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Best Meme Coins to Buy

With the crypto market booming, finding the best meme coins to buy now can be overwhelming, to say the least. With so many joke coins to choose from, it’s difficult to determine which ones are worth investing in.

However, we’ve got you covered. Our team of crypto researchs did extensive research and handpicked some of the best meme coins on the market today, from well-known cryptos to high-potential options.

This guide will also discuss the advantages and risks of investing in meme coins, and how you can get your hands on them

Best Meme Coins to Buy in 2024

Our experts have analyzed tens of the most popular meme coins. Ultimately, they settled on the following as the 15 best meme coins to invest in right now.

  • Shiba Inu (SHIB) – Overall Best Meme Coin to Invest in Today
  • Dogecoin (DOGE) – Most Valuable Meme Coin with the Backing of Elon Musk
  • Bonk (BONK) – Best New Meme Coin Expected to Explode in 2024
  • Pepe (PEPE) – One of the Most Promising Meme Coins to Invest in In Right Now
  • DogWifHat (WIF) – Top Meme Coin with a He Upside Potential
  • ApeCoin (APE) – One of the Best Performing Shitcoins with Close Association with BAYC NFTs
  • Floki (FLOKI) – Popular Dog-Themed Joke Currency Aspiring to be Shiba Inu’s Alternative
  • Samoyed Coin (ASAMO) – A Hugely Promising Meme Coin on the Solana Ecosystem
  • DogelonMars – One of the Best New Meme Coins Aspiring to be a Dogecoin Alternative
  • Akita Inu (ATIKU) – Popular Meme Coin on the Ethereum Network with Cross-Chain Interoperability
  • MonaCoin (MONA) – One of the Oldest Meme Coins with a Vibrant Online Community
  • Dogs of Elon (DOE) – Dogecoin and Elon Mars-Inspired Token with Staking Option
  • Baby DogeCoin (BabyDoge) – NFT and AI-Focused Meme Coin Poised to Explode
  • Memecoin (MEME) – New Meme Coin with an Overall Uptrending Price Action
  • Wall Street Memes (WSM) – Top Meme Coin to Buy on Leading Crypto Exchanges

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection.

Below, we explore these meme coins in detail. We also tell you everything you need to know about the best joke currencies to buy right now, the pros and cons of investing in top meme coins as well as the factors affecting the price of these dog-themed digital assets. We even teach you how to buy top meme coins on the all-popular eToro exchange. First, though, we provide you with an overview of these assets.

A Closer Look at the Best Meme Coins to Invest in Today

When searching for the best meme coins to buy, we considered a number of factors. These include the coin’s popularity and community support, tokenomics, past and expected price action. We also considered their accessibility, market trends, the project’s goal, and its development team.

Here is an overview of what we consider the best meme coins to buy right now.

1. Shiba Inu (SHIB) – Overall Best Meme Coin to Invest in Today

Our top pick for the best meme coin to invest in right now is Shiba Inu. Created in August 2020, Shiba Inu set history in 2021 as the most lucrative crypto asset. By the time it peaked around $0.000088 in October 2021, the top meme coin had rallied by close to 85 million percent. Initially, it had the sole mission of dethroning Dogecoin as the most popular and most valuable meme coin.

Shiba Inu

Today, however, its mission has changed and it seeks to escape the joke currency tag. On its journey here, Shiba Inu is working on expanding its ecosystem. This has seen it introduce an NFT project, a crypto metaverse, a decentralized exchange, and a layer-2 network. It has also been burning excess SHIB tokens. All these, a rallying crypto market and a revived meme coin investing frenzy are all expected to catapult SHIB to unimaginable heights.

By the end of the 2024/2025 bull market cycle, SHIB is expected to grow by 10X. This means the altcoin may end the year trading well above $0.0003. At the current circulating supply of 590 Trillion SHIB tokens, this would give the joke currency a $177 Billion market cap.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection.

