model S. The latter is reserved for one lucky early presale investor, while the monthly rewards will go on for 12 months. Besides these two, the crypto project also aims to donate $100,000 to charity from investments in HappyHamster20. The $HPH20 presale just got off to its first stage, and the entry price is less than $0.0003, which is typical of meme coins. Presales will continue for the next 9 rounds before culminating in a Pancakeswap launch. To ensure a fair start for everyone, all investors will be able to claim their tokens on the same day of the DEX launch. Like most crypto presales, all you need to purchase $HPH20 is to connect your wallet to its official presale website. Do that, and you can buy the token with BNB, USDT, or bank card. HappyHamster20 has a total token supply of 200 billion, and 25% of that will go for its $HPH20 presales. Other allocations include liquidity, marketing, airdrop, and future treasure, which are standard in the industry. Token Symbol HPH20 Presale Supply 50 billion tokens Token Type Binance Smart Chain Payment Methods BNB, USDT, and card Buy Happy Hamster Token Here 8. Dogecoin – The Original Meme Coin That’s Owned by Elon Musk and Now Trading at a 90% Discount Launched in 2013, Dogecoin is the original meme coin to enter this niche market. Dogecoin was initially created as a joke to highlight how irrational cryptocurrencies had become. The value of Dogecoin remained stagnant for many years. While DOGE tokens were used to tip Reddit users, the broader markets didn’t really see any identifiable use cases. That was until early 2021 when Elon Musk showed an unprecedented interest in the meme coin. Musk called Dogecoin the “People’s Crypto” and Tweeted that it was one of the few digital assets he personally owned. Musk’s interest in Dogecoin sent the marks into a frenzy. In the first five months of 2021, Dogecoin increased by over 14,000%. What’s more, Tesla – the world’s largest carmaker, holds Dogecoin on its balance sheet. Although Tesla sold the majority of its Bitcoin holdings in 2022 to boost its cashflow position – it never sold any Dogecoin. So what does the future hold for Dogecoin and is it still one of the best meme tokens for 2024? Currently, Dogecoin is trading at huge bear market discounts. In 2021, Dogecoin peaked at an all-time high of $0.74. Right now, you’ll pay just $0.06. This offers an entry price 90% below Dogecoin’s all-time high. As such, many Dogecoin investors are quietly increasing their exposure to the meme coin in preparation for the next bull run. Token symbol $DOGE Presale supply 145.47B tokens Token type BEP20 Payment methods ETH, USDT, and BNB Buy DOGE on eToro Cryptoassets are unregulated & highly speculative. No consumer protection 9. Shiba Inu – Large-Cap Meme Coin Building its Own Ecosystem for Long-Term Holders Shiba Inu was founded in 2020 as a meme coin alternative to Dogecoin. The message to investors was simple – if you missed the Dogecoin pump then Shiba Inu offers a second chance to replicate similar gains. Shiba Inu delivered on its promise. According to CoinMarketCap data, Shiba Inu was originally priced at $0.000000000056. Shiba Inu then went on a parabolic run that saw it become one of the fastest cryptocurrencies to hit a market capitalization of $1 billion. By October 2021, Shiba Inu was valued at over $40 billion. It hit an all-time high of $0.00008845. So, when compared to its original listing price, this represents gains of over 157 million percent. At the time, Shiba Inu had no use cases or vision – other than becoming a ‘Dogecoin Killer’. This shows the irrationality of the meme coin space. That being said, Shiba Inu continues to work on building a unique ecosystem for its long-term holders. It wants to add value to Shiba Inu rather than being a speculative token. For example, ‘Shibarium’ is a layer 2 solution for the Ethereum network. This will enable Shiba Inu to launch decentralized applications and support autonomous smart contract agreements. This includes the ‘Shibaverse’, which is Shiba Inu’s version of the metaverse. From a price perspective, Shiba Inu offers good value right now – it is trading 90% below its all-time high. Token symbol $SHIB Presale supply 589.52T tokens Token type Ethereum Payment methods ETH and USDT Buy SHIB on eToro Cryptoassets are unregulated & highly speculative. No consumer protection 10. Pepe – 7,000% Gains in Under a Month After Launching in April 2023 As one of the newest Binance listings, Pepe is one of the newest meme tokens to produce unprecedented gains for early investors. This project takes inspiration from Pepe the Frog – a popular meme character based on the Boy’s Club comic series. Pepe has no use cases or utility, so the project is fueled by hype and FOMO. According to CoinMarketCap data, Pepe was launched on crypto exchanges on April 17, 2023. It was originally priced at just $0.00000006036. Less than a month later, Pepe peaked at $0.000004354. This means that Pepe increased by over 7,000%. After peaking in early May 2023, Pepe has been on a prolonged decline. However, interest in Pepe is growing again, with the