rewrite this title and make it good for SEO 11 Best Meme Coins to Buy & Invest in 2024

The meme coin market has become a huge part of the crypto world, now valued at around $112 billion. With new Solana meme coins to buy popping up every day, it’s clear that people love the fun and hype these coins bring. Coins like Dogecoin and Shiba Inu kicked things off, but today, there are plenty of other top meme coins gaining attention. You can also join the new mem coin presale.

In this guide, we’ll walk you through the best meme coins to invest in, helping you choose the right ones based on their community support, market trends, and potential for future growth.

Key Takeaways:

The best meme coins in crypto to invest in right now are Dogecoin, Shiba Inu, PEPE, Dogwifhat, Bonk, Floki, Popcat, Brett, Neiro, Goatseus Maximus, and Dogs.
A meme coin is a cryptocurrency that gains popularity through internet culture, humor, and community support rather than practical use or innovation.
To choose the best meme coins to buy, look for coins with a strong community, celebrity endorsements, and a clear roadmap for growth or real-world use beyond just being a meme.

List of Top Meme Coins to Buy Right Now

Dogecoin ($DOGE): Popular meme coin with a strong community.
Shiba Inu ($SHIB): Known as the “Dogecoin killer” with utility.
PEPE ($PEPE): Meme-based coin with no-tax policy.
Dogwifhat ($WIF): Quirky meme coin on the Solana blockchain.
Bonk ($BONK): Solana-based coin with a large community.
Floki ($FLOKI): Multi-chain meme coin with real-world utility.
Popcat ($POPCAT): Fun cat meme coin with viral appeal.
Brett ($BRETT): Best meme coin on the Base Chain.
Neiro (First Neiro on Ethereum): Tribute coin to Dogecoin’s Shiba Inu legacy.
Goatseus Maximus ($GOAT): AI-driven meme coin with growing hype.
Dogs ($DOGS): New meme coin with Telegram integration.

Best Crypto Meme Coins Comparison

Coin
Price
Market Cap
Blockchain

DOGE (Dogecoin)
$0.4197
$61,596,335,500
Dogecoin Blockchain

SHIB (Shiba Inu)
$0.00003048
$17,955,321,177
Ethereum, BSC

PEPE (Pepe)
$0.00002098
$8,828,038,532
Ethereum, BSC

WIF (dogwifhat)
$3.38
$3,373,237,499
Solana

BONK (Bonk)
$0.00004276
$3,227,120,266
Solana

FLOKI (FLOKI)
$0.000231
$2,232,652,318
Ethereum

POPCAT (Popcat)
$1.43
$1,415,707,151
Ethereum

BRETT (Brett)
$0.206
$2,040,946,169
Base Chain

NEIRO (Neiro)
$0.001736
$729,102,373
Ethereum

GOAT (Goatseus Maximus)
$0.7839
$783,302,814
Solana

Data Source: Coingecko (Price and Marketcap Data as of 4 December 2024)

11 Best Meme Coins to Buy Today: Detailed Review

1. Dogecoin ($DOGE)

Dogecoin, known as DOGE, started as a funny joke but has turned into one of the most well-known meme coins in the world. It was created in 2013 by two software engineers, Billy Markus and Jackson Palmer. They based Dogecoin on a popular Shiba Inu dog meme, which made it an instant hit online, especially with people on Reddit and Twitter who started using it to “tip” others for fun content.

Dogecoin is similar to Bitcoin but has some major differences. While Bitcoin is limited to only 21 million coins, Dogecoin doesn’t have a supply cap. 

One of Dogecoin’s big advantages is its active and friendly community, which lives by the slogan “Do Only Good Everyday”. Fans have even raised funds to support charities and fun projects, like sponsoring athletes and funding water projects in Kenya. Plus, the endorsement from famous people, especially Elon Musk.

