Crypto traders seeking quick profits are on the hunt for top meme coins to purchase, yet they encounter a quandary: should they opt for meme coins on the Solana (SOL) blockchain or on Ethereum (ETH)?
Both blockchains boast distinct advantages and drawbacks. Solana offers minimal fees and rapid transaction times, whereas Ethereum grapples with steep fees and slower transaction speeds. Nevertheless, Ethereum remains the primary hub for on-chain liquidity, evidenced by its Trade Value Locked (TVL) reaching close to $150 billion according to DeFi Llama. In contrast, Solana’s TVL sits slightly above $8 billion on the Solana network.
When evaluating the best meme coins for purchase, traders would be wise not to overlook either blockchain. Both play crucial roles in the web3 ecosystem and exhibit enduring presence.
With that said, let’s explore the top meme coins available on both Ethereum and Solana.
Best Meme Coin to Buy Now
Shiba Inu
Shiba Inu ($SHIB), an Ethereum-based meme coin, has surged significantly amidst the recent rally in meme coin prices.
In the last month alone, $SHIB’s market capitalization has surged by nearly fourfold, according to data from CoinMarketCap. Presently, its market cap stands at approximately $20 billion, though it reached a peak of over $50 billion back in 2021.
Considering the possibility of the current crypto bull market surpassing the highs of the 2020/2021 bull market, Shiba could potentially see gains of 3-4 times its current value.
Given these dynamics, Shiba emerges as a compelling option among meme coins for investment at the moment.
Scotty the AI
Introducing Scotty the AI, a fresh addition to the Ethereum-based meme coin scene, but with a unique twist – Scotty is not just another Shiba Inu; he’s a Scottish Terrier.
Setting himself apart from the crowd of Dogecoin, Shiba Inu, and Bonk, Scotty stands out as a meme coin infused with practicality.
At the core of Scotty the AI is an agile, threat-detecting AI system. This vigilant AI tirelessly monitors the cryptoverse, identifying potential threats, suspicious transactions, network irregularities, and security breaches.
Scotty rewards his devoted followers with unwavering loyalty, acting as their on-chain, AI-powered guardian.
Beyond its security features, Scotty the AI boasts a security chatbot and is poised to take center stage in an upcoming play-to-earn (P2E) game.
Excitingly, Scotty the AI has just launched its initial coin offering (ICO), inviting enthusiasts to join its journey from the outset.
With an impressive fundraising total surpassing $800,000, Scotty the AI’s presale is already being hailed as the standout event of 2024.
Investors are eagerly vying for $SCOTTY tokens, priced at a mere $0.00605 each, representing an exceptionally affordable entry point.
Considering the total $SCOTTY supply of 1,734,567,890 tokens, those acquiring tokens at $0.00605 are essentially acquiring Scotty at a market capitalization of approximately $10 million.
Should Scotty fulfill its ambition of becoming a ubiquitous meme coin, its market cap could effortlessly soar to $200 million.
Given these promising prospects, Scotty emerges as one of the premier meme coins to acquire at this moment.
Dogwifhat (WIF)
Emerging as a contender in the Solana ecosystem, the latest meme coin, Dogwifhat (WIF), is in a tight race with Bonk (BONK) to claim the title of the flagship meme coin.
WIF recently surged nearly 10 times in value over the past 30 days, propelling its market capitalization to a substantial $1.8 billion.
Featuring an amusing depiction of a dog adorned with a hat, WIF holds promise in catching up to the popularity of Shiba Inu.
This surge indicates the potential for gains of up to 10 times the current value, making WIF an intriguing prospect for investors.
Despite its recent surge, it may still be early to fully capitalize on WIF’s potential.
Nevertheless, WIF stands out as a strong contender for the title of the best Solana-based meme coin to acquire at present.
Smog (SMOG)
Gaining attention in the Solana ecosystem is the lesser-known meme coin alternative, Smog (SMOG), which has been making waves of late.
This dragon-themed token distinguishes itself by offering what it claims to be Solana’s most significant airdrop to date.
Traders can qualify for this airdrop by either purchasing and holding SMOG on Solana or staking the token on Ethereum.
Despite its modest market cap, standing at just over $70 million, SMOG has already garnered a dedicated community. Notably, according to birdeye.so, it boasts a substantial holder base of over 30,000 individuals.
Given the recent enthusiasm surrounding Solana airdrops, SMOG is poised to attract considerable interest in the weeks ahead.
With the potential to deliver gains of at least 10 times the current value, SMOG rightfully earns its place among the top meme coins to consider for investment.
