The best meme coins to invest in 2024

Meme Coins (MemeCoin) In the market these days, digital currencies have become one of the hottest and most popular topics, and according to statistics, many traders have chosen this area as an attractive part of this market for trading. Now the number and variety of meme coins are so great that finding and investing in the best one is a difficult decision.

We have tried in this article The best meme coins to invest in 2024 introduce and review. The complete list of meme coins is updated on reputable websites such as CoinMarketCap and CoinGecko and this information is available to traders and cryptocurrency enthusiasts. In this text, we will mention some of the most popular and best meme coins.

Read more: What is Meme Coin? Is a joke worth investing in?

The best meme coins to invest in 2024

According to the reviews of the Erzdigital website from the information of the world's most reliable websites, the best meme coins for investment in 2024 can be considered the following:

• Dogecoin
• Shiba Inu
• Floki Inu
• Pepe
• ApeCoin
• Wojak
• Dogelon Mars
• Baby Doge

Dogecoin

One of the most important and popular meme coins is undoubtedly Dogecoin. This digital currency was inspired by the famous Shiba Inu dog meme created in 2013 and is now recognized as one of the best meme coins. Dogecoin's dramatic rise in popularity dates back to 2021, when celebrities such as Elon Musk endorsed the digital asset.

Dogecoin was created in 2013 by Jackson Palmer and Billy Marcus. This coin meme was designed as a joke and to show how easy it is to create a blockchain-based digital currency. However, now its market value has reached about 11.7 billion dollars and it is among the top coins in the market.

Even though Dogecoin is far from its peak, buying this memecoin is still considered a reasonable investment decision and there is still hope for its bright future.

Read more: What is Dogecoin? Everything you need to know about DogeCoin

Advantages:

• Top ranking: Among the top 10 digital currencies in the digital currency market
• High volume of transactions: It has a significant volume of transactions in the market, which shows the high activity of traders and the high demand of users.
• Popularity among holders: Through the attention and patronage of the holders, this asset has achieved high popularity.
• Community expansion: It has a dispersed and active community that continuously participates in support and information exchange.
• Low-cost and easy extraction: Dogecoin mining can be done with a low cost and a simple process.
• Use in businesses: Some businesses use Dogecoin as an active payment method.
• Dedicated blockchain: Blockchain has its own special features.

Disadvantages:

• High price volatility: Dependence on the support of important figures and high price volatility that may lead to changes in price and extreme volatility.
• Uniformity of project performance: Existence of weaknesses in the uniformity of project performance and poor performance in reaching the goals set in the roadmap
• Unlimited supply: The existence of unlimited supply can cause price stagnation and the lack of increase in the value of the coin.
• Poor technical support: Defects in technical support may cause problems and inability to resolve issues related to users and traders.

Shiba Inu

Shiba Ino is one of the best meme coins in the digital currency market. This meme coin is known as one of the few meme coins that was created with a specific purpose, and this purpose leans towards a structure without dependence on a centralized entity with the cooperation and participation of users.

Its support team and developers are working to create a powerful ecosystem with a decentralized exchange, multi-tokens and a professional community. The Shiba Ino ecosystem currently consists of three important tokens: the Shiba token (SHIB), the LEASH token (as a reward for validators of ecosystem transactions), and the BONE token (a token for participating in voting).

This meme coin is an ERC20 token and is inspired by its logo and name. Shiba Inu is known as the “Killer Dogecoin” and so far has attracted attention with a higher growth and development rate than Dogecoin.

Read more: What is ERC20? All about the Ethereum ERC-20 token and standard

Shiba Ino was created by an unknown group named Ryoshi in 2020, and the most important components of its ecosystem include the irreplaceable Shinpshis token and the ShibaSwap decentralized exchange.

Read more: What is Shiba Inu? Learning to buy and invest in Shiba Inu

Advantages:

• A large and developing community: The existence of a large and growing community called “Shiba Army” or “Shib Army” which shows the commitment and support of the project.
• SHIShi stablecoin launch in the future: A plan to launch a stablecoin called SHIShi that can help stabilize value.
• SHIB: The Metaverse launch in the future: A plan to create a metaverse called SHIB in the future that may lead to the development of a virtual world related to SHIB.
• Setting up the layer two blockchain network (Shibarium): Creating a layer two blockchain network called Shibarium on top of Ethereum main blockchain which will be launched in 2023.
• Shiba Eternity game development: Developing a game called Shiba Eternity in the style of Collectible Card Game to earn money and attract users' attention.

