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Pepe coin continues to act as “leveraged Bitcoin”, receiving a massive boost from the BTC price’s continued growth.
With the Bitcoin price hitting $68,000 on Tuesday, Pepe has also experienced a substantial bounce. In fact, Pepe coin reached a new all-time high of over $0.000008 with a market capitalization today of $3.25 billion.The frog-based meme coin is now up over 240% in the past week and over 700% in the past month.
Pepe’s extreme bullishness is not an outlier. The meme coin asset class is witnessing a massive bull rally, with Dogecoin, Shiba Inu, Bonk, Floki and Wen, all recording hundreds of percent of growth.
Considering that meme coins are acting as beta bets on their respective blockchain, they should continue to enjoy the spotlight for the rest of the crypto bull market. After all, Dogecoin and Shiba Inu were the two best-performing cryptocurrencies during the last bull run as well.
5 Best Crypto Meme Coins To Buy Next
Meme coins are the most in-demand cryptocurrencies today and are likely to remain that way over the coming years.
However, investors looking to reap the maximum benefits need to diversify their allocation across meme tokens with varying market capitalization. While large-cap tokens are considered safer, low-cap meme coins offer significantly higher returns.
Additionally, investors need to buy meme coins available on different blockchains, with Ethereum and Solana meme coins witnessing the highest demand.
We list the 5 best crypto meme coins to buy now, as advised by experts and smart-money traders.
Dogecoin ($DOGE)
Top meme cryptocurrency Dogecoin is unsurprisingly the first pick for the best meme coins to invest in today. The Dogecoin price is currently trading at $0.16 – $0.18 with a market capitalization over $25 billion.
Not only is $DOGE a relatively safer investment, it could still offer surprisingly high returns on investment, despite its high market capitalization. After all, the Dogecoin price is still 77% below its previous all-time high.
Considering that several analysts project the top meme coin to hit a new all-time high of $1, investors buying today could still enjoy a 6x return on their investment.
Dogecoin is also Elon Musk’s favorite cryptocurrency and the Tesla and X owner could prove to be an extremely bullish catalyst for it – especially if he makes $DOGE a part of his X platform. However, investors may have to wait for Musk to successfully end the $258 billion lawsuit that he is facing for $DOGE insider trading.
In terms of technical analysis, the Dogecoin price appears poised to push towards new highs, considering it has breached its multi-year macro downtrend and is outperforming every crucial moving average indicator. However, it is important for the meme coin to hold above the $0.12 mark.
Floki ($FLOKI)
Floki is another meme crypto that is being backed by smart-money traders as an excellent buy for the 2024 bull run. The Floki price is currently trading at $0.000155 with a market capitalization of $1.4 billion.
Pepe and Floki both secured Binance listings at the same time in May of 2023. However, while the former has already reached a new all-time high, Floki remains 50% below its all-time high, making it an undervalued meme coin.
It won’t however be long before the meme coin hits a new all-time high of its own, considering that it has surged over 450% over the past month and over 300% in the past week alone.
Smart-money traders believe that Floki crypto is one of the most fundamentally sound large-cap meme coins.
Today on Monday, its ecosystem reached a record high $526 million in total value locked (TVL), thanks to its impressive innovative endeavors such as Floki staking and FlokiFi Locker.
Interestingly, its TVL surpasses the combined locked value of Dogecoin, Shiba Inu, Pepe, Bonk and Wif. Considering that over $389 million is locked in Floki staking, it will lead to significantly less selling pressure on $FLOKI than other meme coins.
Meme Kombat ($MK)
Meme Kombat is an ERC-20 token, play-to-earn meme coin that experts believe could potentially offer up to 100x returns in 2024. It is also the first low-cap meme token to feature in our list of best meme coins to buy.
Similar to Floki, Meme Kombat is a high-utility meme coin, featuring trending concepts such as artificial intelligence, staking and blockchain gaming, rather than capitalizing only on hype.
For instance, the project is launching its own gaming platform, showcasing the “battle of meme coins”. The game will feature 11 mascots – each representing a popular cryptocurrency such as Doge, Shiba, Pepe, Floki, etc. The mascots will engage in AI simulated battles, allowing players to bet on their favorite meme token.
More risk averse investors can simply stake their holdings and earn an APY of 90%. Similar to Floki, $MK could experience relatively less selling pressure as 74% of all purchased tokens have already been staked. To further eliminate the fear of scams and rug pulls, the identity of all developers behind the project has been released, including its founder Matt Whiteman.
Owing to its unique value proposition, Meme Kombat has raised over $10 million in its presale. The token is set to launch on March 5th at 1800 CET.
Smog ($SMOG)
Smog is a multi-chain meme coin, available on both Solana and Ethereum and thus benefiting from the growth in both the Layer-1 tokens.
$SMOG was initially launched as a Solana meme coin on February 7th at a listing price of $0.001419. In a span of less than a month, the meme coin is trading at $0.11 – up 7650% – with a market capitalization of $84 million.
However, analysts such as Franklin Emmanuel and Jacob Bury believe that $SMOG could still go much higher, potentially even offering 1000x returns. After all, the project’s motto is “One meme coin to rule them all”. It would certainly benefit from its ambitious airdrop campaign in the regard.
Smog aims to offer the “greatest airdrop in Solana history”, looking to reward 10,000+ holders. Investors simply need to hold $SMOG, register for the airdrop on Zealy and complete daily quests. The project’s roadmap also hints at more airdrop campaigns in the future that could benefit over 100,000 holders.
Investors can purchase Smog with either ETH or SOL – however, ETH buyers are receiving a limited-time 10% discount. They also have the opportunity to stake their tokens and earn 42% APY, in addition to farming airdrop points.
Scotty The AI ($SCOTTY)
Scotty the AI rounds up our list of best meme coins to invest in 2024. It is another high-utility meme coin that is still in its presale phase, in which it has already raised over $2 million.
As the name suggests, this meme coin features innovative usage of advanced artificial intelligence, with its primary purpose being securing the blockchain ecosystem through fraud prevention and anomaly detection. The self-proclaimed “Guardian of the crypto universe” aims to create a secure and trustworthy environment for all participants.
Additionally, it is also set to launch several cutting-edge, AI-powered tools such as Scotty Swap – a DEX that allows for easy trading of $SCOTTY as well as other cryptocurrencies. Similarly, the projects will release Chat With Scotty – an AI-based chatbot that will help investors with their trading strategies by presenting complex market data in a humanized manner.
According to the project’s roadmap, a digital newsletter – Scotty Times – will also be regularly released.
AI tokens are perhaps the most in-demand cryptocurrencies during this bull run. Experts such as Matthew Perry believe that combining the AI trend with memes has made Scotty the AI an excellent buy for 2024. Investors can also stake their tokens and receive lucrative passive income, currently at an APY of 77%.
