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Meme Coins are known for providing generous returns to early investors driven by social media hype and community support. As a result, these joke tokens have become a popular way for risk-tolerant investors to diversify their crypto portfolios.

Ever since the launch of Dogecoin, thousands of hopeful meme projects have appeared on the market. This can make it difficult to spot the profitable opportunities from the tokens that will never provide returns.

Our team spent time assessing the meme coins that are available to decide which projects have potential in 2024. In this guide, we present our findings as well as some top tips for investing in meme tokens safely. Here are the best meme coins to buy in March 2024.

  • The latest AI based crypto project that will transform the security of the blockchain space
  • Early presale investors will receive guaranteed returns
  • Stake SCOTTY to receive passive rewards
Project Launched
February 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • Debit
    Debit
  • Buy and hold to take part in the biggest Solana airdrop event
  • The next meme coin to explode
  • SMOG is set to be the biggest Solana token in 2024
Project Launched
February 2024
Purchase Methods
  • USDT
    USDT
  • Solana
    Solana
  • $SPONGEV2 tokens can only be obtained by staking $SPONGE
  • Stake your Sponge V1 tokens to recieve a V2 token bonus
  • Earn more crypto with the SPONGE P2E game
Project Launched
December 2023
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • Debit
    Debit
  • Invest in the next meme coin to explode
  • Launched straight to DEX for fair participation
  • Low entry point for early investors
Project Launched
February 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • A meme token with real utility
  • Maximize your initial investment with competitive staking rewards
  • Win crypto by correctly betting on the outcome of meme-based battles
Project Launched
September 2023
Purchase Methods
  • ETH
    ETH
  • BNB
    BNB
  • USDT
    USDT
  • Stake $WSM tokens for rewards
  • Receive bonuses in the WSM Casino by buying and holding $WSM tokens
  • Listed on top crypto exchanges including OKX, Gate.io, MEXC and more
Project Launched
May 2023
Purchase Methods
  • ETH
    ETH
  • BNB
    BNB
  • USDT
    USDT

Top 14 Meme Coins to Invest in 2024

  1. Scotty AI (SCOTTY): The latest AI-based meme token and crypto companion that will provide AI-powered solutions.
  2. Smog Coin (SMOG): Invest in SMOG to participate in the largest Solana airdrop in history. Investors will receive free crypto tokens and the potential to profit from the next meme coin that could explode.
  3. Sponge V2 (SPONGEV2): The second version of SPONGE token that will provide investors with another chance to take advantage of a potential price pump. Sponge V2 can be acquired by investing in and staking SPONGE tokens.
  4. Frog Wif Hat (FWIF): The loveable, hat-wearing french frog that will race to 100M market cap. Frog Wif Hat is a traditional meme token that could explode in 2024.
  5. Meme Kombat (MK): Meme Kombat brings utility to the meme coin space. Invest in $MK tokens to bet on the outcomes of meme character battles and win free crypto. Investors can also stake their tokens for passive daily rewards whilst providing liquidity to the ecosystem.
  6. Wall Street Memes (WSM) : An innovative meme token community that has recently launched a new crypto casino offering. Investors can take advantage of regular airdrops and use $WSM tokens to play in the casino to win valuable rewards.
  7. Dogecoin (DOGE): The meme coin with the biggest market capitalization. DOGE has a history of providing returns to investors and is heavily influenced by tech giant Elon Musk. Although it is a volatile crypto, investing in DOGE is a good way to diversify.
  8. Shiba Inu (SHIB): The second-largest meme token by market cap. SHIB can be used for peer-to-peer digital payments which brings utility to the token.
  9. Akita Inu (AKITA): Akita Inu is a meme coin that is used to support the Akita network. Token holders can earn free crypto through airdrops and take part in governance.
  10. Mona Coin (MONA): A Japanese based meme token that is used as a digital currency in Japan. MONA is mainly used for tipping and payments and allows peer-to-peer transactions with no third-party intervention.
  11. Baby Doge Coin (BABYDOGE): A community driven meme crypto that rewards investors for holding their tokens. The project was created to raise awareness for animal welfare and to build a community of investors. BABYDOGE tokens are burned regularly to gradually decrease the circulating supply.
  12. Dogelon Mars (ELON): Dogelon Mars is a traditional meme token that was inspired by tech giant Elon Musk. The token has no real utility but is supported by a community of over 650,000 investors who want to follow the journey of the iconic meme character.
  13. Doge Dash (DOGEDASH): A meme coin that can be used to participate in a Mario Kart inspired crypto game. Earn free crypto by racing other players and withdraw rewards instantly.
  14. Safemoon Inu (SMI): SMI is a BEP20 meme coin that can be used to take part in crypto games and govern the community. 2% of every transaction is distributed to token holders to encourage long term holding.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

