To take a closer look at meme coins, we've put together a list for you of those that are the most popular and promising this year. Here they are:

Dogecoin (DOGE). It was originally created as a parody of the hype surrounding Bitcoin but has become a popular crypto over time, thanks to a large backing of Elon Musk. DOGE is mostly used for tips and charity, but some companies (such as Tesla) accept it as a means of payment as well.

Shiba Inu (SHIB). This meme coin appeared a few years ago, but despite this, it has a lot of community support. It has the advantage of using the Ethereum blockchain, so SHIB can use smart contracts and DeFi services.

Pepe (PEPE). Although Pepe was created for the entertainment of the crypto community, it has quickly become a serious digital asset for trading. As such, the coin can be found on many crypto platforms.

FLOKI (FLOKI). The coin is famously named after Elon Musk's dog. It is now rapidly moving towards developing a spectrum of applications, including in NFTs, and an educational ecosystem.

Bonk (BONK). This meme coin has become famous through viral advertising on TikTok and is attracting the most attention in the Solana blockchain community. Integration into the decentralized application system allows BONK to be used on NFT-enabled platforms, which is really valuable for many crypto-activists.

How To Buy Meme Coins?

If you plan to buy one of the ones we suggested or some other meme coin, you should know how to do it. This can be done on cryptocurrency exchanges, where the process is mainly identical regardless of the platform. To make it easier for you to perceive, let's look at the algorithm using the Cryptomus platform as an example:

Step 1: Create an account. If you haven't registered on any crypto platform yet, you need to do it. On Cryptomus, you will need to enter your name and email, or you can authorize via Telegram, Facebook, or AppleID.

Step 2: Go through the KYC process. Go to settings and select “KYC” to verify your identity. You will need to upload a passport photo or other document and take a selfie.

Step 3: Buy a meme coin. On some platforms, including Cryptomus, you can purchase meme coins using a credit or debit card. To do it, go to the “Buy Crypto” section and click on “Buy by card”. Select the desired meme coin, fill in all the fields, including your card details, and confirm the action.

You can also buy meme coins on a P2P exchange. To do this, go to the “P2P” tab, customize all filters to search for a coin offer, and select the right one. Contact the seller to discuss the details of the transaction and make the purchase. Meme coins will then be in your exchange wallet; you can store them there or transfer them to another available wallet.

Risks Of Investing In Meme Coins

Investing in meme coins is a good opportunity to earn high profits during viral trends and hype on social media. At the same time, there are several risks that you need to consider before investing. We tell you about them below:

High volatility. Meme coin price changes can be extreme and fluctuate in short periods of time, which can lead to significant losses.

Fraud. Like all cryptocurrencies, meme coins are susceptible to scams, for example, when developers abandon a project after raising profits. The lack of meaningful technological support only reinforces this aspect.

Market manipulation. Meme coins with a large supply are often manipulated by crypto whales, influencing the price through coordinated buying or selling, and sometimes by unscrupulous bloggers who use pump-and-dump.

Nevertheless, investing in meme coins can be a good solution for some trading strategies, such as day trading or scalping, where high volatility will only be advantageous. Additionally, if you are aware of the common types of crypto scams and know how to avoid them, you can work with the coins quite safely.

Thus, meme coins are a unique segment of the crypto market. They are good for expanding portfolios and can bring significant profits at the hype moment. At the same time, you should be cautious about investing in this type of crypto and conduct thorough market research to choose the most promising coin and pick a good time to buy. Thanks for reading!