meme coin up 12% over the prior week. Moreover, Pepe is on over 152,000 watchlists on CoinMarketCap, making it one of the most talked about meme coins. Right now, you can buy Pepe at an 83% discount from its all-time high. This offers an attractive entry price and gives you plenty of upside to target. Token symbol $PEPE Presale supply 420.69T tokens Token type Ethereum Payment methods ETH and USDT 11. Bonk – Solana-Based Meme Coin Project With Over 462,000 Token Holders Bonk also makes our list of the best meme tokens to buy today. This is one of the few coins that operates on the Solana blockchain. This means that Bonk benefits from fast, cheap, and highly scalable transactions. When Bonk was launched in December 2022, tokens were given away as a free airdrop. More specifically, Bonk was distributed to members of the Solana community. Since then, Bonk has acquired over 462,000 token holders. What’s more, Bonk has secured some solid exchange listings. This includes tier-one exchanges like Gate.io and Bybit. That being said, Bonk has a tiny market capitalization of just over $11 million. Although this means increased volatility and risk, this offers an attractive upside to target. Moreover, Bonk is on nearly 31,000 watchlists on CoinMarketCap, so it’s clearly gaining traction. Right now, you can buy Bonk tokens 98% below their all-time high. Token symbol $BONK Presale supply 92.9T tokens Token type Ethereum Payment methods ETH and USDT Our Methodology When Ranking the Best Meme Coins To rank the best meme coins to buy in 2024, we employed a broad methodology. This ensured that a wide range of tokens were covered, enabling you to make an informed decision. In addition, our methodology also covered small and large-cap coins – and everything in between. For instance, while Dogecoin has a market capitalization of over $8.5 billion, Bonk is valued at just $11 million. This enables you to target different risk-reward profiles when investing in meme coins. Our methodology also considered the use case of each meme coin, if any. For example, we found that some coins are building their own ecosystems. The objective here is to offer long-term value to token holders. Although our methodology is meticulous, you should remember that meme tokens are high-risk investments. Therefore, you should only buy these coins after doing your own due diligence. What is a Meme Coin? Meme coins are cryptocurrencies based on popular culture references. The original and largest meme coin by market capitalization is Dogecoin. Launched in 2013, Dogecoin was created as a joke. It uses the Shiba Inu dog breed as its logo and has no identifiable use cases or objectives. Even so, Elon Musk refers to Dogecoin as the “People’s Crypto”. Just like Dogecoin, many dog memecoins are created without any long-term goals, nor do they solve any real-world issues. However, the reality is that meme tokens are extremely popular with crypto investors. Most people buy these coins for speculative reasons. And because of this, meme crypto coins can generate unprecedented hype and FOMO. This can result in coins exploding in value in a very short period of time. For example, Pepe is a meme coin purely. Inspired by Pepe the Frog, it was launched in April 2023 and generated gains of 7,000% in less than a month. Then there’s Shiba Inu, which grew by over 157 million percent after launching in August 2020. All that being said, some coins aim to create additional value by building their own ecosystems. For instance, Shiba Inu has built a layer 2 solution for Ethereum, which now enables it to offer metaverse experiences, virtual real estate purchases, and other DeFi products. Benefits of Investing in Meme Coins This section discusses the benefits of investing in meme coins in 2024. Read on to assess whether meme coin investments are right for your portfolio objectives. High Investment Returns Meme tokens are highly speculative – the objective is to buy low and sell for many multiples higher. History suggests that meme tokens have the capacity to generate unprecedented growth, even when they don’t possess any identifiable use cases. In many cases, meme tokens produce huge gains in a very short period of time – often weeks or even days. Either way, meme tokens are ideal if you’re looking to make some high-risk high-return investments. One of the best meme coin successes is Shiba Inu. As we mentioned earlier, Shiba Inu was created as a ‘Dogecoin Killer’. It claimed to offer investors the chance to target similar returns to Dogecoin. If you had invested in Shiba Inu when it was first created, you would have paid just $0.000000000056 per SHIB. Fast forward 14 months after its launch and Shiba Inu peaked at $0.00008845. In simple terms, it increased by over 157 million percent. If you’re wondering how an asset can increase by this much – it’s all down to market capitalization. That is to say, new coins enter the market with little value. But once they can begin building hype and increase mass awareness, prices can increase parabolically. For instance, if a meme coin has a market capitalization of $2 million and it