Pros

Strong community spirit and fun, welcoming vibe
Supported by high-profile figures like Elon Musk
Low transaction fees, making it useful for small online tips
Available on all major CEXes for trading

Cons

Heavily influenced by online trends and celebrity opinions
Limited technical improvements compared to other coins

2. Shiba Inu ($SHIB)

Shiba Inu is one of the most popular meme coins in the crypto world, often called “the Dogecoin killer”. Created in 2020 by an anonymous person or group known as “Ryoshi”, this token is part of the larger Shib ecosystem, which includes ShibaSwap (its own decentralized exchange), as well as two other tokens: LEASH and BONE. 

Unlike many meme coins that are just for laughs, SHIB aims to be more useful. It’s built on the Ethereum blockchain, making it compatible with Ethereum’s DeFi (decentralized finance) and NFT (non-fungible token) projects. This gives Shiba Inu coin a bit more credibility in the crypto space.

SHIB is mostly about community, with its supporters called the “Shib Army”. This community helped SHIB grow super fast, making it a top 20 cryptocurrency by market cap at its peak. 

One unique thing about Shiba Inu is its early donation to Ethereum co-founder Vitalik Buterin, who burned 90% of the tokens he received, taking around $6.7 billion worth of SHIB out of circulation. He also donated the rest to charity, giving Shiba Inu coin extra buzz and even more popularity.

Pros

The most active crypto communities
Being on Ethereum lets it work with many DeFi apps and NFTs
Its exchange, ShibaSwap, lets users trade and earn rewards

Cons

With a 589.51T total supply, it can be hard for SHIB to reach higher prices

3. PEPE ($PEPE)

Pepe is one of the best meme coins inspired by the famous “Pepe the Frog” meme that started on the internet years back. Many fans of meme coins like Dogecoin and Shiba Inu are attracted to Pepe because it feels familiar and fun. Launched in April 2023, it quickly got attention because people liked the humor and memes tied to it.

It was originally created by Matt Furie. Pepe Coin quickly attracted a huge fanbase, especially because it follows a no-tax policy, which is rare among meme coins. This means users don’t face extra charges when buying or selling it. 

Pepe also has a deflationary setup, burning tokens gradually to keep supply in check, which could boost the value over time. The coin uses the Ethereum blockchain (ERC-20), giving it a secure and well-supported environment to operate on.

Pros

A strong and loyal community
Buying and selling Pepe has no extra taxes
Pepe burns tokens over time to decrease the supply

Cons

The creators are unknown, which can add uncertainty and reduce trust​
Pepe has no major use beyond speculation and community hype

4. Dogwifhat ($WIF)

Dogwifhat (WIF) is a quirky meme coin that launched on the Solana blockchain in late 2023. This coin is known for its iconic mascot – a Shiba Inu dog in a pink hat – which sparked widespread online attention.

For some pros, Dogwifhat enjoys a devoted community that keeps the token alive and visible. It also offers opportunities for high short-term returns, making it appealing to meme coin enthusiasts and risk-takers. Additionally, Dogwifhat’s presence on Solana means it benefits from fast transaction speeds. 

However, there are some downsides too. Like many meme coins, it’s highly speculative and susceptible to pump-and-dump schemes, where prices rise fast but can drop just as quickly. It also lacks fundamental value or long-term utility, so investing can be risky if the hype fades.

Pros

Fun and meme-based, bringing humor to crypto
Strong community feel and high social media presence
Great for people who love Internet memes culture
Simple to understand, no complex technology

Cons

No real tech or project backing it up
Mostly dependent on community interest

5. Bonk ($BONK)

Bonk is a Solana-based meme coin that launched on Christmas Day in 2022. Unlike many other meme tokens that rely solely on internet hype, Bonk has embedded itself in the Solana ecosystem, making it unique compared to other popular dog-themed coins like Dogecoin or Shiba Inu.

The project started with a large airdrop, giving away 50% of its massive supply to active users in Solana’s community, such as NFT artists and DeFi participants, to increase engagement and make the coin widely distributed from the start.