Disadvantages:

• Anonymity of the founder of the project: Not knowing the founder of the project, which may increase uncertainty in the community.
• Lack of transparency about BONE token token: The lack of transparency in the information related to the BONE token can provide insufficient information to investors.
• The presence of many serious competitors in the field of layer two blockchain, Metaverse and revenue-generating games: The existence of competitors and the boom of layer two blockchain, metaverse and revenue-generating games may limit Shiba's growth.

Floki Inu

Shiba fans and community members, inspired by Elon Musk's Shiba inu, created a new digital currency called Floki Ino. Floki is currently recognized as one of the most reliable meme coins in the digital currency market. Inspired by Elon Musk's Shiba Inu, this digital currency has been able to open its place among its competitors.

Many experts have placed Floki in the category of Web 3, Decentralized Finance, Metaverse and NFT projects and have introduced it as one of the outstanding projects in this field. But whether buying Floki is considered as a suitable way to invest or not, it is necessary to address this issue through more detailed research and investigation.

Read more: What is Floki Ino currency? Introduction of Floki Inu and purchase training

Advantages:

• Floki acts as a multi-chain token and operates on the Binance Smart Chain and Ethereum blockchains. This feature increases flexibility and interaction with two major blockchains

• The ability to buy and sell NFTs and digital products on the FlokiPlaces market allows users to directly operate in this field, which can contribute to the diversification and prosperity of the digital economy.

• The development of the FlokiFi ecosystem to provide DeFi products shows an effort to create a decentralized financial platform and can help users achieve their financial goals.

• The launch of Floki University as a digital currency education platform shows the commitment to education and increasing community information in the field of metaverse and digital currencies.

Disadvantages:

• High circulating supply and low price of each currency can lead to instability and increase market risk for investors.

• Paying a 3% mandatory transaction fee for buying and selling Floki may keep some investors away from trading and participating in this project.

• The anonymity of the founding and developing team of this meme coin may increase uncertainty in the investment community.

• The lack of use of Floki currency outside its ecosystem can limit the possibility of using and exchanging this currency in other projects and markets.

Pepe

Pepe (PEPE) gained a lot of fame and popularity as one of the most prominent meme coins in the digital currency market. This coin meme is inspired by the frog cartoon character “PEPE the Frog”. Pepe achieved an unprecedented success with a 7213% growth in a short period of time (from April 17 to May 5). As it is now, it is in a prominent position in the crypto market.

The circulating supply of Pepe token is 420 trillion units, more than 90% of which is locked in liquidity pools. This feature causes 10% of the total supply of Pepe to remain in the hands of buyers, and they can have a direct impact on its value at any moment by selling their tokens.

Although Pepe's remarkable success shows that it has attracted the attention of its investors, the points related to the ratio of supply and demand, the amount of token release and the effect of buyer sales on the value of this meme coin are things that investors should carefully consider.

Advantages:

• Expansion of supporters and followers in cyberspace:
  The increase in the number of supporters and followers in the virtual space shows the high attractiveness of the project and active communication with the community, which can help to promote and know more about Pepe.
• Support from prominent investors such as Mark Cuban:
  The support of prominent investors such as Mark Cuban shows the prevailing confidence in the project and its importance in the crypto industry.
• Continuous increase in the number of holders:
  The continuous increase in the number of holders means attracting the increasing importance and popularity of the project and can help its sustainability and progress.
• Listing in famous and big exchanges such as Kraken, Gemini and Binance:
  Presence in well-known exchanges helps to increase the access of users and the credibility of the project and can help to exchange its currency activities.

Disadvantages:

• There is a risk of fraud and spoofing due to its popularity: The high popularity of a memecoin project may attract the attention of fraudsters and hackers, which carries the risk of fraud.
• Not having a guarantee for investment return due to high price fluctuations: Substantial price fluctuations in the crypto market may make investment returns unguaranteed and compel investors to take on more risk.
• Not having intrinsic value according to its creator: If the project does not have intrinsic value, it may face problems to prove its value and establish itself in the market and ultimately the future of that project will be jeopardized.

Read more: Spoofing or fake orders; A trick you should watch out for

ApeCoin

IPCoin is considered one of the most prominent memecoins in the digital currency market, and its reputation and credibility is related to the cooperation with the famous board of IPYat Club. This partnership has established it as the official currency of the group, and IPCoin is now considered a valuable and important asset in the crypto world.

Using the ERC20 standard, IpCoin operates as a functional and governance token in the APE ecosystem. This token provides access to Web 3 for users and plays an important role in the development of this ecosystem.

With a total supply equal to one billion units, more than 50% of this amount is available to active and influential traders in the field of cryptocurrency. This feature represents the close connection of this token with experienced and powerful people in this industry. The attention of important people such as Justin Bieber to this coin meme is an example of its popularity and support among celebrities.

