Best Meme Coins to Buy Today

Best Meme Coins to Buy Today

Meme coins were a major talking point and could prove to be one of the cryptocurrency industry’s hottest investment opportunities in the coming months. Admittedly, investor opinion is divided as to how long the meme coin trend will last, but as we shall see, these tokens could have more to offer than first meets the eye.

Meme coins are all the rage in the crypto market. These cryptocurrencies have taken the world by storm with popular public figures backing them for long term viability. While there are thousands of options, getting the best meme coins to buy can be a tad difficult especially if you are new to the space.

What are the top meme coins to buy today? This guide explores some of the top meme coins that will explode and the best platform to buy meme coins with low fees.

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Top Meme Coins to Buy Right Now

Choosing the best meme coin to buy is a little different than choosing mainstream tokens as we have to consider not only the technical particulars of a project but also its popularity and the likelihood that it will see a price run in the near future.

Of course, nothing is guaranteed, but our picks for the top meme coins of today are:

  • Dogecoin – The Original Meme Coin And Musk’s favorite Cryptocurrency
  • Shiba Inu – The Dogecoin Killer, Attracting The Big Whales
  • Baby Floki – DeFi Token That Rewards Current Holders
  • Akita Inu – Offers Cross-Chain Interoperability
  • Samoyed Coin – The Solana’s Ambassador
  • Monacoin – Best Meme Coin For Fast Online Payments And Tipping
  • Dogelon Mars – Top Meme Coin With Great Growth Potential
  • Dogedash – Popular Meme Coin Reward In Play-To-Earn Game
  • Dogs of Elon – Best Meme Token For NFTs
  • Hoge Finance – Auto-Staking Meme Token With Limited Supply

You can buy these top meme coins on the best crypto trading platform, eToro.

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A Closer Look at the Best Meme Coins Today

The list of the leading meme coins below are worth considering adding to your portfolio.

1. Dogecoin – The Original Meme Coin And Musk’s favorite Cryptocurrency

One of the best cheap crypto coins is Dogecoin. DOGE is the original meme coin and is still benefiting from its connection with Elon Musk. In the past, Musk has posted cryptic tweets and expressed his desire to HODL Dogecoin. He has also vowed to launch a satellite funded entirely by Dogecoin, making it the “1st crypto in space.” The value of Dogecoin also surged by 10% when it was announced that Musk had acquired a majority stake in Twitter.

The reality is that Dogecoin still has the biggest online following of any other popular meme crypto token and if it continues to hold favor with Musk, then there is every chance we could see another major Dogecoin price prediction upswing in future. If you’re new to meme coins and looking to dip your toe in the water, then Dogecoin is arguably the best meme coin to buy.

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2. Shiba Inu – The Dogecoin Killer, Attracting The Big Whales

Shiba Inu is one of the best meme coins to buy for the long term. It’s also considered one of the most undervalued cryptos.

Shiba Inu emerged in 2020 and was self-styled as a Dogecoin Killer. Using the familiar Japanese dog breed as its icon, Shiba Inu made no efforts to hide its meme coin credentials and has always been a community-driven project. Admittedly, Shiba Inu didn’t quite manage to topple Dogecoin, but it did see a somewhat impressive price run in 2021, surging in value by over 21,000%.

Such significant price movement has done wonders for Shiba Inu’s price profile and so it is now one of the most well-known and leading meme coins out there. But Shiba Inu has also made some impressive developments – launching its own proprietary DEX as well as additional staking protocols to allow holders of SHIB to earn more crypto. According to its website, the Shiba Inu project will soon enter the Metaverse, with virtual real estate platform Shiba Lands. Making the digital asset one of the best meme coins to buy this year.

If you want to invest in cryptocurrency and are looking for the most promising meme coin, we recommend SHIB.

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3. Baby Floki – DeFi Token That Rewards Current Holders

Baby Floki is another relatively new meme cryptocurrency. Baby Floki is one of the meme coins that successfully captured and rode Elon Musk’s influence on the crypto market. Baby Floki is named after Elon Musk’s puppy, Floki.

Thanks to this association, Baby Floki tends to pump whenever Elon Musk tweets about his pup. Baby Floki is also deflationary, which means the more people use it, the higher its chances of gaining in value.

At the moment, the Baby Floki meme token is trading at $0.00000000020. Analysts are pretty bullish on Baby Floki and expect it to trade at $0.0000000007 by 2030.