Bonk quickly gained popularity in early 2023, reaching over 2,000% gains shortly after its launch. The developers also burned 5 trillion BONK tokens to keep the supply under control, which was worth nearly $1 million at the time. Since then, the token has integrated into various Solana platforms, allowing holders to use it in NFT marketplaces and decentralized finance (DeFi) apps, which is rare for a meme coin.

Pros

Strong Solana community support, with over 100,000 active holders
Fast transactions and low fees, leveraging the Solana blockchain
Opportunities to stake BONK for passive earnings
Used in Solana-based NFT markets, adding practical use
Aimed at decentralizing crypto without VC control

Cons

Extremely volatile, with large price swings
Memecoin status means it’s largely hype-driven

6. Floki ($FLOKI)

Floki Inu is a meme-inspired cryptocurrency named after Elon Musk’s Shiba Inu dog, Floki. Although it started as a meme token, Floki has expanded into a broader ecosystem with a strong focus on community, real-world utility, and unique projects. 

Operating on both the Ethereum and BNB Smart Chain networks, Floki is one of the few meme coins with a multi-chain setup, making transactions more accessible and affordable. The “Floki Vikings,” a dedicated community, drive the coin’s popularity through active social media campaigns and high-profile marketing, including ads in Times Square and partnerships with major football clubs.

Beyond its meme coin origins, Floki has moved into utility-based functions. It powers “Valhalla”, a play-to-earn gaming metaverse where players can use their Floki tokens. Plus, the Floki ecosystem includes “FlokiFi” for decentralized finance tools, Floki University for crypto education, and a prepaid Visa/Mastercard program allowing users to make purchases with Floki tokens. 

The project has also gained attention for its charitable partnerships, such as with “Pencils of Promise” to build schools in developing countries.

Pros

Multi-chain support makes transactions faster and cheaper
Unique gaming and educational platforms add real-world utility
Large community support through the Floki Vikings
Strong marketing campaigns boost visibility and interest

Cons

Regulatory concerns due to intense marketing strategies
Gaming and DeFi projects are still in development phases

7. Popcat ($POPCAT)

Popcat is a meme coin inspired by the popular “Popcat” internet meme, featuring a cat named Oatmeal with its mouth opening and closing. This coin was launched on the Solana blockchain in late 2022 and quickly attracted attention thanks to its unique cat-themed concept, which made it stand out in a meme coin market that’s usually filled with dog-themed coins. 

Initially launched with a modest market cap of around $200,000, POPCAT surged to nearly a billion-dollar valuation. POPCAT has a 979.97M total supply of tokens, and most of this supply was placed in liquidity pools to keep trading accessible and community-focused. 

POPCAT’s value is driven mainly by internet popularity, influencers, and its engaging social campaigns. People often buy it because they like the meme, but also because they think it might be the next big thing, similar to early Dogecoin hype.

Pros

Fun, viral meme appeal draws community interest
Simple tokenomics help with easy trading and community ownership
High-profile endorsements and social media boosts visibility

Cons

Lacks practical uses or inherent value.
No official ties to the original Popcat meme

8. Brett ($BRETT)

Brett meme coin is one of the most popular meme coins on the Base Chain. It is a blockchain network created by Coinbase. It’s inspired by a character named Brett from the “Boy’s Club” comic, who is portrayed as a fun-loving, laid-back friend of the iconic Pepe the Frog. 

Brett’s character has resonated with the crypto community, and it has built a strong following due to its humorous branding and connection to the Base Chain, which offers lower fees and faster transactions compared to Ethereum.

Launched with a large supply of tokens, BRETT has gained popularity because of its community-driven model. The original developers renounced control over the token, meaning they can’t alter or increase its supply, which builds trust among users and reduces the risk of manipulation. 

Although it doesn’t have any specific utility (like many meme coins), Brett’s success relies heavily on its vibrant community and social media support. In fact, Brett recently hit a market cap approaching $1 billion, with daily trading volumes climbing to tens of millions of dollars, signaling its growth potential.