2. Dogecoin (DOGE) – Most Valuable Meme Coin with the Backing of Elon Musk

Created in 2013, Dogecoin is one of the oldest joke currency out there. Dogecoin was designed to make light of Bitcoin and had its logo themed from a popular internet meme featuring a Shiba Inu dog. It remained insignificant, with a daily trading volume of a few thousand dollars. It, however, shot to popularity during the 2018-2020 bear market. Its price and market started gaining real momentum in the months leading to the 2021 crypto market rally.

Dogecoin

In the first five months of 2021, Dogecoin rallied by more than 20000% to set the current all-time high of $0.74. Its daily trade volume shot from an average of $100 Million in the last quarter of 2020 to peak above $25 Billion. It also amassed one of the greatest community of followers, including celebrities and crypto influencers. Today, Dogecoin has more than 7 million followers across different social media platforms.

A number of renowned brands also accept DOGE meme coins as payment for goods and services. Elon Musk’s Tesla, for instance, accepts DOGE payment services and merchandise. Mark Cuban’s Dallas Maverick’s also lets you pay for Basketball tickets with DOGE. A lot of celebrities like Elon Musk and crypto influencers have also played a key role in fanning Dogecoin’s popularity.

At the time of writing, Dogecoin is trading more than 75% below its all-time high. But the crypto market has embarked on what many expect to be its most aggressive rally yet. In the past, where crypto rallies were driven by halving and speculation.

The current rally, on the other hand, has the backing of Bitcoin ETFs and institutional investing. These, as well as a revived meme coin investing frenzy, are expected to help DOGE break parity with the dollar. By the end of this rally, optimistic forecasters place DOGE’s value anywhere between $1 and $2.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection.

3. Bonk (BONK) – Best New Meme Coin Expected to Explode in 2024

Like Shiba Inu and Dogecoin, Bonk is a dog-themed meme coin. It is also the most popular meme coin on the Solana ecosystem. It was created and began trading in December 2022. According to its developers, the sole purpose of creating BONK was to bring liquidity to Solana DEXs. Over time, it has become increasingly popular among crypto traders and is currently one of the most valuable meme coins.

Bonk Mem Coin to Buy

We believe it to be the best meme coin to buy during the current bull cycle because of its solid fundamentals. For starters, BONK tokenomics are transparent and all the available tokens are in circulation. It has also performed extraordinarily well in the past – with a current ROI exceeding 27000%.

Equally important, it has a large community of followers and influencers who have helped keep its price on an uptrend. These were particularly influential in helping BONK list with such top exchanges as Binance.

Despite all these perks, BONK has a $2.7 Billion market cap. This had our analysts convinced that BONK may be one of the best undervalued cryptos to buy right now. We observe that in the less than 2 years that BONK has been around, it has proved its resilience and obedience to market trends. A crypto market breakout or a revived market rally is, therefore, expected to push it to its first all-time high.

Forecasters and analysts are also in agreement that BONK may be the next meme coin to explode. The more conservative forecasters, for instance, expect it to rally by at least 500% in the current cycle. The more optimistic on the other hand, expect upsides of more than 2000% by the end of the 2024/2025 bull market.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection.

4. Pepe (PEPE) – One of the Most Promising Meme Coins to Invest in Right Now

We list Pepe here as one of the best new meme coins worth buying today. Launched in May 2023, the joke currency has quickly morphed into one of the most popular meme coins out there. It enjoys a large community following online and has been listed with virtually all the popular crypto exchanges. It even ranks among the top 5 most valuable shitcoins and is on CoinMarketCap’s list of 50 most valuable cryptos.

Pepe Meme Coin to Buy

A number of other factors informed our decision to feature PEPE in our list of the best meme coins to invest in right now. First is the fact that it performed extraordinarily well over the last few months. We especially take note that despite launching at the height of a bear market, PEPE has an ROI exceeding 15000%. It also has solid tokenomics and all its coins are in circulation today. Not forgetting that it has a decent market cap of slightly over $3 Billion – at the time of writing.

