Since Dogecoin started trading in 2013, many other meme coins have taken the world by storm – with notable people in society backing them. Though meme coins began as a joke, many of them have experienced tremendous growth. Many meme coins now have notable people in the society backing them and seem viable for long-term investments.
Meme coins are here to stay, and people will not be able to ignore them very soon. And this is why it’s best to enter the meme coin market when there’s still a great chance.
Because there are many meme coins around today, it might be somewhat tricky to know the best meme coins to buy and where to buy them – especially for beginners. Hence, we’ve researched the top 11 meme coins to buy in 2023.
You will learn and be able to determine the best meme coins to buy in this guide. Additionally, you will learn where to buy and how to invest in them. Keep reading!
Top 11 Meme Coins to Invest in 2023
- Meme Kombat (MK): Meme Kombat brings utility to the meme coin space. Invest in $MK tokens to bet on the outcomes of meme character battles and win free crypto. Investors can also stake their tokens for passive daily rewards whilst providing liquidity to the ecosystem.
- Sponge V2 (SPONGEV2): The second version of the SPONGE token that will provide investors with another chance to take advantage of a potential price pump. Sponge V2 can be acquired by investing in and staking SPONGE tokens.
- Wall Street Memes (WSM): An innovative meme token community that has recently launched a new crypto casino offering. Investors can take advantage of regular airdrops and use $WSM tokens to play in the casino to win valuable rewards.
- Dogecoin (DOGE): The meme coin with the biggest market capitalization. DOGE has a history of providing returns to investors and is heavily influenced by tech giant Elon Musk. Although it is a volatile crypto, investing in DOGE is a good way to diversify.
- Shiba Inu (SHIB): The second-largest meme token by market cap. SHIB can be used for peer-to-peer digital payments which brings utility to the token.
- Akita Inu (AKITA): Akita Inu is a meme coin that is used to support the Akita network. Token holders can earn free crypto through airdrops and take part in governance.
- Mona Coin (MONA): A Japanese-based meme token that is used as a digital currency in Japan. MONA is mainly used for tipping and payments and allows peer-to-peer transactions with no third-party intervention.
- Baby DogeCoin (BABYDOGE): A community-driven meme crypto that rewards investors for holding their tokens. The project was created to raise awareness for animal welfare and to build a community of investors. BABYDOGE tokens are burned regularly to gradually decrease the circulating supply.
- Dogelon Mars (ELON): Dogelon Mars is a traditional meme token that was inspired by tech giant Elon Musk. The token has no real utility but is supported by a community of over 650,000 investors who want to follow the journey of the iconic meme character.
- Doge Dash (DOGEDASH): A meme coin that can be used to participate in a Mario Kart-inspired crypto game. Earn free crypto by racing other players and withdraw rewards instantly.
- Safemoon Inu (SMI): SMI is a BEP20 meme coin that can be used to take part in crypto games and govern the community. 2% of every transaction is distributed to token holders to encourage long-term holding.
Best Meme Coins To Buy Now Reviewed
Now that we’ve highlighted the top 11 meme coins to buy in 2023, we’ll proceed to review each one. As stated earlier, knowing the best meme coin to back can be challenging. So, here’s a more detailed look at the top 11 meme coins that made our list.
- Meme Kombat – Top Utility Meme Token That Can Be Staked Or Used To Win Free Crypto In The Meme Kombat Game
Meme Kombat is a newly created meme token that incorporates all the most famous meme characters battling it out in a combat arena. The platform offers users the benefit of staking $MK tokens for passive income, while also incorporating a bet-2-earn model.
This new innovative GameFi project brings together meme communities to show support and wager on battles between their favorite meme characters.
Unlike other meme tokens, Meme Kombat provides users with a form of utility that aims to encourage user engagement on the platform. $MK holders are able to stake their tokens to earn passive APY%, and allocate portions of their staked $MK to wager in meme character battles.
Meme Kombat incorporates artificial intelligence for the randomization of battle outcomes, creating a fun and competitive environment for all enthusiasts across meme communities.
