The Top 17 Meme Coins to Purchase in January 2024

Memes are still well-liked by investors looking for high-yield, high-risk investments. After all, meme coins have the potential to produce large profits if invested in at the proper moment. We examine the top 17 meme coins to purchase in 2024 in this guide.

Top Meme Coins to Purchase Right Now for Rapid Growth

The following projects have been determined to be the greatest meme coins available for purchase at this time:

1. Sponge V2 – Sponge V2, which offers an estimated 40% APY in staking rewards, revives the legacy of the $SPONGE meme coin and has a thriving community of over 30,000 members. It also features a unique Stake-to-Bridge mechanism and a Play-to-Earn game. The successful predecessor of Sponge V2 achieved a market capitalization of $100 million, thereby paving the way for its possible rise.
2. Meme Kombat – Explore the cutting-edge Meme Kombat universe, where blockchain technology and artificial intelligence combine to create an exhilarating arena for the best meme coins, all on the Ethereum network. Accessible through its strong staking mechanism, $MK offers an alluring 112% APY reward, opening doors to a universe full of opportunities and usefulness.
3. Wall Street Memes – Originating from a formidable community that had previously initiated a prosperous NFT collection, $WSM boasts more than a million committed supporters and sets itself apart with a strong community foundation, impressive presale performance, and a commitment to rewarding its backers. It went live on CEX platforms after raising more than $25 million USDT in a month, demonstrating the strong support of the community.
4. Bitcoin Minetrix – With the world’s first stake-to-mine platform, Bitcoin Minetrix is a ground-breaking project that enables users to earn mining rewards for Bitcoin by staking BTCMTX tokens. With an incredible $100,000 raised in the first hour of the presale, it is poised to completely change who can mine Bitcoin. It offers a profitable passive income stream by fusing cutting-edge mining and staking.
5. Chimpzee – A green cryptocurrency that prioritizes addressing climate change and protecting wildlife. It presents a novel incentive model with a three-pillar ecosystem by utilizing blockchain technology. In its presale, the project has already raised more than $680,000.
6. Dogecoin – The original meme coin and the largest by market capitalization, Dogecoin remains a popular cryptocurrency. It has one of the largest token holdings of all cryptocurrencies, a crucial metric for meme coins to thrive. Moreover, Dogecoin is trading at almost 90% below its prior all-time high, offering a great entry point for meme coin investors.
7. Shiba Inu – Shiba Inu, one of the most popular meme coins ever, was introduced in 2020. Its multi-billion dollar market capitalization and devoted community of holders are similar to those of Dogecoin. Shiba Inu is developing a fully-fledged metaverse and a decentralized exchange to expand its use cases.
8. RichQUACK – In late 2021, this meme coin project was introduced. A hefty 12% tax is applied to RichQUACK transactions in order to discourage day traders from manipulating the market. A portion of the tax revenue is disbursed to holders of QUACKs. The market capitalization of RichQUACK is slightly more than $40 million.
9. Dogechain – Dogechain has created an ecosystem that gives owners of Dogecoins access to Web 3.0 resources. Not to mention play-to-earn games and NFTs, this also covers decentralized finance products. Holders of DC, the native meme coin, can take part in governance decisions.
10. Milady Meme Coin – One of the newest and most popular meme coins available is Milady Meme Coin. Milady Meme Coin has produced returns of more than 34,000% over the last seven days, according to CoinMarketCap. As a result, the project now has a market valuation of more than $100 million.
11. Pepe – One of the meme coins that has grown the fastest in recent months is Pepe. The project is still popular in the cryptocurrency community and is based on the well-known Pepe the Frog franchise. Despite its April 2023 launch, Pepe has already produced gains of over 3,000%. Nevertheless, Pepe is presently experiencing a market correction, allowing those who were unable to participate to do so at a reduced cost.
12. Floki – Elon Musk’s dog’s name is parodied as “Floki.” But this project goes beyond a simple meme coin. It is creating an NFT marketplace, a play-to-earn metaverse, a crypto education platform, and a set of DeFi tools.
13. Dogelon Mars – In 2021, Dogelon Mars was launched during the pinnacle of Elon Musk’s power in the meme community. Shortly after launch, the token saw a 4,500% increase, but it has since cooled. Dogelon Mars still maintains a sizable fan base, with close to 450,000 followers on Twitter.
14. Baby Doge Coin – Baby Doge Coin levies a 5% tax on each transaction and is an extremely deflationary token. The tax is redirected to token holders, offering a compelling reason for consumers to purchase and retain this meme coin with a Shiba Inu theme.
15. Banano – Between 2020 and 2021, Banano saw an increase of over 11,000%, and it is currently waiting for another opportunity to soar. With several faucets to earn free $BAN, including by funding medical research, this token with a banana theme is available.
16. Akita Inu – This token, which has seen a spike of over 50% in recent weeks, is still one of the most well-liked Shiba inu-themed tokens. Due to Ethereum creator Vitalik Buterin receiving half of the token supply and donating it to charitable causes, the token gained notoriety.
17. Garlicoin – Primarily traded on decentralized exchanges, Garlicoin is a small-cap meme coin. Because there is little entry barrier and new blocks are created every 40 seconds, this token is ideal for experimenting with cryptocurrency mining.

