16 Best Meme Coins to Buy in 2024 – New Meme Coins for July

Meme coins are among the hottest tokens in the crypto market, with some seeing jumps of over 10,000%. Investors have made fortunes by timing their buys right. However, not all meme coins will succeed, so identifying high-potential tokens early is crucial.

This guide ranks the 16 best meme coins to buy in 2024 and provides essential insights for investing in meme coins.

Pepe Unchained ($PEPU)

• Pepe Unchained - the first meme crypto project running on its own Layer 2 blockchain with presale raising $210k within days.
• Offers early investors double the staking rewards currently over 22,000% APY.
• $PEPU's Layer 2 blockchain means reduced operational costs, faster speeds, and lower fees.

Project Launched

June 2024

Purchase Methods

• 
  ETH
• 
  USDT
• 
  Debit
• 
  BNB
• +1 more

Learn More

The Meme Games ($MGMES)

• Enter the Meme Games everyone's favorite meme characters such as Doge, Pepe, Brett, Turbo, and Dogwifhat
• Earn a 25% token bonus by entering the 169 meter dash when you purchase tokens in the presale
• Keep increasing your chances of winning big with multiple entries

Project Launched

July 2024

Purchase Methods

• 
  ETH
• 
  USDT
• 
  BNB
• 
  Debit
• +1 more

Learn More

WienerAI ($WAI)

• WienerAI is a unique meme token merging the appeal of crypto memes with AI
• $WAI is an ERC20 token built on the Ethereum blockchain offering stakers rewards in excess of 100% p/a
• With a total supply of 69Bn tokens 30% has been allocated to the presale, which has already raised $7 million

Project Launched

April 2024

Purchase Methods

• 
  ETH
• 
  USDT
• 
  BNB
• 
  Matic
• +1 more

Learn More

PlayDoge ($PLAY)

• PlayDoge brings real-life utility to the Doge meme scene with mobile-based P2E Tamagotchi-style game
• $PLAY hodlers can stake their tokens to earn passive rewards and earn XP and bonuses whilst caring for their virtual pet
• PlayDoge presale already raised over $200k within hours of launching

Project Launched

May 2024

Purchase Methods

• 
  BNB
• 
  USDT
• 
  Debit

Learn More

Shiba Shootout ($SHIBASHOOT)

• Viral community-driven meme coin project offering poker tournaments and treasure hunts with a crypto twist
• Generous referral program dubbed 'Posse Rewards' for referrer and new members to earn bonus $SHIBASHOOT tokens
• Buy and stake $SHIBASHOOT tokens for passive rewards at a rate of 125.5 per ETH block, disbursed over 2 years

Project Launched

April 2024

Purchase Methods

• 
  BNB
• 
  ETH
• 
  USDT
• 
  Debit
• +1 more

Learn More

Base Dawgz ($DAWGZ)

• Latest Base chain meme coin on a high-octane journey offering multi-chain interoperability and purchases.
• Unique share-to-earn mechanics allowing users to earn $DAWGZ tokens when relevant content is shared on social media.
• Right time, right place. $DAWGZ comes just in time as Base meme coins hit a market cap of $1.78 billion.

Project Launched

June 2024

Purchase Methods

• 
  BNB
• 
  ETH
• 
  SOL
• 
  AVAX
• 
  BASE
• +2 more

Learn More

Sponge V2 ($SPONGE)

• Hot Meme Coin Project With Play to Earn Utility and Staking
• Price has Pumped 10x in Last Month, Rumored to be Listing on Binance
• Over 12k Holders and Growing

Project Launched

December 2023

Purchase Methods

• 
  ETH
• 
  USDT
• 
  Debit

Learn More

DOGE2014 (DOGE2014)

• With DOGE's decade as meme-leader, DOGE2014 emerges to celebrate its longevity.
• Buy and stake DOGE2014 tokens for huge rewards distributed over 2 years.
• DOGE2014 tokens can be easily transferred to most EVM wallets within minutes.