For such potential gains, BABYFLOKI is a meme coin worth keeping an eye on in 2023 and beyond.

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4. Akita Inu – Offers Cross-Chain Interoperability

Akita Inu is another best meme coin, named after a slightly different breed of Japanese dog, that styles itself as the ‘little brother’ of Dogecoin and Shiba Inu. However, it isn’t lost on us that the Akita Inu is actually a bigger dog than the Shiba…

Akita Inu has focused on community from the outset. According to its website, the developers behind Akita Inu wanted to build a community first, then work to turn their meme coin into a fully-fledged cryptocurrency with “various use cases”.

The meme token is built on Ethereum and shares many similarities with Shiba Inu. However, the Akita Network has announced that it has bridged to Avalanche and so now offers cross-chain interoperability.

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5. Samoyed Coin – The Solana’s Ambassador

Samoyed coin is another part of the list of meme coins that you should watch closely.

Launched back in April 2021, Samoyed Coin is a meme coin built on the Solana blockchain. The meme token was set up by Solana co-creator Anatoly Yakovenko and owner of the FTX crypto exchange, Sam Bankman-Fried. The leading meme coin, which incidentally is named after another breed of dog, this time from Siberia) was set up with the sole intention of fostering an online community that would help Solana appeal to the masses.

SAMO is touted as having superior tokenomics and more transparency than other leading dog coins. The developers behind the token also claim that it is able to offer faster, cheaper transactions than its Ethereum-based peers. Samoyed Coin is effectively designed to be an outreach program – a marketing tool that will help onboard new users and increase uptake of the Solana blockchain. It seems to have been reasonably successful so far, and SAMO is currently amongst the top five tokens in terms of market capitalization.

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6. Monacoin – Best Meme Coin For Fast Online Payments And Tipping

MonaCoin is one of the older meme coins out there, dating back to 2013 (the same year Dogecoin launched) and breaks the mold somewhat in that it uses a cat as its mascot. The token was launched in Japan and gained a fairly big following off the back of a television ad campaign.

Being an older token, Monacoin meme coin is very similar to Dogecoin in that it is a fairly simple value-exchange system that uses a proof-of-work consensus mechanism. And, much like Dogecoin, Monacoin has carved out a niche for itself as a preferred cryptocurrency for tipping online. Once again, the crypto project has focused on building a community and, whilst it is undoubtedly most popular in its native Japan, it has now started to get more attention worldwide.

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7. Dogelon Mars – Top Meme Coin With Great Growth Potential

It’s fairly easy to work out the associations of Dogelon Mars from its name. The project was unashamedly set up to ride the coattails of Dogecoin and the support it received from Elon Musk. The website features the following call to action: “I am Dogelon. Dogelon Mars. Join me and together we will reach the stars.” Again, this says a lot about the project’s objectives.

What makes Dogelon Mars (ELON) stand out is that it is not trying to be anything else. It has built its project around a cartoon character and even has its own comic strip. Dogelon Mars aims to build a community to replicate Dogecoin’s success, plain and simple. It’s been included in our list because it has quirky branding that could appeal to the younger online crypto crowd.

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8. Dogedash – Popular Meme Coin Reward In Play-To-Earn Game

Dogedash meme coin brings something a little different to the table. Whilst it has positioned itself well within the top meme coin trend, Dogedash is actually a play-to-earn game that allows users to earn the DOGEDASH cryptocurrency. It was set up by Grammy-nominated creative director Paul Caslin and the team behind it features some top names in the gaming and crypto worlds.

The game itself is fairly simple. It involves a cartoon dog running along a screen and users have to help it overcome obstacles and collect power-ups as the game progresses. This game format has proven hugely successful over the years and DogeDash is seemingly hoping to cash in on the meme coin trend along with people’s appetite for nostalgia. Given that play-to-earn gaming has been going from strength to strength in recent years, we think DOGEDASH could definitely be a meme coin to watch in the near future.

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9. Dogs of Elon – Best Meme Token For NFTs

Another meme coin evoking Elon Musk with its name, the Dogs of Elon is actually a pretty unique project in the meme coin space. It aims to be a rival to the NFT CryptoPunks platform, by providing its own collection of over 10,000 NFTs for sale on the OpenSea marketplace. Dogs of Elon also features a quirky 8-bit style play-to-earn game. According to the website, Dogs of Elon is seeking to “unify all meme communities”.