Pros

Base Chain offers lower transaction costs, making it easy to trade
The renounced contract can reduce the risk of manipulation by creators
High liquidity and major trading volume on platforms like Coinbase

Cons

Purely community-driven with no actual use case
As a newer meme coin, it could face unexpected issues

9. Dogs ($DOGS)

Dogs meme coin is one of the latest popular coins on the Toncoin (TON) blockchain. It is known for its huge community engagement and fast growth. This coin launched with a bang through a token airdrop that allowed 17 million Telegram users to claim tokens in just two weeks. Thanks to the coin’s appeal, 4.5 million unique wallets now hold DOGS. 

This makes it one of the most widely held tokens on TON, trailing only USDT on the TRON network and Ethereum in terms of holder numbers. The coin’s quick success even caused network outages on the TON blockchain due to high traffic, showing how intense the demand has been.

The Dogs coin is inspired by “Spotty”, a dog mascot created by Telegram’s founder, Pavel Durov, who is known for his playful, community-centered approach. This integration with Telegram and the appeal of the mascot helped DOGS attract a large audience quickly.

Pros

Huge community, with millions of token holders already
Integrated with Telegram, which boosts daily use and visibility
Fair launch with airdrop to existing Telegram users, increasing accessibility

Cons

High competition from other meme coins in the market
Price has seen volatility since its launch

10. Neiro (First Neiro On Ethereum)

Neiro, often called the “First Neiro on Ethereum”, is the best meme coin with a unique story in the world of crypto. Launched in 2024, Neiro quickly gained popularity, largely due to its origin as a tribute to Kabosu, the Shiba Inu dog that inspired Dogecoin. 

After Kabosu’s passing, Neiro – a new Shiba Inu was adopted, sparking the creation of this new token on Ethereum. This connection to Dogecoin’s legacy made Neiro instantly recognizable and fueled excitement among meme coin fans and investors.

Its community-driven governance means token holders can influence Neiro’s future, which has helped keep its fan base actively engaged and invested in its growth. Since its launch, Neiro has seen rapid price increases and high trading volumes on exchanges like Binance. This hype has led Neiro to a significant market cap, and it’s now one of the best meme coins on Ethereum, following in the footsteps of Dogecoin and Shiba Inu.

Pros

Strong Ethereum-based security
Large and active community
Listed on major exchanges like Binance

Cons

Confusion from multiple Neiro projects on different blockchains
Competition from other popular meme coins

11. Goatseus Maximus ($GOAT)

Goatseus Maximus, also known as $GOAT, is a unique meme coin on the Solana blockchain that’s blowing up because of its connection with an AI bot called Truth Terminal. This AI didn’t create the coin but randomly discovered it, then started promoting it to thousands of followers online.

With crazy posts and “prophecies” that hype up the coin, Truth Terminal’s tweets and mentions have made $GOAT super popular in a short time. The coin’s value has skyrocketed, reaching over $500 million in market cap within weeks.

What makes Goatseus Maximus stand out is its mix of internet humor and the novelty of an “AI prophet” promoting it. Truth Terminal’s posts often talk about a “GOAT singularity” (a fictional event when $GOAT would rule the meme world), creating a “meme religion” vibe. This approach has turned heads and even attracted some big investors in the AI and crypto space, like Marc Andreessen, who helped fund the AI project itself.

Pros

Hilarious AI-driven promotion that makes it interesting for meme fans
Rapid growth – hit over $500 million in value within weeks
Strong online community and hype, which often fuels price
Supported on Solana, offering fast, low-cost transaction

Cons

No real project roadmap, so future value is uncertain
Relies on AI “promotion” which could fade over time

What Is a Meme Coin?

A meme coin is a type of cryptocurrency, but unlike other coins that solve problems or bring tech advancements, meme coins are mostly for fun. They are internet jokes in the form of digital currency. 

Most meme coins don’t have a real purpose. They’re created to get people talking, make them laugh, and maybe even go viral. Some meme coins are based on popular memes or themes.