Read more: What is ApeCoin?

Advantages:

• Activities in the field of gaming and cultural activities:
  Active presence in the field of gaming and cultural activities allows Ipcoin to be more attractive among users and to increase interactions within its ecosystem.
• Business activities on the web 2:
  The presence in the field of business on the Web 2 shows the ability of Ip Coin to become a new and innovative business tool.
• A tool to motivate users of the app project:
  IpCoin acts as a tool to motivate and support project users, which can contribute to project interactions, activities, and progress.
• Possibility to participate in Dao for IP holders:
  Allowing IPCoin holders to participate in the Dao gives them an opportunity to actively participate in project-related decisions.
• Listing in famous exchanges like Binance:
  Presence in well-known exchanges increases users' access to IPCoin and helps to exchange it more.

Read more: What is a Decentralized Autonomous Organization or Dao? Getting to know the best DAO projects

Disadvantages:

• Not having a long history and history:
  This memecoin may face validation and trust challenges due to not having a long history.
• High price fluctuations:
  The existence of high fluctuations in the price of IPCoin may be considered as a risk and instability factor for investors.

Wojak

Wojak was inspired by the Wojak meme on social media and is now recognized as one of the most prominent meme coins of the last few years. Wojek's extraordinary popularity on various social media platforms has made it one of the most successful crypto projects. In a very short period of time, Wojek Token has managed to grow by 2500% and has attracted widespread attention.

The launch of this meme coin on the Binance Smart China network, despite its success, did not affect the popularity of this project, and instead of achieving larger goals, it was recognized as one of the best meme coins from the beginning.

The interesting thing about Wojek Token is the goal of the project team. By designing this meme coin, they intend to help traders who have lost their capital in scam projects, scams and emotional markets.

Wojek's logo is also a person's image that depicts the emotional conditions of traders during transactions. This purposeful look of the production team has chosen Wojek Token as one of the best meme coins from the users' point of view.

Read more: What is Wojak? Applications and purchase of Wojek digital currency

Advantages:

• The benevolent intention of the production team:
  The existence of the benevolent intention of the construction team as a moral advantage shows commitment to positive goals and serving the society.
• Transforming the project into a decentralized organization in the future:
  Moving to a decentralized organization in the future shows the decision to improve the management model and ensure the continuity of the project.
• Offering a capital management training course:
  Providing training courses on capital management in financial markets helps users to better understand the risks and opportunities of the market.
• Providing a clear and detailed roadmap:
  Providing a clear and detailed roadmap helps investors to be sure about the future of the project and adds to its transparency.
• Development of the ecosystem to the Ethereum network:
  Ecosystem development helps the Ethereum network and other ecosystems to increase access and diversity of users.

Disadvantages:

• Not clear the founder and developer team:
• Lack of accurate knowledge of the founder and developer team may negatively affect the trust of investors and users.
• Relatively high price fluctuations:
• The existence of relatively high price fluctuations can be considered as a risk factor and instability in the network for investors.

Dodge Elon Mars (ELON)

Dodge Elon Mars with the symbol ELON is seen as one of the best options in the world of meme coins of the digital currency market. This token was inspired by the combination of the theme of space, Elon Musk and digital currencies, and its name was also based on this idea:

• Dodge: Referring to the king of meme coins, Dogecoin.
• Elon: Tribute to the great supporter of memecoins, Elon Musk.
• March: Ascending and shining symbol in space that depicts an attractive and fantasy idea.

Based on this idea, a fictional and fantasy story has also been created in the form of a comic for this project, which provides an interesting experience for the community of this meme coin.

Elon meme coin has been released in Solana, Polygon and Ethereum networks and its total supply is equal to one quadrillion units. This diversity in different networks shows the decision of this project to provide services to a wide range of users and use different technologies.

Advantages:

• Expanding the community in social networks:
  The active and extensive community in social networks helps Dodge Elon Mars to be more successful in accessing information and doing promotions, and as a result, it is better known.
• The possibility of buying and selling in famous exchanges:
  The possibility of buying and selling Elon in famous exchanges such as Hotbit and UniSwap allows users to easily operate in different markets.
• Ability to store in different wallets:
  The ability to store Elon in wallets based on Ethereum, Paligan and Solana allows users to choose the right wallet based on their preferences.
• Ability to stake and stake in the future:
  The launch of staking in the future will allow users to participate as active investors in the Elon ecosystem.

Read more: What is staking? Complete Staking training

Disadvantages:

• Not having specific goals and a defined roadmap:
  The lack of transparency in the specific goals and roadmap may cause the inability to gain the trust of users and investors.
• Not having a specific application:
  Not having a specific and unique application may reduce the attractiveness of Elon for some users.
• Uncertainty of the production team:
  Lack of accurate knowledge of the construction team may make people sensitive to lack of trust and insufficient information about the project.

