Meme tokens: secrets of meme coin popularity in 2024

A lot of attention is also paid to the steaking mechanism. By blocking WAI tokens in the pool, users will be rewarded for 2 years, with an APY of 164%.

Wiener AI has a total of 40 presale stages. It is currently on its 31st. The asset will rise to $0.000733 by the final ICO. Investors only have 9 presale stages left to successfully buy the coin. Pros:

• Profitable Staking.
• Early investors will get an APY over 160%.
• Scaling potential.

PlayDoge

A new gaming project called PlayDoge also made it to the list of meme coins. This app in the style of the famous Tamagotchi retro simulator offers favorable steaking conditions. PLAY is the platform’s own token, which is worth $0.00514 as part of the ICO. The total investment in the startup has already exceeded $5.3 million.

PlayDoge is a game simulator based on Play-to-Earn technology. With its help, users can significantly raise their income level. To do this, they only need to “take care” of virtual pets and perform tasks.

Another notable feature of the project is the steaking mechanism. Under this initiative, investors will be rewarded with PLAY tokens for 3 years. For anyone who locks coins right now, the APY will be 114%.

Currently, the 15th pre-sale stage out of 40 is coming to an end. On the last one, the asset will go up to $0.00539. Pros:

• The token has been covered by TradingView, The Economic Times, and Binance Square.
• Continuous updates to the P2E arcade are planned.
• Planned airdrop after the asset’s release on DEX.

Base Dawgz

Base Dawgz is a new meme coin capable of running in 5 promising and large blockchains. It raised $2.2 million in the pre-sale, and its value increased to $0.005534 per piece.

As mentioned above, the main feature of DAWGZ is that the token is available to a wide range of investors. This is possible thanks to integration with networks such as Base (native blockchain), Ethereum, Solana, Binance Smart Chain, and Avalanche. At the same time, Wormhole and Portal Bridge technologies are responsible for the connection between the systems.

The second distinctive feature of Base Dawgz is the launch of airdrop. During it, additional tokens will be raffled between all participants. To get them, you need to create a profile in social network X (Twitter) and publish memes about DAWGZ. For each such post users will get special points. They will be exchanged for tokens when the date of the airdrop’s completion is announced. Pros:

• Simultaneous support for 5 chains.
• Reliable ecosystem.
• Exchanging game points for tokens within airdrop.

Sealana

The Solana blockchain is known in the crypto segment due to the large number of meme tokens issued on it. All of them, meanwhile, continue to show growth even after going public on the listings. Sealana is another project that is predicted to grow 100-fold. And this is despite the fact that the asset has no real application area yet.

During the entire pre-sale period, the token has attracted over $5 million. Now it is preparing to enter the trading floors. The reason for such popularity is the multichain mechanism. Sealana is able to work equally effectively in Solana, Ethereum, and BNB Chain.

The Solana blockchain also issues other popular meme coins, which have jumped in price ahead of the summer bullrun and amid increased demand. For example, WIF went up 45% in price in a week, while BONK rose 25% in the same time frame.

Based on such indicators, analysts concluded that SEAL is also capable of taking a place among the profitable tokens of the Solana network. Pros:

• The listing is less than 2 days away.
• Low cost of the asset.
• Created within the Solana network.

Sponge V2.

SpongeV2 is a meme coin that was an ideational extension of the previously successful Sponge. It has real utility as it is now part of an online game in the racing genre. The project has no presale in the usual sense, but assets can still be purchased on the official website for $0.000089.

Earlier (this year), the team launched an initiative to exchange V1 for V2. Through this, V1 holders were able to get new tokens as the old coins went out of circulation and were no longer supported.

Sponge V2 operates inside the Polygon blockchain. It too was migrated to from Ethereum a few months ago. Assets can now be staked in the new network. For this, all V2 owners will receive an APY of 52%.

Pros:

• Long-term income thanks to steaking.
• The team is well known in the market due to previously realized successful tokenization.
• In-game competitions allow you to earn more coins.

Why meme crypto assets are gaining popularity

Meme tokens themselves are a subspecies of digital coins whose creators were inspired by pop cultural phenomena. As a rule, such assets are issued for the sake of a joke or as a reaction to certain events in the industry and beyond. Mem-tokens have a higher level of volatility. This is because their growth directly depends on the demand among investors and market sentiment.

Often, meme tokens have no real application at the start. The most famous examples are Dogecoin (DOGE) and Shiba Inu (SHIB). The first coin ranks 9th in the top of assets by market capitalization (according to CoinMarketCap). Its figure is $18.1 billion. The second token is on the 13th place in the same list with a capitalization of $10.1 billion.