Moving forward, we expect at least three things to have the greatest impact on PEPE coin prices. First is its growing online community, which has helped it sustain an uptrending price action. The second has to be its obedience to market trends. When PEPE launched, its price shot up by close to 7000%. It, however, cooled and synced with the rhythm of the crypto market.

Moving forward, we expect a rallying crypto market to trigger a price run for PEPE coins. Lastly, we expect a revived meme coin investing frenzy going into the next bull market. This will most likely trigger a parabolic value gain for top meme coins, including PEPE.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection.

5. DogWifHat (WIF) – Top Meme Coin with a He Upside Potential

DogWifHat launched in the last week of December 2023. Within the first two months of the year, it has rallied by more than 1500%. This has earned it a $3 Billion market cap, making it a top 50 crypto – according to data from CoinMarketCap. All these helped inform our decision to feature it among the top meme coins to buy now. They also make it one of the newest meme coins worth buying and holding through this bull cycle.

Dogwifhat Crypto Price Prediction

A number of factors have us convinced that DogWifHat is the next crypto to explode. For starters, WIF has a low total circulating supply of 998 million tokens. This implies that it still has room to rally up by as much as 10X or more before the end of the ongoing market rally. The upside gain will most likely be fueled by two key factors. First is WIF’s fast-growing online community. It will also be fueled by the meme coin’s obedience to the larger crypto market trends.

By the end of the 2024/2025 crypto market rally, we are confident WIF will have broken above $20. We also expect it to continue growing its online community aggressively. We also expect it to list with more crypto trading platforms, which enhances its accessibility.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection.

6. ApeCoin (APE) – One of the Best Performing Shitcoins with Close Association with BAYC NFTs

ApeCoin is an ERC-20 governance token for the APE Ecosystem. It launched at the height of the bear market in March 2022. This implies that even though it broke into the markets with an aggressive price rally, it has never set an ATH. But even during the extended bear market of 2022 and 2023, APE proved its resilience. Its price action has also proved its obedience to the crypto market trends by rising when the market rallies and dipping when the market crashes.

Apecoin

Today, we feature ApeCoin among the best meme coins to invest in because the market is rallying. The rallying market conditions are expected to revive the 2021 meme coin frenzy. This should help APE set a price record. With a market cap of around $2 Billion and only 1 billion tokens in circulation, we expect APE to grow tenfold.

We must also observe that ApeCoin’s future growth isn’t entirely dependent on a revived meme frenzy. The growing APE ecosystem has also been pushing up the demand and price of APE tokens. At the moment, this ecosystem features two of the most popular NFT projects – BAYC and MAYC. It has also integrated a blockchain metaverse – Otherside. But even more importantly, ApeCoin has one of the largest online community of supporters.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection.

7. Floki (FLOKI) – Popular Dog-Themed Joke Currency Aspiring to be Shiba Inu’s Alternative

Floki is a Shiba Inu imitation created in August 2021 – at the height of the crypto market rally. Like Dogecoin and Shiba Inu, it is a dog-themed meme coin. Initially, it was named after Elon Musk’s Shiba Inu dog. Some of its core features include the fact that it was birthed by Shiba Inu and Dogecoin users and traders. This has earned it a decent online community following, which has been instrumental in driving up its price.

FLOKI

We also list FLOKI among the best joke currencies to buy right now because it has performed well in the past. Within three months of launching in 2021, FLOKI rallied by more than 9000% to set the current all-time high of $0.0003. While it crashed during the 2022-2023 bear market, FLOKI looks ready to pump as we head into 2023. At the time of writing, for instance, the meme coin is yarding less than 30% below its all-time high.

We appreciate the current value gain may have been triggered by a rallying market. But that is not the only thing expected to fuel its price uptrend moving forward. Its growing ecosystem is also expected to increase the demand and price of FLOKI tokens. This ecosystem currently features an NFT-gaming metaverse, an NFT marketplace, Floki University, and dApps.

By the end of the current bull cycle, FLOKI is expected to have grown 10x. Its fairly decent circulating supply of 9.5 billion tokens and $2.4 Billion market support such growth.

