10 Best Meme Coins to Buy in June 2024

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Why Trust Us

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 10 best meme coins to buy right now. Read on to discover new and established meme coin projects with the greatest upside potential.

Best Meme Coins to Buy Today in 2024 – List

In our view, here’s the 10 best meme cryptos to buy right now:

  1. PlayDoge (PLAY): Top play-to-earn meme coin offers staking and in-game rewards.
  2. WienerAI (WAI)The first meme token to combine loveable dogs with AI.
  3. Sealana (SEAL): SOL meme coin with a send-to-wallet presale that will generously reward early investors.
  4. Base Dawgz (DAWGZ): Multi-chain meme coin offers a share-to-earn style airdrop campaign.
  5. Sponge V2 (SPONGE)The second version of Sponge token that could explode in 2024.
  6. Pepe Unchained (PEPU): Ethereum layer-two meme token offers huge staking rewards.
  7. Dogecoin (DOGE) – The original meme coin, Dogecoin produced growth of 14,000% in the first five months of 2021 before peaking.
  8. Shiba Inu (SHIB) – Shiba Inu is a popular meme coin that was launched in 2020 as a Dogecoin alternative.
  9. Pepe (PEPE) – This meme coin generated gains of 7,000% in under a month of launching.
  10. 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 10 meme tokens to consider buying in 2024.

1. PlayDoge – Where Fun and Rewards Go Hand in Hand

PlayDoge takes digital pet care to the next level, rewarding players with crypto tokens for nurturing a digital Doge pet. As the ultimate Tamagotchi upgrade, it offers real-value rewards, social features, and cutting-edge mini games. Participate in the ecosystem via your phone to earn crypto rewards.

playdoge best crypto presale

Powered by the PLAY utility token, the playDoge ecosystem requires users to hold PLAY coins to access the game, unlock exclusive features, and purchase in-game assets. PLAY tokens are also distributed as rewards.

Based on the Binance Smart Chain, buy playDoge by swapping BNB for PLAY through the official presale website.

Your money is at risk.

2. WienerAI – The first meme coin to combine loveable dogs with AI

WienerAI is set to be one of the best meme tokens to buy in 2024. This is largely due to the token’s adorable weenie theme and AI capabilities.

WienerAI is a meme coin like no other. The project will use AI to continuously upgrade itself, allowing the token to remain the top dog in the meme space.

WienerAI presale

WienerAI also offers lucrative staking rewards to early investors. The rewards will be reduced throughout the presale which means that the earlier you invest, the more rewards you will receive. At the time of writing the APY is 200%.

WAI is an ERC20 token which means that you can take part in the presale using ETH or USDT.

Your money is at risk.

3. Sealana – The best SOL meme coin for 2024

SOL meme tokens have had an excellent run so far in 2024 and demand for the next Solana-based meme token to explode is high! This is where Sealana comes in. SEAL is the latest SOL meme token that promises to generously reward early investors with gains.

Sealana is a hilarious meme token that trolls meme coin traders. The chubby seal character represents degens who spend all day searching for #cryptogains and Lambo opportunities. Sealana spends his time searching for the next SOL token that will give him the returns that he is looking for.

sealana best altcoin to buy

You can help Sealana by participating in the send-to-wallet presale. Early investors will be airdropped SEAL tokens when the presale ends.

The team behind the project hopes to send SEAL to the moon through viral marketing and social media hype. This could be the next opportunity to take part in a token that explodes.

Your money is at risk.

4. Base Dawgz – Merging Adventure with Cutting-Edge Blockchain Technology

Base Dawgz merges adventure with blockchain technology, offering a multi-chain experience across Ethereum, Solana, Binance Smart Chain, and Avalanche.

Community engagement and transparent communication are essential to Base Dawgz, with various incentive programs fostering loyalty. The $DAWGZ tokenomics are designed for balanced distribution and sustainable growth, with security as a priority.

Base Dawgz presale

Using advanced Web3 technologies like Wormhole and Portal Bridge, it ensures seamless cross-chain interactions.

The project’s goal is to revolutionize blockchain possibilities, providing a decentralized platform for effortless transactions across multiple blockchains. The roadmap features four phases: establishing a social presence, conducting smart contract audits, initiating a presale, and listing on exchanges.

Your money is at risk.

5. Sponge – One of the most successful meme tokens to buy for short term gains

Sponge makes our list of the best meme coins due to the fact that the token has already seen excellent returns after it’s first presale round in 2023.

Now, the project has decided to launch a second presale that will provide investors with another chance to see returns.

The new presale will support the roll-out of the VF2 token – a second version of SPONGE that brings added utility to the ecosystem.

spongev2 best meme coins 2024

The Sponge V2 token can be used for play-to-earn gaming and staking, providing investors with multiple ways to earn rewards.

If the project manages to replicate the success of the first presale, early investors could see huge returns on their investment. The presale is selling out quickly and there is not long left to buy SPONGE for a discounted price.

To acquire V2 tokens, you must buy V1 tokens from the presale and stake them for V2 rewards.

Your money is at risk.

6. Pepe Unchained – Meme Coin Built on Ethereum Layer-Two Blockchain

Pepe Unchained is a new meme coin that is built on Ethereum’s layer-two (L2) blockchain. Since the L2 blockchain offloads transactions from the main chain, it increases transaction efficiency while reducing costs. 

On Pepe Unchained, community members can purchase $PEPU, the native token. $PEPU transactions can be processed at lightning speed, and lead to very low gas fees. Furthermore, this meme coin offers huge staking rewards since it is based on the L2 network. 

Pepe Unchained presale

At the time of writing, $PEPU can be staked to earn an annual yield of more than 70,000%. From a total supply of 8 billion tokens, 30% will be allocated as staking rewards. Another 20% is currently being allocated for the presale. 

In just a few days since the presale launched, Pepe Unchained has raised more than $170K. Currently, $PEPU is priced at only $0.008 per token. 

Your money is at risk.

7. 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%.

Dogecoin price

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.

Cryptoassets are unregulated & highly speculative. No consumer protection

8. 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.

Shiba Inu price

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.

Cryptoassets are unregulated & highly speculative. No consumer protection

9. 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 hit an all-time high of $0.000004354. This means that Pepe increased by over 7,000%. After peaking in early May 2023, Pepe has been on a prolonged decline.

Pepe review

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.

10. 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.

Bonk price

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.

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.

Dogecoin.com

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.

TAMA price chart

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.

Meme Kombat battles

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.

FLOKI Price Chart (FLOKI)

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

Squid Game scam

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.

meme coins on CoinMarketCap

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.

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 PlayDoge. It is a Doge-themed play-to-earn meme coin that offers staking and in-game rewards.

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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.