In the sections of this guide that follow, we examine the list of meme coins mentioned above.

An Examination of the Top Meme Cryptocurrencies for Investing

Identifying the projects with the greatest potential for success is one of the most difficult parts of investing in meme coins. A few things that investors should think about are the meme coin’s use case (if any), its online following (on social media, for example), and its current market capitalization.

By examining the top meme coins to purchase in 2024, we hope to clear some of the confusion.

Note: A lot of meme coins fail, but some go on to make incredible returns. Diversification becomes even more crucial as a result. When investigating the top meme coins covered below, keep this in mind.

1. Sponge V2 – Bringing Back a Legend of Meme Coins through Creative Stake-to-Bridge Mechanics

The much-lauded $SPONGE meme coin, which enthralled the cryptocurrency community by soaring to an astounding $100 million market cap, has a formidable heir in Sponge V2.

The innovative Stake-to-Bridge mechanism, a novel tactic that smoothly integrates Sponge V1 holders into the V2 ecosystem, serves as the foundation for this latest version.

The Play-to-Earn (P2E) game that Sponge V2 introduced is a key component of its appeal because it adds usefulness and level of engagement to the meme coin world. 

This integration fits with the expanding trend of gamification in the cryptocurrency market by enhancing the coin’s entertaining factor and providing real rewards. The coin’s appeal will be expanded beyond speculative trading thanks to the game’s promise of being a combination of earnings and entertainment.

The core of Sponge V2 is its community, an active and thriving group of more than 30,000 members. This vibrant community has both witnessed and assisted in Sponge V1’s expansion and success.

This community is anticipated to expand and diversify with Sponge V2, drawing in gamers and cryptocurrency enthusiasts alike.

The project offers long-term investors a lucrative 40% annual percentage yield (APY) in staking rewards over a four-year period. This feature demonstrates Sponge V2’s potential as a long-term investment in the erratic world of cryptocurrencies and underscores its dedication to generating sustained value for its holders.

Major cryptocurrency exchanges are anticipated to list Sponge V2, increasing its availability and liquidity. Alongside this growth is an even more extensive marketing campaign designed to reach a broader audience and establish the company’s place in the industry.

Visit Sponge V2
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2. Meme Kombat – The First Battle Arena for Meme Tokens in the World

The world’s first fighting arena designed for the top meme coins available is called Meme Kombat. Meme Kombat is intended to appeal to true meme coin enthusiasts with its strong branding and wide range of meme coin characters.

The Meme Kombat Token ($MK), which debuted with a hard cap of 10 million USD, a launch price of $1.667, and a total of 12,000,000 tokens, is the engine of this thriving ecosystem. The CEO/project lead has been doxxed, demonstrating transparency and dependability, and the project is gaining a lot of traction in Web3 circles.

Meme Kombat offers a novel staking mechanism that enables users to gain rewards with a 112% annual percentage yield. Token staking, outcome-based wagering, and an intrinsic reward system are all made possible by the platform. Staking, which enables users to stake and earn meme coins, is not only a profitable opportunity but also evidence of the project’s true utility.

Meme Kombat’s inventive technical architecture combines blockchain technology with artificial intelligence to provide users with a safe and seamless experience. The project’s roadmap is clearly laid out.

Meme Kombat prioritizes community development and marketing. Not only is it important to create a token, but it’s also important to create a community of people who share your beliefs and support the project’s goals. Through a variety of channels, the project actively engages the community and informs them of the most recent updates and developments.