The most famous example is Dogecoin, which started as a joke about a Shiba Inu dog back in 2013. But, thanks to online communities and even some tweets from celebrities like Elon Musk, Dogecoin quickly got noticed and became huge. Since then, people have started creating new meme coins like Shiba Inu, Floki Inu, and others, hoping to repeat Dogecoin’s success.

Risks of Investing in Meme Coins

Investing in memes tokens is super risky, so you have to be careful. Here are some risks to consider:

High Volatility: Meme coins can go up or down in value very fast. They are not stable, so you might buy it one day, and the next day it loses 50% of its value.
No Real Use Case: Most meme coins don’t have any real purpose or utility. They don’t solve problems like other big cryptocurrencies (like Bitcoin or Ethereum). That makes it hard to know if they’ll still be valuable in the future.
Influencer Impact: Some meme coins become popular just because celebrities talk about them. For example, Elon Musk tweets about Dogecoin, and it goes up in value. But this hype doesn’t last long. If influencers stop talking about the coin, the price can drop quickly.
Scams and “Rug Pulls”: Many meme coin projects can be scams. Developers might hype up a coin, get people to invest, and then disappear with all the money (this is called a “rug pull”). A famous example was a coin called Squid Game Token in 2021; its developers disappeared after collecting millions from investors.
Market Manipulation: Investors with a lot of meme coins (called “whales”) can control the market. If they sell a big amount, the price can drop a lot, and if they buy, the price can suddenly rise. This makes it hard for regular investors to know when to buy or sell.

Benefits of Investing in Meme Coins

Even though meme coins are risky, they still attract people. Here’s why some people invest in them:

Potential for High Returns: Meme coins can go up in price a lot in a short time. Dogecoin, for example, grew over 12,000% in 2021. If you invest at the right time, you can make big profits. But it’s a gamble.
Fun and Community: Traders like the newest meme coins because of the community around them. Dogecoin has a big online community that creates memes, shares jokes, and supports each other. This makes investing in meme coins feel like being part of a club or trend.
Easy to Trade: Meme coins are usually listed on popular exchanges, making them easy to buy and sell. Crypto apps like MEXC and Binance allow people to trade meme coins, so even beginners find it easy to start.
Hype and Trends: If you like following internet trends, meme coins are a fun way to get involved. They’re driven by what’s popular online, so investing in meme coins feels like joining a big internet trend.

Types of Crypto Meme Coins (Most Popular Only)

Ethereum meme coins

Ethereum is the top blockchain for meme coins, and it has a ton of famous ones. One of the biggest meme coins on Ethereum is Shiba Inu. It’s nicknamed the “Dogecoin killer” because it tries to beat Dogecoin, which is one of the first meme coins ever. Other popular Ethereum meme coins include Dogelon Mars and Floki Inu.

Solana meme coins

Solana meme coins are getting more popular because Solana is super fast and has low fees. Bonk Inu is one of the most well-known Solana meme coins. It was given for free to Solana users as a kind of community reward, and now lots of people trade it. 

Solana’s community really loves it because it’s one of their own, but it’s not as big as Ethereum meme coins. Solana is also new to meme coins, so there’s a lot of room for more coins to come up. After the launch of Pump.fun, there are millions of meme coins on Solana.

TON meme coins

TON, also known as The Open Network, has a smaller meme coin space. It’s not as mainstream as Ethereum or Solana for memes, but it’s starting to grow. People who use the Telegram app might see TON coins being discussed, as TON is linked to Telegram. It has a community vibe but not many big meme coins yet.

SUI meme coins

SUI is a new blockchain, so its meme coin scene is just starting. There aren’t as many well-known meme coins on SUI yet, but it has potential. SUI is fast and is trying to attract new users, so it might see more meme coins in the future. For now, it’s a waiting game.

Dog meme coins

Dog coins are the kings of meme coins. Dogecoin itself started the whole meme coin trend. It was created as a joke in 2013, but now it’s really popular, even used for tips online. Elon Musk loves Dogecoin, which makes its price jump a lot. 

