Top Memecoins in 2024

Looking for the best memecoins to invest in for 2024? From OGs like Doge to newcomers like BOME, we've got you covered on the most viral tokens in 2024.

What are the top 10 memecoins in 2024?

Dogecoin

Dogecoin (DOGE), launched in 2013 as a humorous alternative to Bitcoin, features a Shiba Inu logo from a popular meme. Unlike Bitcoin, Dogecoin is designed to be abundant, with 10,000 new coins mined every minute and no maximum supply. Initially seen as an amusing "memecoin," Dogecoin's value soared in 2021, making it one of the top ten cryptocurrencies by market cap, surpassing $20 billion.

Dogecoin’s large supply contributes to its low individual value but significant overall market presence. By April 2024, over 140 billion DOGE were in circulation. The coin gained popularity through a passionate online community, supporting causes like the Jamaican bobsled team and receiving a boost from endorsements by figures like Elon Musk. His tweets and media appearances contributed to a 7,000 percent price surge in early 2021. Created by software developers Billy Marcus and Jackson Palmer, Dogecoin quickly gained traction, attracting speculators despite its origins as a joke and historically low prices.

Read next: How to buy Dogecoin on eToro

Shiba Inu

Shiba Inu, an Ethereum-based altcoin created in August 2020 by the anonymous Ryoshi, features a Shiba Inu dog mascot and is seen as a "Dogecoin killer." Like Dogecoin, Shiba Inu is a meme coin, launched as a parody rather than for utility. Its principles, detailed in a "woof paper," emphasize a community-driven approach to build a decentralized project.

The SHIBArmy, with nearly 500,000 Reddit members, supports principles of starting from zero, not stemming from an existing community, and a love for Shiba Inu dogs. As an ERC-20 token, Shiba Inu operates on Ethereum for its security and decentralization.

In January 2023, Shiba Inu launched Shibarium, a layer two blockchain to reduce congestion and lower gas fees. The ecosystem includes SHIB, the main currency; LEASH, a reward token; BONE, a governance token; and the upcoming TREAT. Shiba Inu's community-driven model showcases the power of decentralized development in crypto.

Read next: Is Shiba Inu Dead?

Pepe

Pepe Coin, like other meme coins, lacks intrinsic value and utility but quickly gained popularity, reaching the top 100 cryptocurrencies by market cap within two weeks of its launch. Known as the most memeable meme coin, Pepe Coin is an Ethereum-based deflationary token inspired by the Pepe the Frog meme. Launched in April 2023, it rapidly built a strong community and achieved a market capitalization of over $1 billion in just three weeks.

As an ERC-20 token, Pepe Coin benefits from Ethereum's high security due to its Proof-of-Stake (PoS) consensus mechanism. The project’s roadmap includes gaining popularity through listings on platforms like CoinMarketCap and various cryptocurrency exchanges. It also features a redistribution system to incentivize long-term holding, aiming to maintain token stability and enhance its long-term success.

The Pepe Coin community is its main strength, with over 529,000 followers on X and a presence on Telegram, Discord, and Reddit. Future plans include launching a Pepe Academy and merchandise to expand its ecosystem and maintain a strong market position. Pepe Coin is distinct from Pepe Coin 2.0, which includes a transaction tax and is developed by different creators.

Read next: What is Pepe Coin?

Dogwifhat

Dogwifhat (WIF) is a meme coin inspired by an internet meme of a Shiba Inu dog wearing a pink-knitted hat. Operating on the Solana blockchain, Dogwifhat was launched in December 2023 by anonymous founders, drawing inspiration from Dogecoin (DOGE).

Since its introduction, Dogwifhat has steadily increased in value, reaching a market cap of $2 billion after being listed on Binance. The tokenomics of Dogwifhat emphasize decentralization, with governance controlled by its community of token holders.

With a finite supply of over 998.9 million tokens, Dogwifhat embodies the spirit of meme coins, relying on community interest rather than functional use cases. There are no plans to burn tokens or introduce staking rewards, making its value purely driven by speculation and community engagement.