What are Meme Coins?

what are meme coins

Meme are a type of digital assets that have garnered significant attention for their lighthearted and often humorous nature. Unlike traditional cryptocurrencies like Bitcoin or Ethereum, meme coins are not created with a specific utility or groundbreaking technology in mind. Instead, they are driven by the power of internet memes, pop culture, and online communities. These coins derive their value from the collective belief and enthusiasm of their followers rather than any tangible asset or use case.

The first meme coin to be created was DOGE in 2013. Created as a joke by software engineers Billy Markus and Jackson Palmer, Dogecoin was based on the popular internet meme featuring the Shiba Inu dog breed.  Following the success of Dogecoin, a plethora of other meme coins surfaced, each with its own unique theme and community.

Investors buy meme coins to be part of the online community, take advantage of price pumps and diversify their portfolios with non-traditional assets. Due to the fact that meme coins have no real utility, they can be VERY volatile. On one hand, this means that the prices of meme coins can see huge spikes and offer returns to investors quickly. On the other hand, the price of meme coins can drop just as quickly.

 

Best Meme Coins to Buy Now reviewed

Now that we’ve highlighted the top 10 meme coins to buy in 2024, we’ll proceed to review each one. As stated earlier, knowing the best meme coin to back can be challenging. So, here’s a more detailed look at the top 10 meme coins that made our list.

1. Scotty AI – Promising meme project that will provide AI solutions to crypto security

Scotty AI stands out as one of the most innovative meme tokens to buy in 2024. This is largely due to the token’s unique use cases that will attract AI enthusiasts and maintain the value of SCOTTY over time. Scotty is not just a meme coin, it is revolutionary solution to crypto security.

Scotty AI is a meme token project that will provide powerful AI solutions to blockchain projects. Scotty is a cartoon Terrier with exceptional abilities that include reading and interpreting complex code, remembering blockchain transactions, and fraud detection. The project aims to revolutionize blockchain security with an AI system that will serve as a ‘protector of secrets’ within the crypto space.

scotty ai meme coin

Scotty will act as an AI companion for crypto users who want to gain insight into the world of blockchain. The system is able to memorize every transaction and provide valuable insight into the current crypto market.

The project will be supported by the SCOTTY ERC-20 token. SCOTTY is currently going through round 3 of its fast-selling presale event during which 30% of the total token supply are available to buy. The remaining tokens will be used for staking rewards, exchange listings, marketing, and project development.

SCOTTY is one of the most promising meme coins to buy right now because the token has real utility, a strong marketing campaign and excellent fundamentals. You can invest in SCOTTY with ETH< USDT or MATIC through the official presale website.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

2. Smog Coin – Exciting new meme token with a fantasy theme that is set to explode

Looking to get involved with the next meme project that could explode? Smog Coin is a new meme token that aims to replicate the success of BONK and MYRO. Developed by an anon team and launched straight to DEX, Smog Coin will use strong marketing to attract investors and become the next trending token to pump in 2024.

Smog Coin aims to reward investors with one of the biggest crypto airdrops in history. To take part in the airdrop, you must collect airdrop points by investing in SMOG and completing tasks within the Smog Coin community. The more points that you earn, the more free crypto you will receive.

SMOG is a Solana-based token with a total supply of 1.4 billion. 50% of these tokens will be used for marketing and 35% will be given out during the airdrop. The remaining tokens will be used for exchange listings. To provide a fair entry point, Smog did not hold a presale. Instead, tokens were launched directly onto the Jupiter exchange. You can buy SMOG by swapping SOL or USDT tokens for the meme coin through Jupiter.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

3. Sponge V2 – The best meme coin to take advantage of an already successful ecosystem that is predicted to pump

SPONGEV2 is the newest token to be launched by the Sponge token ecosystem. The V2 coin will provide investors with a second chance to take advantage of a potential pump and bring utility to the ecosystem.