BabyDoge

Baby Dog is a name that should be added to the list of the best meme coins. This meme coin was launched in 2019 on the BitDegree platform and quickly gained significant popularity among Dogecoin fans. The creation of a 2021 BabyDog on the Binance Smart China network puts it in a relatively good position fundamentally.

BabyDog offers more services than DogCoin with lower fees, faster transactions and greater scalability. This token has been able to grow significantly in a short period of time and owes this success to Dogecoin.

Due to the features offered and rapid growth, BabyDog is recognized as a new gem in the world of memecoins. This success shows Baby Dodge's ability to attract the attention and support of the memecoin community.

Read more: What is Baby Dodge? All about Babydoge currency

Advantages:

• Having loyal and interested members and users:
  The presence of a loyal and passionate community helps to create a strong base for the project and causes its endurance and progress.
• With participatory governance:
  Participatory governance allows members and users to participate in project-related decisions and have more transparency and flexibility.
• Reducing block formation time:
  Reducing the block formation time helps speed up transactions and providing services to users.
• Giving bonuses to holders:
  Awarding rewards to holders helps to increase the participation and interest of users in the project and creates an incentive to keep coins among users.

Disadvantages:

• Not having specific goals in the future:
  Lack of transparency and vague goals in the future may cause lack of trust of users and decrease the attractiveness of the project.
• Not having a white paper and a designated route map:
  The absence of a white paper and a clear path map causes uncertainty about the path and future of the project and may reduce its attractiveness.

Find the best memecoins to invest in

Identifying the best meme coins and choosing one of them for investment requires detailed research and extensive study in this field. For this reason, to find the best meme coins in the cryptocurrency market, you should pay special attention to the following:

• History of the development team
• Purpose of creating the project
• Tokonomics
• Transparency of the project
• Investigation of suspicious cases

Check the history of the development team

By checking the development team of a meme coin, you can be sure of the validity and performance of that digital currency to a large extent. In fact, the credibility, history and reputation of the developers of a network or platform is one of the main factors that determine the future and durability of that project. So choosing the best meme coin for investment should be done based on the records of the founders and the development team of that digital currency.

Of course, keep in mind that the development team of most meme coins are anonymous. But this does not mean that they are not present in the project. In such cases, you should base your decisions on the team's decisions.

Purpose of creating the project

Thinking about the main goal of the project is one of the tips that can help you find the best meme coins. Assessing the main goals and long-term planning of the project developers can give you a clear picture of the future of MemeCoin and its related performance.

Reviewing and reading the project's white paper and following updates on official sites and social networks is a useful approach to gaining a deeper understanding of the goals of a memecoin project.

Read more: What is a white paper? How to read a white paper?

Tokonomics

The way digital currencies are distributed is usually known as the toenomics of that project. When choosing the best meme coin to invest in, it is important to refer to currencies that have a significant portion of their supply under the control of the user community.

In fact, memecoins, with a large portion of their total supply under the supervision and control of their developers, are mostly not considered as trusted assets. Therefore, it is better to choose meme coins whose circulating supply is properly distributed among a limited number of investors.

Transparency in the project

Overall, investing in active cryptocurrency projects when these projects have an open and transparent ecosystem seems like a logical and wise decision. This principle is also important in choosing the best meme coins.

On the other hand, third-party project qualification review companies such as Certik and Hacken are responsible for reviewing the cryptocurrency source code. This review operation ensures the validity and security of the project.

Investigation of suspicious cases in the project

To find the best memecoins in the cryptocurrency market, keep your horizons wide and pay close attention to all the suspicious ones. In this regard, you can consider and check the following:

1. It is not recommended to choose memecoins that come with promises of unreasonable returns.

2. Preferably choose memecoins that are built on reputable blockchains such as Ethereum and Binance Smart Chain.

3. Identify and investigate burnt addresses and suspicious liquidity pools.

4. Try to choose meme coins that have real and valid applications and are supported by valid technology.

Frequently asked questions

Conclusion

Even if you have checked all the conditions and history of the best meme coins and weighed the aspects of the work, investing in this area is still risky. But on the other hand, the high potential of this market in earning profit and income should not be ignored. So, it's up to you to decide whether investing in the best memecoins is a good way to make money based on your budget, needs, strategy and mood!

In this article, we introduced a list of the best meme coins to buy in the crypto market and also discussed the important points of choosing a meme coin. Don't forget to do the necessary research before buying and investing and enter the market by accepting reasonable risk.