The ongoing bearish season in the crypto space is driving people towards meme coins. However, which are the best meme coins to buy during the current market conditions? That’s the big question. This article highlights the best meme coin picks of this year that can potentially generate immense gains in the short term, while also offering reasons for long-term holding.
5 Best Meme Coins to Buy Right Now
Flockerz – Hen-Themed Meme Coin On Presale (Ending Soon)
Flockerz has been ranked among the best meme coins to buy this year by ICOBench and is suitable for those who want to engage with a simple, low-cap investment that offers some long-term value. With its unique “Flock of hens” mascot, this meme coin has managed to generate quite a buzz in the presale market, raising over $9.1 million to date.
Flockerz reveals its nature as a meme coin through its comic-book style of storytelling featuring King Birb. Once a Bitcoin investor, King Birb was forced to relinquish his powers to save his kingdom. Now fully degenerated, he is establishing a democracy.
A distinctive aspect of Flockerz is its vote-to-earn mechanic. While other meme coins have created their own DAOs, Flockerz has integrated its earning mechanic with its DAO. While holders will earn standard staking rewards, voting will allow them to earn additional tokens.
The flock isn’t messing around! Our Vote to Earn system is serious business! 🐦👋 pic.twitter.com/mrWNyKrPy7
— Flockerz (@FlockerzToken) December 16, 2024
The presence of voting makes Flockerz a community-centric project, which could develop in many directions in the future.
The project is just over a week away from its launch date, and ClayBro has already stated that bull market gains are likely for this unique meme coin.
Overall, the project’s simple premise, coupled with its unique memes, gives it potential as a viable meme coin investment for this year.
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Wall Street Pepe – Blending Wall Street Bets and Pepe Themes
Wall Street Bets took the market by storm back in the day when a group of Redditors came together to short-squeeze GameStop’s stock price. While “Hold the Line” became a battle cry, hedge fund companies suffered immensely. However, this event showcased the immense potential of community-driven market movements.
Wall Street Pepe is a meme coin project that symbolizes the same movement within the meme coin space. Noticing the recent unfairness in the ecosystem, where surges in meme coin prices have primarily benefited a few whales and developers, Wall Street Pepe aims to create a community where low-cap investors can also make gains.
This community, known as the WEPE Army, will reportedly feature trading alpha perks. Members will be able to gain market insights from the ecosystem, as well as receive crypto signals. The community will also act as a hub for trading competitions, where traders will be rewarded for sharing their recent meme coin trades and secrets.
This inclusive appeal has allowed Wall Street Pepe to raise upwards of $47 million in its presale round. The cryptocurrency project is highly optimistic about what this meme coin could mean for the volatile crypto economy, as evidenced by the number of people engaging with their tweets.
Out here making history. Feeling bullish. 🐸 ⚔️ pic.twitter.com/LlI8KkWfL7
— Wall Street Pepe (@WEPEToken) December 15, 2024
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Solaxy – Offering L2 Layer for the Solana Blockchain
While Solaxy has been portrayed by its official website as the world’s first Solana Layer 2, its value as a meme coin cannot be understated. The website highlights Solaxy as the next evolution of blockchain technology that addresses the shortcomings of the Solana blockchain and offers users a chain that is infinitely scalable and future-proof.
This premise has been used to emphasize the fact that the major action that the Solana ecosystem received in 2024, continuing to this day, is due to the presence of meme coins. With “near infinite” scalability at its disposal, more meme coins could be developed. Additionally, the platform also offers staking, with up to a 350% APY reward available for presale investors.
Before these use cases, however, there is an aesthetic appeal to Solaxy as a meme coin. Featuring a mascot of Pepe dressed as Albert Einstein surfing among the stars, this meme coin could also appeal to sci-fi lovers. These factors contribute to Solaxy being one of the best meme coins to buy right now.
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Unicorn Fart Dust – Mid-Cap Meme Coin
Unicorn Fart Dust (UFD) is shaping up to be one of the best meme coins to buy right now as it continues to hold steady while the market goes bearish. Trading at around the $0.2 level, it has a market capitalization of more than $200 million and has increased in value by more than 30% in a month.
Unicorn Fart Dust does not have an official website; instead, it was developed by a YouTuber named RonsBasement, who has videos about gold and silver stocks. Developed on the Solana blockchain, the uniqueness of UFD’s premise lies in the fact that there is no premise.
The YouTuber revealed the idea behind the meme coin came from a finishing move in a video game involving a “Unicorn farting on the opponent.” Ron himself does not believe in meme coins, and his goal seems to be to make people aware of the “fake investments” that meme coins represent.
The only imagery associated with the coin is that of a Unicorn doll’s head and its golden horn. The social media posts are solely about attracting people to buy more UFD.
Peanut the Squirrel – Meme Coin Paying Homage to Peanut the Squirrel
The tragedy of Peanut the Squirrel is known to many: a rescued squirrel that was euthanized by the Department of Animal Control due to a misunderstanding. While the animal ruled Instagram when alive, after leaving the mortal realm, its spirit has entered the meme coin space. That’s the basic premise of Peanut (PNUT).
Peanut the Squirrel is a Solana-based meme coin that has recently garnered a lot of attention from investors and is one of the few tokens showing green candles despite the current market conditions. Thanks to its simple themes, the token has increased in value and found its way onto multiple cryptocurrency exchanges, including tier-1 exchanges such as Coinbase, OKX, Binance, MEXC, and more.
Launched in November of 2024, the token is currently trading at a value up by 910,000% from its launch price, around the $0.5 level, and its market cap is above $569 million. Although it has suffered from the overall bearish market conditions, the daily chart shows an increase in PNUT price by double digits.
Conclusion
When the market conditions are bearish, the best meme coin to buy is one that has yet to go live on exchanges. In that regard, our first three picks meet the market’s demands. Flockerz, with its V2E mechanic, Wall Street Pepe, with its inspirational touch, and Solaxy, with its meme coin galaxy, all have something unique to offer to the meme coin ecosystem.
Additionally, the other two picks have also proven themselves to be formidable investments. That said, investors should also conduct their own research before selecting the meme coin that appeals to them the most.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