Other dog-themed meme coins like Shiba Inu, Floki Inu, and Dogelon Mars all try to follow Dogecoin’s success. They all have strong fan bases and big communities.

Cat meme coins

Cat coins are not as famous as dog coins, but they’re still around. Coins like Popcat are trying to be the “cat version” of Dogecoin. There’s also Kitty Coin, but it’s not as popular. Cat coins don’t get as much hype, but who knows? They could grow if the right community builds around them.

Large Cap Meme Coins vs Low Cap Meme Coins

Feature
Large Cap Meme Coins
Low Cap Meme Coins

Market Capitalization
High, often over $1 billion
Lower, typically under $500 million

Liquidity
High liquidity, easy to buy/sell
Low liquidity, can be harder to trade

Price Stability
More stable, but still volatile
Highly volatile, prices can spike or crash

Availability
Listed on major exchanges like Binance, Coinbase
Mostly on smaller or decentralized exchanges

Community Support
Large, established communities
Smaller but often very active communities

Investment Risk
Lower risk but lower potential returns
Higher risk with high potential for returns

Regulation and Scrutiny
Often more scrutinized and regulated
Less regulation, more vulnerable to scams

Ways to Identify New Meme Coins

To identify new meme coins in the crypto market, there are some useful strategies and tools:

Look at Social Media and Forums: To find new meme coins, go to social media like Twitter or Reddit. People talk about new coins here, especially if a meme coin is starting to go viral. For example, Dogecoin and Shiba Inu both got popular because people couldn’t stop talking about them on these platforms. It’s all about seeing which coins people are hyped about. Twitter is good for this because it shows trends right away.
Try Some Tracking Tools: There are websites like Dexscreener, DEXTools, and CoinMarketCap. These sites keep track of coins that are trending. Dexscreener is nice because it shows coins on 30+ chains and lets you set alerts, so you know fast if a new coin is doing well. It helps you see the coins that are getting popular before everyone else notices.
Watch Blockchain Activity: You can check new meme coins on blockchains like Ethereum or Solana by going to sites like Etherscan or Solscan. If you see a coin with lots of people buying it, then maybe it’s catching on. Another trick is to watch what big wallets (called “whales”) are buying because big investors often get into coins early.
Look for Presales and Launchpads: There are many meme coins that start out with presales on sites like Uniswap before they’re on popular crypto exchanges. When you buy in crypto presales, you can get the coin at a lower price, but it’s riskier because it’s so new. Coins like Floki started getting popular this way.

How to Choose the Best Meme Coin Projects to Invest In?

To help you pick a good meme coin investment, here’s a guide on what to look for and avoid so you can make smarter choices.

Community Support

Meme coins rely heavily on loyal followers and active fans. If there’s a big, strong community backing the coin, it can make a big difference. Projects like Dogecoin wouldn’t have survived as long as they did without their large, dedicated fans on platforms like Twitter and Reddit. 

The more people talk about and support a coin, the more likely it is to grow. So, always look at how active the community is – do they engage on social media? Are they building a positive, growing community? A strong base is usually a good sign for future stability.

Real Utility or Use Cases

While most meme coins start as jokes, the ones that survive often have an actual purpose. If a meme coin has potential use cases or a solid plan for the future, it might be worth looking into. 

For example, some meme coins are connected with gaming, NFTs (non-fungible tokens), or specific rewards. A coin with a purpose beyond just trading can attract long-term interest, which is a good sign for investors. 

Celebrity or Influencer Support

If a celebrity with a big following publicly supports a meme coin, it usually gets a lot of attention, which can drive its value up quickly. 

Elon Musk’s support of Dogecoin made a huge difference to its popularity. Every tweet he posted about Dogecoin caused its price to jump.

However, this also means that if the celebrity stops supporting it, the coin might drop in value just as quickly. While celebrity support can bring huge gains, it’s good to be cautious since this type of popularity doesn’t always last.

