What Are Memecoins and How Do They Work?

Almost all meme coins are initially launched on decentralized exchanges (DEX). No formal application or approval is needed – anyone can add meme coins to a DEX by providing liquidity. The best cryptocurrencies to buy, however, trade on centralized exchanges (CEX) like Binance, Kraken, and Coinbase. Read on to discover the best meme coins to buy in 2025, ranked by their upside potential, market capitalization, price performance, community size, token supply, and other important metrics.

However, bitcoin has been on the slide in recent weeks, declining more than 20% from January’s record price of just over $109,000 to under $84,000 on Wednesday. Trump’s crypto-friendly pledges during his campaign, branding himself as the crypto candidate, helped to boost bitcoin to new highs. Researchers say that unknowing investors can be easily fooled by copycat coins. $Trump surged from $7 to $74 in a day, according to crypto price tracker CoinMarketCap. It’s fallen about 55% in the past month and was trading at about $11 on Thursday, per Coinbase.

Verify the details on your Ledger Nano X screen, and confirm the transaction. This ensures all actions are securely processed through your hardware wallet, protecting your assets. A beginner’s guide on how to buy meme coins and what to look out for. Jon is a senior writer at CoinCodex, elon musk sends bitcoin soaring 20pc specializing in blockchain and traditional finance.

What Are the Risks of Investing in Meme Coins?

This unique project leverages AI-based avatars and chatbots, rewarding users for their engagement while increasing token demand. Curious about where to find meme coins or which exchanges offer them? Many are intrigued by meme coins but don’t know how to start acquiring them. While Dogecoin is widely known, finding other meme coins can be quite a task.

The step-by-step guide to trading on the Mecca of meme coins.

The best practice is to compare price trends with wider market conditions. For instance, suppose the total value of all meme coins has increased by 15% in the past week. You’ve discovered a meme coin with 90% gains over the same period. We mentioned that the best meme coins to buy today generally trade on tier-one CEXs, such as Binance and Coinbase. Conversely, new and small-cap meme coins trade on DEXs, which have limited volumes and liquidity. Therefore, exchange listings should be considered when selecting meme coins to purchase.

  • We’ve explored the key benefits of meme coins, from their high-growth potential and short-term gains to 24/7 market access.
  • In its presale, BOOK OF MEME sold 50% of the token supply to participants.
  • Meme coins are traded 24/7 globally, with millions of market participants looking for the next 100x gem.
  • The extreme price volatility of these assets can lead to substantial losses, particularly due to their susceptibility to pump-and-dump schemes and market manipulation.
  • Platforms like Solana and Ethereum host many presale events, where developers raise funds for their projects by selling tokens before the official launch.

Although those tokens are locked in various vesting schedules, the first batch will released in April 2025. The likelihood is substantial selling pressure, with insiders cashing out their proceeds. This could lead to a much broader sell-off, even if OFFICIAL TRUMP is backed by a sitting President.

Both decentralised exchanges (DEX) and centralised exchanges (CEX) sell meme currencies. A large assortment of meme currencies are available for trading on well-known sites like BTCC. Once the meme coin of your choice has been chosen, indicate how much you wish to purchase or exchange. Enjoy our special welcome offer and get up to $600 in trading free credit on Binance how to buy barnbridge crypto exchange. With CoinCodex, you can easily monitor your Memecoin investment using a suite of crypto tools designed to make investing accessible and efficient.

That is to say you can sell BTCUSDT futures without owing any BTC Coin. The settlement time of these futures type is different, you can check the time for settlement for each product here. It’s now time to put money to your account because it has been opened and verified. Using a supported payment how to buy leash coin method, such as a credit card or bank transfer, add money to your eToro account. Go to its official website and select “Join BTCC” as your first step.

Setting Up a Cryptocurrency Wallet

Let alone a functioning website, whitepaper, and roadmap targets. “Creators” simply need to choose a meme coin name and narrative, and pay a small fee to launch. Meme coins are traded 24/7 globally, with millions of market participants looking for the next 100x gem. Meme coins are frequently dedicated to popular trends and political figures, too. In addition to OFFICIAL TRUMP, political meme coins include Melania Meme, Department of Government Efficiency, and MAGA.

Market capitalization is another important factor when assessing the best meme coins to buy. Projects with a large market capitalization are the most popular, such as Dogecoin, Shiba Inu, and Pepe. These meme coins benefit from significant trading volumes and liquidity, making them easy to trade. Some analysts claim that Pepe is one of the top meme coins to buy. Pepe is based on Pepe the Frog, a popular character from the Boy’s Club comic series. It launched in early 2023 when the wider meme coin markets were bearish.

  • Finally, investors can get in on the fun and often speculative cryptocurrency trading action with meme coins.
  • You can add Memecoin and any of the more than 20,000 crypto assets tracked by CoinCodex to your crypto portfolio, where you can track the performance of all your cryptocurrencies in one place.
  • After you confirm the recovery phrase by selecting the correct words, your Ledger should be ready.
  • Shiba Inu is a meme coin issued on the Ethereum blockchain as an ERC-20 token.

Token Sales

Under the ‘Swap’ option in the ‘Trade’ tab, select the crypto you own and the meme coin you’d like to buy. For this example, let’s say you’re interested in Based Brett (BRETT), a meme coin on the Base blockchain. A great example is Magic Eden, which lets you buy meme coins from several different blockchains through its token ‘Swap’ feature. Eventually, you will be able to have a cross chain swap without needing to bridge back and forth between chains. Most often they’re just memes by themselves as they usually offer no utility other than the joy of speculating on the market.

The announcement was made on Truth Social and X, with the markets responding immediately. Today, Pepe trades at a significant discount, like most meme coins. In terms of use cases, Pepe is a conventional meme coin, meaning it was created purely for hype and speculation. The entire supply of over 420 trillion tokens is in the public float. Our research shows that the vast majority of meme coins don’t have utility.

You should always leave a small amount of SOL in your wallet, as this will be needed to pay the transaction fee (also known as gas) when buying and selling. The best meme coins to buy are often discovered early by seasoned traders. First, consider following the main crypto news websites on social media and ensure notifications are switched on. In doing so, you’ll be aware of key market developments straight away. The vast majority of meme coins have small market capitalizations and limited trading volumes.

Large meme coin supplies are often physiological, making them appear cheap for retail investors. Large supplies also ensure sufficient tokens to build loyal communities. For example, the smart contract might prevent anyone but the founder from selling. It could also enable the founder to create an unlimited number of tokens. Another strategy is to implement a massive transaction tax, such as 99%.

You might consider some large-caps like Bonk and dogwifhat, alongside smaller-cap projects for higher returns. The good news, however, is that DEXs don’t have KYC (know-your-customer) requirements. Traders can buy and sell meme coins anonymously, meaning no personal information or ID documents are required.

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