So why is Dogs of Elon on our list? The project has several developments in the pipeline, including the launch of its own proprietary Dex which will allow DOE holders to stake their tokens. The platform is also aiming to launch its own NFT marketplace and further down the line it has teased many other promising updates. We think these updates could do a lot to boost Dogs of Elon’s profile and could well drive up the price of its DOE token.

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10. Hoge Finance – Auto-Staking Meme Token With Limited Supply

Hoge Finance meme token was launched in 2021 and is essentially a DeFi auto-staking platform built on the Ethereum blockchain. On the surface, it looks similar to most other meme tokens, with easily identifiable branding as well as its own NFT collection. Of course, these features are essential for any project that is seeking to build a strong community.

What makes Hoge Finance stand out from the other tokens on this list is its tokenomics, which, much like Safemoon, effectively rewards people for holding HOGE. Firstly, the initial supply of 1 trillion HOGE is the total supply. There will never be more tokens minted. The platform also levies a 2% ‘tax’ on all transactions. Of that, 1% is burned and the other 1% is distributed among HOGE holders. This means that HOGE is also a deflationary currency that will become scarcer as time goes on.

What Exactly Is A Meme Coin?

In the simplest sense, meme coins are tokens that are inspired by internet memes. However, if the latest token names are anything to go by, the trend arguably now centers around a combination of an old meme of a Shiba Inu dog and, to some extent, Elon Musk.

Meme coins are undoubtedly one of the strangest phenomena to come out of the cryptocurrency market. The trend started with Dogecoin and was originally something of a joke. Back in 2013, the buzz around the cryptocurrency market was huge, as by then Bitcoin had made the first crypto millionaires. Dogecoin was created by software engineers Billy Markus and Jackson Palmer as a way of satirizing the wild speculation that surrounded the cryptocurrency market at the time.

However, despite being set up to poke fun at the big players, Dogecoin has gone on to become one of the biggest names in the industry, at one point edging its way into the top ten tokens in terms of market capitalization.

There has also been a slew of other meme coins coming to the market and some, including Shiba Inu and Safemoon have also made an impact. At the time of writing, there are more than 250 meme coins in existence.

Investing In Meme Coins

Investors are wary of meme coins, that’s for sure. They have been described as little more than short-term fads driven entirely by popularity, with no genuine value or real-world use cases. They are also noted for their high volatility. However, which of these things has not also been said of Bitcoin? Realistically, the original cryptocurrency gave up any pretense of being a digital alternative to cash a long time ago. As such, its price is now largely driven by investor sentiment.

This is an important point to note, too. Bitcoin cannot boast the performance statistics of the latest smart chains like Cardano and Solana, but it continues to be the number one cryptocurrency on the planet. Therefore, we’d argue that the case against meme coins isn’t quite as open and shut as some would have you believe. If these tokens maintain their popularity, then there’s every chance that we will continue to see these sudden price spikes.

It’s also worth pointing out that, despite their lighthearted origins, many of these tokens are based on solid technical fundamentals. Dogecoin, for example, was based on the Litecoin blueprint.

However, it is also important to note that the hype surrounding meme coins has only been of any real significance since 2021. At this stage, it is still very much a ‘trend’. As such, it’s important for investors to consider the USP and technical advantages of each project, rather than go by their current popularity.

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What Makes A Meme Coin Valuable?

Branding is everything when it comes to meme coins. If we consider memes themselves, then despite there being thousands – probably millions – circulating online, only a few of them have become certified classics. The same is true of meme tokens. In order for them to be successful, they must strike a chord with their target audience and foster a community that can gather significant momentum.

To some extent, potential investors can simply use their judgment. If a meme coin looks like it has good branding and the potential for widespread appeal, then this alone can make it worth considering. Ultimately, there is only room for a handful of meme coins to reach the same levels of notoriety that Dogecoin has, it’s just a case of finding which ones.

Are Meme Coins A Good Investment?

When it comes to meme coins, it is important to remember that meme cryptos are riskier investments than stable cryptocurrencies.

Experts believe that Dogecoin and Shiba Inu meme coins have good prospects in 2023. While analysts expect some tokens to perform well, you need to be aware that in the crypto market, things can turn in an instant.