Tokenomics (Supply and Demand)

Tokenomics means how the coin’s supply and demand are set up. Some coins have a massive supply, while others are limited. If a coin has a limited supply, it might be more valuable over time. 

But, if one person or a few wallets hold most of the supply, they could suddenly sell a lot of coins, causing the price to crash. This happened with Shiba Inu, which had a large supply but then “burned” some tokens to increase demand.

Liquidity and Market Cap

Liquidity means how easy it is to buy and sell the coin without affecting its price too much. If a coin has high liquidity, there are usually enough buyers and sellers, so you won’t have trouble trading. 

Market cap is the total value of all the coins, and a high market cap can mean the project is more stable. Dogecoin and Shiba Inu both have high market caps, which makes them more secure investments compared to smaller meme coins with low liquidity and market cap.

Transparency and Team Behind the Project

Projects that have clear, identifiable team members and honest goals are usually safer. If the team is open about who they are and what they want to achieve, there’s a higher chance the project is real. 

Good projects often share their vision through a “whitepaper”. By reading up on the team and checking their social media, you can spot if they’re truly committed or just looking for quick cash.

Roadmap and Future Plans

A roadmap shows the goals the team has and what they’re planning for the future. If the team has clear plans for the next steps, like launching new features, entering the metaverse, or adding NFTs, it shows they’re serious about growth. 

A project without a roadmap may just be around for quick gains, which could be risky. Reviewing the roadmap can give you an idea if they’re aiming to be around for the long run or just here for the hype.

How to buy Meme Coins?

Buying Meme Coins on Centralized Exchanges

Centralized exchanges are a popular way for beginners to buy meme coins because they’re easier to use and have a secure interface. Here’s a step-by-step on buying meme coins through a CEX:

Choose an Exchange and Create an Account: Start by picking a trusted crypto exchange like Binance, Coinbase, Bybit, KuCoin, or OKX, and create an account. These platforms support meme coins like Dogecoin, Shiba Inu, and PEPE. Sign up using your email, phone number, and set up a strong password.
Complete Verification (KYC): Next, complete the Know Your Customer (KYC) verification, which may require uploading an ID or taking a selfie. This step is needed on most CEXs to prevent fraud. Verification can take a few minutes to a day, depending on the exchange. If you want to use a no-KYC crypto exchange, MEXC is a great option.
Deposit Funds: Once verified, deposit funds into your account. Most CEXs accept bank transfers, debit/credit cards, and even payment apps like Apple Pay, Simplex, Banxa, and more. Be aware of deposit fees, which vary by payment method and region.
Search and Buy the Meme Coin: Use the search bar to find the meme coin you want, like DOGE or PEPE. Once you locate it, choose how much to buy and confirm the transaction. The coins will be added to your exchange wallet.

Buying Meme Coins on Decentralized Exchanges

Decentralized exchanges are another option for buying meme coins, especially if you’re looking for newer or lesser-known tokens. DEXs operate without a central authority, meaning you trade directly from your crypto wallet. Here’s a simple guide:

Get a Web3 Wallet: Start by downloading a Web3 wallet, like MetaMask or Trust Wallet. These crypto wallets are required to interact with DEXs, and they store your cryptocurrency directly.
Fund Your Wallet: Deposit some cryptocurrency into your wallet, typically Ethereum (ETH) or a stablecoin like USDC, since DEXs usually pair meme coins with these major tokens. You can buy ETH on a CEX and transfer it to your Web3 wallet.
Connect to a DEX: Go to a DEX like Uniswap (for Ethereum-based coins) or PancakeSwap (for BSC-based coins) and connect your wallet. You’ll see a “Connect Wallet” button in the top-right corner. Select your wallet type, follow the prompts, and confirm the connection.
Find the Meme Coin and Swap: Once connected, search for the meme coin using its token address (found on official sites or trusted sources like CMC or DEXScrenner). Select the coin, specify the amount, and click “Swap”. Remember that DEX transactions have network fees, known as “gas fees”.