grows by 4,900%, it’s still only valued at $100 million. In reality, this is still a relatively modest market capitalization. After all, at its peak, Dogecoin was worth over $78 billion. Similarly, Shiba Inu was valued at over $40 billion during the prior bull market. Therefore, some of the best meme coins to invest in have a small market capitalization – this enables you to target significant growth. What is the Best Market Capitalization When Buying Meme Coins? Before investing in meme coins, it’s important to know the market capitalization of the project. This informs you of the meme coin’s valuation, based on the number of tokens in circulation and the current market price. Some investors prefer meme coins with a larger market capitalization, as there’s likely to be less volatility. On the flip side, some investors opt for small-cap meme coins, as the upside potential is much higher. The best approach is to build a diversified portfolio with small and large market capitalizations. This offers a more balanced investment strategy that covers a wide range of potential outcomes. Rapid Short-Term Gains On the one hand, coins like Shiba Inu and Dogecoin rewarded long-term holders handsomely. However, some of the best meme tokens to buy offer short-term opportunities. It’s all about buying at the right time, riding the wave, and cashing out your gains. This is easier said than done, as there are an increasing number of coins to choose from. Nonetheless, there are many recent examples of coins that have exploded before witnessing a complete reversal. For example, Tamadoge held one of the best crypto presales of 2022 – raising over $19 million. Early investors paid $0.01 for its native meme coin – TAMA. After the presale, TAMA was listed on OKX. Within a week, TAMA increased to almost $0.20 – producing gains of nearly 2,000%. Another example is Pepe, which we mentioned earlier. Pepe required less than a month to produce growth of 7,000%. Once again, this was due to Pepe having a small market capitalization combined with hype and FOMO. Now consider how much momentum it would take for mega-cap cryptocurrency to produce similar gains. Considering that Bitcoin is worth just over $510 billion, gains of 7,000% would require a market capitalization of over $35 trillion. This won’t be happening any time soon. Established Meme Tokens Trade at Huge Discounts Although you might have missed the boat with established coins like Dogecoin, Shiba Inu, and FLOKI – these projects still offer an attractive investment thesis. Put simply, like many of the best cryptocurrencies to buy, established coins have been hit hard by the bear market. This means that the majority of cryptocurrencies have lost considerable value since late 2021. This was when the prior bull market peaked. As an investor, you can buy the most popular meme coins at a huge bear market discount. For example, Dogecoin is now trading at about $0.06. When it peaked in 2021, it was trading at $0.74. So, by investing in Dogecoin today, your cost price is 90% lower than its all-time high. Shiba Inu is also trading at a discount of about 90%. Similarly, FLOKI can be purchased at almost 95% below its peak. If just one of these coins recovers its all-time high during the next bull cycle, this would produce sizable growth. Some Coins are Building Utility for Token Holders It goes without saying that most meme coins have no utility. However, recent trends show that projects are looking to step away from this image. In fact, some of the best coins discussed today are building entire ecosystems and use cases for token holders. Even established coins have recognized the importance of creating use cases for their investors. For example, Shiba Inu was once a meme coin pure play. Its only objective was to replicate the success of Dogecoin. However, Shiba Inu has since come a long way from this image. Its decentralized ecosystem now supports ETH-based applications. It has already developed a metaverse with real estate ownership. Shiba Inu is also planning to launch a stablecoin within its ecosystem. This means that the best meme coins to buy offer long-term value, where people can buy the tokens other than for speculative reasons. How do You Know if a Meme Coin has Utility? The best coins to buy have utility – meaning the tokens have an actual use case. To assess the utility of a meme coin, check out its whitepaper. This highlights the objectives of the project and what its tokens can be used for. You’ll quickly learn whether the tokens have any use cases. If the whitepaper is short and full of hyperbole, it’s likely relying on speculation to succeed. But if you’re reading a comprehensive whitepaper with roadmap targets and a breakdown of the tokenomics, you might be onto a solid meme coin investment. Risks of Investing in Meme Coins We’ve discussed the benefits of investing in meme coins. Now let’s explore what risks you need to consider before proceeding. Risk of Financial Loss Meme cryptos are very high risk. Although some meme cryptos have use cases – most don’t. This means that the value of coins are often based on