5 memecoins to buy now

It's no secret that memecoins are the main stars of the cryptocurrency bull cycle in 2024. These cryptocurrencies, previously seen as jokes, now form a market whose value already exceeds US$60 billion.

In addition to already established names, the year 2024 saw a strong increase in the number of pre-sales, which are the best opportunities to acquire memecoins at a low cost. It's no surprise that most of the promising memecoins in this cycle hit the market less than six months ago.

A great example of this are political memecoins, like TRUMP, which recently made a trader stand millionaire investing just US$96. But in addition to them, other memecoins have excellent windows of opportunity for purchase, and today you will learn about five of them:

Memecoins

Pepe Unchained

In 2023, PEPE was the memecoin that started the recent bull cycle, presenting returns that exceeded 100,000%. Today it is still one of the biggest memecoins, but its ecosystem is expanding. And Pepe Unchained promises to be the evolution of the “Pepe multiverse” in every way.

One of the highlights of the new network is its token, $PEPU, which offers passive income generation through a staking service. This service, according to the project website, is paying 104% per year and offers a consistent return for token holders.

Additionally, Pepe Unchained created a Layer 2 solution that enables faster and lower-cost transactions. This system promises to be 100 times faster than Ethereum (ETH) and offer much cheaper transactions, focusing on the launch of other memecoins.

Therefore, both proposals put Pepe Unchained in the ideal position to earn great returns, which made the project raise more than US$21 million in its pre-sale at the time of writing this article.

Dogwifhat (WIF)

WIF needs no introduction, as it is currently the largest memecoin on Solana by market value – and the fourth largest among all memecoins. Its mascot is a friendly little dog wearing a hat and it is a classic memecoin, but it has managed to develop a large community.

Currently, the WIF is trading at a steep discount to its March all-time high, presenting an opportunity for new buyers to enter ahead of its next leg higher. With its price worth US$2.40, it is quoted 44% below the top.

With the growth of Solana memecoins, WIF has everything it needs to recover these highs and appreciate even more during the current cycle. After all, a large part of its value follows the growth of SOL itself – and its blockchain.

SPX6900

“It’s the S&P 500 plus 6,400.” With this satirical phrase, this memecoin reveals its proposal right away: playing with the largest stock index in the world, the S&P 500. Even the memecoin ticker (SPX) is a reference to the United States stock index, which has the same code.

The project website itself has several jokes like “SPX6900 It is the greatest invention since the creation of money.” Created on Ethereum, this memecoin, like WIF, is for pure entertainment purposes. But it mainly focuses on accessibility and trading efficiency.

Additionally, the SPX6900 serves multiple use cases including trading, staking, and interest earning. Users can buy and sell SPX tokens on decentralized and centralized exchanges, benefiting from price volatility. Staking generates passive income for token holders.

In its latest update, the SPX6900 introduced features such as automated trading via grid bots and smart portfolio management. Such improvements helped memecoin to stand out and today it occupies a position among the 20 largest in the market.

MICHI

Michi ($MICHI) is another memecoin built on the Solana blockchain. It is mainly used for trading and investment purposes. The token can be bought and sold on various exchanges, including decentralized and centralized platforms like Raydium, Meteora, and MEXC.

It was precisely this adoption among several exchanges that contributed to memecoin being on this list. Its total supply is just over 555 million, a reasonable value for a memecoin. But its tokenomics model is deflationary, meaning the supply of tokens falls instead of increasing.

To do this, the network burns a portion of the token MICHI in each transaction, reducing the total supply. This mechanism aims to increase the value of the token over time through scarcity. Additionally, a percentage of transactions are allocated to the marketing portfolio, ensuring sustained growth and visibility for the project.

POPCAT

The memecoin phenomenon started with dog memes like DOGE and Shiba Inu, and they are still prevalent in this market. However, cat memecoins began to gain ground in 2024 and are ready to bring rivalry from the animal world to the digital world.

The one that stood out most among the cat memecoins was POPCATcreated on Solana and the largest of them in market value. The token was inspired by Pop Cat, a meme that emerged in 2020 and soon gained its admirers.

The meme features a cat that when the user clicks on the animal, it opens its mouth and makes a sound similar to “pop”. There is also a counter on the page that records the number of “pops” made by the user. In one of the images, the cat has its mouth closed. In the other, he has his mouth open, edited to have an “O” shape.

Since then, users have shared hundreds of images inspired by the meme. In them, the kitten appears amidst landscapes, public figures, pop culture characters, film sets and even other famous memes. And POPCAT took this meme to the blockchain with huge success.