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HomeCrypto NewsMarketTop 10 Memecoins to Buy in 2024

Top 10 Memecoins to Buy in 2024

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With thousands of memecoins in the crypto market today, we have streamlined the top 5 to consider holding in 2024.

Buying cryptocurrency is a very speculative move when done blindly. The fact that the asset class has a high level of volatility makes regulators and investment advisors advocate caution when considering placing a stake in the industry. 

Betting on memecoins is an even riskier venture as these tokens are highly susceptible to manipulation, thus boosting their volatilities. This is why proper information is key before choosing to invest in any memecoin. 

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While the ultimate decision to bet on any memecoin lies with the investor, knowing some of the best memecoins based on their history, value proposition, community, and future potential is important. This is the purpose of this article.

Let’s dive right in.

Top Memecoins to Buy

Dogecoin (DOGE)

Dogecoin is a Shiba-Inu dog breed-themed digital currency that pioneered the memecoin revolution as seen today. Though the memecoin is well capitalized with a market valuation of $14,480,397,285, its price is still relatively low at $0.1019. 

Dogecoin has an established community and big proponents with the biggest influencers including Elon Musk and Mark Cuban. The coin’s longevity proves it is here to stay and might offer the best stability for memecoin investors in the coming year.

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Shiba Inu (SHIB)

Shiba Inu came into the market as a disruptive force in a grand quest to displace Dogecoin. While it has not succeeded in achieving this per market capitalization, it has recorded some impressive milestones that have made it a dominant force in the memecoin world today.

It launched Shibarium, a layer-2 scaling solution built on Ethereum in August. After many improvements, Shibarium is now gaining the right traction as it has recorded over 67 million transactions thus far. 

Shiba Inu should also be on the list of memecoins to buy for its aggressive deflationary push which is set to gain new momentum with Shibarium. Shibarium is worth $0.00001032 at the time of writing.

Floki

Floki is also a promising memecoin that has attained stability in relative terms. Worth $0.00004207 at the moment, Floki has also made a crucial pivot per its utility through its tokenization outfit TokenFi (TOKEN).

While TokenFi has not launched yet, the prospects are visibly riding on the impressive community enthusiasm generated when it introduced the new venture.

BONK

Bonk is a Solana-based memecoin that came into the limelight earlier in the year. Priced at $0.00001418 at the moment, BONK has the first-mover advantage in the Solana ecosystem and is likely to sustain its dominance in the network.

Bonk’s appeal is in its underlying mission which is to help return liquidity to Solana-based decentralized exchanges.

XMEME

XMEME is an incredible memecoin newbie that has shown good potential since its emergence. Based on the XRP Ledger (XRPL), XMEME is gathering a community of ambitious degens who maintain optimism that XRPL can also pull wonders when it comes to supporting the top memecoins projects.

While still in its infancy, interested investors may need to consider its deflationary plans through aggressive burning before deciding whether to pitch tents with XMEME or not.

Pepe Coin (PEPE)

PEPE made its grand emergence into the digital currency world earlier this year, bringing an entirely new theme to memecoins. As a frog-themed meme project, PEPE recorded an instant appeal to a wide audience and this contributed to its growth boost weeks after launch.

PEPE has been recording impressive surges in recent times and at the moment, the token is priced at $0.000001433 with a market capitalization of $598,294,262. PEPE is the fourth largest memecoin in the industry and has an established community backing it.

Snek (SNEK)

While the most popular memecoins are resident on Ethereum (ETH), Snek defies the order and brings the hype to the Cardano. The memecoin was designed to reward its community with 0% allocation to the team.

As far as the Cardano protocol is concerned, Snek is one of the most established memecoins with a market capitalization of $148,281,562 and worth placing on watchlists.

Milady Meme Coin (LADYS)

Milady Meme Coin rose to fame earlier in the year when Elon Musk posted a meme that degens in the crypto world quickly attributed to LADYS. While the team behind the memecoin project has not released a game-changing development update in recent times, the token is a sleeping giant that can pull surprises ahead of the next bull cycle.

Milady’s price is $0.0000001436 and the market cap is pegged at $105,483,134 making it one of the cheapest memecoins around today.

Baby Doge Coin (BabyDoge)

Baby Doge Coin is one of the most established memecoins in the industry with promising fundamentals. This memecoin was created to spread awareness about Animal protection while building on the legacies of DOGE in terms of transaction speed and low cost.

Baby Doge Coin has also created a decentralized AI image generator that seeks to compete with existing alternatives today. This fundamental, coupled with its deflationary approach makes it a top memecoin to watch for future growth.

Priced at $0.000000001579, Baby Doge Coin boasts a market capitalization of $226.31 million.

Bad Idea AI (BAD)

Bad Idea AI is a token associated with the Shiba Inu ecosystem. The project is considered one of the key partners of Shiba Inu and its value proposition is still under intense evolution. However, BAD seeks to pioneer a decentralized ecosystem that combines blockchain, AI, and DAOs in what it is described as a “risky, meme-worthy concoction.

With a price of $0.00000002939 and a market cap of $15,584,891, BAD might just be getting started.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Author

Godfrey Benjamin
Godfrey Benjaminhttps://thecryptobasic.com/
Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web3.0. His love for crypto was birthed when as a former banker, he discovered the obvious advantaged of decentralized money over traditional payments. With his vast experience covering different aspects of Web3, Godfrey's articles has been featured on Blockchain News, Cryptonews Com, and Coingape amongst others. When not writing contents related to crypto, you can find him playing video games.

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