Memecoins have clearly taken over the cryptocurrency scene in 2024, becoming more than digital coins and emerging as cultural icons. While most of them have no clear use, there’s no denying that they achieved millions in market capitalization. As such, we’ve compiled the top meme coins of October 2024, so you know which memecoins to watch out for.
How We Know Which Meme Coin is the ‘Best’
To guarantee that you’re getting 100% unbiased information, we conducted extensive research and analyzed many memecoins. We also followed some criteria that allowed us to single out the top-performing memecoins.
- Community support: This has always been one of the biggest memecoin investment tips, and we followed it to the letter. The level of engagement of a memecoin’s community is a good way to determine how long it could stay alive. After all, the hype is what’s keeping most memecoins alive.
- Trading volume: Another strategy on how to choose the best meme coin is to consider how much of it is being traded. A popular memecoin will always have thousands of crypto enthusiasts buying and selling it, resulting in a high trade volume.
- Potential: This one needs some foresight, and it involves us evaluating how far the memecoin will go based on what’s happening now. Is the hype surrounding the coin a one-time thing, or is it something that would stick around?
- Price History: This is another important aspect that we consider for memecoins that have been listed. The best memecoins to invest in follow a bullish trend, where they always rise even after falling.
Read also: KamalaPunk Exposed: Why This Flash Loan MemeCoin is a Financial Disaster
Best Meme Tokens to Invest in October
After some tough research, we’ve put together five of the best memecoins to invest in:
- First Neiro on Ethereum (NEIRO)
Neiro on Ethereum (NEIRO) is another memecoin that was born from the legacy of Dogecoin. Unlike its other dog-themed look-alikes, NEIRO actually has a link to Dogecoin. Well, not a link to the coin itself, but to Kabosu (the dog that inspired the coin).
After the passing of Kabosu, its owner, Atsuko Sato, has adopted another, and First Neiro on Ethereum is based on that dog. This emotional connection was quite smart and it drew the attention of many crypto enthusiasts who were familiar with Kabosu. The icing on the cake was when Vitalik Buterin, Ethereum co-founder, interacted with NEIRO, boosting its popularity the more.
As one of the best meme tokens of October, NEIRO currently boasts a market cap of over $395 million. In the past month alone, it has recorded a phenomenal growth of 1000% to trade at $0.0009488.
- Baby Doge Coin (BabyDoge)
Baby Doge Coin is another memecoin that was birthed by the Doge meme community. However, it stands out with its wholesome origins, which is to spread awarness about pet adoption and animal welfare. When you invest in Baby Doge Coin, you’re doing your part in aiding a community that has donated over $1 million to pet charity.
A Baby Doge Coin investment (BabyDoge) allows you to own tokens that can be used on the Baby Doge AI. With this AI, you can create you own doge-themed NFTs, how cool is that!
Baby Doge Coin has also been busy, as it boasts:
- 110+ integrations with other popular platforms
- Baby Doge virtual prepaid card
- Farming as a Service: making yield farming easy
- Free token locker
- Guinness World Record: Most pet food donated in 24 hours
On the charts, Baby Doge Coin shows an impressive 101% rise in the past month alone, showing why its worth your attention in October.
- Moo Deng (MOODENG)
The beauty of memecoins and well, memes, is that they can arise out of anything. Moo Deng is a memecoin that was inspired by an adorable baby hippo with the same name. This Thailand-based baby hippo went viral on social media due to her cute antics and tiny size.
mood going into Friday#moodeng 💖🦛🎀 pic.twitter.com/XM3Zinh2DB
— Moo Deng | Fan Page (@MooDengSOL) October 3, 2024
With the hype, the Moo Deng token (MOODENG) was born, boasting a massive supply of 10 trillion. This token was created to spread endless fun and actually has zero usage. That shouldn’t deter you though, after all, Dogecoin started the same way.
Moo Deng is one of the new meme tokens of October 2024 and its roadmap is simple:
- Q4 2024: Token creation, website launch, community building, and presale.
- Q1 2025: Token launch, setting up the liquidity pool, and trading set up.
- Q2 2025: Marketing, giveaways, and contests.
- Beyond 2025: Meme-driven fun
- Pesto the Baby King Penguin (PESTO)
Celebrity animals of the past got on the front page of the papers, in the 21st century they become a memecoin. Pesto the Baby King Penguin token (PESTO) is a memecoin that was created after a king penguin named Pesto.
Pesto is a king penguin that was born at Australia’s Sea Life Melbourne Aquarium. This penguin was big deal because he was the only king penguin that was born in the past two years at the aquarium.
As the penguin grew, so did its fanbase. It was only when the aquarium threw a gender reveal party for him, that the popularity really took off. Now, the Pesto token is one of the meme coins to watch in October, because its popular and has some fun memes.
- Shiba Inu (SHIB)
The Shiba Inu memecoin (SHIB) needs no introduction, as it’s one of the OGs of the current memecoin scene. This cryptocurrency was one of the first successful copies of Dogecoin, so much that many people termed it the “Dogecoin Killer.’’ As a dog-themed token, the mascot of this coin is the Shiba Inu, a Japanese hunting dog breed.
The Shiba Inu token is a successful experiment regarding what would happen when crypcocurency projects are 100% run by their communities. That’s why its seen as one of the father’s of the memecoin industry.
Despite the fact that this memecoin started as a joke, it has started taking itself more seriously with products like:
- ShibaSwap: A decentralized exchange where you can stake and earn rewards
- Shibarium: Shiba Inu’s L2 blockchain
- Shibacals: A store for Shiba Inu merchandise
- Shiba Eternity: Trading cards based on the memecoin
Shiba Inu is one of the October memecoins to invest in, with its unrelenting popularity and 27.60% increase in the past month.
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