Meme Kombat is a brand-new stake-to-earn meme coin that sticks out thanks to its strong branding and visuals, a wide range of meme coin characters, and cutting-edge features. 

Meme Kombat is well-positioned to be a prominent project in the meme coin and larger cryptocurrency space thanks to its open methodology, cutting-edge features, and vibrant community base.

Visit Meme Kombat
Crypto assets are a highly volatile unregulated investment product.

3. Wall Street Memes – Meme Coin with a Vibrant Presale and a Dedicated Community

Wall Street Memes ($WSM) introduced its meme token during the 2023 meme coin explosion to provide investors who missed the opportunity with alternative meme tokens. The $WSM token, which has its roots in the Wall St Bulls NFT collection, was created by a group of people who, in 2021, sold 10,000 NFTs on the Ethereum blockchain in less than 30 minutes.

The Wall Street Memes community is deeply ingrained, with over a million members on multiple social media networks. Elon Musk and other well-known individuals have drawn attention to the platform, which has a sizable user base. Because of its strong network, $WSM is able to avoid the “pump and dump” problems that other meme coins, like Wojak or Turbo, encounter.

A robust launch is made possible by the 2 billion token total supply, of which half are reserved for presale investors. The remaining tokens will be distributed by this community-focused cryptocurrency to reward users and maintain exchange liquidity.

For prospective investors, the 30-round presale phase is an exciting time. Tokens in the first round were quickly claimed, demonstrating the excitement surrounding $WSM. The project aims to raise more than $30.5 million in order to establish a solid foundation for this viral phenomenon on the internet.

Significant support has been shown for this platform, which raised over $300,000 in the first day of the presale and $12.6 million in less than a month. The appeal of $WSM is increased by the prospect of future exchange listings, possibly on trustworthy sites like Bybit or Binance.

The community also encourages participation with an airdrop, giving away $50,000 in five $10k prizes to social media followers.

Consider subscribing to the Wall Street Memes Telegram to receive up-to-date information on the $WSM presale and other developments regarding the future of meme coins.

Visit Wall Street Memes
Crypto assets are a highly volatile unregulated investment product.

4. Bitcoin Minetrix – Innovative Stake-to-Mine System with Vibrant Pre-sale Results

The world’s first stake-to-mine token was introduced by Bitcoin Minetrix ($BTCMTX), a brand-new, ground-breaking project in the cryptocurrency space that enables regular investors to start earning Bitcoin mining rewards as low as $10.

With $100,000 in investments made in the first hour of the presale, this ground-breaking project has already created a great deal of excitement and shown promise for revolutionizing the Bitcoin mining industry.

The Bitcoin Minetrix presale has received a resounding response from regular investors eager to participate in the mining ecosystem without having to deal with the burden of maintaining large, energy-intensive mining rigs.

By removing barriers to entry and providing a straightforward way for users to participate in Bitcoin mining by buying and staking BTCMTX in return for cloud mining power, the project seeks to democratize Bitcoin mining.

Staking and mining, two of the most well-liked topics in cryptocurrency investing, are combined in a way that no other project has, making Bitcoin Minetrix stand out for its distinct approach. 

With over 400,000 BTCMTX locked, the staking pool has already garnered significant participation. Its staking mechanism allows for passive token generation, producing 158.5 tokens per ETH block at a current APY of 103,225%.

The foundation of Bitcoin Minetrix is the vibrant community that surrounds it; trust and active participation are fostered by the project’s open and user-friendly methodology. The Bitcoin Minetrix project is committed to accessibility and simplicity, as evidenced by its $10 minimum purchase requirement, which enables a wide range of investors to start on the platform. A specialized mobile app for managing tokens is in the works.

Mining with Bitcoin Minetrix is efficient and environmentally friendly; it’s not just about making money. The project makes use of cloud mining, a more environmentally friendly substitute for conventional Bitcoin mining that enables people or organizations to buy or rent a portion of processing capacity that has been set aside especially for mining without having to own or maintain any additional infrastructure.

With its groundbreaking stake-to-mine model, phenomenal presale performance, and dedication to environmentally sustainable mining, Bitcoin Minetrix is positioned to revolutionize the cryptocurrency industry. It is a promising project for possible investors because of its strategy for democratizing Bitcoin mining and its emphasis on community involvement and transparency.