Project Launched

June 2024

Purchase Methods

• 
  ETH
• 
  Tether
• 
  Debit

Learn More

Analysis of the Best Meme Coins to Buy

Now that investors know more about what meme crypto coins are and why they’re so popular, let’s take a closer look at the 16 recommended meme coins to invest in for 2024.

1. Pepe Unchained ($PEPU) – Best Pepe-Themed Meme Coin Built on the Lightning Fast L2 Ethereum Chain

Pepe Unchained ($PEPU) is a Pepe meme spinoff token leveraging Ethereum’s layer-two (L2) blockchain for higher scalability, faster transactions, and increased staking rewards. By offloading transactions from the main network, $PEPU reduces operating costs and boosts efficiency, allowing for higher staking returns.

For example, $PEPU holders can earn a live annual yield of 464% by staking their tokens. Long-term stakers benefit from continuous passive income, as 30% of the total $PEPU supply is allocated to staking pools. This setup supports rapid trading and staking while lowering gas fees. Consequently, Pepe Unchained has raised over $4 million within months of its presale launch.

2. The Meme Games ($MGMES) – Meme Coin Offering Presale Gamified Bonuses and Staking Returns

The Meme Games ($MGMES) is an innovative project offering presale gamified bonuses with its Olympics-themed races. Available at $0.009 per token during presale, investors can select one of five meme avatars, like Dogecoin or Pepe, for a 169m dash sprint. If their avatar wins, they receive a 25% bonus on their investment. This feature has made The Meme Games a popular presale, raising over $141K in two days. The presale will distribute 35.3% of the total 2.024 billion token supply. Additionally, investors can stake $MGMES and earn up to 2,454% APY.

3. WienerAI ($WAI) – AI-based Meme Token With High Staking Rewards, Raised Over $7.5 Million

WienerAI ($WAI) is a fun meme coin combining artificial intelligence and memes, making it a standout among top meme coins. It’s the first Sausage/Dog/AI hybrid, with early investors able to buy $WAI at $0.00073 during the presale. This ERC-20 token offers a high daily staking APY of over 149% for early investors.

Watch out though – this presale will end in a few days and then the token will be listed on DEXs. Once it hits the open markets and trading begins in earnest, the price could skyrocket.

The unique origin story of a cybernetic dog created by accident has gone viral, creating a strong community known as the “Sausage Army.” Of the total 69 billion tokens, 20% are reserved for staking rewards and 30% for presale buyers.

8. Lucky Boo ($BOO) – New Dog Token, Built on Solana Blockchain

Lucky Boo ($BOO) is a new meme cryptocurrency launched on presale, aiming to be the next big token on the Solana blockchain. Following the success of $BONK, $BOO launched its presale on April 5th, 2024, and quickly sold out the first round.

Currently in its second round, $BOO offers 178,444.44 tokens per 1 SOL. From a total supply of 8.1 billion tokens, 5% is allocated for the presale. Early investors benefit from significant airdrop rewards, with 40% of the supply reserved for giveaways. Additionally, 45% of the tokens are dedicated to marketing.

With its humorous appeal and strategic allocation, Lucky Boo has the potential to become a top meme coin.

9. MemeLife (MEMELIFE) – Meme Coin With a Telegram Bot For Launching Tokens and Trading

MemeLife ($MEMELIFE) is one of the best meme coins to buy now while it’s in presale. During the presale, there will be several stages and each stage will have a higher token price than the previous. The first stage gives investors the chance to buy the token at $0.001, while the last stage will offer the token for $0.01.

Unlike most meme coins that have no utility, MemeLife provides a Telegram bot for launching new tokens that doesn’t require coding knowledge. It will also help investors buy tokens while providing real-time data. The team will offer several rewarding features, including referral bonuses, loyalty rewards, and rewarding users with interactive learning elements.

The $MEMELIFE token is built on Solana, but investors on Ethereum and Binance blockchains can buy the token with their native coins or stablecoins.

