Crypto originated and exploded thanks to the internet, meaning it was almost inevitable that coins of the ‘meme’ variety would one-day emerge.
With Elon Musk’s avid advocacy of Dogecoin (DOGE) bringing memecoins into the spotlight, thousands (upon thousands) of projects have come to grace the blockchain in recent years…
Meaning the market is now saturated with projects, with many destined to go to zero.
That being said, and as demonstrated by the likes of Pepe ($PEPE) and Milady (LADYS), memecoin mooners do still exist, however they’re just few and far between.
With too many projects to count, identifying the best crypto memecoins to invest in can be a gruelling task, which is why we’ve put together a comprehensive list of our own recommended tokens.
The Best Crypto Memecoins to Invest In
Pikamoon ($PIKA): PIKA is the native token of upcoming NFT game Pikamoon. Tipped to be ‘the Pokémon of Web3,’ PIKA has raised $4.27+ million in sales since reaching its third and final presale stage, and is expected to moon once the AAA-standard game is launched across the globe.
Dogecoin (DOGE): The most successful memecoin of all time. Backed by influential entrepreneur and internet troll Elon Musk, DOGE made headlines in 2021 when exceeding a market cap of $88.8 billion.
Pepecoin (PEPE): Based on the OG ‘Pepe the Frog’ meme, Pepecoin is the biggest memecoin success story to come out of the ongoing bear market.
Bone ShibaSwap ($BONE): The governance token with voting functionalities for the ShibaSwap DEX. As part of the Shiba Inu memecoin ecosystem, BONE hosts both utility and pump potential.
The Best Crypto Memecoins Reviewed
Pikamoon (PIKA) - A Pokémon-esque Memecoin With Gamified Utilities
Despite, on surface, appearing as a memecoin that pays homage to the Pokémon franchise, PIKA stands out in this list due to the overarching utility it possesses.
More specifically, PIKA is the governance token of play-to-earn (P2E) NFT game Pikamoon, meaning its value is not only tied to its status as a memecoin GOAT, but also the adoption rates of the game.
And with regards to this latter point, things are looking rather optimistic, as Pikamoon offers a high-potential Web3 gaming experience based around open-world exploration, strategy, and combat. Such experiences come to fruition through the use of Pikamoon NFTs, which players can upgrade and pimp-out thanks to the in-game Pikamoon store.
What makes PIKA even more bullish is the fact that each $300 investment comes with a free Pikamoon NFT. In of themselves, Pikamoon NFTs are said to be worth upwards of $300 already, however those who stumble across one of the 18 God Pikamoons - i.e. the rarest Pikamoons of them all - could be looking at $10K+ profits from their free-to-claim NFT.
In turn, this means that PIKA investors have the ability to enjoy profit-taking opportunities from both their pumping PIKA holdings, as well as through simply trading their free Pikamoon NFTs…and of course, through also engaging in the game’s seamless P2E gameplay.
In reverting back to PIKA, this memecoin is the currency which players must use when making their upgrades, meaning once the game is rolled-out to the masses, demand for the coin will skyrocket. As simple economics suggests, PIKA hodlers should then be able to enjoy huge price-pumps on their assets.
$PIKA is available to purchase via its third presale round at $0.0006 per token. Here, each round was allocated 5 billion tokens, with over $4.27 million being raised through 12.1+ billion token sales (and counting).
The total supply of $PIKA is capped at 50 billion, and 0.5% of all tokens spent in the ecosystem will be burnt to help limit the supply in the long run.
To discover more about this magical metaverse and its all-empowering $PIKA token, have a read of the Pikamoon whitepaper.
Purchase Methods: ETH, USDT
Min/Max Investments: None
Dogecoin (DOGE) - The OG Memecoin Adored By Elon Musk
Dogecoin- which is based around a meme featuring Japanese dog breed ’Shiba Inu’- is the unequivocal OG of the memecoin space… as for many, Elon Musk’s obsession over the token may’ve been their first exposure to the crypto sphere.
Poking fun at the vast array of utility-less crypto projects at the time, Dogecoin was launched back in 2013 by software engineers Billy Markus and Jackson Palmer as nothing more than a joke.
After a quiet first few years- and after catching the eye of Elon Musk because “it has the best humour and it has dogs”- the coin took flight in the Spring of 2021, transforming many degen traders and meme lovers into crypto millionaires.
