Shiba Inu (SHIB) is a popular meme coin project that launched in 2020. It’s based on the dog breed of the same name, inspiring thousands of other meme coins to adopt a similar narrative. Shiba Inu is one of the most successful meme coins for price performance. It’s up over 1 million percent since its inception, even though current prices are a fraction of all-time highs. Instability can make meme coins a risky investment, as prices may fluctuate dramatically over short periods.
Why Gate.io is the Best Exchange for Buying Meme Coins
These coins usually aren’t ideal if you’re trying to build long-term wealth, protect your money from inflation, or invest safely over time. You need crypto to buy meme coins (usually ETH or BNB, depending on the blockchain). The developers pump the price, get people to invest, then suddenly disappear with all the money. Meme coins are cryptocurrencies created to follow trends, employ humour, and build a sense of community to attract users.
DeFi Use Cases—Real-World Applications of Decentralized Finance
For example, suppose that yesterday you invested $1,000 in GameStop Coin. This should be a reminder that meme coins should only be purchased with funds you can afford to lose. They might buy Shiba Inu and Floki on Ethereum, Popcat and Bonk on Solana, and Brett and Mochi on Base. This links back to our earlier discussion on ecosystem narratives, whether specific meme coin networks enjoy extended pricing rallies. Owning meme coins from the most popular meme coin ecosystems is a great way to ensure broad market exposure.
- In a nutshell, Base is a native layer-2 network backed by Coinbase.
- In terms of price potential, Brett trades well below its all-time high, previously surpassing over $2 billion in market capitalization.
- Their value often depends heavily on social media influence and investor sentiment.
- Our research shows that narratives also play a major role in meme coin price performance.
Step 4: Pick the Meme Coin You Want to Trade
At the same time, while meme coins present the possibility of substantial returns, they also come with significant risks. Although some of these digital tokens may possess a high market cap, meme coins are often priced much lower than traditional cryptocurrencies. This helps make them a more affordable alternative to new investors who may not have the capital to buy a whole Bitcoin (BTC) or Ether (ETH) token. One of the defining features of meme coins is their community-driven value, which sets them apart from more traditional cryptocurrencies.
Rug pulls occur when the developers of a meme coin (or other crypto project) suddenly withdraw their funds, delete sites and social media accounts, and disappear. This type of scam leaves investors with worthless tokens, highlighting the importance of researching the credibility of a meme coin project and its dev team. It’s been stated that while some meme coin tokens have offered great returns for investors, they also carry significant risks compared to other investments and cryptocurrencies. At the same time, potential investors should be wary of putting money into any cryptocurrency project due to peer pressure or FOMO.
The Convert tool is recommended for ease of use, although it may involve minor spread costs. Choose the coin you want to convert and the coin you want to receive, then confirm the swap. In the “Trade” section, click “Spot.” In the search field, search for meme coin pairs such as DOGE/USDT, SHIB/USDT, or FLOKI/USDT. Input the quantity to purchase and select “Market” or “Limit” order.
Dogecoin (DOGE) – The Biggest Meme Coin by Valuation and Holders With Long-Term Growth Potential
Some meme coins are also available during presales directly from developers’ websites. Hot wallets are connected to the internet, making them convenient for frequent trading but more vulnerable to security risks. These wallets are ideal for active traders but require extra caution, simple binance coin trading strategy simple binance coin trading binance strategy such as enabling two-factor authentication (2FA) and strong passwords. DEX are blockchain-based platforms that enable peer-to-peer trading without intermediaries. Users trade directly from their crypto wallets, ensuring greater control over their funds.
Therefore, let’s walk through a simple, step-by-step guide on how to buy meme coins from a centralized exchange, making the process easy and accessible for you. Just a Chill Guy ($CHILLGUY) is a meme coin that’s all about being low-key and calm. It’s a vibe that many in the crypto community aspire to, which is why the token has amassed a massive community and a $100+ million market cap. Spinning Cat ($OIIAOIIA) is one of the latest cat-themed meme coins to break through and go viral.
Unlike aggressive meme coins, Apu thrives on heartwarming narratives and nostalgic art. It appeals to a community that values comfort, humor, and inclusivity. Setting realistic expectations for future price growth is paramount when investing. Otherwise, you just end up hoping for the best without a concrete plan or price target in mind. After funding your exchange account via one of the three options listed in the previous step, go to the trading page and search for the cryptocurrency you want to buy.