The total supply of $MK tokens is 12 Million, with 50% being available in the presale. Meme Kombat has allocated 30% of the total supply for staking and battle arena rewards, meaning early supporters will not be short of potential earnings.
The project has incorporated various ways to bet on your favorite meme characters in battles. Players can bet against one another, stimulating a competitive environment between different meme communities. Users will also be able to bet against the game in a sportsbook-style model, whereby users can bet with standardized odds on the outcome.
The game also allows side action betting which is a more analytical style of wagers where players will bet on specific actions or events that occur in a battle.
The Meme Kombat presale is currently live with the price of one $MK token set at $1.667. An additional feature of this presale is that users who participate will have their tokens automatically staked which enables immediate APY% earnings until the launch.
Meme Kombat is built on the Ethereum blockchain and $MK tokens can be purchased using ETH or USDT on the ERC20 network. Alternatively, Meme Kombat allows participation in the presale using BNB or USDT on the Binance Smart Chain.
The presale has already raised over $750k and is approaching the final stages.
- Sponge V2 – The Best Meme Coin To Take Advantage Of An Already Successful Ecosystem That Is Predicted To Pump
SPONGEV2 is the newest token to be launched by the Sponge token ecosystem. The V2 coin will provide investors with a second chance to take advantage of a potential pump and bring utility to the ecosystem.
Sponge V2 cannot be purchased via presale like many new meme coins. Instead, investors can acquire the token by investing in and staking their Sponge V1.
Eventually, Sponge V1 will be phased out and only the V2 tokens will be usable in the ecosystem.
Sponge V2 will provide access to an exclusive P2E game through which players will be able to win crypto rewards. The token can also be used for staking to earn passive rewards over time.
The introduction of SPONGEV2 will encourage investors to hold their tokens, preventing sell-offs and stabilizing the price of the meme token. The team hopes to recreate Sponge tokens previous success and provide early investors with generous returns.
- Wall Street Memes – Meme Coin With A Huge Community And Native Crypto Casino Offering
Wall Street Memes is a new meme token project that has recently finished its best-selling presale event. Wall Street Memes was already an established community before its crypto offering. The ERC20 token was created to grow the community whilst rewarding members with airdrops and chances to win tokens in the Wall Street Memes crypto casino.
The Wall Street Memes Platform has been a popular social media space for years. The platform encourages supporters to share memes about the volatile markets and connect with each other through humor. Memes are at the heart of this platform so it only makes sense that it develops its own meme token.
The $WSM meme token launched in May 2023 and raised over $25 million at presale. WSM is an ERC20 token with no major utility other than to provide profits to investors. 100% of tokens will be given to the community- 50% were sold through the presale, 30% will be used for airdrops and rewards, 10% will be saved for DEX liquidity and 10% will be saved for CEX liquidity.
After the success of the presale, the project team announced the launch of the highly anticipated WSM crypto casino. Here, investors will be able to use their $WSM tokens to win rewards by playing fun crypto games. This adds a layer of utility to the token and will ensure that investors hold their tokens long-term.
- Dogecoin – The Largest Meme Coin By Market Cap That Has A History of Generating Returns
We can hardly talk about the best meme coins without mentioning Dogecoin, right? And that’s why the “shitcoin” has made our meme coins list for 2023. Dogecoin was the first meme coin, and it launched in 2013. So, unlike the previous two, it’s not a new cryptocurrency.
Since then, many other meme coins have entered the market. However, Dogecoin remains the largest meme coin by market cap – with about 132 billion DOGE tokens in circulation today.
For a cryptocurrency that started as a joke, DOGE has come a long way. It’s considered not only the best meme coin for long-term investment but also one of the most undervalued cryptocurrencies in 2023. It has an incredibly strong community and has grown to become the king of many meme coins out there.
Thanks to backing from famous people such as Tesla and Space X CEO, Elon Musk, and legendary musician, Snoop Dogg, Dogecoin significantly dominates the meme coin ecosystem.