10. ApeCoin ($APE) – Meme Coin Developed by Founders of the Bored Ape Yacht Club NFT Collection

ApeCoin ($APE) is a meme coin created by Yuga Labs, the team behind the Bored Ape Yacht Club and Mutant Ape Yacht Club NFT collections. This ERC-20 token gives its community governance over the ApeCoin DAO, which includes a fund for future projects like NFTs, metaverse development, and play-to-earn games.

Yuga Labs is also developing its own metaverse, Otherside, speculated to use $APE as its official token. $APE surged 22% after a preview of Otherside last summer but has since declined by 72%, now trading at $0.8267. This decline presents a potential buying opportunity, as $APE could significantly increase in value upon Otherside’s launch.

11. Dogelon Mars ($ELON) – Token Combining Elon Musk, Shiba Inus, and Rockets to the Moon

Dogelon Mars ($ELON) is a meme coin that launched in April 2021, quickly soaring over 4,500% and minting new crypto millionaires. Although it experienced significant drops, the token has shown resilience and potential for another rise.

The token combines elements beloved by meme enthusiasts: Elon Musk, Mars exploration, the Shiba Inu meme, and the “to the moon” spirit. Despite a 60% decline in the past year due to the crypto winter, signs of a rebound are emerging. Recent trading volume has surged to nearly $20 million, and with a market cap just under $70 million, $ELON could see substantial gains if momentum continues.

12. PepeCoin ($PEPE) – Explosive Meme Coin that Gained 10,000+% and Retains a Market Cap over $400 Million

PepeCoin ($PEPE) is one of the most successful meme coins since Dogecoin and Shiba Inu. It soared over 10,000% in April, capturing mainstream attention, and showing that fortunes can still be made in crypto despite the market downturn.

Based on the Pepe the Frog meme, $PEPE has inspired many copycat tokens. At its peak, it had over $3 billion in daily trading volume. Although it has since decreased, the token is still up 1,775% since launch, with a market cap exceeding $415 million and nearly $80 million in daily trading volume. Given its popularity and trading activity, $PEPE could see another surge this year.

13. Shiba Inu ($SHIB) – Established Meme Coin with Newly Launched Shibarium Network

Shiba Inu, known as the original ‘Doge killer,’ rocketed to fame in 2021, reaching an all-time high of $0.000080. Despite being down 90% from that peak, it maintains a market cap of $4.8 billion, making it the 15th-largest cryptocurrency and second only to Dogecoin among meme coins.

The crypto winter hit $SHIB hard, but the recent launch of the Shibarium network could signal a turnaround. This custom blockchain supports ultra-fast, low-cost transactions and enables $SHIB staking, potentially boosting the token’s value. Although initial issues with Shibarium affected $SHIB’s price, the now fully operational network promises long-term gains for investors.

14. Milady Meme Coin ($LADYS) – Explosive Meme Coin Backed by Elon Musk and a Popular NFT Collection

Milady Meme Coin ($LADYS) was inspired by Elon Musk’s tweet featuring a Milady Maker NFT, causing the NFT collection’s floor price to double within minutes. Shortly after, an anonymous developer launched $LADYS, which skyrocketed 20,000% before stabilizing.

Despite the initial surge being unsustainable, $LADYS retains a market cap of nearly $20 million and remains highly volatile, appealing to active traders. Recently, the token spiked over 30%, with trading volume doubling, offering profitable opportunities for quick trades.

15. Dogecoin ($DOGE) – The Meme Coin that Started it all, with an $8.8 Billion Market Cap

Dogecoin is the original meme coin, launched way back in 2013 as a joke.

It uses the same source code as Bitcoin but has no cap on $DOGE tokens that can be mined. Despite its unlimited supply, many see Dogecoin as the future of money due to its ability to facilitate instant, low-cost transactions worldwide.

Currently, Dogecoin is the 8th-largest cryptocurrency by market cap, valued at over $8.8 billion, with an average daily trading volume exceeding $200 million. Although $DOGE is down 9% over the past year, this dip might be a buying opportunity for investors anticipating a rebound post-crypto winter.