Visit Bitcoin Minetrix
Crypto assets are a highly volatile unregulated investment product.

5. Chimpzee – Meme Coin with an Environmentally Friendly Objective Raises Over $680K in Pre-Sale, Provides Up to 20% APY

Blockchain technology is being used more and more to harness the power of global support for shared objectives, particularly environmental conservation. 

Among the new meme coins, Chimpzee stands out for its dedication to protecting wildlife and combating climate change. With over $680k raised during the presale, the project has a bright future.

It encourages interaction with a special cryptocurrency incentive scheme, making it more than just another blockchain token. In contrast to conventional conservation initiatives, Chimpzee uses NFTs, blockchain, and cryptocurrency to increase participation and rewards.

By contributing 10% of its entire coin supply to reputable environmental organizations such as OneTreePlanted, The Giving Block, and WILD, Chimpzee broadens its scope beyond the cryptocurrency market, thereby enhancing its prospects for growth.

An enjoyable user experience is guaranteed by the Chimpzee ecosystem, which includes the Zero Tolerance Game, NFT Marketplace, and Chimpzee Shop. 

When customers purchase unique merchandise, The Shop gives them CHMPZ coins as payment. Prioritizing NFTs with an environmental focus, the Chimpzee NFT Marketplace is the first trading platform in the world to share trading fee profits with users.

Additionally, the Zero Tolerance Game fosters player engagement by offering an engrossing play-to-earn experience that enables you to gain CHMPZ coins and superior rewards.

The main component of the Chimpzee ecosystem is the Chimpzee NFT Passports, which provide holders with a number of benefits in appreciation for their monetary contributions. 

You can earn up to 20% APY by staking your NFT passport once it becomes available. The NFTs in the Diamond and Gold series, in particular, offer the biggest advantages and rewards.

Native CHMPZ coins are available for purchase during the presale with bonus coins, even though the NFTs have not yet been launched. 

To receive the most recent updates, interested users can subscribe to the Chimpzee Telegram channel.

6. Dogecoin – The Original Meme Coin Trading at a 90% Bear Market Discount

Dogecoin is regarded as a long-term project, but many meme coins are preferred by traders who trade in the short term. The first meme coin was introduced in 2013 and is called Dogecoin. It was made as a joke and had no use cases or goals for the roadmap. As a result, Dogecoin’s value was negligible for a long time.

But in terms of market capitalization, Dogecoin is currently among the biggest cryptocurrencies. In the bitcoin market, it also has one of the highest numbers of token holders. Dogecoin didn’t really take off until the beginning of 2021. This coincided with Elon Musk’s frequent tweets about the meme coin during the previous bull market.

CoinMarketCap notes that at the beginning of 2021, Dogecoin was valued at $0.005, demonstrating its extraordinary growth. Dogecoin was trading at $0.74 by the middle of 2021. That translates into gains exceeding 14,000%. Dogecoin is currently trading 90% less than its previous all-time high. For long-term gain, this puts Dogecoin among the greatest meme coins to purchase.

7. Shiba Inu – Among the Greatest Stories of Meme Coins to Date

One of the most popular meme coins to hit this market is Shiba Inu. Developer Ryoshi, who wishes to remain anonymous, started the project in 2020. The principal aim of the developer was to emulate the financial gains produced by Dogecoin. Despite the fact that Shiba Inu had no use cases at first, the project managed to generate an extraordinary level of buzz.

In response, within a year of its launch, Shiba Inu achieved a billion-dollar market capitalization. In fact, Shiba Inu was valued at more than $40 billion during the height of the bull market. For early investors, this means growth of millions of percentage points. Shiba Inu is currently trading at a steep 90% bear market discount.

Investors in meme coins who think that during the next bull run, Shiba Inu will reach its previous peak will find this appealing. Shiba Inu has also developed a number of use cases for its tokens. The project has created a metaverse and a decentralized exchange, for instance. With the latter, holders of SHIBs can purchase virtual land backed by NFTs.

8. RichQUACK – Passive Rewards Are Made Possible by Sharing A 12% Sales Tax With Token Holders

RichQUACK is a meme coin project that was introduced in late 2021 and is intended for long-term investors. QUACK, the native token, has a steep 12% sales tax. This was put in place to discourage day traders from tampering with the market. A fair portion of the 12% tax collected from sellers is given to QUACK holders—4% of the total.

