As major meme coins surge, here are some smaller alternatives that could be the best crypto meme coins to buy now.
As Bitcoin (BTC) pushes back above $68,000 and eyes a retest of the record highs it printed last week, major meme coins continue to pump, but as their valuations become more bloated, traders are hunting for lesser-known alternatives that could be the best crypto meme coins to buy now.
Floki (FLOKI), Pepe (PEPE), dogwifhat (WIF), Bonk (BONK), Shiba Inu (SHIB) and Dogecoin (DOGE) are all in the top 10 best-performing cryptos on Friday, up between 10-60% in 24 hours, as per CoinMarketCap.
But each of these meme coins now have a market cap of at least $2 billion.
Dogecoin and Shiba Inu, meanwhile, have market caps of above $20 billion.
That suggests the room for upside is becoming more limited.
A meme coin valued under $100 million is much more likely to be able to secure 100x gains, for example.
Meme coin investors are thus hunting for smaller valuation, high-potential alternatives.
Here are a few promising meme coins that could be the best crypto meme coins to buy now.
Best Crypto Meme Coins to Buy Now
Scotty the AI ($SCOTTY)
Scotty the AI is a brand new Ethereum-based dog-themed meme coin, but with an important difference.
Scotty the AI isn’t just another Shiba Inu. Scotty is a Scottish Terrier.
And unlike the likes of Dogecoin, Shiba Inu and Bonk, Scotty is a meme coin that is packed with utility.
Scotty the AI features an agile threat-detecting AI system that tirelessly ensures the integrity of the cryptoverse by sniffing out potential threats, suspicious transactions, network anomalies, and security breaches.
And Scotty is rewarding his army of fans with his unconditional loyalty as their on-chain, AI-powered guard dog.
Scotty the AI also features a security chatbot and will be the star of an upcoming play-to-earn (P2E) game.
Scotty the AI just launched an initial coin offering (ICO).
Having already raised a whopping more than $4 million, it’s already being talked about as 2024’s best presale.
Investors are racing to secure their $SCOTTY tokens given they are on sale for $0.00803 each, a very low price.
Indeed, given the total $SCOTTY supply of 1,734,567,890, investors getting tokens at $0.00803 are essentially buying to Scotty at a market cap of around $14 million.
If Scotty achieves its goal of becoming a household meme coin name, it could easily reach $200 million.
Scotty thus ranks as one of the best crypto meme coins to buy now.
Smog (SMOG)
A Solana-based meme coin called Smog (SMOG) has been turning a lot of heads recently as its price pumps.
Its price has pumped nearly 8x since late February to reach a market cap of $270 million, as per DEXTools.
The dragon-themed token markets itself as offering Solana’s greatest airdrop of all time.
Traders can qualify for the airdrop by buying a holding SMOG on Solana, or staking the token on Ethereum.
Even though its market cap remains modest, SMOG already boasts a strong community.
Indeed, as per birdeye.so, it already has over 60,000 holders.
Given all the excitement about Solana airdrops in recent months, SMOG could gain significant interest in the coming weeks.
SMOG could deliver at least 10x gains to investors, hence its rank in the best crypto meme coins to buy now.
Traders should note that they can clinch a 10% discount when buying SMOG directly through the project’s website.
They can also stake their tokens for a 42% APY.
Sponge (SPONGE)
The legendary Sponge (SPONGE) meme coin has been making a big comeback in 2024 after recently migrating to Polygon.
The original Sponge token nearly hit a market cap high of $100 million last year.
However, the token migrated to Polygon to make use of its lower fees and faster transactions a month ago.
And the migration to Polygon has ignited a surge in the $SPONGE price.
Last at $0.0036, $SPONGE is up over 400% since its February 5 Polygon launch.
That gives the token an impressive market cap of just over $147 million, as per DEXTools.
And Sponge could go a lot higher, give it isn’t just any old utility-lacking meme coin.
The new ICO offers a passive income opportunity and also functions as the native token of a play-to-earn (P2E) racing game.
Sponge buyers who stake their tokens can secure yields of up to 650%, as per the official Sponge website.
Meanwhile, the P2E game will see players competing against each other for ranks on a global leaderboard. Racing rewards are paid out in SPONGE V2.
But perhaps the most exciting thing about Sponge is that it’s still super early to get into the coin.
Meme coins like Bonk, Dogwifhat, and Pepe have shown how an upstart meme coin can reach a multi-billion-dollar market cap.
The meme coin’s website is also teasing that it will soon launch on bigger and better exchanges, which could bring a wave of new buyers to $SPONGE.
At under $150 million, Sponge could be looking at 10 or even 100x upside from here.
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