16. Floki Inu ($FLOKI) – Doge-Themed Meme Coin Inspired by Elon Musk’s Dog, Floki

Floki Inu is a Shiba Inu-themed meme coin named after Elon Musk’s dog, Floki. While it has no inherent utility, the token gained massive popularity, jumping over 7,000% shortly after its launch and reaching a trading volume of $225 million.

Despite a significant drop from its peak, $FLOKI remains strong, up more than 66% in the past year. It has a market cap exceeding $170 million, reflecting continued investor interest and potential.

Are Meme Coins a Good Investment?

One of the main questions investors have about meme coins is whether they are good investments. Meme coins are extremely volatile, offering the potential for huge gains but also significant losses.

It’s crucial to understand meme coins and why an investor might focus on them. Let’s explore some key benefits of investing in meme coins.

Explosive Price Potential

Investors are drawn to meme coins for their potential to create millionaires. Many, known as ‘Dogecoin millionaires’, made fortunes when Dogecoin soared in 2020-2021. The same happened with Shiba Inu in 2021 and PepeCoin earlier this year.

While there’s no guarantee any meme coin will skyrocket, it’s happened often enough that investors recognize the potential for huge short-term gains.

Low Prices

The market is flooded with numerous meme coins, leading to high competition and low individual coin prices. Many meme coins, particularly new ones, have low prices. This affordability enables you to buy large quantities with a relatively small investment. This is especially appealing to those looking to hold a significant amount of digital assets in the hope of profiting from a future price surge.

Building Community

Investors are drawn to meme coins not just for potential returns but also for the vibrant communities they foster. Meme coin investors often value the fun and camaraderie as much as financial gains, creating a contagious and enjoyable atmosphere.

Psychologists note that even utility-less meme coins gain ‘real’ value when supported by enthusiastic investors. This collective backing can boost the coin’s price and adds non-monetary value through the community experience.

Meme coin projects aim to build loyal, close-knit communities where investors support each other through highs and lows, a unique aspect in the investing world that appeals to many.

Staking Opportunities

Many meme coins now offer staking rewards, allowing investors to earn additional tokens by validating transactions. Staking provides a way to increase investment returns over time, regardless of token value fluctuations.

The potential gains from staking are substantial, especially if the token’s price rises. Meme coin APYs can be very high, often reaching triple digits.

High Volatility

Volatility refers to the frequency and amplitude of price spikes in a cryptocurrency. Meme coins are highly volatile, experiencing significant price swings in short periods.

While high volatility might not appeal to long-term investors, it’s ideal for day trading. Traders can capitalize on these price swings by entering and exiting positions quickly, sometimes making multiple trades on a single token in a day.

Fun and Entertainment

Another reason investors are drawn to meme coins, both old and new, is the enjoyable and light-hearted engagement they provide within the crypto community. The entertainment value adds a unique appeal to the investment experience, making it more enjoyable than traditional investments.

Potential Risks of Meme Coins

Meme coins have the potential to deliver life-changing gains for investors when things go well. But it’s important to remember that investors can also lose money on meme coins. Let’s take a closer look at some of the potential risks of meme coin investing.

Price Volatility

Volatility in meme coins can lead to quick gains, but also rapid losses. Prices often spike early in a meme coin’s life, then drop sharply. For instance, PepeCoin fell 70% in less than a week after reaching its all-time high. Investors can mitigate losses with automated orders like stop losses or by exiting positions early to lock in gains.

Regulatory Uncertainty

Crypto investors need to be prepared for regulatory uncertainty that can impact prices across the market and hit meme coins especially hard.

In the US, there is uncertainty over whether meme coins are unregistered securities. In a recent lawsuit between Ripple and the US Securities and Exchange Commission, a judge found that crypto tokens are not securities in many cases. However, the SEC is appealing this decision, which could lead to an altered ruling on the status of many meme coins.

New lawsuits by the SEC and other regulatory agencies could cause meme coin prices to drop without warning. It’s also possible that new crypto legislation in progress in Congress could impact meme coin prices either positively or negatively.