Because of this, investors can profit passively from HODLing alone. Project development, marketing, and liquidity are the designated uses for the remaining tax. Additionally, RichQUACK has created an anti-whale mechanism. As a result, no wallet may possess more than 1% of the entire QUACK supply. At present, the current valuation of this meme coin is slightly above $40 million.

9. Dogechain – Introducing Web 3.0 Tools and Smart Contracts to the Dogecoin Ecosystem

In order to integrate Web 3.0 tools and smart contracts into the Dogecoin blockchain, Dogechain was introduced in late 2022. As a result, owners of Dogecoin will have access to decentralized financial services like borrowing and lending. Additionally, Dogechain will make it possible for Dogecoin to support play-to-earn games and NFTs.

Since Dogecoin is now compatible with smart contracts, it is unable to directly support these products in its current form. Dogechain is among the greatest meme coins to purchase for practical applications as a result. Holders of DC, the native token, can take part in proof-of-stake governance.

10. Milady Meme Coin – A 7-Day Gain of Over 34,000% for the Meme Coin Project

One of the best examples of how quickly a meme coin can go viral and induce FOMO (Fear Of Missing Out) is Milady Meme Coin. Milady Meme Coin has made gains of more than 34,000% over the last seven days, according to CoinMarketCap. This implies that investing $100 in Milady Meme Coin would now yield a profit of more than $34,000.

This project has use even though it bills itself as a meme coin. In other words, Milady Meme Coin supports the NFT collection of the project. Furthermore, extra tokens will be awarded to Milady Meme Coin NFT holders. Holders of NFT can now trade with minimal fees thanks to Milady Meme Coin’s bridge to the Arbitrum network.

11. Pepe – A Meme Coin with Rapid Growth in 2023

In terms of growth, Pepe is among the top meme coins for 2023. CoinMarketCap states that Pepe debuted in April 2023. Pepe exceeded a market capitalization of more than $1.6 billion in a matter of weeks. Pepe is now among the meme coins with the quickest rate of growth for the year.

Pepe is currently trading for $0.000001754 per token. In comparison to its original listing price, this represents gains of more than 3,000%. Having said that, Pepe’s valuation has dropped by more than 50% from its peak due to a market correction. However, a few of the biggest exchanges in the world, such as Binance, Kucoin, and Gemini, have already listed Pepe.

12. Floki – Meme Coin Creating a DeFi Platform and a Gaming Metaverse

One of the newest meme coins with a Shiba Inu theme is called Floki. It bears the name Floki, after Elon Musk’s dog.

During the recent meme coin frenzy, the coin gained a lot of attention and saw a 450% increase in value from its listing price. Floki can now be found listed on a number of significant exchanges, such as Bitrue, OKX, Deepcoin, CoinW, and Binance.

Floki is a meme coin, but it’s also got a serious purpose. The goal of this project is to create a play-to-earn gaming metaverse that it has named Valhalla, after the gods’ old Norse home. Additionally, it is creating a line of DeFi tools known as FlokiFi. In addition, Floki intends to launch the University of Floki, an educational platform, and FlokiPlaces, an NFT marketplace.

Since the coin is relatively new, the majority of these efforts are still only on paper. But with so much potential for growth, this is a meme coin that is definitely worth watching.

13. Dogelon Mars – Dogelon Mars: Stacking Memes and Holding Out for the Next Space Rocket

Dogelon Mars is a well-known meme coin that originated in the 2021 Dogecoin frenzy. Elon Musk’s name and the notion of launching a token into space are among the memes from the era that are combined in the name.

Not long after listing, Dogelon Mars saw a massive 4,500% pump, and in October 2021, it experienced another pump. But since then, as people have switched to other meme coins, the coin’s value has been declining.

Still, Dogelon Mars maintains a command over a sizable community. The token has almost 450,000 followers on Twitter. Elon Musk, the creator of the token, may launch Dogelon Mars back into space with a tweet.

14. Baby Doge Coin – Extremely deflationary Meme Coin Paying Out to Long-Term Owners

Another token with a Shiba inu theme, Baby Doge Coin, debuted in 2021 as cryptocurrency enthusiasts seemed to be obsessed with Dogecoin.

