Many people think memecoins are silly digital assets with no real value. Well, memecoins are indeed based on usually silly figures and ideas, but it’s even more true that meme coins can be seriously profitable, making investors up to 1000x return on investments. 

One memecoin has already grown by 7727.6% by just the end of Q1 2024, according to CoinGecko. Just imagine the smiles that coin would have brought to the faces of its investors. That could be you someday, too, but it depends on choosing the best and right method. So how do you know which memecoins are the best? Read on to find out and unleash your inner crypto Warren Buffet with some of the New memecoins 2024 offers.

How To Know Which Meme Coin is the ‘Best’

There’s a massive difference between trading memecoins and trading the ones that can make you wealthy faster than you can say “memecoin.” According to crypto.news, more than 340 memecoins are currently in circulation, but out of that huge sea of memecoins, only a bucketful stands out. So, how do you identify them? 

Community Activity

Memecoins are notorious for having active communities. They are the fun coins, so it makes sense that they have a pretty impressive community presence and activity on social media. 

Community engagement is one of the biggest drivers of demand for memecoin. So, if you are considering any meme coin, get your Sherlock Holmes on and do a deep dive into the community on Reddit and X. If the community has some life, the coin could be worth considering. 

Market Activity

This activity is just as important as the first one. Think of market performance as a fortune teller. Looking at past data and price trend diagrams can give you an idea of how well the coin is positioned for future growth. 

What’s great about crypto is that you don’t have to have a degree in finance to research a coin; all it takes is a quick Google search, and you have all the information at your fingertips.

Roadmaps and Use Cases

Many people think memecoins are just joke coins, but do not be surprised that many of them have real-world use cases. You should check out the memecoin you’re considering for use cases. A good use case may be a green light, and if there’s anything you want to look out for when selecting memecoins, it’s green lights.

Celebrity Endorsements

It could be surprising how far a simple tweet or celebrity affiliation can drive a meme coin's prices. In 2020, Elon Musk famously drove Dogecoin 20% up by typing “one word: Doge.” 

To date, Dogecoin is still going strong. A coin with quality celebrity endorsements is more likely to do well.

Coin Liquidity

While no one expects your memecoins to be flowing around, Liquidity is certainly one of the most important things to look out for when it comes to picking top memecoins to invest in.

One rule in the crypto world is that higher trading volumes usually mean better liquidity levels. The more liquid a coin is, the higher the chance it will be profitable. Ironically, when a coin has little to low liquidity, it may cause what is known as slippage, causing huge losses on investment. 

Best Meme Tokens to Invest

Peanut the Squirrel (PNUT)

Memecoins have been created based on various characters now, and animals are quickly becoming some of the opular meme tokens. Peanut the squirrel became an internet sensation on social media, garnering hundreds of followers and likes, and sure enough, the friendly furry animal got its very own memecoin. 

PNUT has already proven itself as one of the hottest items in the current memecoin market, having grown by 1,626.4% in just one week and quickly surging to a $1.68 billion market cap. It saw a small decline for a while, but overall, the coin has recorded an impressive 2,925.65% increase over the past month. 

One prominent feature driving PNUT’s growth is the new trading pair for PNUT against BTC (PNUT/BTC) listed on Binance. This has given the coin increased credibility, liquidity, and visibility. Currently trading at $1.08, PNUT is paying more than peanuts.

Pepe (PEPE)

Perhaps no human being who has been on the internet for more than five minutes does not recognize PEPE the Frog. Originally created by Matt Furie in 2005 as a cartoon character, PEPE the Frog became the world’s most loved frog, a widely used meme, and eventually one of the best meme crypto tokens today. 

When PEPE became a coin, the internet loved him, and it reached a market cap of $4.7 billion within a year post-launch. Currently trading at $0.00001947, PEPE has already rewarded investors with 5,700% since the coin's launch, and many predict PEPE will pick up a little more pep in its next step.

Dogecoin (DOGE)

Doge is perhaps what you can call the “king of memecoins”. The dog-themed memecoin is the big dog of the memecoin world with a staggering market cap of $52.50 billion despite starting as a joke. 

Doge has been heavily endorsed by the world’s richest man, Elon Musk. The Tesla CEO has even once said, “Dogecoin might be my favorite cryptocurrency.” since then, some of Musk’s companies have accepted Dogecoin payments, granting the coin a significant use case and endorsement all-in-one. With all of these going for Dogecoin, Doge is likely one of those coins you don’t want to dodge. 

Peanut (NUX)

Unlike the previous member of this list, NUX is not related to Peanut the Squirrel, but it is just as exciting and has solidified its position as one of the rising memecoins. NUX’s fame and market performance comes from the battery of his very active community. This memecoin’s community model is based on fun, engagement, and speculative trading. 

With a current market cap of $292.06K and a current price of $0.005841, NUX is one coin to watch as we head into 2025. It deserves a spot on any Top 10 meme cryptocurrencies list.

Shiba Inu (SHIB)

While Dogecoin may be the big dog of the memecoin world, the Shiba Inu is not small either. Due to its highly favorable Shiba Inu price prediction, it has been called the “Dogecoin Killer” many times.

Shiba also started with playful branding, just as many other memecoins did. Still, after finding success and being one of the most vibrant communities in the crypto space, SHIB took things much more seriously. The memecoin project now has a host of other unique projects, such as ShibaSwap and SHIB’s Metaverse initiative. Both of these have packed the coin with more utility and a community that keeps on growing, and you might want to jump in on Shiba Inu as well.

Floki Inu (FLOKI)

One of the many Dogecoin alternatives and a dog-themed meme that packs a bite, Floki Inu, though modeled after Shiba Inu, sets itself apart with a list of features in its ecosystem. While there’s no specific Floki Inu investment guide, the token incorporates everything: a dedicated token ecosystem with DeFi capabilities and many strategic partnerships that have boosted the coin’s visibility.

Currently trading at $0.0002232, with a market cap of $2,162,365,858, Floki is in a good flow and going strong into the new year.  

SafeMoon (SAFEMOON)

SafeMoon is one of the memecoins with potential that is currently grabbing the market’s attention. Even though the coin started as nothing more than one of the trending meme cryptocurrencies, it has remained one of the market’s favorites for a long time. It is viral for being compared to Dogecoin in many SafeMoon vs Dogecoin comparisons. Known for its unique tokenomics and loved for its profitability, SafeMoon is renowned among the popular meme tokens in the market as it pays the holders a share of transaction fees. 

Already placed at a market cap of $30,373,058 and a current price of $0.00005457, SafeMoon is set to be one of 2025’s top coins, and investors are taking note of its vast potential.

The memecoin is saturated with many different coins, including PolitiFi coins and crypto animals, as we like to call them. There are also many approaches to trading and investing in crypto, from playing it safe to going all out. However, the easiest and most stress-free way to make money with cryptocurrency is to pick the best of the bunch and invest in them whether it’s some of the best memecoins 2024 is offering or 2025 coins.

By looking for those things we mentioned earlier in the article, you’re already primed to spot great memecoin investments, and we wish you a great time investing your money.

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