It is not uncommon to wake up and find cryptocurrencies down by 40% or more. All it takes is some negative news and the market tanks. However, this unpredictability of the cryptocurrency market makes high potential meme coins good buys. Since they tend to pump hard and fast, it is possible to make and lock in a good return on investment before the market starts going against you.

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 How To Buy Meme Coin As A Beginner 

The process of buying meme coins is easy and straightforward. Here are the steps you need to follow to buy your first meme coin:

Step 1: Register with a crypto exchange

You will want to start by identifying a meme coin trading platform and registering a crypto trader account there. Of the two types of crypto exchanges available today, centralized and decentralized. While centralized exchanges list the more popular meme coins like Dogecoin, decentralized exchanges list new cryptos and emerging tokens.

Nevertheless, they all have rather straightforward onboarding processes and do not ask for too much of your personal information. Most decentralized exchanges won’t even ask for identity verification, especially if they do not process fiat deposits.

But there are a few factors you need to consider when choosing a meme coin exchange. For starters, confirm that it is easy to use and has an intuitive interface. That its trade execution is fast, has no history of slippage, is easily navigable, and features all the basic trading and risk-management tools.

You will also need to confirm the cost of buying meme coins on the exchange. Check out all the fees and commissions – as well as possible hidden charges – maintained by the exchange. Confirm the impact they have on your profitability.

Only register with a meme coin exchange with the most user-friendly platform with competitive fees.

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Step 2: Fund your account

After creating the user account, you will now need to deposit funds that you will use to buy meme coins.

Different exchanges support widely varying payment methods. Centralized exchanges like eToro, for instance, will let you buy a joke currency with credit/debit cards, bank wire, and eWallets. Decentralized exchanges like Pancakeswap, on the other hand, will only allow you to buy a meme coin with another crypto coin.

Your preferred exchange will provide you with a list of the supported payment methods or digital wallets that you can link to their platforms. Choose one and make the deposit.

Further below in this article, we will highlight a few of the best places to buy meme coins today and list their supported payment methods.

Step 3: Identify the meme coin to buy

This is the trickiest part. After witnessing the explosive value gain posted by the likes of Dogecoin and Shiba Inu throughout 2021, you, too, must be looking for a meme coin that can mirror such growth in 2023.

But how do you find the next Shiba Inu or the next Dogecoin?

Here are a few pointers:

  • Go for a popular newcomer meme coin, especially on popular social media platforms like Reddit, Discord, Twitter, and Telegram.
  • Check the legitimacy and track record of the meme coin’s development team and only consider meme tokens created by a solid and highly reputable team.
  • Ensure that the meme coin has a large or fast-growing and robust community of supporters. Given that meme coin values are driven by sentiments, a significant following is needed to positively hype the token and ramp up demand.
  • It is also an added benefit if the meme coin has already scored celebrity endorsements.

Step 4: Decide on the type of buy order

You could decide to buy the meme coin right away at the current market price by opening a market order. This type of buy order is only advisable if you are buying the meme coin early on or if every forecasting indicator points to an impending bull run.

Alternatively, decide on the price you wish to buy the meme coin for and open a limit order. This is to say that the buy order will be fulfilled if anyone in the market decides to dispose of their meme coin holdings at the price you specified.

If you don’t think the coin will blow up any time soon but still want to add it to your crypto basket. Use DCA (dollar-cost averaging). Buy small amounts of the meme coin at irregular intervals when the joke coin prices dip.

Step 5: Buy meme coins

Now that you have decided on the best meme coin exchange, funded your trader account, and figured out the best strategy to invest in meme coins, place the order and start accumulating meme coins.

Most exchanges will provide you with a free online digital wallet where the private keys for the purchased tokens will be deposited. You, however, are free to withdraw them to your preferred third-party wallet.

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Step 6: Constantly monitor the meme coin market activity

You probably are aware that meme coin prices are massively volatile. Most have had their value dip to zero, especially if they were rumored or confirmed to be scams. In most instances, these coins had posted incredible price gains before suddenly crashing, which says that no meme coin is immune to such volatility.

A perfect example here is the Squid Game meme coin that rallied 230000% to reach $2800. On 2nd November 2021, however, this crypto asset 100% of its value, crashing to zero in less than 10 minutes after its developer cashed in its liquidity pool.