Just like Bitcoin and many other cryptocurrencies, the crypto bear market has negatively impacted the value of DOGE. At the time of writing, 1 DOGE is worth $0.056 – a significant drop from its $0.73 all-time high in May 2021. But DOGE has also experienced bullish trends in the past. The coin has seen a 1,494% increase in the past, so experts believe DOGE investors will smile again.
DOGE has a track record of high performance and a solid project with a promising future. So, if you’re thinking of investing in one of the top 11 meme coins, DOGE is definitely worth giving a good look.
- Shiba Inu – The Second-Largest Meme Token That Can Be Used For Peer-To-Peer Payments
Like Dogecoin, Shiba Inu is another notable digital asset on our meme coins list. SHIB has been one of the best meme coins since its launch in 2020 by anonymous owner Ryoshi. Shiba Inu has performed well in the meme coin market for a coin that started as an experiment to throw off DOGE.
Shiba Inu is nicknamed “the Dogecoin killer,” but the coin still follows Dogecoin in terms of market cap. However, SHIB has recorded exponential growth over its two-year period. In 2021, Shiba Inu’s value experienced a 21,000% increase – further proof that SHIB is arguably the best meme coin to buy in 2023.
Another reason experts believe Shiba Inu will be one of the best meme coins valuable to its holders is because of the social media backing and hype it receives. SHIB has gained massive popularity from tweets and conversations from notable crypto-inclined personalities like the billionaire, Elon Musk, and Ethereum’s co-founder, Vitalik Buterin.
Similarly, Shiba Inu is a significant player in the DeFi space (just like DOGE). SHIB owners can use it to provide liquidity to the market, stake, and earn rewards, and the crypto is compatible with NFT projects and Decentralized apps (DApps) through Shibaswap. Recently, the coin also made its way into the Metaverse and will soon have its own virtual real estate named Shiba Lands.
In other words, apart from the Twitter and social media frenzy, Shiba Inu has many use cases and is part of an exciting project. With current actions and relevant advancements, SHIB will experience a wider adoption, attract more investors, and ultimately experience more growth – which is why we rate it as one of the top 11 meme coins in 2023.
Fun Fact: Experts have predicted that Shiba Inu could clinch an all-time high of $0.00008845 by the end of 2023.
- Akita Inu – A Large Meme Coin Network That Rewards Token Holders With Regular Airdrops
Akita Inu is another member of the best new meme coins clan that crypto traders and investors should pay close attention to. Like many other cryptocurrencies on this meme coins list, AKITA started as a meme. Elon Musk and the DOGE cryptocurrency reportedly inspired it.
However, one interesting thing about this coin is that it’s a community project based on the Ethereum network. In other words, the Akita Inu community participates in its project governance and other related activities. No founders, no team tokens, just a group continuously developing the project.
The project is still in its early days, with a group of meme crypto enthusiasts running the project instead of a dedicated team of experts. But this is no surprise, as the Akita Inu community believes the project is only a social experiment aiming to become the best meme coin that connects and drives like-minded people.
Another notable thing about the coin is that it allows for equity among owners. Unlike other DeFi crypto projects that give more rewards to developers, AKITA believes everyone should have an equal chance to own the crypto, and nobody should have a higher ownership right.
There are currently 1 trillion AKITA coins in circulation – with 50% of that (500 billion tokens) reportedly sent to Ethereum co-founder, Vitalik Buterin’s wallet, and the remaining 50% reportedly locked in Uniswap pool and the keys disposed of.
With its cross-chain interoperability with the Avalanche blockchain and the coin’s slow upward growth in the market, the future of Akita Inu looks interesting.
Fun Fact: AKITA has a Telegram community with over 17,000 members as of the time of writing.
You cannot buy AKITA directly with fiat currency. Instead, you will need to use BNB to purchase the token. Once you have crypto funds available, you will be able to exchange BNB for AKITA through PancakeSwap.
