Best Meme Coins to Invest in 2024: Expert Picks & Analysis



Meme coins are a phenomenon that could be born only in the crypto ecosystem due to its democratic landscape and the sheer number of tech geeks inhabiting it. When the first meme coin DOGE started attracting the attention of serious investors, the whole world suddenly realized that the ecosystem with exclusively speculative assets is an environment that easily spawns assets that are based on nothing but engagement from users.

Looking for the best meme crypto to buy now, in 2024, is not an easy task. The market became oversaturated with an influx of new meme projects during and immediately after the Pandemic. Now, you can launch a grid trading bot and earn money by making markets for over a hundred tokens like Shiba Inu and Dogecoin quite profitably.

The number of retail traders who are very serious about these tokens is surprisingly high. For example, the developer of DOGE had to expand its work and focus on ensuring the longevity of the tokenomics by changing some of the core features of the network. It was done due to the unexpected and unprecedented attention to the project that turned into a massive financial asset.

What is a meme coin?

People investing in crypto are well aware of so-called “meme” tokens which are cryptocurrencies that are often simple clones of Bitcoin and use a theme that can be easily recognized by avid internet users. For example, Shiba Inu is a copy of Dogecoin which is based on the famous internet meme called “DOGE” which is a dog of the Shiba Inu breed that looks at the camera with a mischievous facial expression.

It is one of the hottest meme coins to this day and has a massive $20 bn market capitalization. Interestingly enough, Shiba Inu is just behind with a $13 bn market cap. Even Pepe is doing well with a commendable $3.67 bn market cap and $460 million in daily trading volume. These projects may look like someone’s bad joke, but we cannot deny their perceived value as millions of investors hold them in portfolios and trade daily!

Among the most popular meme coins, we have to highlight several (except the aforementioned ones):

  • Dogwifhat. It is still an independent fun project that has been doing exceptionally well recently despite its strong message that the token is just a “dog wif a hat”. The lack of solid tokenomics and any utility makes it a weird choice for investors, but they collectively decided to make the market cap bigger than STACKS (STX) and KASPA (KAS).
  • Floki is a proof-of-stake blockchain network that focuses on building a diverse digital ecosystem with FLOKI tokens having some utility and allowing users to spend and buy it across multiple interconnected projects like their Valhalla metaverse and the NFT marketplace. The project is going strong and has a $1.64 billion market cap.
  • BOME or Book of Meme is a really weird project that has been around for a while now. The token was created by a group of cryptocurrency critics and was initially launched as a way to bring together those who do not like the concept of a decentralized economy. However, it managed to gain traction and reached a solid $755 million market cap.

If you are looking for the best meme crypto to buy right now, you should take a closer look at these three projects. Let’s talk in-depth about trading memes in 2024 and finding the right asset to work with.

Dogecoin — from memes to kings

Dogecoin was conceived as a light-hearted joke and nothing more. Continuous efforts from long-term investors and the development team made it more than just a meme. Thanks to many philanthropic activities and strong in-market performance, the Shiba Inu mascot is now something that laymen and crypto specialists respect and take very seriously.

Why is it so popular? Here are several reasons:

  • Dogecoin's success is produced by its passionate and dedicated community. Crypto enthusiasts and people estranged from the concept of blockchain came together to build something special. Mutual efforts of the community pushed Dogecoin to new heights multiple times over the course of its existence.
  • The token is praised for its accessibility and simplicity. The entry barrier is very low allowing newcomers and veterans to quickly adopt and use it. Wallet apps are simplistic in nature and the transaction process is never something challenging. This approach made the token quite popular among content makers and crypto enthusiasts who call it one of the best meme cryptos to buy right now!
  • The meme-inspired branding based on one of the most famous images from the internet culture made this digital currency into a symbol of the crypto community. With the strong support from its early adopters, this token managed to outgrow its jovial status. It is still a widely recognized practical joke, but the development team pivoted toward building a functional crypto ecosystem.
  • Dogecoin’s volatile price dynamics make it a viable target for many investors who are willing to take on risk while trading. Some strategies benefit from increased volatility and sudden shifts in trading volumes. It is not the best token to target with an automated trading system, but opening market positions manually can be quite profitable if you understand the culture behind the project.
  • The community is strongly supportive of philanthropy and wants to have a social impact. The currency's viral popularity is often used for charitable causes and to raise funds for various commendable purposes. Judging by the activity on the subreddit and Discord, people who hold DOGE believe that they are pushing the world toward a better future.

The market cap regularly hovers over $20.6 billion. Daily trading volumes usually exceed $730 million. Dogecoin is one of the best meme coins to invest in 2024. The project has been active for almost a decade now and has obtained utility as well as many mechanisms to fight inflation.

Shiba Inu — the Dogecoin Killer that never killed anything

Shiba Inu Token took inspiration from the famous Dogecoin project and tried to turn itself into the crowd’s favorite. Despite some initial pushback, the Shiba Inu token became a highly desired speculative asset in the crypto market.

Here are some reasons why it is one of the hottest meme coins:

  • Thousands of crypto enthusiasts and investors dedicate not only capital but also time and money to promote this project and make it mainstream. With so many people interested in the success of the token, it is not a surprise that adoption is widespread and social media engagement is high.
  • Shiba Inu operates on the Ethereum blockchain network. The project, unlike its main rival, aims at creating a deflationary tokenomics model and limits the total amount of tokens that will ever be issued to just a quadrillion. The utility of the token is tied to the DEX platform which allows users to swap their crypto for other assets. Holders of tokens also participate in DAOs.
  • The token’s price has experienced significant volatility and speculative trading activity. Price action dynamics are affected hugely by various factors like market sentiment, viral social media posts, and a variety of large-scale economic events. While investing in crypto projects prone to volatility can be risky, it is also an opportunity for money-making.
  • Proponents of the longevity argument believe that Shiba Inu Token's strong focus on working alongside its community and inspired development together with the popularity of the meme behind the branding are good indicators of success in the distant future. The utility of the token is somewhat limited but still provides value.