hype and speculation. You’ll often find that meme coin investments go one of two ways. If you’re fortunate, you’ll invest in a meme coin that generates sizable gains. However, a majority of meme coin investments capitulate in value. This means that you could lose some or even all of your original investment. For example, consider that during the prior bull market, FLOKI was trading at $0.0003437. Suppose you invested $1,000 into FLOKI at its peak. Today, FLOKI is trading at 0.00001574. This represents a decline of 95%. As such, your original $1,000 would now be worth just $50. Growth is Often Short-Lived Rarely do investors buy meme coins as a long-term investment. On the contrary, many meme coin investors want to make rapid gains in the shortest time possible. This creates even more market irrationality and speculation. The result is that coins can go on a solid upward trajectory, only to decline and never recover. For example, we mentioned earlier that Tamadoge increased by almost 2,000% after completing its presale. It achieved these gains in under a week. After peaking, Tamadoge went on a prolonged decline. It’s now trading 95% below its all-time high. This means that as a meme coin investor, you’ll need to actively monitor the markets. If your investments are doing well, you should consider your exit strategy. In other words, if you take too long to cash out – you could lose all of your gains. Lack of Liquidity Many meme tokens struggle to attract adequate liquidity. This is especially the case with new meme coins that have a small market capitalization. If your meme coin investment has low liquidity levels, this will be problematic when it comes to cashing out. For instance, suppose you purchase a meme coin at $0.10. It’s now worth $0.50 – meaning you’ve multiplied your investment by 5x. However, when you try to cash out, you’re finding that nobody wants to pay $0.50 for your meme coins. This means that in order to sell, you need to accept a much lower price. In some cases, you might not be able to find a buyer at all. This is a result of not having enough liquidity in the market – just like penny stocks. Fraud and Scams An even bigger threat when investing in these coins is that many are scams. For example, in November 2021, a meme coin called Squid Game was launched. Based on the popular Netflix series, Squid Game quickly went viral – with its price increasing rapidly. However, investors were unable to realize their profits – the developers blocked sell transactions via the smart contract. Once it became apparent Squid Game was a scam, its price collapsed to $0 in minutes. This scam is known as a ‘rug pull’ – and the sole objective is to defraud investors Another meme coin scam to look for is pump and dumps. The developers behind the project will run aggressive marketing campaigns to create hype and mass awareness. The idea is to attract as many investors as possible to quickly drive up the meme coin’s price. The developers will then dump their own tokens to drain all of the liquidity that has been built up. This leaves legitimate investors with worthless meme coins. Some meme coin scams are difficult to detect. You can give yourself the best chance of avoiding a scam by doing your own due diligence. You should also ensure that you never go ‘all in’ in one meme coin project. Diversification is crucial here, meaning spreading your investment capital across lots of different meme coins. Where to Find Meme Coins Before They Explode Once you’ve considered the risks of meme coins, you’ll need to know where to find them. In this section, we explain the best places to find meme tokens before they explode. YouTube Channels With a Strong Focus on Meme Coins Some of the top memes tokens to buy are discussed by popular YouTube analysts. That said, you’ll need to proceed with caution – as some YouTubers promote meme tokens for money. This means that the information you’re receiving isn’t strictly impartial. Even so, if the YouTube influencer has a huge audience, this can still create hype. The Joe Parys Crypto channel is very popular on YouTube for finding meme coin investments. This channel has over 382,000 subscribers and multiple videos are posted each week. Recently, Joe Parys Crypto has discussed many meme coin projects, including Dogelon Mars, Pepe, and Dogecoin. Joe Parys Crypto also releases listicle videos on micro-cap cryptocurrencies that have the potential to explode, plus undervalued coins that are worth buying before the next bull run. In addition, we found that Jacob Bury’s YouTube channel is useful for finding the best coins to buy. In fact, some of the projects discussed today have also been tipped by Jacob Bury. Reddit Forums Reddit forums are also useful for finding the next meme cryptocurrency to explode in 2024. Similar to YouTube, you’ll need to take information with a grain of salt. This is because many projects use Reddit to promote their own projects. That said, Reddit is still valuable for locating new projects that have the potential to grow. A good starting point is r/memecoinmoonshots – which has over 8,800 members. This