13 Best Shitcoins to Buy in 2024

There is no shortage of shitcoins on the market, but which are the best shitcoins to buy right now? Basically, shitcoins are cryptocurrencies with no inherent use case or value. They’re often associated with meme coins and are typically run by anonymous founders. Even so, shitcoins can generate huge returns, especially when hype and FOMO kicks in.

Read on to discover the 13 best shitcoins to buy in August 2024. These shitcoin picks are subjective, so ensure you conduct your own research.

Best Shitcoin List 2024

We Review the Best Shitcoins to Buy Right Now

Let’s take a closer look at the top shitcoins listed above. I’ll explain how each shitcoin works, alongside its tokenomics, price potential, and market capitalization.

1. Pepe Unchained – Overall Best Shitcoin Has Raised $8.4 Million on Presale

We have picked Pepe Unchained ($PEPU) as the best shitcoin to invest in 2024. Within just a few months of its presale launch, Pepe Unchained has raised more than $8.4 million.

This Pepe-inspired meme token may seem like another utility-less project, but it actually provides fast transaction speeds, high scalability, and huge staking rewards to $PEPU token holders. Pepe Unchained is built on Ethereum’s layer-two (L2) blockchain, which is highly scalable and efficient.

The blockchain is able to offload transactions from the main network, which also helps reduce operational costs. By deploying smart contracts on the Ethereum blockchain, Pepe Unchained also offers huge staking rewards to $PEPU token holders. At press time, $PEPU can be staked to earn an APY (Annual percentage yield) of 231%.

From the total 8 billion token supply, more than 400 million tokens are currently staked on Pepe Unchained. In the long-term, 2.4 billion tokens will be distributed as staking rewards. The ongoing presale will distribute another 1.6 billion tokens.

To learn more about this project, go through the Pepe Unchained whitepaper and join the Telegram channel.

Visit Pepe Unchained

2. Crypto All-Stars – Stake Popular Meme Coins Under One Roof

Crypto All-Stars ($STARS) is a revolutionary meme platform that allows some of the biggest meme tokens to be staked on its ecosystem. 

Through an upcoming feature known as the ‘MemeVault,’ Crypto All-Stars will support the staking of top meme coins – including Dogecoin, Pepe, Shiba Inu, Milady, Mog, and Turbo. By staking these coins, investors can earn passive income in the form of $STARS tokens. 

Moreover, community members that already hold $STARS are rewarded with a 3x increase on the standard APY that the MemeVault offers. At press time, $STARS can be staked on Crypto All-Stars to earn an annual yield of up to 5,466%. 

From a total supply of 42.069 billion tokens, 25% will be distributed as rewards through the MemeVault ecosystem. Another 20% is currently being allocated for the presale. In only a few days, the presale has raised over $336K. Read the Crypto All-Stars whitepaper and join the Telegram channel to learn more about this project. 

Visit Crypto All-Stars

3. Base Dawgz – New Meme Coin Offers Multi-Chain Compatability, Get 876% Staking APY

Base Dawgz ($DAWGZ) is a new shitcoin built on the Base blockchain. With a live market cap of over $2 billion, Base meme coins are soaring in popularity. Furthermore, 7 of the top 10 meme coins by market cap are doge-themed. 

Base Dawgz fits both the above-mentioned criteria and stands out in the meme coin space by offering multi-chain compatibility. Base Dawgz leverages Web3 tools such as Wormhole and Portal Bridge technology, allowing token holders to bridge from Base to other blockchains. 

This allows $DAWGZ token holders to access greater scalability and faster transaction speeds. A top long-term investment opportunity, $DAWGZ can also be staked to earn an annual yield of up to 876%. 

It has a total supply of 8.453 billion tokens, of which 20% will be allotted through staking pools. Another 20% of the supply is being distributed through the presale. At press time, $DAWGZ is priced at $0.007414 per token. The Base Dawgz presale has raised more than $2.9 million in a couple of months. 

For more information, read the Base Dawgz whitepaper and join the Telegram channel. 

Visit Base Dawgz

4. PlayDoge – Meme Coin with 90’s Inspired P2E Game, Over $6M Raised

PlayDoge is capturing attention as a top shitcoin, combining the lightheartedness of Doge memes with the utility of a play-to-earn (P2E) model. This token, built on the Binance Smart Chain, leverages the fun and nostalgia of the Tamagotchi to create a unique gaming experience.

Players can earn $PLAY tokens by caring for their digital pets, blending meme culture with real-life utility. The project taps into the booming P2E market, which reached a $13 billion market cap in May 2024, according to CoinMarketCap. With potential internal Binance connections, there’s speculation about a possible Binance CEX launch after the presale.