This token is special because it promotes long-term holding and is extremely deflationary. The project discourages users from selling by imposing a 5% tax on each Baby Doge Coin transaction. Depending on how many tokens they own, Baby Doge Coin holders receive a redistribution of that tax. Thus, holders of tokens can receive rewards simply by holding them.

According to CoinMarketCap, Baby Doge Coin has held up quite well over time and continues to see a daily transaction volume of over $5 million. With 1.9 million followers, the project uses Twitter to spread awareness of issues related to animal welfare.

15. Banano

As a “feeless, instant, rich in potassium cryptocurrency,” Banano bills itself as one of the more popular meme coins that isn’t centered around Elon Musk or Shiba Inu.

The goal of Banano was to build a network for feeless transactions in addition to having fun. In the world of cryptocurrency, that is uncommon because transaction costs are always associated with them.

In addition, Banano provides a plethora of options for users to exchange messages with other Banano users in order to earn additional $BAN tokens. Contributing computer power for medical research is another way to earn $BAN; this helps the world while also allowing users to make money.

Banano saw an increase of over 11,000% following its 2020 launch. It hasn’t, however, seen much activity in the last year and wasn’t helped by the most recent meme craze.

16. Akita Inu

Much of the underlying code for Akita Inu was taken from the popular Shiba Inu project, which it was developed as a follow-up to. Tokenomics of the project is the primary distinction.

Half of the token supply was sent to Ethereum founder Vitalik Buterin at the project’s launch. It burned the keys and sent the other half to a Uniswap pool. Among other charitable organizations, Buterin gave the tokens to the India Covid Relief Fund.

Even though Akita Inu lacks the utility of more recent meme coins and isn’t as wise as a long-term investment due to its peculiar tokenomics, traders can still profit from its sporadic surges. In the first few months of this year, trading activity surged, causing $AKITA to briefly rise by more than 50%.

17. Garlicoin

With a garlic theme, Garlicoin is a small-cap meme coin that prioritizes usability and cheap transaction costs. It’s particularly alluring to users who wish to give token mining a try. Because of its proof-of-work algorithm that is resistant to ASICs, Garlicoin can be mined by anyone with a computer. Furthermore, rewards are given out frequently because new blocks are created every 40 seconds.

The lively and joyful atmosphere of Garlicoin entices users to stay with this obscure meme coin. Additionally, it has faucets that release rewards for Garlicoin every eight hours.

Because Garlicoin is listed on a small number of centralized exchanges, it has a relatively low trading volume on CoinMarketCap. On decentralized exchanges like PancakeSwap, Uniswap, and TradeOgre, the token is more widely used.

How do Meme Coins Work?

Meme coins, to put it simply, are digital currencies that parody a well-known meme or trend. For instance, the Shiba Inu dog breed served as the inspiration for the original meme coin, Dogecoin. Likewise, Sponge draws inspiration from the SpongeBob SquarePants series, whereas Pepe is modeled after Pepe the Frog.

In any case, a lot of meme coins are made with no intended application. Consequently, investors speculate by purchasing meme coins. It is hoped that as more and more people purchase the relevant meme coin, its market value will rise. This can occur when a meme coin project receives a lot of media attention and has a sizable community following.

Take Shiba Inu, for instance, whose main goal was to become a “Dogecoin Killer” when it was introduced to the public in 2020. Still, a tonne of SHIB tokens were purchased by investors, boosting Shiba Inu’s market value to over $1 billion in less than a year. Most importantly, this shows how illogical and unpredictable the meme coin market is.

Even though some of the most popular meme coin projects are completely useless and have no practical applications, they have managed to make enormous profits. Even though investors who are risk-averse won’t be drawn to meme coins, diversifying your investments across several projects is a wise move. After all, the process is worthwhile only if one meme coin explodes.

The Meme Coins’ Past

A brief synopsis of the meme coin journey is provided below:

• The first meme coin to hit the market in 2013 was called Dogecoin. It had no practical applications and was made as a joke.
• When Dogecoin first launched, its price was $0.00030, according to CoinMarketCap.
• In 2021, Dogecoin reached an unprecedented peak of $0.74. This translates to a nearly 250% gain.
• Since Dogecoin’s creation more than ten years ago, the market has seen the introduction of over 650 other meme coins. This results in a valuation of the meme coin market exceeding $17 billion.
• Many other meme coins are worthwhile to take into consideration, even though Dogecoin and Shiba Inu account for the great majority of the industry’s value.
• This includes AiDoge and Wall Street Memes, two presale projects with modest market capitalizations.
• Since the previous bull market peaked, many popular meme coins have experienced a significant decrease. Dogecoin, for instance, is currently trading 90% less than its peak.