Sponge V2 cannot be purchased via presale like many new meme coins. Instead, investors can acquire the token by investing in and staking their Sponge V1.

Eventually, Sponge V1 will be phased out and only the V2 tokens will be usable in the ecosystem.

Sponge V2 will provide access to an exclusive P2E game through which players will be able to win crypto rewards. The token can also be used for staking to earn passive rewards over time.

The introduction of SPONGEV2 will encourage investors to hold their tokens, preventing sell-offs and stabilizing the price of the meme token. The team hope to recreate Sponge tokens previous success and provide early investors with generous returns.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

4. Frog Wif Hat – The French frog that could reach 100M market cap by the end of 2024

Frog Wif Hat is a loveable French frog that aims to reach a market cap of 100M which would be a 100x increase from the token launch market cap of 1M. The meme coin launched straight to DEX, offering investors a fair chance at participation, and saw a 4x price increase within the first 6 hours of launch.

Frog Wif Hat is a traditional meme token that has no real utility other than to provide investors with returns. The project will use humor to build a strong community of investors and reach its goal.

frog wif hat meme coin

Frog Wif Hat is a fashional reptile who can often be seen donning a beret. When he’s not smoking or drinking wine, he is using his baguette to take out any other meme coins and battle his way to the top spot.

FWIF is a meme coin inspired by the likes ot DogWifHat, Sponge Token and Smog Coin which also saw huge gains at the start of 2024. Frog Wif Hat hopes to provide early investors with generous returns. Investing in the project is a good way to gain exposure to a potential pump.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

5. Meme Kombat – Top utility meme token that can be staked or used to win free crypto in the Meme Kombat game

Meme Kombat is a newly created meme token that incorporates all the most famous meme characters battling it out in a combat arena. The platform offers users the benefit of staking $MK tokens for passive income, while also incorporating a bet-2-earn model. This new innovative GameFi project brings together meme communities to show support and wager on battles between their favorite meme characters.

Unlike other meme tokens, Meme Kombat provides users with a form of utility that aims to encourage user engagement on the platform. $MK holders are able to stake their tokens to earn passive APY%, and allocate portions of their staked $MK to wager in meme character battles. Meme Kombat incorporates artificial intelligence for randomization of battle outcomes, creating a fun and competitive environment for all enthusiasts across meme communities.

Meme Kombat meme coin

The total supply of $MK tokens is 12 Million, with 50% being available in the presale. Meme Kombat has allocated 30% of the total supply for staking and battle arena rewards, meaning early supporters will not be short of potential earnings.

The project has incorporated various ways to bet on your favorite meme characters in battles. Players can bet against one and other, stimulating a competitive environment between different meme communities. Users will also be able to bet against the game in a sportsbook style model, whereby users can bet with standardized odds on the outcome. The game also allows side action betting which is a more analytical style of wagers where players will bet of specific actions or events that occur in a battle.

The Meme Kombat presale is currently live with the price of one $MK token set at $1.667. An additional feature of this presale is that users who participate will have their tokens automatically staked which enables immediate APY% earnings until the launch. Meme Kombat is built on the Ethereum blockchain and $MK tokens can be purchased using ETH or USDT on the ERC20 network. Alternatively, Meme Kombat allows participation in the presale using BNB or USDT on the Binance Smart Chain.

The presale has already raised over $750k and is approaching the final stages.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

6. Wall Street Memes – Meme coin with a huge community and native crypto casino offering

Wall Street Memes is a new meme token project that has recently finished its best-selling presale event. It was already an established community before its crypto offering. The ERC20 token was created to grow the community whilst rewarding members with airdrops and chances to win tokens in the Wall Street Memes crypto casino.

