Crypto traders looking to turn a quick profit are hunting for the best meme coins to buy, but they face a dilemma.
To they buy meme coins on the Solana (SOL) blockchain, or on the Ethereum (ETH) blockchain?
Both blockchains have their pros and cons. Solana has very low fees and fast transactions times.
Ethereum, meanwhile, suffers from high fees and slower transactions. However, Ethereum is still the home to the bulk of on-chain liquidity.
As per DeFi Llama, its trade value locked (TVL) was last close to $150 billion.
Solana’s TVL, meanwhile, was last just over $8 billion on Solana.
When comparing the best meme coins to buy, traders would do well not to ignore either chain.
Both make up important parts of the web3 ecosystem, and are undoubtedly here to stay.
That being said, here are the best meme coins to buy on Ethereum and Solana.
Best Meme Coin to Buy Now
Shiba Inu ($SHIBA)
Ethereum-based meme coin Shiba Inu ($SHIBA) has been a major beneficiary of the recent meme coin price pump.
$SHIBA’s market cap has pumped nearly 4x in the past 30 days, as per CoinMarketCap.
Shiba Inu could be the best meme coin to buy right now / Source: CoinMarketCap
Its market cap is now back to around $20 billion. But its market cap back in 2021 peaked at over $50 billion.
Assuming the current crypto bull market blows past the 2020/2021 bull market, Shiba could still see 3-4x gains from here.
That makes it easily one of the best meme coins to buy right now.
Scotty the AI ($SCOTTY)
Scotty the AI is a brand new Ethereum-based dog-themed meme coin, but with a very 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.
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 $800,000, it’s already being touted as 2024’s best presale.
Investors are racing to secure their $SCOTTY tokens given they are on sale for $0.00605 each, a very low price.
Indeed, given the total $SCOTTY supply of 1,734,567,890, investors getting tokens at $0.00605 are essentially buying to Scotty at a market cap of around $10 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 meme coins to buy right now.
Visit Scotty Here
Dogwifhat (WIF)
Newer meme coin Dogwifhat (WIF) is vying with Bonk (BONK) to become the new flagship meme coin of the Solana ecosystem.
Dogwifhat (WIF) recently clinched a market cap of $1.8 billion after pumping up nearly 10x in the past 30 days.
Dogwifhat (WIF) could be the best meme coin to buy right now / Source: CoinMarketCap
The meme coin, which features a dog wearing a hat, has a good chance of catching up to the likes of Shiba Inu.
That means potential gains of as much as 10x are on the cards.
Despite its recent pump, it could still be early to get WIF.
It is certainly a candidate for best Solana-based meme coin to buy right now.
Smog (SMOG)
A much smaller Solana-based meme coin alternative called Smog (SMOG) has been turning heads recently.
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 at just over $70 million, SMOG already boasts a strong community.
Indeed, as per birdeye.so, it already has over 30,000 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 meme coins to buy.