Which Factors Influence the Price of a Meme Coin?

The price of a meme coin depends on a bunch of factors. But, they get their value mostly from hype and popularity. So, let’s look at some main things that influence meme coin prices:

Community Support: The bigger the community around a meme coin, the more attention it gets. If people on social media, especially Twitter, start talking about a meme coin, its price can go up fast. More people buying means higher prices, and even a small community can make a big impact.
Celebrity Influence: Big names like Elon Musk can make meme coins shoot up in price with just one tweet. If a celebrity mentions or even jokes about a meme coin, people rush to buy it, and this can increase its price suddenly.
Market Demand: Demand and supply also play a role. If a lot of people want to buy a meme coin but only a few people are selling it, the price goes up. But if everyone tries to sell at once, the price drops.
Media and News: News stories, online articles, and YouTube videos also affect prices. If news spreads that a meme coin is doing well or getting popular, more people start buying it.
Platform Listings: If a major cryptocurrency exchange like Binance or Coinbase lists a meme coin, its price often spikes. People see it as more legitimate, so they invest more.

Conclusion

In conclusion, the best meme coins in 2024 are more than just fun; they combine community, hype, and real-world use cases. Coins like Dogecoin and Shiba Inu lead the pack due to their massive communities and solid backing. Newer tokens like Goatseus Maximus and Pepe continue to gain attention, using humor and unique marketing strategies to drive hype. 

Investing in meme coins can be risky because of their volatility, but if done carefully, it can be rewarding. Always research and understand the potential of each coin before jumping in. Whether you’re in for the memes or the potential growth, there’s a coin for everyone in this fun market. You can also check out our related guide on the best crypto to buy right now.

FAQs

Which meme coin will reach $1?

Dogecoin (DOGE) is the one people think has the best chance to hit $1. It’s already the biggest meme coin, with a huge community, and Elon Musk himself often tweets about it. 

At its highest in 2021, Dogecoin reached around $0.58 and currently trading around $0.39, so it isn’t that far from $1. Many people believe that if crypto markets continue bullish moves, Dogecoin might finally reach that $1 milestone.

Is meme coins a good investment?

Meme coins can be fun but aren’t the best “serious” investment. They’re super risky because their prices are mostly driven by trends and social media hype. Some people have made quick money, but others lose a lot too. 

Meme coins are usually not about real-world projects; they’re more like online jokes or trends. So if you’re thinking about meme coins, it’s probably best to only put in money you’re okay with losing.

Are meme coins legal?

Yes, meme coins are generally legal in most countries, but it depends on where you live. Countries like the USA and most of Europe allow meme coins, but they still have rules about trading and taxes. 

Some countries, like China, have banned crypto altogether. But as long as you’re in a country where crypto is legal, you can buy, hold, and trade meme coins without breaking the law.

Which meme coins will boom in 2024?

Predicting which meme coins will boom in 2024 is tricky, but some popular choices are Shiba Inu (SHIB), Dogs, and Pepe Coin. Solana meme coins are also trending currently.  

Shiba Inu has already made huge waves and has a lot of new projects coming up, like its own metaverse. Baby Doge and Pepe Coin are newer but growing in popularity too.

What is the highest-valued meme coin?

Dogecoin (DOGE) is the highest-valued meme coin. As of 2024, its market cap is around $56.62 billion, according to CMC data. Dogecoin was created in 2013, but it’s still the top meme coin, with Shiba Inu following as the second biggest.

How do you find 1000x meme coins?

Finding a meme coin that could go “1000x” is super tough, but here are a few tips. First, look for new coins with a strong community – ones that are getting a lot of attention on social media platforms like Twitter, Discord, and Reddit. It also helps to find coins with low market caps because these have more room to grow. 

Finally, check if the team is active and if the project has some goals, even if it’s a joke. But be careful – most meme coins lose value fast, so only invest a little, if you decide to try.