Determining whether now is a good time to buy, sell, or hold Memecoin depends mostly on your individual investment strategy. However, a combination of fundamental and technical analysis can help shed some light on what course of action should be taken. With CoinCodex, you can easily monitor your Memecoin investment using a suite of crypto tools designed to make investing accessible and efficient. More experienced investors can try to time the market or engage in technical analysis to become more proficient at entering and exiting positions. Meme coins often require higher slippage settings due to volatility. Keep extra funds for transaction fees, especially on networks like Ethereum.
Meme coins are highly speculative and extremely volatile, making them risky investments. While some have seen significant gains, this does not guarantee future performance as they also carry a high risk of loss. Investors should carefully consider their risk how to buy audius tolerance, conduct thorough research, and be prepared for potential price swings. Dogwifhat is a newer meme coin that also draws inspiration from internet culture and humor. Built on Solana and featuring a logo of a dog in a hat, WIF has garnered attention through its unique branding and an active community. Shiba Inu is often referred to as the “Doge killer,” emerged in 2020 as a rival to Dogecoin.
Search for the desired meme coin, enter the amount you want to buy, and confirm the transaction. Search for your desired meme coin (e.g., DOGE, SHIB, or PEPE) and select the appropriate trading pair (e.g., USDT/DOGE or BTC/SHIB). BitDegree aims to uncover, simplify & share Web3 & cryptocurrency education with the masses. Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges & wallets in one place.
- To discover the upcoming best meme coins, you need to follow blockchain launch platforms, social media trends, and community-driven tools that track new tokens in real-time.
- For those curious about how to find the next meme coin that’s promising for long-term investments, you can keep an eye on social media trends and read crypto news.
- Yes, some meme coins like Shiba Inu (SHIB) and Floki Inu (FLOKI) offer staking options, allowing holders to earn passive income.
- In order to get ready to buy tokens, let’s go with the former and link your bitcoin wallet to the presale portal.
- The platform offers both spot and futures trading for meme coins, allowing users to choose strategies based on their risk tolerance.
If you’re wondering how to buy meme coins, you’re not alone – many are eager to hop on the bandwagon to potentially capitalize on their growth. But buying these coins requires a bit of know-how, especially with the variety of options available in 2024. Altcoins, on the other hand, are alternative cryptocurrencies, which offer better technologies and improvements compared to Bitcoin (BTC). Some of the most popular altcoins include Ethereum (ETH), XRP and Solana (SOL). For finding meme coins early, check the latest trends in the crypto industry and follow prominent crypto influencers. The very first meme coin was how to buy kishu inu coin Dogecoin (DOGE), created as a joke based on the famous Shiba Inu dog meme favored by Elon Musk.
DEXs offer complete anonymity, considering there’s no account opening process or requirement to upload ID documents (unlike regulated exchanges like Coinbase and Kraken). Another benefit is that meme coins enable investors to build and store wealth away from centralized intermediaries. For example, Shiba Inu, FLOKI, and other established meme projects continue to build use cases. This includes anything from DeFi tools and play-to-earn games to metaverse real estate. Ultimately, there’s a lot to learn when exploring the best meme coins. Key factors include your investing goals (e.g., short or long-term, profit targets), preferred strategy, and risk tolerance.
Notably, $CHILLGUY is listed on Binance for trading, but not on Coinbase. So, there could be a major catalyst ahead for the token if it’s able to score a listing on the US’s largest exchange. This is a token to watch that could be headed for the upper echelons of the meme coin sector. The meme coin market has been on fire this week, putting an end to traders’ April woes and reigniting hopes that a meme coin supercycle could be just around the corner. Yes, meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) are available on both platforms. Dogwifhat (WIF) is a rising meme coin in 2025, gaining momentum on Solana.
Instead of relying on a central authority, they allow users to trade directly from their wallets using smart contracts2. This setup provides more control over your funds and eliminates the need to trust a third party. Once you’ve chosen your centralized exchange, the next step in this how to buy meme coins tutorial is to create and verify your account. Let’s use Binance as an example and walk through the process like I’ve tried myself. Meme coins are highly speculative cryptocurrencies inspired by popular internet memes. Typically, these assets have no fundamental value and rely entirely on community-driven hype for growth and adoption.
This method can seem more complex, but once you get the hang of it, it’s a convenient way to access various meme coins. Bitget also has its own DeFi wallet, where users can find a special tool called MemeX. With this feature, traders can easily find new and trending meme coins that have the potential for high returns and trade these tokens just with one click. MemeX supports coins on Solana (SOL) and BNB Smart Chain (BSC) and has a very intuitive interface. The exchange supports spot and futures trading for 400+ tokens, including top meme coins.
