11 Best Memecoins on the Ethereum Network, Investors Must Know!

Bittime - Memecoin has become a phenomenon that cannot be ignored in the crypto world. With the increasing popularity of memecoins in circulation, this article will discuss the 11 best memecoins on the Ethereum network. Anything? Keep watching, OK!

With popularity often fueled by social media trends and active communities, memecoins offer a unique appeal to investors. Both those who are beginners and experienced. 

Among the many blockchains, Ethereum stands out as home to some of the most innovative memecoins. With a strong ecosystem and advanced technology, Ethereum is becoming a premier platform for launching interesting memecoin projects.

This article will discuss 11 best memecoins on the Ethereum network which is worth considering by investors in 2024. Continue following the discussion below.

What Is Memecoin Ethereum?

Ethereum memecoins are crypto assets built on the Ethereum blockchain, usually inspired by internet memes or humorous themes. Different from traditional crypto projects that focus on technology and utility, memecoins often highlight community and entertainment aspects as the main attraction.

Ethereum provides an ideal platform for memecoins, thanks to its mature blockchain infrastructure and support for smart contracts. With the Ethereum network, memecoin can benefit from ERC-20 compatibility, access to various DeFi protocols, as well as high liquidity in global markets.

Read also: Top 5 Memecoins to Watch Until the End of 2024

Pros and Cons of Buy Memecoin Ethereum

Like other crypto assets, Ethereum memecoins also have their own advantages and disadvantages. The following is an explanation for you.

Advantages of Ethereum Memecoin

1. Established Ecosystem: Ethereum has a broad ecosystem, including digital wallets, DeFi protocols, and leading crypto exchanges, making transactions and memecoin adoption easier.

2. High Liquidity: Ethereum's liquidity makes this network-based memecoin easy to trade, allowing investors to enter and exit the market more quickly.

3. Interoperability: As an ERC-20 token, Ethereum memecoin can be used in various DeFi platforms, such as staking, yield farming, and liquidity provision.

4. Guaranteed Security: Ethereum is known for its strong security, supported by a global community of developers and network validators.

Drawbacks of Memecoin Ethereum

1. High Gas Fees: Transactions on the Ethereum network are often expensive, especially during periods of high network usage.

2. Limited Scalability: Even though Ethereum has moved to Ethereum 2.0, transaction speed and scalability issues are still challenges.

3. High competition: Thousands of crypto projects on Ethereum create intense competition, making it difficult for some memecoins to stand out.

4. Volatility Risk: Like other cryptocurrencies, memecoin prices are highly volatile, making them a high-risk investment.

Read also: Top 5 Trending Solana Memecoins: There's BARSIK and PNUT

Best Memecoin on Ethereum Network

Here is a list 11 best memecoins on the Ethereum network that investors should know in 2024:

1. Baby Unchained (PEPU)

• Superiority: A layer-2 memecoin designed for fast transactions and low fees. Offers additional utilities such as staking with high rewards.
• Current Price: $0,012891 (Rp204)
• Total Supply: 8 billion.
• Why It's Worth Choosing: The combination of meme appeal with solid blockchain technology makes it a winner in this category.

2. Crypto All-Stars (STARS)

• Superiority: An innovative staking platform that integrates various popular memecoins such as Dogecoin and Shiba Inu.
• Current Price: $0.00156 (Rp25).
• Total Supply: 42 billion.
• Why It's Worth Choosing: The unique staking system and community incentives make it attractive for long-term investors.

3. CatSlap (SLAP)

• Superiority: Cat themed token with gaming features Slapometer and large community airdrops.
• Current Price: $0.0021 (Rp33).
• Total Supply: 9 billion.
• Why It's Worth Choosing: Focus on community and interactive games.

4. Flockerz (FLOCK)

• Superiority: A DAO-based project that offers reward-based voting for token holders.
• Current Price: $0.006053 (Rp96).
• Total Supply: 10 billion.
• Why It's Worth Choosing: Mechanism vote-to-earn which is innovative.

5. Shiba Inu (SHIB)

• Superiority: One of the most popular memecoins with a mature ecosystem, including ShibaSwap.
• Current Price: $0,000024 (Rp0,38).
• Total Supply: 589 trillion.
• Why It's Worth Choosing: Large community base and stable market capitalization.

Read also: 6 Best Memecoins on the BRC20 Bitcoin Network that Have the Potential to Make Money

6. Baby (BABY)

• Superiority: The successful viral memecoin scored a price increase of up to 12,900% in 2023.
• Current Price: $0,000019 (Rp0,30).
• Total Supply: 420 billion.
• Why It's Worth Choosing: Huge potential for social momentum.

7. Floki (FLOKI)

• Superiority: Community-based token with educational features via University of Floki.
• Current Price: $0,00025 (Rp4).
• Total Supply: 9.6 trillion.
• Why It's Worth Choosing: Focus on utility and education.

8. Kishu Inu (KISHU)

• Superiority: Community token that provides a 2% bonus from every transaction.
• Current Price: $0,00000000042 (Rp0,0000067).
• Total Supply: 93.1 quadrillion.
• Why It's Worth Choosing: Unique community incentives.

9. Shiba Shootout (SHIBASHOOT)

• Superiority: Western themed token with features Lucky Lasso Lotteries.
• Current Price: $0,022 (Rp350).
• Total Supply: 2.2 billion.
• Why It's Worth Choosing: Unique theme and growth potential.

10. FreeDum Fighters (DUM)

• Superiority: Political satire memecoin with staking and gamification features.
• Current Price: $0,000085 (Rp1.35).
• Total Supply: 270 billion.
• Why It's Worth Choosing: A combination of entertainment and financial incentives.

11. Best Wallet Token (BEST)

• Superiority: A utility token that supports the Web3 wallet ecosystem with high security.
• Current Price: $0.0226 (Rp359).
• Total Supply: 10 billion.
• Why It's Worth Choosing: Focus on education and user experience.

Read also: What is the McDull Meme (MCDULL)?

Conclusion

Memecoins on the Ethereum network offer an attractive investment opportunity, especially for those looking to profit from crypto community trends. From projects like the innovative Pepe Unchained to the established Shiba Inu, there are a variety of options to suit your investment goals. 

However, it is important to understand the risks associated with memecoins, including price volatility and intense competition.

By conducting in-depth research and choosing a project with utility and a strong community, you can maximize your profit potential in the world of Ethereum memes.

FAQ About Memecoin Ethereum

1. What memecoin is built on Ethereum?

Shiba Inu (SHIB) is one of the most famous memecoins and is built on the Ethereum blockchain. This memecoin was inspired by Dogecoin and was launched in August 2020 by an anonymous creator named Ryoshi. 

2. Can memecoin reach $1?

For a memecoin to reach a price of $1, its market capitalization must be very large compared to other crypto assets. If the total supply of the memecoin is too large, achieving the required market capitalization can become almost impossible. 

3. Is Pepe ($PEPE) on Ethereum?

Yes, Pepe ($PEPE) is an Ethereum-based token that was launched on April 17, 2023. This token follows in the footsteps of memecoins such as Dogecoin (DOGE) and Shiba Inu (SHIB). 

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Reference:

• Cryptonews, Media Crypto Cryptonews, Accessed November 22, 2024
• CoinGecko, CoinGecko, Accessed November 22, 2024

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