- MonaCoin – A Japanese Meme Coin That Is Used For Payments And Tipping
MonaCoin is one of the oldest meme coins around. “The crypto of Japan” was named after a famous Japanese art character, MONA. It launched in December 2013 as the first altcoin developed in the Asian country. MONA’s anonymous creator, “Mr Watanabe,” originally designed it as a payment network for peer-to-peer (P2P) transactions to eliminate exchanges and other third parties.
Mr Watanabe built MONA from Litecoin – the first-ever altcoin – but MONA uses a different algorithm. However, just like Bitcoin and Litecoin, the MonaCoin blockchain uses the proof of work (PoW) consensus mechanism to validate transactions.
Because of its origin, MONA is used more in Japan than in any other part of the world, but it isn’t a national cryptocurrency. It was also one of the first coins to integrate SegWit into its blockchain network. As a result, the MonaCoin blockchain has a high transaction processing speed compared to the Bitcoin and Litecoin blockchains.
Apart from its speed advantage, MONA is a valuable meme cryptocurrency. In 2017, its price hit an all-time high of $20.33. At the time of writing, 1 MONA is worth $0.55, up 0.73% in the last 24 hours.
You can purchase MONA coins on the PancakeSwap exchange using BNB tokens. However, it is not possible to buy the coin with fiat currency.
- Baby Doge Coin – A Community-Driven Meme Token Inspired By Doge; Baby Doge Has A Deflationary Supply And A Large Community Of Investors
As the name implies, BABYDOGE is Dogecoin’s “child.” It’s one of the best new meme coins that prides itself on its community drive – with the goal of connecting the average person to crypto and helping needy dogs.
BABYDOGE launched in June 2021. The team reportedly donated to charitable causes for animals and gathered influence from the outside world. A major perk of holding the BABYDOGE coin is that you get a cut for every transaction on its network.
The platform charges a 10% fee on every transaction, returns 5% of the amount to all BABYDOGE token holders as rewards, and uses the remaining 5% to add liquidity to the market.
The BABYDOGE token currently sells at $0.000000001356. With its history of returning over 3,500% at a point, it might be worth backing as one of the top 11 meme coins today.
To buy BABYDOGE, you will need to first purchase BNB from a regulated broker. Next, you will need to transfer these funds into a wallet such as MetaMask. Then, you can exchange BNB for BABYDOGE through the PancakeSwap exchange.
- Dogelon Mars – Elon Musk-Inspired Meme Crypto With A Community Of Over 650,000 Investors
Dogelon Mars is another member of our top 11 meme coins to buy. As the name implies, ELON is a spin-off from Dogecoin and is named after Elon Musk’s and Space X’s adventure to Mars.
Like other best new meme coins, ELON is a decentralized and community-ran project. However, Dogelon Mars has no notable figures backing it or drawing attention to it on social media unlike most meme coins.
Despite the absence of a social media frenzy, Dogelon Mars has a big community of over 90k on Telegram. ELON currently trades at $0.00000033, and experts believe it has the potential to rise over the coming years.
Like many of the other meme coins on our list, ELON cannot be purchased directly with fiat currency. Instead, you will need to use BNB to buy the coin through an exchange. You can purchase BNB (Binance Coin) with our recommended broker eToro.
- Doge Dash – Fun Gaming Meme Coin That Allows Players To Earn Income By Playing
Doge Dash is a play-to-earn cryptocurrency inspired by the old Mario game from the 90s, where players needed to dash to collect coins while playing. The meme coin is on the Binance Smart Chain network. Its primary purpose is to encourage more people to enter the crypto gaming industry.
We consider it one of the best meme coins 2023 because it uses fun and nostalgia to drive more adoption and its founder, Paul, works with a team to develop the project.
At the time of writing, DOGEDASH sells for $0.0001029, but there’s a prediction that it will rise to $0.000299 in 2023. And this may be a good reason to look into the coin.