The Wall Street Memes Platform has been a popular social media space for years. The platform encourages supporters to share memes about the volatile markets and connect with each other through humor. Memes are at the heart of this platform so it only makes sense that it develops its own meme token.

wall street memes best meme token

The $WSM meme token launched in May 2023 and raised over $25 million at presale. WSM is an ERC20 token with no major utility other than to provide profits to investors. 100% of tokens will be given to the community- 50% were sold through the presale, 30% will be used for airdrops and rewards, 10% will be saved of DEX liquidity and 10% will be saved for CEX liquidity.

After the success of the presale, the project team announced the launch of the highly anticipated WSM crypto casino. Here, investors will be able to use their $WSM tokens to win rewards by playing fun crypto games. This adds a layer of utility to the token and will ensure that investors hold their tokens long term.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

5. Dogecoin – The largest memecoin by market cap that has a history of generating returns

We can hardly talk about the popular meme coins without mentioning Dogecoin, right? And that’s why the “shitcoin” has made our meme coins list for 2024. Dogecoin was the first meme coin, and it launched in 2013.

Since then, many other dog themed meme coin competitors have entered the market. However, Dogecoin remains the largest meme coin by market cap – with about 132 billion DOGE tokens in circulation today.

doge bet meme coin to buy

For a cryptocurrency that started as a joke, DOGE has come a long way. It’s considered not only the best meme coin for long-term investment but also one of the most undervalued cryptocurrencies in 2024. It has an incredibly strong community and has grown to become the king of many meme coins out there. Thanks to backing from famous people such as Tesla and Space X CEO, Elon Musk, and legendary musician, Snoop Dogg, Dogecoin significantly dominates the meme coin ecosystem.

Just like Bitcoin and many other cryptocurrencies, the crypto bear market has negatively impacted the value of DOGE. At the time of writing, 1 DOGE is worth $0.056 – a significant drop from its $0.73 all-time-high in May 2021. But DOGE has also experienced bullish trends in the past. The coin has seen a 1,494% increase in the past, so experts believe DOGE investors will smile again.

DOGE has a track record of high performance and a solid project with a promising future. So, if you’re thinking of investing in one of the top 10 meme coins, DOGE is definitely worth giving a good look.

6. Shiba Inu – The second-largest meme token that can be used for peer-to-peer payments

Like Dogecoin, Shiba Inu is another notable digital asset on our meme coins list. SHIB has been one of the most popular meme coins since its launch in 2020 by anonymous owner Ryoshi. Shiba Inu has performed well in the meme coin market for a coin that started as an experiment to throw off DOGE.

Shiba Inu is nicknamed “the Dogecoin killer,” but the coin still follows Dogecoin in terms of market cap. However, SHIB has recorded exponential growth over its two-year period. In 2021, Shiba Inu’s value experienced a 21,000% increase – further proof that SHIB is arguably the best meme coin to buy in 2024.

shiba inu meme token

Another reason experts believe Shiba Inu will be one of the best meme coins valuable to its holders is because of the social media backing and hype it receives. SHIB has gained massive popularity from tweets and conversations from notable crypto-inclined personalities like the billionaire, Elon Musk, and Ethereum’s co-founder, Vitalik Buterin.

Similarly, Shiba Inu is a significant player in the DeFi space (just like DOGE). SHIB owners can use it to provide liquidity to the market, stake and earn rewards, and the crypto is compatible with NFT projects and Decentralized apps (DApps) through Shibaswap. Recently, the coin also made its way into the Metaverse and will soon have its own virtual real estate named Shiba Lands.

In other words, apart from the Twitter and social media frenzy, Shiba Inu has many use cases and is part of an exciting project. With current actions and relevant advancements, SHIB will experience a wider adoption, attract more investors, and ultimately experience more growth – which is why we rate it as one of the top 10 meme coins in 2024.

Fun Fact:

Experts have predicted that Shiba Inu could clinch an all-time high of $0.00008845 by the end of 2024.

7. Akita Inu – A large meme coin network that rewards token holders with regular airdrops

Akita Inu is another member of the best new meme coins clan that crypto traders and investors should pay close attention to. Like many other cryptocurrencies on this meme coins list, AKITA started as a meme. Elon Musk and the DOGE cryptocurrency reportedly inspired it.