Scams and Pump and Dump Schemes

Scams are a frequent threat the crypto industry, especially with new token launches. Meme coins are particularly susceptible since their success relies on early investor interest. A prevalent scam is the rug pull/pump and dump, where developers withdraw funds raised during a presale, draining the project’s liquidity and rendering the token worthless.

The $BALD token is a recent example of a rug pull. The development team ran off with $25.6 million after investors piled into the token’s ICO on Coinbase’s new Base launch platform. The value of the $BALD token dropped more than 90% when the rug pull was discovered.

Decline in Investor Interest

Meme coin investors should be cautious about holding them long-term. While some, like Dogecoin and Shiba Inu, have lasted years, many quickly decline in value after an initial surge. New meme coins constantly emerge, leading investors to lose interest in older ones, resulting in sell-offs. Prices rely heavily on trading volume and demand, so without new interest, prices can fall.

Lack of Transparency

The lack of transparency is a major issue with many meme coins. Often created by anonymous developers, it’s hard for investors to gauge their credibility. These projects usually lack clear roadmaps and have opaque token distribution, raising concerns about manipulation.

Communication from meme coin teams is often limited, making it difficult to get reliable updates. Additionally, marketing materials can be exaggerated or misleading. This opacity increases regulatory risks and potential for fraud. Investors should be cautious and thoroughly research before investing in meme coins due to these transparency issues.

Best New Meme Coins in July 2024

How to Find New Meme Coins with High Potential

One of the most challenging parts of investing in meme coins is finding high-potential tokens before they begin skyrocketing. The most successful meme coin investors are the ones who spot promising projects early, before other investors realize how big they can become.

There are several ways to find the newest meme coins that will explode after launch.

Where Can Meme Coins be Traded?

Meme tokens can be traded on top cryptocurrency exchanges, both centralized and decentralized. Major exchanges like Binance, Coinbase, Kraken, and Solana list popular meme coins.

Decentralized exchanges such as Uniswap, PancakeSwap, and SushiSwap also offer trading for these tokens. HTX, KuCoin, and Bybit support meme coin trading as well. Always do your own research to choose the best platform for trading your meme crypto.

Conclusion

Meme coins have produced fortunes for savvy investors who got in on the ground floor of popular projects and sold at the peak. While not every meme coin will be successful, we’ve identified 14 projects that we think offer high potential returns for investors in 2024.

One of the best meme coins for 2024 is Pepe Unchained (PEPU). It’s a new pepe-themed meme token built on the Ethereum layer-two blockchain.

References

• https://www.cnbc.com/2021/07/06/millennial-dogecoin-millionaire-on-being-paid-in-dogecoin.html
• https://www.coindesk.com/markets/2021/12/30/the-psychology-of-meme-coins-from-actual-investors/
• https://www.youtube.com/watch?v=0Tab16Kv04U
• https://www.youtube.com/watch?v=hvmP-hBy_cM
• https://decrypt.co/105329/apecoin-surges-22-after-bored-ape-yacht-club-demos-otherside-metaverse
• https://www.cnbc.com/2023/05/05/ether-rallies-more-than-6percent-as-meme-mania-reenters-the-crypto-market.html
• https://www.coindesk.com/web3/2023/05/10/elon-musk-tweets-a-milady-nft-floor-price-soars-on-opensea/
• https://www.businessinsider.com/what-is-dogecoin-2013-12
• https://news.bloomberglaw.com/crypto/ripple-token-is-a-security-in-institutional-sales-judge-rules
• https://www.bloomberg.com/news/articles/2023-08-18/sec-moves-to-appeal-ripple-ruling-that-crypto-is-not-a-security
• https://www.reuters.com/technology/us-congressional-committee-set-weigh-crypto-bills-2023-07-26/
• https://decrypt.co/150693/following-meme-coin-mania-on-coinbases-base-one-token-appears-to-be-a-rug
• https://www.youtube.com/c/jacobcryptobury

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