Here it hit its all-time-high of $0.74, which, in turn, saw its market cap exceed a whopping $88.8 billion on May 8th 2021.
At the time of writing (August 2023), DOGE is trading for around $0.066.
Purchase Methods: Credit Card & Crypto on CEXs
Min/Max Investments: None
Pepecoin (PEPE) - A Classic Meme Inscribed Into the Crypto History Books
Back in 2014 when internet memes first began piercing themselves into the mainstream consciousness, Pepe the Frog - a green anthropomorphic frog with a humanoid body - was one of the movement’s flagship faces.
Come April 2023, its namesake crypto token then graced the Ethereum blockchain. With inspiration from memecoin royalty Dogecoin (DOGE) and Shiba Inu (SHIB), PEPE launched with a relentless, meme-loving online community at its backing.
Upon launch, the coin exploded almost instantaneously through its market cap catapulting to over $1.5 billion. With its value seemingly ‘10x-ing’ overnight, PEPE’s price pump was one of the most powerful illustrations of a crypto community rallying behind its culture without any concern for the market.
Despite achieving unprecedented success at launch, PEPE is now trading at $0.0000008353, which is a drastic fall from its all time high of $0.00000431.
Purchase Methods: Credit Card & Crypto on CEXs
Min/Max Investments: None
Bone ShibaSwap (BONE) - One Third of the Gigantic Shiba Inu Memecoin Metaverse
BONE lives alongside Shiba Inu (SHIB) and Doge Killer (LEASH) to form an in-development metaverse dubbed as "the best Decentralized Ecosystem (DECO) on the planet”.
Based on the ShibaSwap DEX, ownership of BONE allows ‘Shib Army’ members to create and vote on upcoming proposals for the platform, as well as access any future NFTs (with more tokens equating to more voting powers).
In adding even more utility to the token, BONE holders can also DIG (provide liquidity as ShibaSwap Liquidity Pool), BURY (stake), SWAP ERC-20 tokens to receive WOOF returns (rewards), FETCH (migrate Uniswap V2 liquidity to ShibaSwap to earn additional BONE), and utilise the BONEFOLIO (ShibaSwap analytics).
After reaching an all-time-high (ATH) of $465 million back in February 2023, the coin’s market cap now sits at around $250 million. Additionally, its current (September 2023) price of $1.08 is a fall from its November 2021 ATH of $3.23.
Purchase Methods: ETH (on ShibaSwap, Uniswap (V3), Gate.io, Poloniex, Bitget, and more)
Min/Max Investments: None
What Are Crypto Memecoins?
As the name suggests, memecoins are crypto tokens that are attached to particular internet-birthed jokes (a.k.a. memes).
Memes- and therefore their corresponding coins- have no boundaries when it comes to their premises, meaning these cryptos can literally be about anything.
Across memecoin folk law, Pepe ($PEPE) has been a stand-out performer of 2023, having surpassed a $1 billion market cap in as little as three weeks.
In the grand scheme of things, Elon Musk and the infamous Dogecoin ($DOGE) achieved GOAT status after reaching a peak market cap of $85 billion in May 2021.
Are Crypto Memecoins Good Investments?
Memes come and go, meaning by nature, so can the relevancy and value of their corresponding crypto coins.
Whilst moments of virality may offer small windows for maximising profits, meme tokens are innately volatile, which ultimately means that several factors should be considered before making an investment. These factors include:
Presence/lack of fundamental value and utility
Possibility of market manipulation
Before making a memecoin investment, you should also consider whether you’re focused on short or long-term ROIs, as well as how diverse your investment portfolio is.
How to Find the Best Crypto Memecoins to Buy
As demonstrated by the likes of Pikamoon, crypto presales are one of the best ways for getting early access to high-potential memecoins.
Crypto presales distribute tokens to early investors on a first-come, first-served basis through events such as ICOs. Further, these allow investors to acquire the coin before it’s listed on publicly available crypto exchanges.
In the case of coins such as Tamadoge ($TAMA), those who’ve participated in presales have seen their coins 20x once listed on exchanges. Intuitively, this is because presales sell their tokens below their true market rate (in exchange for development funds).
