The meme coin market is up 5% overnight, with some of the top meme coins showing double-digit returns.
Out of the top ten, Brett, Pepe, and dogwifhat are showing 7.5%, 9.1%, and 10.1% increases, respectively. Brett, with a market cap of $1.57 billion, looks set to flip Floki (FLOKI) — one of the more established meme coins that have a market cap of $1.67 billion.
If this happens, only two of the top five meme coins will have existed before 2023. This shows the huge appetite for fresh new meme coins.
For those looking for more high-risk, high-return investments, several promising lower-cap meme coins have recently launched or are in presale. Lets take a look at 5 of the best meme coins to buy now.
PlayDoge
PlayDoge ($DOGE) is an emerging meme coin that combines the iconic Doge with play-to-earn gaming. The token is inspired by the Tamagotchi games of the 1990s and allows users to care for their own virtual pet. Along the way, they will be able to earn PLAY tokens as rewards.
The nostalgic gaming experience is set apart by its multi-chain functionality. PlayDoge is available on both Ethereum and the Binance Smart Chain (BNB). That allows investors to yield staking rewards that align with their goals. ETH offers 126% annum with higher costs and slower speeds, while BNB offers 77% as a less expensive and faster option.
With over $5 million raised in its presale, PlayDoge has demonstrated strong investor confidence and community support. It has certainly become a meme coin to watch closely. You can buy $PLAY at a discounted price of $0.00512. As the P2E gaming sector continues to grow, PlayDoge’s innovative approach and strong market entry could make it a top contender in the crypto space.
MAGA
One explosive narrative this meme cycle is Politifi tokens — meme coins focused on political figures or campaigns — which already have a $1.3 billion market cap. While we’ve seen Biden-themed coins (Jeo Boden) and RFK Jr.-themed tokens (Kennedy Memecoin), almost all the top performers are focused on the crypto-friendly Donald Trump.
MAGA Hat (MAGA) is a Trump-themed coin focused on his instantly recognizable Make America Great Again red hat. It has been one of the breakout stars of the Politifi narrative, with the token up 3519.90% since its launch.
Now, as the election cycle heats up and after Trump has been found guilty on 34 felony counts, these tokens are experiencing another surge. MAGA Hat is up 24% overnight, and — when compared to MAGA (TRUMP)’s rise of just 2.3% — could be the Politifi meme coin to watch. It’s priced at just $0.0003666, meaning there’s plenty of room for growth here.
Pepe Unchained
Pepe Unchained |($PEPU) is a new Layer 2 solution that harnesses the iconic appeal of the Pepe the Frog meme. Frog meme coins have shown huge growth this year, and their market cap is up 11.5%, more than double that of the broader meme coin market. Now Pepe gets his own blockchain with Pepe Unchained.
As a Layer 2 solution, Pepe Unchained enhances transaction efficiency and reduces costs, driving more usage to Ethereum’s main chain. Layer 2 solutions are a fast-growing market, with Ethereum Layer 2 solutions expected to reach a $1 trillion valuation by 2030, according to VanEck.
Pepe Unchained allows users to stake and trade with $PEPU at unprecedented speeds while benefiting from lower gas fees compared to Ethereum. This optimization maximizes returns for $PEPU investors, who currently receive staking rewards of 2519%. You can currently buy $PEPU tokens for just $0.008064 in the ongoing presale.
Popcat
First created in 2020, the Popcat meme is an interesting newcomer to the market. The image shows off a cat named Oatmeal, and the ‘pop’ sound he makes. Its simple and quite hilarious, and culminated in a meteoric rise across the internet, inspiring the creation of its very own meme coin.
Since then, POPCAT has become the 4th largest meme coin on Solana. Its most recently seen its price surge by 20% displaying the ability to bounce back. It recently rallied from June lows of $0.289 to reach $0.4662 in May.
The token capitalizes on the popularity of cat coins and the explosion of the Solana meme coin community. The top 10 Solana (SOL) meme coins grew by $8.32 billion in the first quarter of the year, with most of this growth coming from newly launched meme coins.
WienerAI
Six out of the top 10 meme coins feature images of different dogs. So, it only makes sense to have the animal somewhere in this list. That’s where WienerAI (WAI) comes in. Indeed, the AI wiener dog has emerged as a popular investment option for meme coin traders.
WienerAI uses artificial intelligence trading technology to give it a leg up. The bot offers predictive features, and instant trades, and even comes with zero fees. The project has also introduced MEV protection for users to ensure fairness.
The token also features an MLP-powered chatbot that you can interact with for any advice you may need. The presale for the project raised $6.5 million and has shown strong confidence from investors. WAI tokens are available for just $0.000722 and could bring huge returns considering the market’s obsession with meme coins and AI.