6 best new meme coins to buy in January 2024

Our experts pick the 6 top meme coins to invest in that combine strong foundations, unique tech and the highest upside for the future.
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Updated: Nov 15, 2023
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With so many different crypto projects available today, it’s never been more important to invest in the best crypto tokens. Pick wisely and you can make 10x or more on a meme coin, but poor quality projects can flop during crypto’s notorious winters.

We’ve picked out the 6 top meme coins with the most potential to help you make the best investment decisions. Compare the most popular meme currencies with the latest projects to find the 6 best meme tokens to buy today.

6 top meme coins to buy now

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  1. Memeinator: Best for leveraging AI & social hype into regular price rises
  2. Shiba Memu: Best for guaranteed price rises every day
  3. Dogecoin: Best for investing in the original meme coin
  4. Shiba inu: Best meme coin for a 'Dogecoin Killer' with genuine utility
  5. Baby Doge: Best meme crypto for a faster and cheaper crypto than the original Doge
  6. Dogelon Mars: Best for an intergalatic meme coin with a strong name brand

Summary of the best meme coins

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RankTop meme coinsSymbolPriceMarket cap
1MemeinatorMMTR$0.0118$809,956
2Shiba MemuSHMU$0.012$294,505
3DogecoinDOGE$0.07$10.16bn
4Shiba InuSHIBA$0.000007$4.63bn
5Baby Doge coinBABYDOGE$0.00000000151$2.3bn
6Dogelon MarsELON$0.000000178571$98.15m

Detailed reviews of the best meme coin list in 2024

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1. Memeinator: Best for leveraging AI & social hype into regular price rises

MMTR/USD
  • Symbol: MMTR
  • Market cap: $794,789
  • Current price: $0.0118
  • Founded: 2023
  • Whitepaper

Overview

Memeinator is a next generation meme coin, designed to destroy all other memes by attracting investors with a powerful marketing campaign and a host of exciting perks. During the Memeinator presale, early investors benefit from guaranteed price rises every at regular intervals. From there, the goal is to reach a $1bn market cap, then to become the biggest meme in the world.

The path to that destination is littered with intriguing product upgrades to give MMTR tokens a variety of use cases. A staking protocol is part of the early stage launch, while the Memeinator game and NFTs follow soon afterwards. All of these provide utility for the MMTR token, increasing demand and driving up the value.

This desire to create real use cases for the Memeinator token is part of what makes it stand out compared to other memes, where there is little to no practical reason to hold the coins. Likewise, the developers moved early to have the project audited by third party blockchain security experts, Solid Proof. Robust security along with practical value makes Memeinator one of the top investment options this year.

Key features

Regular price increases throughout presale A meme token with utility, in staking, gaming, and purchasing NFTS Audited by third party security programmers

Key negatives

Very early in the project's development

77% of retail CFD accounts lose money.

2. Shiba Memu: Best for guaranteed price rises every day

SHMU/USD
  • Symbol: SHMU
  • Market cap: $1,189,213.41
  • Current price: $0.015
  • Founded: 2023
  • Whitepaper

Overview

Shiba Memu is a revolutionary meme coin that harnesses the power of AI software to learn from successful marketing strategies and effectively promote itself across various forums and social networks. As Shiba Memu continues to evolve, the token becomes increasingly intelligent and influential to establish itself as a prominent player in the cryptocurrency market.

Shiba Memu is one of the best cryptos to buy in 2024 and brings a range of advantages, including return on investment, self-sufficiency, and transparency. By leveraging the potential of AI to augment its marketing capabilities, Shiba Memu works 24/ to learn from successful strategies, improve them, and promote itself across a range of media.

Shiba Memu stands out from other projects in a crucial way; the token’s price increases every day at 6 pm GMT during its 8-week presale. Although the extent of the price increase may vary, the token’s value is projected to more than double throughout the presale.

Key features

The SHMU price increases every day at 6pm GMT The project uses AI technology to create successful marketing strategies A staking program allows you to earn rewards by contributing to the token's marketing efforts

Key negatives

Still in the early stages of development

77% of retail CFD accounts lose money.