DOGEDASH is available on popular exchanges including PancakeSwap. To purchase the token, you will need to use BNB as you cannot purchase the coin directly with traditional payment methods such as credit/debit cards or bank transfers.
- Safemoon Inu – A Gaming Token That Can Be Used To Earn Rewards And Take Part In Governance
SafeMoon Inu is the last best meme coin on our top meme coins list. But this doesn’t in any way mean the crypto is the least valuable meme coin to invest in. Like other best meme coins that you can buy in this guide, SafeMoon Inu is a community-driven cryptocurrency that can also be used for gaming.
The SafeMoon Inu (SMI) project is quite an interesting one. The SMI blockchain is built on the Ethereum network, and the community is building a new gaming platform, SMI Play, where gamers can compete to earn rewards (play-to-earn) with in-game NFTs.
In other words, people can play games, earn, mint, and sell NFTs, and have some laughs with the platform’s numerous memes. SMI holders also get 2% of every transaction on the blockchain as a reward when they stake their assets.
You can buy SMI through the Coinbase exchange using BTC or ETH. If you do not already own any of these currencies, we recommend that you purchase some before investing in SMI. This is because it is not possible to buy SMI directly with fiat currencies.
What are Meme Coins?
Memes are a type of digital asset that has garnered significant attention for their lighthearted and often humorous nature. Unlike traditional cryptocurrencies like Bitcoin or Ethereum, meme coins are not created with a specific utility or groundbreaking technology in mind.
Instead, they are driven by the power of internet memes, pop culture, and online communities. These coins derive their value from the collective belief and enthusiasm of their followers rather than any tangible asset or use case.
The first meme coin to be created was DOGE in 2013. Created as a joke by software engineers Billy Markus and Jackson Palmer, Dogecoin was based on the popular internet meme featuring the Shiba Inu dog breed. Following the success of Dogecoin, a plethora of other meme coins surfaced, each with its own unique theme and community.
Investors buy meme coins to be part of the online community, take advantage of price pumps, and diversify their portfolios with non-traditional assets. Due to the fact that meme coins have no real utility, they can be VERY volatile.
On one hand, this means that the prices of meme coins can see huge spikes and offer returns to investors quickly. On the other hand, the price of meme coins can drop just as quickly.
How Do Meme Coins Work?
Meme coins are digital currencies that run on blockchain technology. Just like traditional cryptos, meme coins can be swapped on decentralized exchanges and some are even listed on centralized exchanges. Meme tokens are mined through PoS or PoW consensus mechanisms.
Meme coins are created as a short-term investment with the aim of creating a pump that will reward early investors. Most meme coin projects will hold a presale through which investors can purchase tokens at a very low price. After the presale, marketing and social media hype are used to push the price of the token upwards and reward presale investors.
As well as providing returns to investors, meme coins can be used as a means of payment, to access governance, for staking, and to participate in meme coin games.
Are Meme Coins A Good Investment? – 3 Reasons To Buy Meme Coins In 2023
Meme coins are a good investment in 2023 because the tokens perform well when other crypto assets struggle. This means that investing in meme tokens is a good way to diversify your portfolio and reduce risk during periods of high market volatility. Still not sure whether to buy meme coins? Here are 3 reasons to invest in the best meme coins in December 2023.
- Meme Coin Presales Provide An Opportunity To Invest While Tokens Are Undervalued
One of the main reasons to invest in the best meme coins in 2023 is that many of the current top meme tokens are still in presale. This means that it is possible to buy the coins at a very undervalued price and take advantage of guaranteed returns.
Recent meme coin presales including PePe coin, Copium Club, and SpongeBob token have provided early investors with huge gains. The best meme coins on our list aim to replicate this success and hope to 1000x when they are eventually listed on exchanges.
The meme coin market moves quickly and new coins are launched every day. Therefore, if you miss the chance to invest early, you may not be able to make a profit from the tokens at another time. A lot of meme coins experience one huge pump only. Don’t miss the opportunity to buy the current best meme coins during presale.