Why Purchase Meme Coins?

The main motivation behind meme coin purchases is speculation. Investors in meme coins aren’t looking to profit from the stock market by 10% annually. Conversely, they relish taking great chances in order to reap rewards that can change lives.

This section explores the reasons behind the growing popularity of meme crypto coins among speculative investors.

High Growth Potential

Of course, the goal of purchasing meme coins is to profit handsomely. It is hoped that the selected meme coin will follow in Dogecoin and Shiba Inu’s footsteps of success. After all, early investors have made returns on these meme coins that have changed their lives. It would take many centuries for the S&P 500 to yield returns comparable to these.

Shiba Inu, for instance, produced returns of more than seven million percent in 2021, according to Markets Insider. This implies that a $10 investment would have yielded a $70 million return. Even though Shiba Inu has been a bust for investors, there are plenty of other options to take into account.

Wall Street Memes is the greatest meme cryptocurrency, according to our research. In less than a week, this presale project raised over $2.6 million, giving early investors the opportunity to lock in a lower price.

Low Token Price

The low token price of the majority of meme coins is one of their main features. This attracts investors who wish to buy a lot of tokens, even though it doesn’t increase the meme coin’s market potential.

For instance, millions of $WSM tokens will be generated for every $100 invested during the Wall Street Memes presale. On the other hand, $100 invested in Bitcoin would only obtain a small portion of a single token.

Easy to Diversify 

As we previously stated, this industry has over 650 meme coins. Additionally, new meme coins are added to the market every day. Diversification is made simple by this, even though it becomes challenging to decide which meme coin to purchase.

• Let’s say an investor wants to buy meme coins with $500, for instance.
• It wouldn’t be wise to invest the whole sum in a single meme coin.
• Ultimately, the investor will probably be left with worthless tokens if the meme coin fails.
• Alternatively, a less adventurous strategy would be to purchase ten distinct meme coins at a rate of $50 each.

Even if only a single selected meme coin blows up, this could still result in sizable profits.

Bear Market Discounts 

The current crypto winter is offering some noteworthy discounts. This covers most of the meme coins that were covered today. Dogecoin, for instance, is now trading 90% less than its previous all-time high.

Some investors think Dogecoin will reach its previous peak once the next bull market starts. If it does, current prices would need to rise by more than 900%.

Potential Risks of Trading Meme Coins

Memes carry a lot of risk, particularly when they have no clear application. It is hoped that waves of other individuals will purchase the selected meme coin, generating buzz and FOMO. However, given how crowded the market is right now, most meme coins fall short of this objective.

While looking into meme coins that are going to take off, it can be tempting to go all in. However, the majority of meme coins fall short of expectations.

Continue reading to learn about the primary hazards connected to meme coins and how to reduce them.

Market Volatility

Like many other cryptocurrencies, meme coins trade in an extremely erratic market. A meme coin has the potential to make enormous gains quickly, but it also has the potential to lose the majority of its value just as quickly.

With some of the greatest meme coins we’ve talked about today, this is the case. For instance, in late 2021, Shiba Inu had a market capitalization of more than $40 billion. Shiba Inus purchased at the height of their popularity could now result in losses of nearly 90%.

This demonstrates that timing is important when investing in meme coins. It’s critical to understand when to enter and leave the market. The beginning of a meme’s journey appears to be the ideal time to purchase them, based on history.

Scams and Frauds

Not every meme coin project is made with the best of intentions. Conversely, some prove to be frauds.

• For instance, a rugpull is a typical strategy used by con artists.
• The concept is straightforward: a developer will design a visually appealing presale website that lists a few key goals.
• Those who invest in the presale project think they are making a valid investment.
• Nevertheless, the project will vanish with investors’ money once the presale ends.

Thankfully, a very tiny percentage of meme coin presales end up being a scam. Before making an investment, investors should make sure they have done their research. Furthermore, diversification will guarantee that a poor investment choice affects a relatively small portion of the portfolio as a whole.