3. Dogecoin: Best for investing in the original meme coin

Doge on Pulsechain
  • Symbol: DOGE
  • Market cap:
  • Current price: $0.000000001481
  • Founded: 2013
  • Whitepaper

Overview

Dogecoin is a cryptocurrency that originated as a lighthearted and meme-inspired digital asset, featuring the Shiba Inu dog from the “Doge” internet meme as its logo. It’s the original meme coin, and now serves as a digital currency that can be used for various online transactions.

Despite being created as a playful and fun crypto project, Dogecoin has gained significant popularity, partly due to its meme origins but also because of high-profile endorsements, most notably from Elon Musk. This has made it recognisable and even led to it being accepted by online platforms and merchants, such as Tesla (at least in theory).

DOGE, like other meme coins, is most commonly used for tipping content creators and supporting charitable causes, but it can be used to make online purchases as well. The vast majority of DOGE holders own it as a speculative investment, hoping to profit from potential price appreciation in the future.

Key features

Dogecoin has fostered a unique and inclusive community known for its generosity and lightheartedness Elon Musk has become inextricably linked with Dogecoin, and his role in Twitter means there’s hope it could become a means of payment on that social network Dogecoin has been used to support charitable causes and promote positive social initiatives

Key negatives

Dogecoin doesn't have too many uses at the moment

77% of retail CFD accounts lose money.

4. Shiba inu: Best meme coin for a 'Dogecoin Killer' with genuine utility

NicCageWaluigiElmo42069Inu
  • Symbol: SHIB
  • Market cap:
  • Current price: $0.000170374130
  • Founded: 2020
  • Whitepaper

Overview

Another canine-themed cryptocurrency, Shiba Inu was launched in August 2020 by an anonymous person known as Ryoshi. The project is described as an ‘experiment in decentralised spontaneous community building.’ The token has also been declared the ‘Dogecoin killer’ by the Shiba Inu developer team.

Following in the footsteps of Dogecoin, Shiba Inu token has managed to latch onto a lot of the meme coin hype driven by Musk. In fact, before his Saturday Night Live TV appearance in 2021, the coin surged in value by more than 300%, so a single Shiba Inu token was worth $0.0000034, at that point it’s all time high, demonstrating its potential for lucrative gains.

Running on the Ethereum blockchain, the Shiba token has secured major listings on both Binance and Coinbase. In addition, the project’s very own decentralised exchange (DEX), ShibaSwap, has become a popular place to exchange tokens, stake SHIB coin, and farm for BONES – a new token.

Key features

An active community has backed the coin since the very beginning Shiba has its own decentralised exchange, ShibaSwap It’s trying to create its own ecosystem, fuelled by the Shiba token

Key negatives

There's no cap on Shiba tokens so inflation can wipe away your value

77% of retail CFD accounts lose money.

5. Baby Doge: Best meme crypto for a faster and cheaper crypto than the original Doge

BABYDOGE/USD
  • Symbol: BabyDoge
  • Market cap:
  • Current price:
  • Founded: 2021
  • Whitepaper

Overview

Baby Doge Coin was created by fans within the Dogecoin community, and its stated aims are to improve transaction speeds and increase ‘adorableness’. It’s essentially a Dogecoin-lite, trying to ride on the coattails of its better-known namesake.

BabyDoge has a 5-second block time compared to Dogecoin’s 60 seconds, meaning it is more scalable and gas fees are generally cheap. However, whether BabyDoge can ever truly emerge from under the shadow of DOGE remains to be seen.

Baby Doge Coin is a hyper-deflationary meme coin with an integrated smart staking system. Essentially, what this means is that more BabyDoge is added to each holder wallet over time, through a 5% fee on transactions.

Key features

Hyper-deflationary token, with regular token burns built in Faster and cheaper than Dogecoin Has its own staking system where you can earn rewards

Key negatives

May struggle to ever outperform Dogecoin

77% of retail CFD accounts lose money.

6. Dogelon Mars: Best for an intergalatic meme coin with a strong name brand

T-rexUnicornUFOSushiWomanSmokingAtomInu
  • Symbol: ELON
  • Market cap:
  • Current price:
  • Founded: 2021
  • Whitepaper

Overview

Dogelon Mars is a meme coin named after Elon Musk and his mission to take mankind to Mars. When it was launched in April 2021, the coin’s maximum supply of 1 quadrillion ELON coins was distributed – 50% to Ethereum founder, Vitalik Buterin, and 50% locked into the Uniswap liquidity pool.