However, one interesting thing about this coin is that it’s a community project based on the Ethereum network. In other words, the Akita Inu community participates in its project governance and other related activities. No founders, no team tokens, just a group continuously developing the project.

top meme coins

The project is still in its early days, with a group of meme crypto enthusiasts running the project instead of a dedicated team of experts. But this is no surprise, as the Akita Inu community believes the project is only a social experiment aiming to become the best meme coin that connects and drives like-minded people.

Another notable thing about the coin is that it allows for equity amongst owners. Unlike other DeFi crypto projects that give more rewards to developers, AKITA believes everyone should have an equal chance to own the crypto, and nobody should have a higher ownership right.

There are currently 1 trillion AKITA coins in circulation – with 50% of that (500 billion tokens) reportedly sent to Ethereum co-founder, Vitalik Buterin’s wallet, and the remaining 50% reportedly locked in Uniswap pool and the keys disposed of.

With its cross-chain interoperability with the Avalanche blockchain and the coin’s slow upward growth in the market, the future of Akita Inu looks interesting.

Fun Fact:

AKITA has a Telegram community with over 17,000 members as of the time of writing.

You cannot buy AKITA directly with fiat currency. Instead, you will need to use BNB the purchase the token. Once you have crypto funds available, you will be able to exchange BNB for AKITA through PancakeSwap.

8. MonaCoin – A Japanese memecoin that is used for payments and tipping

MonaCoin is one of the oldest meme coins around. “The crypto of Japan” was named after a famous Japanese art character, MONA. It launched in December 2013 as the first altcoin developed in the Asian country. MONA’s anonymous creator, “Mr Watanabe,” originally designed it as a payment network for peer-to-peer (P2P) transactions to eliminate exchanges and other third parties.

monacoin meme coins to buy

Mr Watanabe built MONA from Litecoin – the first-ever altcoin – but MONA uses a different algorithm. However, just like Bitcoin and Litecoin, the MonaCoin blockchain uses the proof of work (PoW) consensus mechanism to validate transactions.

Because of its origin, MONA is used more in Japan than in any other part of the world, but it isn’t a national cryptocurrency. It was also one of the first coins to integrate SegWit into its blockchain network. As a result, the MonaCoin blockchain has a high transaction processing speed compared to the Bitcoin and Litecoin blockchains.

Apart from its speed advantage, MONA is a valuable meme cryptocurrency. In 2017, its price hit an all-time high of $20.33. At the time of writing, 1 MONA is worth $0.55, up 0.73% in the last 24 hours.

You can purchase MONA coin on the PancakeSwap exchange using BNB tokens. However, it is not possible to buy the coin with fiat currency.

9. Baby Doge Coin – A community-driven meme token inspired by DOGE; Baby Doge has a deflationary supply and a large community of investors

As the name implies, BABYDOGE is Dogecoin’s “child.” It’s one of the best new meme coins that prides itself on its community drive – with the goal to connect the average person to crypto and help needy dogs.

babydoge meme crypto

BABYDOGE launched in June 2021. The team reportedly donated to charitable causes for animals and gathered influence from the outside world. A major perk of holding the BABYDOGE coin is that you get a cut for every transaction on its network.

The platform charges a 10% fee on every transaction, returns 5% of the amount to all BABYDOGE token holders as rewards, and uses the remaining 5% to add liquidity to the market.

The BABYDOGE token currently sells at $0.000000001356. With its history of returning over 3,500% at a point, it might be worth backing as one of the top 10 meme coins today.

To buy BABYDOGE, you will need to first purchase BNB from a regulated broker. Next, you will need to transfer these funds into a wallet such as MetaMask. Then, you can exchange BNB for BABYDOGE through the PancakeSwap exchange.

10. Dogelon Mars – Elon Musk-inspired meme crypto with a community of over 650,000 investors

Dogelon Mars is another member of our top 10 meme coins to buy. As the name implies, ELON is a spin-off from Dogecoin and is named after  Elon Musk’s and Space X’s adventure to Mars.

Like other best new meme coins, ELON is a decentralized and community-ran project. However, Dogelon Mars has no notable figures backing it or drawing attention to it on social media unlike most meme coins.

dogelon mars best meme coin

Despite the absence of social media frenzy, Dogelon Mars has a big community of over 90k on Telegram. ELON currently trades at $0.00000033, and experts believe it has the potential to rise over the coming years.