Look out for market manipulation as another scam. This is the point at which the project’s developers fictitiously pump and dump their own tokens. This results in significant losses for numerous investors.

Restricted Use Cases

The use case of the meme coin presents another risk. Even though some of the top meme coins for 2023 are useless, it’s wiser to continue using the ones that are.

After all, if there is no use case for a meme coin, there isn’t much incentive for new investors to purchase it after the initial price spike has passed.

This is something that even well-known meme coin projects like Shiba Inu have realized. Shiba Inu has created a metaverse and a decentralized exchange, as was previously mentioned.

Are Meme Coins Useful in Any Way?

The common misperception is that meme coins have no applications at all. As was already mentioned, Dogecoin started out as a joke. Dogecoin was used as a tipping currency on the Reddit forum for a long time. Furthermore, a lot of meme coins are derived from crazes or themes from popular culture.

• Pepe, for instance, is a meme coin that can only be used to mimic Pepe the Frog.
• Pepe has nevertheless managed to secure a market capitalization of almost $700 million.

Nevertheless, there are legitimate uses for some of the most well-known meme coins.

One of the most popular meme coins, dogecoin, can even be used to buy actual goods from a variety of businesses, most notably Tesla. Shiba Inu payments are also accepted by numerous businesses. In light of this, investors in meme coins are now gravitating toward initiatives with practical applications.

Meme Coins are Made by Who?

To put it simply, anyone with the necessary technical knowledge can create a meme coin. Even developers on Fiverr are hired to create certain meme coins. In any case, popular coins like Ethereum or Binance Smart Chain are typically built upon well-known blockchains.

Anyone can make a new token on these blockchain networks. Memes that function on the Ethereum blockchain, for example, adhere to the ERC-20 standard. whereas the BEP-20 token standard is adhered to by those on the Binance Smart Chain.

It’s also important to keep in mind that some of the best meme coins available for purchase were made by anonymous developers. This also applies to Shiba Inu, whose inventor is simply referred to as Ryoshi. Although this does increase the risk, privacy was taken into consideration when developing the blockchain concept. As a result, anonymously created meme coins are now commonplace.

How Should Meme Coins Be Chosen for Purchase?

Are you trying to figure out which cryptocurrency meme will go viral first in 2024? The following advice will help you clear the mist:

• Seek out High-Quality Presales: Those who participated in the 2020 Shiba Inu presale saw returns that changed their lives. This is due to the steep discounts that presales provide on new meme coins. Wall Street Memes is currently one of the best meme coin presales, having raised over $2.6 million in just one week.
• Pay Attention to Meme Coins with Use: As previously mentioned, the top meme coins for 2024 purchase have practical applications. This guarantees that the meme coin is not just a speculative purchase but has a legitimate purpose.
• Look for Bear Market Discounts: Looking for bear market discounts is another tactic to use when looking for meme coins that are going to take off. This entails purchasing meme coins at a lower price because of general market circumstances. For instance, there are currently 90% or more discounts on both Dogecoin and Shiba Inu.
• Look Through Related Reddit Forums: Reddit is a great resource for learning about new meme coin releases. In fact, projects frequently use Reddit to post details about their meme coin so that interested parties can ask questions. Investors can also use Reddit to determine how other forum members feel.
• Utilize Keywords on Social Media: Utilizing keywords on social media platforms is an additional strategy. Try searching for hashtags like #bestmemecoin or #trendingmemecoins on Twitter, for instance. Investigate how much attention the meme coin project is receiving from the cryptocurrency community after that.

These are but a few typical approaches to finding the best meme coins for purchase. Furthermore, investors should be aware of the risk associated with meme coins. Investors in meme coins risk losing all of their money, so proceed with caution.

Conclusion

To sum up, meme coins have the potential to yield radically different results. However, meme coins are also risky, so investors need to make sure their holdings are well-diversified.

Meme Kombat is among the greatest meme coins available right now, along with SpongeV2, Bitcoin Minetrix, and Wall Street Memes. In just one week, early investors have contributed $2.6 million to this brand-new presale project. With more than a million devoted fans, $MK stands out for having a strong community and impressive presale performance. 

Before MK tokens are listed on exchanges, take advantage of an attractive entry price by attending the Meme Kombat presale today.

Visit Meme Kombat Presale
Crypto assets are a highly volatile unregulated investment product.