PlayDoge’s presale has already raised $6 million, and momentum surrounding dog-based meme coins like Shiba Inu and Dogecoin returned to the market. The token’s total supply is 9.4 billion, with marketing, project development, liquidity, community rewards, and staking all receiving allocations. Notably, stakers can earn an APY of 77% on the ETH chain, and 69% on the BNB chain.

This meme token is poised to be the next big hit in the crypto space, combining playful aesthetics with practical utility. Follow PlayDoge on X (Twitter) and join their Telegram channel to stay updated on this promising project.

Visit PlayDoge

5. The Meme Games – Olympics-Inspired Meme Coin Racing Platform Offers Gamified Presale Bonuses

The Meme Games ($MGMES) is a new meme project that offers huge staking rewards and gamified token bonuses to presale investors. To celebrate the arrival of the 2024 Paris Olympics, The Meme Games hosts its own Olympics-themed 169m dash race.

This race will be contested between five popular meme avatars – including Pepe, Doge, Brett, Dogwifhat, and Turbo. Users can select an avatar to represent them in the race after they purchase $MGMES tokens through the ongoing presale. If the selected avatar wins this randomized race, investors get a 25% bonus on their initial investment.

After buying $MGMES, token holders can also lock their holdings on Ethereum-powered smart contracts. At press time, the staking mechanism offers an annual yield of up to 571%. $MGMES has a total supply of 2.024 billion, out of which 10% of the tokens will be distributed through staking pools.

Currently, interested investors can buy $MGMES for $0.0092 on presale. 38% of the total supply will be distributed through the presale round. Stay tuned for more updates by reading the Meme Games whitepaper and joining the Telegram channel. 

Visit The Meme Games

6. ShibaShootout – Wild West-themed Meme Coin Offers Voting Rights

ShibaShootout ($SHIBASHOOT) is a shitcoin set in the digital frontier of the Wild West. Unlike other Shiba-themed tokens that offer little utility, ShibaShootout offers a multitude of use cases through the $SHIBASHOOT token. 

Firstly, token holders get voting rights through ShibaShootout’s ‘token governance roundups’ feature. Through this, token holders can cast their votes on key project decisions. $SHIBASHOOT token holders also get to buy tickets and take part in lotteries to win free tokens. 

To generate passive income, ShibaShootout supports staking mechanisms to provide a regular annual yield. At press time, $SHIBASHOOT can be staked to earn an annual yield of more than 1,000%. 

This shitcoin has a total supply of 2.2 billion tokens, of which 440 million will be allocated as staking rewards. Another 770 million tokens are being distributed through the presale – which has raised more than $930K. Currently, $SHIBASHOOT is priced at $0.0198 per token. 

Read the ShibaShootout whitepaper and join the Telegram channel for more information. 

Visit Shiba Shootout

7. Dogwifhat – From Launch to a Billion-Dollar Valuation in Just 3 Months, Trading at a 30% Discount    

Dogwifhat is one of the best meme coins for recent price performance. This shitcoin project was launched in late 2023. In just three months of trading, dogwifhat became a billion-dollar shitcoin. According to blockchain data, dogwifhat was originally priced at just $0.00012. Dogwifhat’s all-time high stands at $4.85.

This means early backers have witnessed growth of over 4 million percent. At its peak, dogwifhat had a market capitalization of over $4 billion. There’s since been a market correction, with dogwifhat currently trading at a 30% discount. Nonetheless, this highlights that even without a whitepaper, shitcoins can reach unprecedented heights.

What’s more, the dogwifhat website itself states that there’s no value in holding tokens. It claims the project is literally just a dog with a hat. Even so, some market commentators believe that dogwifhat could challenge Dogecoin. It has a huge community of followers and an active team of ‘shillers’.  Therefore, dogwifhat could be the best shitcoin to buy at current prices.

Buy Dogwifhat on MEXC

8. BOOK OF MEME – 23,000% Gains in Just Two Days of Trading With Multiple Tier-One Listings     

Next on this shitcoins list is BOOK OF MEME. Built on the Solana network, this is another high-performing shitcoin. While it took dogwifhat three months to secure a billion-dollar valuation, BOOK OF MEME achieved this feat in just two days. According to blockchain data, BOOK OF MEME was originally available at $0.00005.

It then secured a wave of tier-one listings, including MEXC, Binance, Crypto.com, KuCoin, and Bybit. This created hype and FOMO, which invariably resulted in a huge pump. BOOK OF MEME increased to an all-time high of $0.02805. This translates to growth of almost 60,000%.