Reddit forum discusses low-cap coins that have a huge upside. Although not exclusively dedicated to meme coins, r/CryptoMoonShots is also worth checking out. With over 1.9 million members, this Reddit forum discusses cryptocurrencies that have the potential to be 100x. This forum is very active, so there’s always a chance of discovering the best altcoins before they become mainstream. CoinMarketCap and DEXtools CoinMarketCap and DEXtools are popular data aggregation platforms. They provide a lot of useful information that can help you find the best coins to buy. For example, CoinMarketCap has a real-time list of meme coins. In fact, it provides information on more than 1,200 coins that are listed on exchanges. This includes market capitalization, trading volumes, token supply, social media links, and price performance. You can rank meme tokens based on your preferred metrics. For example, you can view which coins have made the biggest gains over the past 1 hour, 1 day, and 1 week. You can then click on a meme coin for more information and conduct your own research. Over on DEXtools, you’ll find similar information to CoinMarketCap. However, DEXtools is for coins listed on decentralized exchanges – such as Uniswap, SushiSwap, and PancakeSwap. DEXtools doesn’t have a meme coin page specifically – but it does have lots of filters and sort buttons to help you find suitable investments. Meme Coin Presales Presales, also known as initial coin offerings (ICOs), are ideal if you’re looking to invest in new meme coins. Presales allow meme coin projects to raise funds from investors. By investing in a presale, you’ll receive newly launched coins before they are listed on crypto exchanges. This means you’ll get the lowest price possible – just like investing in a stock IPO. After the presale has raised its funding target, it will list its tokens on an exchange – usually at a higher price. Meme coin presales offer the greatest upside potential, especially if you get in early. However, they also increase the risks. You’ll be investing in a meme coin before it’s launched – so nobody quite knows whether the project will take off. Moreover, the SEC explains that ICOs bring increased risk of fraud, as they operate in unregulated markets. So ensure you consider the risks before proceeding. How do Meme Coin Presales Work? Meme coin presales allow you to invest in new projects before they are launched on exchanges. Most presales collect established cryptocurrencies from investors (e.g. BNB or USDT). In exchange, you’ll receive an equivalent amount in the project’s native meme coin. After the presale is complete, the meme coin will be listed on exchanges – allowing the broader market to trade it. You can sell your presale at any time once the exchange listing goes live. How to Buy Best Wallet Token For easy access, you can participate in the $BEST token presale through the Best Wallet. With that said, here are the steps to buy $BEST token: Step 1: Visit the Best Wallet presale site and scan the QR code to install the Best Wallet app. Step 2: Enter your email to set up a new account. Step 3: Send ETH or USDT to your Best Wallet. Step 4: Go to the “Upcoming Tokens” section, select Best Wallet, and proceed to the “Buy Now” page to finalize the transaction. Conclusion Meme coins remain hugely popular in the crypto investment markets. While risky and speculative, meme tokens have the potential to generate much higher gains than other crypto assets. Overall, we like the potential of Pepe Unchained. It is a new meme token built on Ethereum’s layer-two blockchain. The platform offers high staking rewards and fast transaction speeds. Visit Pepe Unchained FAQs What is the next meme coin 2023? One of the hottest meme coins right now is Pepe Unchained – an Ethereum layer-two token. Which meme coin can reach $1? Some analysts believe that Dogecoin will eventually hit $1 – but it has a long way to go based on current pricing. How can I find the next meme coin to explode? If you’re looking for the next meme coins that will explode, check out Reddit forums, Telegram groups, hot DEXtools pairs, and upcoming presales. You can also explore popular crypto channels on YouTube. What are the top 5 meme tokens? The top 5 meme tokens by market capitalization are Dogecoin, Shiba Inu, Bone ShibaSwap, Pepe, and FLOKI. By Kane Pepi Kane Pepi is an established financial and cryptocurrency writer with over 2,000 articles, tutorials, and market insights under his belt. Kane has a reputation for offering concise explanations of complex financial matters due to his competence in specialized fields such as asset valuation and analysis, portfolio management, and financial crime prevention. He has a Bachelor's Degree in Finance, a Master's Degree in Financial Crime, and is now working on his Doctorate degree, which will focus on the difficulties of money laundering in the cryptocurrency and blockchain technology industries. Kane's abundance of knowledge and expertise in the sector make him an invaluable resource for anybody navigating the world of finance and cryptocurrency. View all of Kane Pepi's posts