Though Dogelon Mars promises to create an ‘intergalactic currency,’ the sort of vague mission statement that investors and traders have come to expect from meme coins.

While obvious use cases, tokenomic advantages, and technical innovation aren’t strong suits for ELON, where the project has excelled has been its marketing strategy. Using WhatsApp, Telegram, Twitter and Instagram, the project has managed to establish a 650,000+ strong community.

Key features

Highly active community across social media channels It’s named after Elon Musk, who loves to get involved in meme coins online There’s a fixed maximum supply

Key negatives

Heavily reliant on Musk's attention May have had its moment

77% of retail CFD accounts lose money.

What are meme coins?

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Meme coins are a type of cryptocurrency that gain popularity primarily due to their association with internet memes and viral content. These coins often have lighthearted branding and marketing strategies that leverage internet culture and community engagement. Many meme currencies are ‘dog coins’, named after breeds of dog in imitation of Dogecoin.

Meme coins often rely on social media platforms, such as Reddit, Twitter, or TikTok, to promote a meme coin frenzy and provide hype for investors to buy into. They draw their inspiration from online memes and market themselves in the same way, through humorous or relatable shareable memes that spreads rapidly across online platforms.

Often meme coins have no practical purpose at all, they’re simply fun communities and tools for speculation. Occasionally, they do develop their own use cases as a result of all the interest in their token.

How many meme crypto coins are there?

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There are thousands of popular meme coins, although there are only a handful that genuinely drive enough engagement to be worth investing in. Many meme coins are created simply to take advantage of a particular name, or to latch onto a newsworthy event, then fade into obscurity.

How to find the best new meme coins

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Finding the best memecoins can be challenging due to their volatile and speculative nature. While it’s important to exercise caution, here are some things to consider when looking for promising meme coins:

  • Memetic potential. Look for the next meme coin projects that have unique and catchy branding, creative marketing strategies, or strong ties to internet culture. Memetic appeal – essentially how likely it is to go viral – can contribute to the project’s visibility and community engagement. This is what has made coins like Dogecoin and Shiba Inu into the best meme coins.
  • Community sentiment and engagement. Evaluate the level of community involvement and sentiment surrounding a meme coin. Look for active and supportive communities on social media platforms, such as Reddit or Discord. Engage with the community to gauge their enthusiasm and commitment to the project, as this is the key to a fast growing meme token.
  • Token utility and ecosystem. Assess the meme coin’s token utility and its potential to provide value within its ecosystem. Many meme coins have no use case and no project behind it. Generally, it’s better to look for a newly launched, popular meme coin that has a clear use case or partnerships that can drive adoption and demand for the meme cryptocurrency. Similarly, look at the token supply to find out whether there’s any scarcity built into the system.
  • Risk management and diversification: Meme coin projects are higher risk than regular crypto investments. Consider allocating only a small portion of your portfolio to meme coins and diversify your investments across different asset classes to mitigate risk.
  • Due diligence and research. Conduct thorough research on the meme coin project, including its team, development roadmap, and underlying technology. Look for transparency, credible team members, and active development updates. Scrutinise the meme culture around the coin, as well as any whitepaper or documentation to understand its goals and viability.
  • Expert opinions and analysis. Seek insights from reputable cryptocurrency influencers, analysts, or publications specialising in meme coins. Stay informed about market trends, emerging tokens, and the potential risks involved.

Conclusion

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The meme coin space can be a lot of fun to invest in. The communities associated with meme cryptos are often vibrant and entertaining to be a part of, while some of the best meme coins can experience spectacular price spikes given the right conditions.

Our experts rate Chancer, AltSignals, and Metacade as three of the best new meme coins to buy now. The most popular meme coins, like Dogecoin and Shiba Inu might be worth looking at too, although they may not have the price upside as some of the next big meme coin projects we investigated.

Choose the best meme coin now

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Charlie Hancox
Financial Writer
Charlie is a Financial Writer for Invezz. He covers commodities, cryptocurrencies, and breaking news. Prior to joining Invezz he helped grow Crux Investor into the fastest-growing... read more.