BOOK OF MEME peaked in line with the broader shitcoin industry. This means new investors can enter the market at a favorable discount. The current price is nearly 58% below all-time highs. What’s more, BOOK OF MEME has increased by 15% in the prior 24 hours, so its parabolic trajectory could be on the way back.

Buy BOOK OF MEME on MEXC

9. Pepe – Ethereum-Based Shitcoin With Zero Utility, 50% Gains in the Prior Week     

Pepe is also one of the best shitcoins to buy today. It was launched in April 2023, so it’s more established than most trending shitcoins. Pepe is based on ‘Pepe the Frog’, a popular character from the Matt Furie comic series – Boy’s Club. It has a simple three-stage roadmap that consists of; Meme (phase 1), Vibe and HODL (phase 2), and Meme Takeover (phase 3).

Arguably, Pepe has already achieved these goals. After all, it’s the third-largest meme coin by market capitalization. Pepe is currently valued at over $3.3 billion. Next in its sights is Shiba Inu. Should Pepe replace Shiba Inu it will be the largest meme coin on the Ethereum network.

This would require an upside of about 5x from current prices. In terms of performance, Pepe was originally priced at $0.0000000658. As per Reuters, it increased by 7,000% in its first month of trading. Today, Pepe is up nearly 14,000% since inception. It’s still showing strong momentum, with Pepe increasing by 50% in the prior week.

Buy Pepe on MEXC

10. Bonk – Community-Centric Meme Coin With One of the Most Successful Airdrops in History     

Bonk is next on this shitcoins list. Built on the Solana network, Bonk began life in December 2022. Unlike many shitcoins, Bonk didn’t hold a presale campaign. Instead, a large percentage of tokens were airdropped to the Solana community. Wallets were selected based on their contribution to the ecosystem.

Like most airdrops, some opted to sell their free tokens immediately. This resulted in a huge price decline. However, the rest is history – Bonk is up almost 24,000% since its inception. This shows the power of halving a loyal shitcoin community. After all, many Bonk investors are long-term holders. That said, Bonk is still trading at a huge discount.

Based on current prices, you’ll enter the market 43% below all-time highs. Momentum is back on Bonk’s side, with 30% growth in the prior 24 hours. This means the all-time high discount is being snapped up quickly. It’s also notable that Bonk is listed on the best Bitcoin exchanges. This includes a direct listing on Coinbase, which is often reluctant to list shitcoins.

Buy Bonk on MEXC

11. Shiba Inu – Trading 70% Below All-Time Highs, Established Shitcoin With 1.4 Million Token Holders     

Based on current market prices, Shiba Inu is also one of the best shitcoins right now. As per CoinMarketCap data, Shiba Inu is trading 70% below its all-time high. This makes Shiba Inu’s $16 billion valuation somewhat attractive. After all, Shiba Inu is now a household name in crypto.

Not just in the shitcoin space but the broader market. What’s more, Shiba Inu has almost 1.4 million token holders. In contrast, Pepe – which is Shiba Inu’s nearest competitor on the Ethereum network, has just under 209,000 holders. Unlike other shitcoins, Shiba Inu has developed use cases for its tokens.

This includes a metaverse ecosystem with land ownership. Users purchase land, build real estate projects, and secure ownership via NFTs. Shiba Inu also benefits from considerable trading volumes. Over $1.6 billion has been traded in the prior 24 hours. This amounts to 64% of its market capitalization, which is a healthy ratio.

Buy Shiba Inu on eToro

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12. FLOKI – 12-Month Gains of Almost 600%, New Investors Will Secure a 42% Discount     

FLOKI is another established shitcoin on this list. It’s named after Elon Musk’s pet Shiba Inu. FLOKI was launched at the peak of Dogecoin’s bull run in 2021. It generated significant gains in the months to follow. For instance, FLOKI was originally priced at $0.0000042. Just three months later FLOKI hit highs of $0.0003437.

This amounts to parabolic growth of over 8,000%. Once the markets turned bearish, FLOKI lost more than 90% of its value. That said, FLOKI has enjoyed strong momentum in the prior year, with gains of almost 600%. This means that FLOKI is now approaching a $2 billion market capitalization.

There’s still time to secure a favorable entry price; FLOKI trades 42% below all-time highs. Moreover, similar to Shiba Inu, FLOKI has created use cases.  This includes ‘Valhalla’, a play-to-earn game and metaverse ecosystem. Players earn FLOKI tokens for entering battles, exploring, and completing tasks.

Buy FLOKI on MEXC

13. Dogecoin – The Original and Largest Shitcoin to Buy, Valued at Over $23 billion     

Last on this shitcoins list is Dogecoin. This is the original and largest shitcoin by market capitalization. Currently, Dogecoin is valued at over $23 billion. This high market capitalization might put some investors off, especially those looking for the next 1000x crypto. However, Dogecoin is the de-facto meme coin – so is considered a ‘safer’ long-term play.