However, more and more developers are now making tokens a part of virtual gaming and trading platforms. For example, the creators of PlayDoge and Wiener AI have done so. The latter even got integration with innovative AI technology. Before him, Scotty the AI had similar functions. He also started the trend for meme coins with artificial intelligence support.

Of course, investing in such highly volatile assets involves risk. The reason is simple: sometimes such tokens are on the rise due to the hype, but their profitability can fall sharply due to the decline in popularity.

Nevertheless, analysts note the high potential of such coins. Specialists are convinced that meme tokens are an integral part of the market. In addition, such projects often have an active community, which allows newbie traders to get used to and learn more about the industry.

It is worth noting: nowadays, the scope of meme-tokens is constantly expanding. Some of them help in creating a profitable ecosystem around various topics and memes. Others serve to support charitable initiatives. Such tokens are often used to pay for products or services, or as part of marketing campaigns. If the asset belongs to an interactive platform, it can act as an in-game currency.

Today, crypto analysts do not have an unambiguous opinion on meme tokens. Some experts believe: the risks are too high compared to the potential profit. Other experts are of the opinion that meme assets help the industry. Arthur Hayes (founder of BitMEX exchange) is convinced: the presence of such tokens gives more opportunities for both ordinary traders and developers.

Statistics show that particularly popular coins become effective outside their ecosystems as well. For example, Dogecoin in 2022 became a full-fledged means of payment on the Tesla website. Floki, in turn, allows you to buy goods on AliExpress. CHMPZ draws investors’ attention to environmental issues and launches various charitable initiatives.

How to buy a meme token: a guide

If an investor plans to buy meme-tokens, he should be prepared for possible risks. However, the right approach and thoughtful actions can provide the crypto-enthusiast with quite a large income.

First of all, a thorough analysis of the segment should be conducted before buying coins. The choice of token includes the study of technical documentation. Find such information can be found either on the official website of the project (especially if it concerns assets on the ICO), or on thematic forums and social networks. You should carefully study the developers’ accounts in X, Reddit, Discord and Telegram.

When a suitable token for investment is found, it is necessary to evaluate your financial capabilities. It should be remembered that meme tokens have an increased level of volatility. It is necessary to determine the amount that can be safely spent on the purchase of coins. Important: you should not invest all available money in only one asset. It is better to buy several coins and thus diversify your portfolio.

To further reduce possible risks, experts recommend to pay attention to new meme-coins that are on presale. According to the rate of presales, you can note how much the project is in demand among investors.

For a profitable purchase, it is also necessary to constantly follow the news and updates in the industry. Investors should pay attention to the general mood in the market, as they have a serious impact on the rate of meme tokens. Such analysis will help to navigate price changes and predict potential asset growth.

This article contains the top meme tokens from the 6 most promising options. All of them are at different stages of ICO. However, presale is not the only way to purchase meme tokens.

Many traders turn to exchanges for help. On such platforms, assets are obtained for fiat money or cryptocurrencies. It should be borne in mind that these platforms do not have a large stock of coins. It is necessary to closely monitor the updating of the assortment in order to make a profitable transaction. Nevertheless, among the pluses are the following: low commissions, complete anonymity and a good rate.

Listing meme coins is another option popular among traders for buying assets. Many such coins appear on both centralized and decentralized trading platforms. It’s worth checking out information on Binance, OKX, KuCoin, as well as Uniswap and PancakeSwap to make sure you don’t miss out on the benefits.

Investors with different experience in the digital market also often turn to multi-currency wallets. Trust Wallet and Coinbase are among the most sought-after right now. They allow not only to safely store digital assets, but also to acquire new coins. This makes it possible to quickly and comfortably diversify user portfolios.

To competently invest in meme tokens and multiply the benefits, you need to carefully analyze the projects. This can help developers’ pages in social networks, where startup teams publish news and information about updates, as well as keep in touch with the community. As a rule, many new projects have pages in X, Discord and Telegram.

Completion

Previously, meme tokens were issued for the sake of entertainment and attracted investors only due to virality. Now the situation has changed. Assets more and more often have a real field of application, which provides them with long-term development prospects.

However, even tokens without utility are capable of generating substantial income. For example, PEPE brought an investor over $10 million with an investment of $260. Another trader who bought BONK received about $6.2 million in net profit.

Such indicators show that at the peak of excitement and on the background of speculations meme assets are able to develop successfully. However, one should invest in them thoughtfully, not spending too much money at once.