8. Samoyed Coin (SAMO) – A Hugely Promising Meme Coin on the Solana Ecosystem

Samoyed Coin launched in April 2021 at the height of the meme coin investing frenzy and a crypto bull market. It is a meme coin on the Solana ecosystem. Initially, it drew inspiration from the successes of FTX founder Sam Bankman and Solana founder Anatoly Yakovenko. Like most of the Solana meme coins, SAMO was created to create awareness around the Solana ecosystem. It, however, has pivoted from this mission and now describes itself as an experimental Web 3 community coin.

Samoyed Coin

At its peak in October 2021, SAMO was trading around $0.25. This remains its an all-time high and was a result of a 2700% value gain within 5 months. At the time of writing, though, SAMO has crashed and is currently trading more than 90% below this all-time high. This makes it one of the most promising coins to buy right now.

The reason we believe it to be undervalued is because we expect it to rebound and rally to a new ATH. But you can only understand why it will rebound after looking at the reason behind its crash in the first place. To a large extent, SAMO crashed because of FTX’s collapse, and Solana’s woes (both developmental and price dips). It also crashed because of an extended bear market and a fading meme coin investing frenzy.

Today, the crypto market is alive again and Samoyed Coin has shown signs of recovery. The FTX saga is over and Solana is well on its path to recapturing its 2021 highs. The crypto bull run has also begun and the and the meme coin market is also witnessing serious investing. These, analysts believe, should help SAMO recapture its all-time high price during this market cycle. This translates to a 12X value gain for the Solana meme coin.

9. Dogelon Mars (ELON) – One of the Best New Meme Coins Aspiring to be a Dogecoin Alternative

Like most of the best altcoins worth buying on this list, Dogelon Mars is a dog-themed token. It is a multi-chain ERC-20 token created on Ethereum and Polygon networks. It launched in April 2021 and hoped to ride on the popularity of the Shiba Inu and Dogecoin.

They also banked on the dog-themed meme coin’s loose association with Elon Musk and the meme coin investing frenzy taking place at the time. This paid off for ELON as it rallied by more than 60000% to set the current ATH of $0.00003 in October same year.

Dogelon Mars Meme Coin

However, as the crypto rally waned off and the markets crashed in 2022, so did ELON’s price. Today, the shitcoin trades more than 98% below this all-time high. This makes DogelonMars one of the most undervalued meme coins worth buying right now.

A growing number of analysts are confident that the ELON meme coin has what it takes to recapture its 2021 highs. This would mean your current investment in Dogelon Mars by at least 11000%. Among the factors expected to drive its price this high is the ongoing crypto bull run. Its solid community following will also play a key role in fueling its value gain.

10. MonaCoin (MONA) – One of the Oldest Meme Coins With a Vibrant Online Community

Monacoin has all the hallmarks of a successful cryptocurrency. For starters, it is a Litecoin hard fork that has been around since 2013. This gives it a solid reputation and proves not just its resilience but also its obedience to market trends. It also has a large online community of followers. These have been instrumental in maintaining its uptrending price action and growing its use case. We must, however, mention that MONA community is largely domiciled in Japan.

MonaCoin Meme Coin

In the past, Monacoin has performed exceptionally well. It, for instance, set its current all-time high of $20 in December 2017. This was at the height of the crypto bull run dominating the markets at the time. The ATH also translates to gains of more than 18000% above its introductory price. We must also observe that though it didn’t perform as well during the 2021 crypto market rally, it has proved its obedience to market trends and is already in recovery mode.

A number of factors have us convinced MONA is one of the best joke currencies to buy today. First is its ever-growing online community. We are banking on this community to drum up enough influence to help MONA list with respectable crypto exchanges like Binance and Coinbase.

This should enhance its accessibility and increase its use cases. We also recognize that MONA is grossly undervalued. If you invest in MONA today and it recaptures its ATH, you will have grown your capital by at least 5000%

Are Meme Coins a Good Investment?

