Memcoins have catapulted themselves into the trading and financial markets with their hilarious ideas and mascots.
These have become a part of the crypto world, and according to Techopedia, “all memecoins collectively valued at over $17bn at the time of writing, totaling 1.29% of the overall cryptocurrency market.”
Memes have taken the internet by storm, and hence the popularity of these coins has surged.
In this article, we will look at the top 9 popular memecoins that you can buy in 2024.
Top 9 Memecoins 2024
Dogecoin
The world’s first-ever memecoin was created in 2013 as a fun tease of the cryptocurrency trend.
It soon captured many people’s affection because of its amusing appeal and well-known “doge” character.
Though Dogecoin may not have strong technology or practical applications, it has become popular due to excitement from the community and discussions on social media. In 2021, with help from TikTok videos and mentions by Elon Musk, it even momentarily climbed to higher positions in the cryptocurrency rankings.
Shiba Inu
It is the fluffy alternative to Dogecoin’s mascot, which emerged in 2020.
Although Dogecoin is the original memecoin, Shiba Inu has its own unique and fun style.
Its dedicated fanbase, called “ShibArmy,” drives the widespread marketing efforts and maintains continuous excitement about the token.
Unlike Dogecoin, which is not heavy on technology, Shiba Inu has its own independent exchange named ShibaSwap and is making plans for a marketplace for NFTs and a metaverse environment, providing practical uses beyond its fun appearance.
It is a high-growth memecoin with a market capitalization of over $6 billion.
Floki Inu
Floki Inu (FLOKI) is surfing the popularity of memecoins, having a Viking Shiba Inu as its symbol and being supported by an enthusiastic community known as “Floki Vikings.”
Although it has fun branding, it aims to achieve greater significance beyond humor.
The plan for Floki Inu includes different decentralized finance (DeFi) services, such as staking and lending.
It also has a marketplace for NFTs named “FlokiPlaces” and intends to create a play-to-earn metaverse called “Valhalla.”
This emphasis on practical use distinguishes Floki Inu from numerous other memecoins that do not offer much beyond being digital collectibles.
Dogelon Mars
Also called ELON for short, it came into the picture in 2021, combining Dogecoin with Elon Musk’s ambitions to explore space and colonize Mars.
This currency calls itself a kind of money that can be used across galaxies and has attracted many people who like its playful nature and big dreams.
It deploys a governance token called xELON and works on the Ethereum and Polygon blockchains.
The current market cap of ELON is $101 million, but being inspired by the richest man on the planet, it is bound to grow further.
Samoyed Coin
Samoyed Coin (SAMO), launched in 2021, started as a lighthearted memecoin featuring the fluffy namesake breed.
Utilizing the Solana blockchain hype, it quickly evolved into a “community coin,” aiming to support and educate users within the Solana ecosystem.
They built a loyal “Samo Famo” community by fostering learning around crypto investing, organizing community events, and sponsoring Solana events.
Unlike many memecoins lacking use cases, SAMO offers real-world utilities as well.
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Bone ShibaSwap
Bone ShibaSwap (BONE) is different from the usual memecoins that follow popular internet trends.
It started in 2021 and serves as an essential part of the ShibaSwap decentralized exchange by giving its owners true influence and usefulness within the community around Shiba Inu.
BONE tokens are used as votes to suggest and make decisions about updates, new functions, and the way ShibaSwap money is used.
This way of managing things makes BONE different from Dogecoin or Floki because it gives real power over what happens in the system.
Pepe
The legendary meme Frog of the Internet came into the world of cryptocurrency with PepeCoin (PEPE) in 2023.
Different from many other memecoins that just follow what is popular, PEPE has its own special way of doing things.
It says openly that it does not have practical uses or promises about money.
Pepe’s way of doing things with a bit of humor has brought together devoted followers who like its unique appeal and nonconformist attitude. Despite needing strong technical support, it has grown a lot with a loyal fanbase and has a market cap of over $500 million.
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Bonk
It (BONK) was started on the Solana blockchain during Christmas 2022 to challenge the usual dog-inspired memecoins through friendly competition, and it gave away half of its tokens to people already using Solana.
The sudden kindness helped to create a dedicated group of supporters called the “Bonk Army” and caused the BONK currency to grow very fast, even becoming one of the most popular cryptocurrencies by market value for some time.
It has actual applications within the Solana system, as this memecoin is recognized as a method to pay on various platforms, including NFT marketplaces and a decentralized exchange, and it also runs its own play-to-earn game.
ApeCoin
ApeCoin, which started in 2022, is the main source of income for the Bored Ape Yacht Club.
It has practical uses in the BAYC world and gives special advantages to those who have APE.
The owners of this memecoin can decide by voting what will happen next with BAYC group activities, enter games, buy things only available to members, and be part of upcoming virtual reality adventures.
This is a method by which BAYC holders can mold their group and benefit from its expansion.
APE’s worth is connected with how well the BAYC community and the larger NFT marketplace perform.
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FREQUENTLY ASKED QUESTIONS
Dogecoin is the most popular memecoin of all time. Created in 2013, it was the first to poke fun at the growing cryptocurrency trend and became insanely popular in a few years.
Cryptocurrency exchange platforms such as Coindesk and Binance are the best places to buy memecoins. These platforms offer a wide range of memecoins to choose from and provide a secure environment for trading.
Yes, memecoins are forecast to grow at a steady pace. The current market cap of all memecoins combined is $17 billion.