Like many of the other meme coins on our list, ELON cannot be purchased directly with fiat currency. Instead, you will need to use BNB to buy the coin through an exchange. You can purchase BNB (Binance Coin) with our recommended broker eToro.

11. Doge Dash – Fun gaming meme coin that allows players to earn income by playing

Doge Dash is a play-to-earn cryptocurrency inspired by the old Mario game from the 90s, where players needed to dash to collect coins while playing. The meme coin is on the Binance Smart Chain network. Its primary purpose is to encourage more people to enter the crypto gaming industry.

dogedash meme token

We consider it one of the most popular meme coins 2024 because it uses fun and nostalgia to drive more adoption and its founder, Paul, works with a team to develop the project.

At the time of writing, DOGEDASH sells for $0.0001029, but there’s a prediction that it will rise to $0.000299 in 2023. And this may be a good reason to look into the coin.

DOGEDASH is available on popular exchanges including PancakeSwap. To purchase the token, you will need to use BNB as you cannot purchase the coin directly with traditional payment methods such as credit/debit card or bank transfer.

12. Safemoon Inu – A gaming token that can be used to earn rewards and take part in governance

SafeMoon Inu is the last best meme coin on our top meme coins list. But this doesn’t in any way mean the crypto is the least valuable meme coin to invest in. Like other popular meme coins that you can buy in this guide, SafeMoon Inu is a community-driven cryptocurrency that can also be used for gaming.

The SafeMoon Inu (SMI) project is quite an interesting one. The SMI blockchain is built on the Ethereum network, and the community is building a new gaming platform, SMI Play, where gamers can compete to earn rewards (play-to-earn) with in-game NFTs.

safemoon inu best meme coin 2023

In other words, people can play games, earn, mint, and sell NFTs, and have some laughs with the platform’s numerous memes. SMI holders also get 2% of every transaction on the blockchain as rewards when they stake their assets.

You can buy SMI through the Coinbase exchange using BTC or ETH. If you do not already own any of these currencies, we recommended that you purchase some before investing in SMI. This is because it is not possible o buy SMI directly with fiat currencies.

How do Meme Coins Work?

Meme coins are digital currencies that run on blockchain technology. Just like traditional cryptos, meme coins can be swapped on decentralized exchanges and some are even listed on centralized exchanges. Meme tokens are mined through PoS or PoW consensus mechanisms.

Meme coins are created as a short-term investment with the aim of creating a pump that will reward early investors. Most meme coin projects will hold a presale through which investors can purchase tokens at a very low price. After the presale, marketing and social media hype is used to push the price of the token upwards and reward presale investors.

As well as providing returns to investors, meme coins can be used as means of payment, to access governance, for staking and to participate in meme coin games.

Are Meme Coins a Good Investment? – 3 Reasons to Buy Meme Coins in 2024

Meme coins are a good investment in 2024 because the tokens perform well when other crypto assets struggle. This means that investing in meme tokens is a good way to diversify your portfolio and reduce risk during periods of high market volatility. Still not sure whether to buy meme coins? Here are 3 reasons to invest in the best meme coins in March 2024.

best meme coins to buy

1. Meme coin presales provide an opportunity to invest while tokens are undervalued

One of the main reasons to invest in popular meme coins in 2024 is that many of the current top meme tokens are still in presale. This means that it is possible to buy the coins at a very undervalued price and take advantage of guaranteed returns.

Recent meme coin presales including PePe coin, Copium Club and Sponge token have provided early investors with huge gains. The best meme coins on our list aim to replicate this success and hope to 1000x when they are eventually listing on exchanges.

The meme coin market moves quickly and new coins are launched every day. Therefore, if you miss the chance to invest early, you may not be able to make profit from the tokens at another time. A lot of meme coins experience one huge pump only. Don’t miss the opportunity to buy the current best meme coins during presale.

Read more: Best Meme Coins to Invest in: Top Picks for Exponential Gains!

2. Meme coins are a good way to diversify your portfolio

As we mentioned earlier, meme coins tend to do well when other digital assets are struggling. This means that investing in meme coins is a good way to diversify your crypto portfolio. 