Market Cap & Liquidity
A memecoin’s potential can often be identified via its market cap, with multiple hundred-billion dollar projects such as Bitcoin and Ethereum demonstrating unwavered strength (and liquidity). Alternatively, meme coin projects with smaller market caps indicate better growth opportunities.
Development Teams, Community, & Project Roadmaps
Utility is a huge aspect of a crypto project, and this can largely come down to its development team, community, and roadmap.
A strong development team with a proven track record can indicate a prosperous project, meaning it’s important to research their backgrounds, experiences, and previous contributions to the cryptocurrency ecosystem.
It also goes without saying that doxxed teams are always preferred.
Further, projects that also have strong communities and roadmaps - which you can analyse across their social media and website- are more likely to succeed.
Conclusion: What Are the Best Crypto Memecoins to Invest In?
With many of the big-hitting memecoins being beyond their peaks, as well smaller projects facing a wrath of uncertainty, our top pick from the lists appears to have found a (very) happy medium…
And that is, Pikamoon (PIKA).
This is because such memecoin, utility, and GameFi token is tipped to skyrocket once the highly-anticipated Pikamoon title is rolled-out. With its AAA-standard gaming experience set to draw-in the masses, the token’s demand is forecast to surge once its user base gets up and running… doing wonders for not only its utility, but also its underlying value.
Additionally, the project has already sold billions of tokens, as well as garnered thousands of X followers through organic hype. Such achievements come in the lead up to its respective hard launch, meaning even more value may explode from them in weeks to come.
PIKA is still on sale via its discounted ICO, meaning it’s still not too late to invest in this gem.
Which Crypto Has the Best Future?
By virtue of being mentioned here, we predict that all out suggested coins have a prosperous future moving forwards.
Here, it then depends on your preferences, as whilst investments in the likes of Ethereum may boast the most security, greater gains may be experienced by investing $PIKA, which will soon be governing ‘the Pokémon of Web3’ Pikamoon.
How Do I Buy Cryptocurrencies?
Buying cryptocurrencies involves several steps, with the following being a general guide:
Choose a Cryptocurrency Exchange: Research and select a reputable cryptocurrency exchange that supports and sells the cryptocurrencies you want to buy. Examples include Coinbase, Binance, and Kraken.
Create an Account: Next sign up for an account on your chosen exchange. Here you’ll have to provide the necessary identification and verification documents as required by the exchange.
Deposit Funds: Deposit funds into your exchange account using methods such as bank transfers, credit/debit cards, or other payment options accepted by the exchange.
Buy Cryptocurrency: Once your account is funded, navigate to the trading section of the exchange and choose the cryptocurrency you want to buy. Then enter the amount and place your order. Here you can typically purchase cryptocurrencies using other cryptocurrencies, as well as fiat currency like USD, EUR, etc.
Secure Storage: After purchasing, it's recommended to move your cryptocurrencies from the exchange to a private wallet for enhanced security. However if you wish to benefit from services such as trading and staking, you can do so by using the funds you have stored on exchanges.
As with the likes of PIKA, crypto can also be purchased through ICOs. Here, investors must connect their crypto wallets/credit cards to the ICO’s page in order to make purchases.
How Do I Store Cryptocurrencies?
There are two main methods for storing cryptocurrencies using cryptocurrency wallets/addresses.
Crypto addresses on exchanges: Most exchanges offer wallets for each cryptocurrency they support, with each being accessible within one interface. Although convenient, storing cryptocurrencies in an exchange wallet makes them susceptible to security breaches or hacking incidents, as well as at risk of being lost if the exchange doesn’t have enough assets in reserve.
The safer way to hold cryptocurrencies is through the two types of crypto wallets:
Hot Wallets: These are online wallets that are accessible through the internet or mobile apps. They are convenient for frequent transactions, and often allow for assets from different blockchains to be stored in one place.
Cold Wallets: These are offline wallets that involve storing your cryptocurrencies physically. Also known as hardware wallets, cold crypto wallet devices such as Ledger and Trezor offer maximum security through securely storing private keys offline.
It is also advised to store your public and private keys via ‘paper wallets,’ which involves writing them down and placing them in a secretive and safe place.
Want More Cutting-Edge Crypto News?
Sign up to our newsletter at the bottom of the page
This article is intended for educational purposes and is not financial advice