Note, also, that much of the meme coin hype is also short-lived. While some meme currency prices may not crash to zero, they often get to a point where all their price-driving features are priced in, at which point their value stagnates and buyer activity drops significantly. It becomes increasingly difficult to dispose of your holdings.

Monitoring the meme coin market activity keeps you updated on any news that may trigger a price crash. The last thing you need is to be the one left holding the bag when the coin price crashes or stagnates.

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How To Find The Best Meme Coins

So, if you are looking to buy the best meme coins right now, you can start by checking out any of these trading platforms. Amongst all your options in this area, we recommend a few brands, and their success speaks volumes about how reliable they are.

  • eToro – is one of the best cryptocurrency trading platforms for beginners and pro traders.
  • Coinbase – An equally good crypto exchange with a beginner-friendly interface.
  • Binance – A good option for newbie traders looking for variety in meme coins.

If you are a beginner cryptocurrency trader and aren’t sure of where to buy meme coins, eToro is one of the best exchanges to use. It has a variety of coins and tokens that you can trade, it is also one of the safest platforms for trading crypto. That’s because it is regulated by financial regulators in key jurisdictions such as the UK, US, and Australia.

eToro also gives you access to many resources that you can use to learn how to become a better trader and maximize your profits. With eToro, you can become a pro-trader in record time.

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Conclusion

There’s no denying it, investing in meme tokens is a risky business. But many of the projects above boast just as many real-world credentials as many other top cryptocurrencies and many of them have quickly been able to build loyal followings online – which is certainly a good sign when it comes to meme coins.

Realistically, the cryptocurrency market is all about momentum. If a cryptocurrency can generate enough buzz and maintain a high profile, then there’s every chance it can offer returns for investors–Dogecoin is living proof of this.

However, picking a winner is not easy. The communities supporting Dogecoin and Shiba Inu have demonstrated their ability to drive prices sky high, but many of the tokens on our list are unknown quantities–buying these tokens is effectively a bet that they will trend in future.

Celebrity endorsement also appears to have a much bigger influence on meme coin prices than on more mainstream tokens. Once again, it’s very difficult to predict if and when a major figure (such as Elon Musk) might issue a comment on a project that drives its price sky-high. It’s also equally possible that negative publicity or criticism will drive prices down.

Where To Buy Meme Coins

If you’re looking to buy meme coins, then you’ll need to find a broker or exchange that can give you access to the cryptocurrency market, as well as a wallet to store your tokens. Given that tokens are built on different platforms, it’s possible you may need more than one wallet. Similarly, the lesser-known meme coins are often not listed on major exchanges so you may need to open more than one trading account.

For a good place to start, we recommend opening an account with eToro. Not only is it one of the leading exchanges on the market, but it also lists several top meme coins, including Shiba Inu, Dogecoin and ApeCoin. This makes the platform ideal for those looking to start adding meme coins to their portfolios.

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FAQs on Best Meme Coins

What is a meme coin?

Meme coins are cryptocurrencies that are inspired by memes. Whilst this can be any meme, most of the top tokens follow a similar theme–based on a Japanese breed of dog called Shiba Inu. The original meme token, Dogecoin, started life as a joke, but it has gone on to become one of the most well-known cryptocurrencies and now, almost nine years after its launch, it remains a top tier cryptocurrency in terms of market capitalization.

Is Dogecoin finished?

Many people have made the mistake of thinking that Dogecoin was finished throughout the years, but 2021 proved that this token still commands a huge following and its ongoing support from Tesla billionaire Elon Musk suggests that the old dog could have a few new tricks left to play.

Are meme coins a good investment?

Meme coins have demonstrated their ability to undergo significant price hikes – sometimes overnight. They have also become one of the biggest trends in the cryptocurrency space over the last year or so. However, these are risky investments and it can be difficult – if not impossible – to guess which the next big success story will be.

Whilst Dogecoin remains the top meme coin, it will ultimately be the communities supporting these tokens that make the difference. Meme coins should be included in a diversified portfolio that also includes lower-risk investments.

How do I buy meme coins?

Meme coins can be bought and sold on cryptocurrency exchanges the same as any other token. However, you may find that the newest meme coins are not as widely listed as some of the bigger names out there. We recommend eToro as a good starting point, as it lists several popular meme coins and is never slow to add new tokens to its books.

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Virtual currencies are highly volatile. Your capital is at risk

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