Diversification is one of the best ways to reduce the overall risk of investing in cryptocurrencies. By investing in a variety of different coins, you spread out your funds which means that your investments won’t be wiped out if one coin goes down.

Meme coins are completely different to Bitcoin and other altcoins. This means that factors that affect the value of traditional crypto assets may not affect meme coins as prominently. However, the differences between traditional cryptos and meme coins also makes them a more volatile investment. If you do choose to invest in meme coins, balance out your portfolio with stablecoins to reduce risk.

3. Take advantage of staking, airdrops and play-to-earn opportunities

Original meme coins were created with no utility. However, some newer meme crypto projects have developed and now provide investors with opportunities to earn free tokens via staking, airdrops and even meme coin games. 

For example, $SONIK offers a staking mechanism through which meme coin holders can earn passive income by staking their $SONIK tokens for a period of time. Sonik Coin is one of th first meme coin projects to offer this feature which makes it a stand out option on our list of best meme coins.

Wall Street Memes is another innovative meme coin project that will reward investors via airdrops. A crypto airdrop is an event through which free tokens are given to existing investors. The more $WSM that people hold, the more tokens they will receive.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

How to Buy Meme Coins on eToro

You’ll find meme coins on various centralized and decentralized crypto exchanges today. Some of the coins on our top 10 meme coins list are still very new, so you may only find them on decentralized exchanges. If this is the case, you will need to first purchase BNB, BTC or ETH to be able to buy the tokens.

Our top recommended broker for purchasing crypto is eToro. While you may not be able to buy all of the meme coins directly through the platform, you can use eToro to purchase BNB, BTC or ETH.

Step 1: Create an account

To do this, you will need to register for an eToro account by visiting the website. You will be asked to provide a few personal details such as your name and email address and create a password.

You will then need to verify your ID by providing either a valid passport or driver’s license. This process is fairly quick and usually takes just a few minutes to complete.

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Step 2: Fund your account

Once you have created your eToro account, you will need to add funds. Currently, eToro only supports deposits via debit card or bank wire transfer. The minimum deposit is just $10, however, if conducting a bank wire the minimum is $500.

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Step 3: Purchase crypto

The next step is to purchase crypto tokens that can be swapped for meme coins. The token that you should buy depends on which exchange/platform you wish to use. For example, to buy TAMADOGE through the presale event you will need to use ETH.

You can purchase ETH on eToro by using the search bar to find the coin and then placing an order.

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Step 4: Transfer your crypto to a wallet

Not all of the meme tokens mentioned above can be purchased from a centralized exchange. In this case, you will need to buy tokens that can be swapped for meme coins and then transfer these to a crypto wallet. Good options to consider include MetaMask and Trust Wallet.

Move your crypto to the eToro Money wallet and then send the coins to your third party wallet using the correct address. It may take a few minutes for the transaction to complete. Make sure that you have enough funds to cover gas fees.

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Step 5: Purchase meme coins from a decentralized exchange

The next step is to connect your crypto wallet to a decentralized exchange that lists the token you would like to buy. You can also follow this process when buying meme coins through presales.

Once your wallet is connected, go ahead and swap cryptos for meme coins.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Our verdict

Meme coins are here to stay, and we’ve highlighted some of the best meme coins for 2024 in our top 10 meme coins list. There’ll undoubtedly be more new meme coins developed and added to the long list of best new meme coins in the future, but for now, you can invest in these assets with great potential gains.

However, it’s essential to have it at the back of your mind that even the best meme coins thrive on social media backing, so they are more volatile than regular cryptocurrencies like Bitcoin and USDT. So, be sure to invest what you can afford to lose and have a good strategy when investing in meme coins.

If you’re looking to get involved with the next meme token that could pump, we suggest looking into Smog Coin.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

 

FAQs

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References: 

Maryam Jinadu

Maryam Jinadu

Maryam Jinadu is a freelance crypto & fintech writer. After completing her pharmacy degree at the University of Lagos, Nigeria, in 2018, she began writing professionally in fintech. She has worked with top fintech/crypto companies such as Bit.com, Equalizer, Koinly, Olymp Trade, Salesgnomics, Scribbr, and Swapzone. She currently freelances on Upwork and writes weekly reviews at 18digits.com. Maryam lives in Manchester, United Kingdom.