Yes, some meme coins – like the rest of the digital currencies – are great investments. In this section, we look at the top factors making these top meme coins worth buying.

  • Insane return potential: Meme coins have one of the highest ROI potential. At the height of the 2021 bull market, for example, Shiba Inu rallied by more than 85 million percent. It is not uncommon for a meme coin to rally by several thousand percentage points within a short period of time.
  • Low entry prices: Most meme coins are also cheap, especially when compared to the more established cryptos like Bitcoin or Ethereum. This makes them more accessible to novice crypto traders with limited resources.
  • Meme coins can have real-world utility: Some meme coins have real-world use cases. They can be used to pay for goods and services online and in offline stores. Dogecoin, for example, can be used to buy merchandise and pay for services at Tesla stores. Most crypto traders will also accept payments in the form of popular meme coins like Shiba Inu and ApeCoin.
  • Community onboarding: By investing in top meme coins like Dogecoin and Shiba Inu, you join a community of millions of crypto enthusiasts. These communities can be a source of news for  crypto and non-crypto events and trends. You also get to grow your network by onboarding individuals with shared interests.
  • Room for diversification: Shitcoins are worth investing in because they help you diversify your crypto portfolio.
  • They are liquid: You may also want to buy meme coins today because they are one of the most liquid digital assets. They have been listed with multiple exchanges making them accessible. Popular coins also have a record of high daily trading volumes, which makes them easy to buy and sell.

What are the Risks of Investing in a Meme Coin

Investing in meme coins can be a tempting prospect due to their potential for high returns. However, it’s crucial to understand the inherent risks before putting your money into them. Here’s a breakdown of risks to consider before investing in meme coins:

  • Unpredictable volatility: Meme coins are some of the most volatile cryptos worth buying out there. Their prices can fluctuate wildly based on social media sentiment. They also have a higher risk of sudden crashes compared to such established cryptocurrencies as Bitcoin and Ethereum.
  • No real-world use cases: The majority of meme coins do not have specific use cases or functionalities. They have little to no underlying value or real-world application. Their price is primarily driven by speculation and community hype.
  • Pump and dump scams: Meme coins are more susceptible to pump-and-dump schemes. This refers to an incident where individuals or groups artificially inflate the price before selling their holdings, leaving later investors with significant losses.
  • Regulatory uncertainty: You also need to appreciate that the regulatory landscape surrounding meme coins is still evolving. Potential future regulations could negatively impact their value.

What Factors Affect the Price of Meme Coins

Best Meme Coins to Buy

The price of meme coins is influenced by a unique blend of factors compared to traditional assets. Here are the top five factors affecting the price of meme coins today:

  1. Community support: A strong and active online community plays a key role in determining the success of meme coins. Vibrant communities create a sense of shared purpose which has a great influence on the price of the meme coin. They may also prompt exchanges to list these joke currencies.
  2. Hype and speculation: Meme coins thrive on virality. Viral social media trends, celebrity endorsements, and community excitement can significantly drive their prices up. Platforms like Twitter, TikTok, and Reddit play a major role in spreading the word and influencing hype cycles.
  3. Crypto market trends: Cryptos are also obedient to changing market trends. They gain value when the crypt market is rallying and dip when it crashes.
  4. Exchange listing/delisting: When a meme coin gets listed on major cryptocurrency exchanges, it becomes more accessible to a wider range of investors. This can increase its trading volume and potentially drive the price up. Conversely, delisting them from exchanges often has a significant negative impact on a meme coin’s price.
  5. Underlying development and utility: We have already mentioned that most meme coins thrive on hype and speculation. We, however, need to acknowledge that a few are attempting to develop real-world applications. They are developing dApps and crypto-based programs and integrating them within their ecosystem.

Where to Buy Meme Coins in 2024

In this section, we discuss the top two places to buy the best meme coins today. The centralized crypto trading platforms and the decentralized exchanges.