- Meme Coins Are A Good Way To Diversify Your Portfolio
As we mentioned earlier, meme coins tend to do well when other digital assets are struggling. This means that investing in meme coins is a good way to diversify your crypto portfolio.
Diversification is one of the best ways to reduce the overall risk of investing in cryptocurrencies. By investing in a variety of different coins, you spread out your funds which means that your investments won’t be wiped out if one coin goes down.
Meme coins are completely different from Bitcoin and other altcoins. This means that factors that affect the value of traditional crypto assets may not affect meme coins as prominently. However, the differences between traditional cryptos and meme coins also make them a more volatile investment. If you do choose to invest in meme coins, balance out your portfolio with stablecoins to reduce risk.
- Take Advantage Of Staking, Airdrops, And Play-To-Earn Opportunities
Original meme coins were created with no utility. However, some newer meme crypto projects have developed and now provide investors with opportunities to earn free tokens via staking, airdrops, and even meme coin games.
For example, $SONIK offers a staking mechanism through which meme coin holders can earn passive income by staking their $SONIK tokens for a period of time. Sonik Coin is one of th first meme coin projects to offer this feature which makes it a stand-out option on our list of best meme coins.
Wall Street Memes is another innovative meme coin project that will reward investors via airdrops. A crypto airdrop is an event through which free tokens are given to existing investors. The more $WSM that people hold, the more tokens they will receive.
How to Buy Meme Coins on eToro
You’ll find meme coins on various centralized and decentralized crypto exchanges today. Some of the coins on our top 11 meme coins list are still very new, so you may only find them on decentralized exchanges. If this is the case, you will need to first purchase BNB, BTC, or ETH to be able to buy the tokens.
Our top recommended broker for purchasing crypto is eToro. While you may not be able to buy all of the meme coins directly through the platform, you can use eToro to purchase BNB, BTC, or ETH.
Step 1: Create an account
To do this, you will need to register for an eToro account by visiting the website. You will be asked to provide a few personal details such as your name and email address and create a password.
You will then need to verify your ID by providing either a valid passport or driver’s license. This process is fairly quick and usually takes just a few minutes to complete.
Step 2: Fund your account
Once you have created your eToro account, you will need to add funds. eToro accepts a variety of payment methods including bank transfer, debit/credit card, PayPal, and Skrill. The minimum deposit is just $10.
Step 3: Purchase crypto
The next step is to purchase crypto tokens that can be swapped for meme coins. The token that you should buy depends on which exchange/platform you wish to use. For example, to buy TAMADOGE through the presale event you will need to use ETH.
You can purchase ETH on eToro by using the search bar to find the coin and then placing an order.
Step 4: Transfer your crypto to a wallet
Not all of the meme tokens mentioned above can be purchased from a centralized exchange. In this case, you will need to buy tokens that can be swapped for meme coins and then transfer these to a crypto wallet. Good options to consider include MetaMask and Trust Wallet.
Move your crypto to the eToro Money wallet and then send the coins to your third-party wallet using the correct address. It may take a few minutes for the transaction to complete. Make sure that you have enough funds to cover gas fees.
Step 5: Purchase meme coins from a decentralized exchange
The next step is to connect your crypto wallet to a decentralized exchange that lists the tokens you would like to buy. You can also follow this process when buying meme coins through presales.
Once your wallet is connected, go ahead and swap cryptos for meme coins.
Note: Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
Conclusion
Meme coins are here to stay, and we’ve highlighted some of the best meme coins for 2023 in our top 11 meme coins list. There’ll undoubtedly be more new meme coins developed and added to the long list of best new meme coins in the future, but for now, you can invest in these assets with great potential gains.
However, it’s essential to have it at the back of your mind that even the best meme coins thrive on social media backing, so they are more volatile than regular cryptocurrencies like Bitcoin and USDT. So, be sure to invest what you can afford to lose and have a good strategy when investing in meme coins.
You can invest in our top-rated coin, Sponge V2, by visiting the official presale website.