WIF entered the market at around $0.001555 in December 2023, briefly reaching $0.30 before dropping to $0.08 in January. Since late February, its price has surged from $0.30 to over $2 within two weeks, highlighting the unpredictable nature of meme coins.

Bonk

Bonk (BONK), the leading dog-themed meme coin on the Solana blockchain, has become one of 2024's most successful projects, reaching a market cap of $2.7 billion in May. Known alongside other popular meme coins like DOGE, SHIB, and WIF, BONK stands out with its community-driven nature and unique tokenomics, including a significant burning mechanism.

Launched with a massive airdrop to the Solana community in December 2022, BONK quickly gained popularity. With a maximum supply of 93 trillion tokens and over 66 trillion in circulation, BONK's value is highly speculative, driven by community engagement and online hype. Despite its meme coin status, BONK is developing utility through various side projects, contributing to its positive price action in 2024.

The BONK ecosystem includes:

1. Bonk Swap: A decentralized exchange on the Solana blockchain for trading meme coins and other tokens. It offers features like liquidity pools and yield farming, allowing users to earn rewards.

2. Bonk BOT: A Telegram bot enabling users to buy BONK tokens, check prices, set alerts, and participate in airdrops directly within Telegram.

3. Bonk Rewards: A program that rewards users for locking their BONK tokens, contributing to the ecosystem's growth. Users can earn rewards from BonkBot, Solana Validator Business (SVB), and BonkSwap.

These projects enhance the BONK ecosystem, making it more than just a meme coin phenomenon by providing trading, management, and earning opportunities for its community.

Floki

Floki (FLOKI) is a utility token within the Floki Ecosystem, inspired by Elon Musk's Shiba Inu and created by fans of the Shiba Inu (SHIB) community. Running on both the Ethereum blockchain and Binance Smart Chain, Floki aims to differentiate itself from other meme coins like DOGE and SHIB by providing tangible utility through four flagship projects: Valhalla, FlokiFi, FlokiPlaces, and University of Floki.

Valhalla is an NFT gaming metaverse featuring a play-to-earn model and on-chain interactions, expected to launch in 2022. FlokiFi offers a suite of decentralized finance products. FlokiPlaces is an NFT and merchandise marketplace, while University of Floki serves as an educational platform for cryptocurrency knowledge.

Floki's community, known as the "Floki Vikings," is highly engaged, and the project has seen significant social media presence, regularly appearing in LunarCrush’s Top 10 social engagement leaderboards. Partnerships with major crypto projects like Chainlink and ApeSwap further bolster its credibility.

Floki's unique approach combines meme coin appeal with practical applications, aiming to move beyond the meme coin narrative. It seeks to build a robust utility platform while fostering a close-knit community rewarded for staking their tokens. Floki continues to grow its user base and utility, aiming to become a top 10 crypto project and drive the next crypto revolution.

Brett (Based)

BRETT (Blockchain Real Estate Tokenization Technology) is a cryptocurrency designed to revolutionize the real estate industry through tokenization. Built on the Base blockchain, BRETT leverages blockchain technology to enhance transparency, security, and efficiency in real estate transactions. By utilizing smart contracts, BRETT automates the transfer of ownership once predefined conditions, such as payment completion, are met. This innovative approach reduces the need for intermediaries, lowers transaction costs, and expedites the settlement process, making real estate investment more accessible and efficient.

Inspired by the "Boy's Club" comic character Brett, BRETT combines the playful spirit of meme culture with practical applications within the cryptocurrency ecosystem. The token facilitates peer-to-peer transactions, promotes community engagement, and offers value as a digital collectible. BRETT's tokenomics include a total supply of 10 billion tokens, with a current market cap of over $1.4 billion. Its ecosystem supports decentralized finance (DeFi) services, enhancing liquidity and providing potential rewards for participants. With features like fractional ownership, BRETT opens new investment opportunities, enabling global accessibility and participation in the real estate market.

Notcoin

Notcoin is a popular Telegram-based game that initially utilized a “tap-to-earn” mining mechanism, where players tapped a gold coin image to earn in-game rewards. By completing quests and tasks, users could unlock additional boosts and prizes, quickly gaining immense popularity and attracting millions of players. Following this phase, players received an airdrop of the Notcoin token (NOT), marking the conclusion of the play-to-earn game and transitioning to an “explore-to-earn” model, offering fresh engagement opportunities through exploration.