SHIB has an impressive $13.2 billion market capitalization. The price has been quite volatile since the beginning of its trading history, but trends remain promising. It is certainly one of the best meme crypto to buy now, in 2024.

FLOKI Inu — one of the hottest meme coins in 2024

Floki is an interesting project that tries to capitalize on the hype surrounding Elon Musk, the internet culture, and culturally impactful images. It was launched in 2021 and managed to quickly gain notoriety for speculative trading and unprecedented price increases.

What makes this token different?

  • Floki Inu’s success is derived from the popularity of other big meme coins like DOGE and SHIB. Thanks to its powerful marketing and adhesion to celebrities like Elon Musk, it surpassed $1 billion in market cap just five months after its initial release.
  • Experts believe that the engaged community of crypto enthusiasts behind the project is the main reason why it succeeds. It is true that supporters of Floki exist on many social media platforms and forums. Since many users are very active and vocal about the future of the token, it makes sense that FLOKI fluctuates so often.
  • The technological base of the Ethereum blockchain is quite good for hosting a variety of crypto projects like Floki. The total supply of 1 quadrillion tokens is what makes the ecosystem deflationary in nature. The token positions itself as a viable asset for long-term holding.
  • Experts believe that meme coins like FLOKI do not have any fundamental value making them vulnerable to market manipulation. Multiple pump-and-dump schemes of the past support this notion. The deflationary nature of the token and millions of supporters make a different claim and believe that the token will survive in the long run and appreciate greatly.

FLOKI has a massive $1.6 billion market capitalization. It is certainly one of the best crypto meme coins for people who are seeking novel investment targets. You can include it in your portfolio by allowing an AI crypto bot to trade it alongside other meme coins. It will help you build a robust portfolio that includes your favorite meme tokens!

PEPE coin — a long-forgotten NFT project

Pepe Coin plays a unique role in the cryptocurrency domain. It builds upon the base of digital art, collectibles, and blockchain technology. It reached its high moment during the world’s craze for NFTs and digital collectibles, but it also evokes distant memories of things that we love about the internet and its earliest stages.

Does it still have something to offer to investors?

  • PEPE is a dedicated platform for buying, selling, and trading digital art collectibles. Pepes are unique digital assets created by artists and designers. Each Pepe image is different and tokenized on the blockchain to create artificial scarcity while maintaining authenticity and ownership rights.
  • The decentralized marketplace for peer-to-peer transactions of digital art serves as a democratized environment for artists and people buying digital collectibles. If you are interested in NFTs and want to buy something on the marketplace, the token will provide immense value and utility.
  • Pepe Coin offers exciting opportunities for artists and collectors. However, copyright issues, intellectual property rights, and pressure from regulators make it hard to stay relevant despite the best efforts from the community and the dev team. The NFT market is at its lowest at the moment with only a couple of projects still going strong.

PEPE has an impressive $3.7 billion market capitalization and reaches up to $530 million in daily trading volume. Its popularity makes it one of the hottest meme coins, but it comes with several caveats. You really don’t want to invest in something that has peaked. You also don’t want the utility of your tokens to be tied to just one platform that focuses on the niche market for digital collectibles.

On the other hand, people who are interested in supporting the NFT ecosystem may find the story of this platform compelling enough to purchase PEPE and hold it until it appreciates which is not a guarantee.

Should you invest in trending memes in 2024?

Buying meme coins is a highly speculative endeavor. It is strongly associated with different market risks making it dangerous for many investors. Despite some outstanding performances among meme tokens, the vast majority of them fail to deliver on their promises or stay forever attached to a jovial status that no one will take seriously.

Factors to consider when contemplating a purchase of the most popular meme coins:

  • Volatility. Prices often fluctuate unexpectedly in response to seemingly obscure market events and social media posts. A single statement from a celebrity can lead to chaos. It may seem like a good environment for some day traders, but many retail investors will suffer losses in such cases.
  • Speculation. Many cryptocurrencies are volatile and do not have any fundamental value. However, speculative activities do not affect mainstream tokens like Bitcoin, Ethereum, Monero, and others as much as they affect Dogecoin, Shiba Inu, and a plethora of other lesser-known meme coins.
  • Community engagement. The very nature of these projects makes them forever attached to their respective communities. These can provide a generous soil for long-term growth or completely destroy a project. The community sentiment is fickle and may cause rapid shifts in price and long-term assessments by investors.
  • Regulatory risks. The speculative nature with the potential for market manipulation is the reason why many regulatory organizations have started paying close attention to the industry. Any enforced limitations on trading activities will have a significant impact on the value and liquidity of meme coins.
  • Long-term viability. Despite short-lived explosive growth periods, many meme coins lack sustainable use cases, technological innovation, or fundamental value propositions. They often fade into obscurity and lose all the support from previously engaged communities.

According to data from CoinMarketCap, the market capitalization of all meme coins changed rapidly and often throughout the years. Despite reaching multi-billion dollar valuations at their peak, some tokens disappeared from the public radar. Many meme tokens did not even have a chance at survival. Even the best meme crypto to buy right now may seem like a good investment, but exposes your portfolio to significant risks.

Nevertheless, the final word is reserved for the investor. If you are interested in trading meme coins, it is a good idea to automate your market activities using a powerful trading bot platform and reliable strategies like GRID bots or AI-assisted statistical arbitrage.


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