Centralized Exchanges (CEXs)

This is where you find all the best meme coins to invest in today. The most popular joke currencies are listed with the best altcoin trading exchanges. Top meme coins that you would find on such trading platforms are Shiba Inu, Dogecoin, Apecoin, and Pepe. The most popular crypto exchanges that list exchanges are eToro, Binance, KuCoin, and even Coinbase.

Decentralized Exchanges (DEXs)

The majority of meme coins are yet to be listed on centralized exchanges. They can only be traded on decentralized crypto trading platforms. Note that most crypto exchanges do not support fiat-to-crypto payments. You cannot buy these joke currencies with fiat currencies, you can only buy them with stable coins or other cryptos. Popular decentralized exchanges that list top meme coins include Uniswap, Sushiswap, Pancakeswap, and Raydium.

How to Buy the Best Meme Coin Today – Step-by-Step Guide

In this section, we teach you how to invest in cryptocurrencies for beginners on the all-popular eToro exchange.

Step 1: Register a crypto account

Start by creating a free crypto trader account on eToro. Open the eToro website or download the mobile app and hit the “Join Now” button. Complete the registration form that pops up here. It will only ask for basic personal information like name, address, and phone number. It will also ask about your trading experience and income sources. You will also need to come up with a unique username and strong password for this account.

Step 2: Verify your identity

The registration process on eToro is only complete after you have verified your identity. Simply upload a photo of your government-issued ID – such as a passport or driver’s license. eToro will notify you of the account approval via email.

Step 3: Deposit funds

Log in to the approved trader account and hit the “Deposit Funds” icon on your user dashboard. A funding tab will pop up indicating all the payment methods available to you. Choose one and follow the prompts to deposit at least $10 into eToro.

Step 4: Identify the best crypto to buy

Once the payment reflects in your account, hit the “Discover” tab on the user dashboard. This reveals all the financial assets supported on eToro. Choose “Cryptos” and from the list of supported crypto assets, select the best future crypto to buy.

Step 5: Buy meme coins

Hit the “BUY” option against the meme coin. A trading tab will pop up. Use it to customize this trade by indicating how much you intend to invest in the meme coin. Then hit the “Open Trade” button to execute.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection.

Step 6: Set up the eToro Money mobile wallet app

The private keys for the joke currency you just purchased will be deposited into the exchange-provided web wallet. This doesn’t support inbound or outbound crypto transfers to third-party exchanges or wallets. To move these funds, you first need to download and activate the eToro Money mobile wallet app.

Simply download the app and use the credentials created in Step 1 above to log in. Link the trading account with the wallet account and transfer funds to the latter. You will be charged a 0.5% crypto transfer fee (capped at $50). From here, you can transfer your crypto to any third-party exchange or wallet globally.

Conclusion – Best Meme Coins to Buy Right Now

There goes everything you need to know about the best joke currencies to invest in today. We have introduced you to what our analysts and the majority of crypto experts consider the best meme coins to buy and analyzed the benefits and risks of investing in the top potential meme coins. We have also looked at the factors that affect the price of joke currencies.

Would want to start investing in the best new meme coins right now? Follow the step-by-step guide to buying meme coins on eToro right now.

Editor Checked Reviewed and Fact Checked by Kamal Masri, Fintech and Crypto Editor and Financial Analysts.

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FAQs on the Best Meme Coins to invest in

What is the best meme coin to buy right now?

Our top pick for the best meme coins to buy right now is Shiba Inu. We like it because it is grossly undervalued, it is massively popular, accessible, deeply liquid, and is growing its ecosystem.

Yes, meme coins are worth buying today because they have an insane return on investment potential. They are also worth buying because they are liquid and offer room for portfolio diversification.

It is rather simple. Start by creating a free crypto trader account with an exchange like eToro. Fund this account, identify the meme coin you intend to buy, and place a buy order.

Shiba Inu is one of the next coins expected to explode in 2024. It makes it here because it is grossly undervalued, has room for growth, and has already shown signs of recovery.

Among the top meme coins expected to rally by at least 100X during the next bull cycle is DogelonMars. It is relatively new, hugely popular, and has enough room for growth.