Developed by Open Builders, Notcoin debuted in November 2023 as a closed beta on Telegram. The mining phase ended on April 1st, recording over 8.888 trillion taps and 17 trillion Notcoins expended by players. This phase culminated in an airdrop of NOT tokens, built on the TON ecosystem. Notcoin now operates on the Base blockchain, facilitating transactions and incentivizing community participation. The total supply of NOT tokens is 102.7 billion, distributed primarily to miners (78%), with allocations for the Ecosystem Fund (9%), community incentives (5%), development (5%), and Binance Launchpool (3%).

Notcoin's mechanics included tapping to earn coins, using boosts for more rewards, and purchasing in-game items like new backgrounds and coin skins. Players could also join squads within Telegram channels, fostering a sense of community. Although the tap-to-earn phase has ended, Notcoin plans to return with new features and a revamped rewards model, allowing players to earn tokens through updated mechanics and community events.

Book of Meme

BOME (Book of Meme) is an innovative cryptocurrency project designed to revolutionize meme culture within the decentralized world of blockchain technology. Originating from a desire to combine financial technology with creative and social aspects, BOME offers a unique and engaging platform for users to create and share memes, participate in community activities, and experience optimized Web3 functionalities. Built on the Solana blockchain, BOME leverages fast processing speeds and high scalability to enhance user experience and ensure seamless cryptocurrency swapping.

A standout feature of BOME is its $BOME token, generated by staking Bored Ape Yacht Club (BAYC) NFTs. This token serves dual purposes: it acts as a governance token, granting holders voting rights to shape the ecosystem, and it can be swapped for other cryptocurrencies. This integration of NFTs and tokenization not only adds real utility and functionality to NFTs but also strengthens the BOME ecosystem. The project's focus on community engagement ensures a continuous influx of diverse ideas and content, contributing to its sustainability and growth.

BOME's $BOME token is central to its ecosystem, enabling decentralized rewards, engagement mechanisms, and transparent governance. The token's role extends beyond facilitating transactions; it empowers users to actively participate in the project's evolution. With a strong connection to the highly sought-after BAYC NFTs, BOME offers a novel approach to leveraging digital assets, making it an attractive proposition for investors interested in the potential of NFTs.

Dog (Runes)

DOG•GO•TO•THE•MOON (DOG) is a standout meme coin launched on Bitcoin's new Runes protocol during its latest halving event on April 19, 2024. Within just seven days, DOG achieved a market cap of $368 million, making it the top-ranked Runes token by market cap and trading volume. Although this is modest compared to established meme coins like Dogecoin ($21 billion) and Shiba Inu ($14 billion), DOG's rapid rise suggests significant potential for growth in the meme coin space.

The token's meteoric ascent was largely driven by a massive airdrop on April 24, 2024, where 100 billion DOG tokens were distributed to over 75,000 holders of Runestone Ordinal NFTs. This strategic airdrop, conducted by the Runestone project, capitalized on the popularity of the Ordinals inscriptions collection and instantly boosted DOG's market presence. Runestone, created by the pseudonymous NFT enthusiast Leonidas, has a strong following and previously ranked highly among Bitcoin NFT collections.

With its unique name and early success, DOG•GO•TO•THE•MOON has sparked interest among Runes enthusiasts and analysts. Its impressive early performance, achieved in a fraction of the time it took DOGE and SHIB to gain traction, positions DOG as a potential future contender in the meme coin market. The innovative use of the Runes protocol and strategic leveraging of the Runestone community highlight DOG's potential to become a prominent player in the evolving cryptocurrency landscape.

Don’t forget the tax bill…

These memecoins might be jokes, but your tax liability isn’t. Regardless of the type of token you’re investing in, if you have gains or income from memecoin investments, you’ll have a tax bill coming.

Don’t worry, Koinly can help you calculate your taxes for thousands of cryptocurrencies - including memecoins. Sign up free today.