Launched in 2013, Dogecoin enjoyed huge momentum during the prior bull cycle. In the first five months of 2021, Dogecoin increased by over 14,000%. This secured Dogecoin an all-time high price of $0.74. Dogecoin has since capitulated; it currently trades 78% below peak prices. For some, this represents a solid entry point.

In terms of more recent performance, Dogecoin has increased by 106% in the prior year. This underperforms Bitcoin, which increased by 160% over the same period. Not only is Dogecoin available on tier-one exchanges like eToro and Coinbase, but also popular stock broker platforms like Robinhood and Webull. This means Dogecoin is available to the masses.

Buy Dogecoin on eToro

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

What is a Shitcoin?

In simple terms, shitcoins are cryptocurrencies without any use cases or inherent value. Unlike utility tokens, shitcoins are purchased for one reason – to generate returns. This means shitcoins are overly speculative, often relying on hype and FOMO to achieve relevance in the market.

In addition, most shitcoins are run by anonymous founders. This means there’s no accountability if things go wrong. All that being said, shitcoins are a staple in the crypto space. Some shitcoins – like Dogecoin, Shiba Inu, Bonk, and dogwifhat, have market capitalizations of over a billion dollars.

Any greater number of shitcoins are valued at hundreds of millions of dollars, highlighting their popularity with crypto traders. Put otherwise, while shitcoins have no use cases, they can generate significant gains. This is especially the case when finding a nano-cap gem. These are often found when investing in presales.

Are Shitcoins a Good Investment?

Shitcoins won’t be for all investors. especially those who favor innovation and utility. However, there’s a place for shitcoin investments in most portfolios, even if it’s only a small percentage.

Let’s explore the investment thesis when investing in shitcoins.

Hype Creates Rapid Growth

When looking for what Shitcoins to buy, it is important to understand that they rely on hype and FOMO, which leads to more liquidity. When achieved, rapid gains can be generated in a short period – often in weeks or days. For example, I mentioned that BOOK OF MEME increased by over 60,000% in two days of trading. BOOK OF MEME subsequently entered the billion-dollar club.

Similarly, those backing dogwifhat early saw growth of over 4 million percent. At its peak, this shitcoin had a market capitalization of over $4 billion. This meant dogwifhat – which has no whitepaper, use cases, or roadmap – was worth more than some S&P 500 companies. As reported by Bloomberg, dogwifhat is now attracting crypto hedge funds.

Dogwifhat, BOOK OF MEME, and many other shitcoins have also demonstrated the power of community building. This means having a strong presence on social media, high engagement levels, and a large number of token holders. These shitcoins also secured tier-one exchange listings early, which opened the doors to a much wider pool of investors.

Many Shitcoins are Nano-Cap Gems

The best shitcoins to invest in are nano-cap gems. This means the project has a market capitalization of under $50 million. This enables shitcoin investors to target a substantial upside. For example, consider that Pepe Unchained has raised just over $5.2 million from presale investors. It aims to become the largest meme coin in the future and could be the next 1000x crypto.

Recent Bitcoin Halving

Bitcoin recently completed its fourth halving event, meaning the 10-minute mining reward has been reduced from 6.25 BTC to 3.125 BTC. Based on previous cycles, Bitcoin halvings are often the start of the next bull run. During which, shitcoins will often explode in value.

For example, Dogecoin, FLOKI, Shiba Inu, and many other shitcoins saw unprecedented gains during the 2021 bull cycle. However, the 2024 bull market hasn’t started yet, meaning some shitcoins are available at huge discounts. This could be the final chance to build a portfolio of shitcoins at favorable prices.

For instance, based on current market prices, dogwifhat trades 30% below all-time highs. FLOKI is also cheap, trading at a 42% discount. But not as cheap as Dogecoin, which is currently trading 78% below its prior peak.

Shitcoin Presales

It’s also worth exploring presales when picking the best shitcoin to invest in. Presales, or ICOs, allow new shitcoins to raise funds from investors. The funds are often used for marketing campaigns, exchange listing applications, liquidity provision, and other necessary expenses.

In return, presale investors receive the newly created shitcoin tokens. Most presales investors get a discounted price, meaning there’s an immediate upside when the tokens begin trading on exchanges. What’s more, most presale tokens have a small valuation, so shitcoin investors can target an attractive upside.

Some of the best crypto presales include:

• Pepe Unchained: Ethereum L2-based meme token that offers high transaction speeds
• Base Dawgz: Doge-themed multi-chain meme coin that offers huge staking rewards
• PlayDoge – Play-to-earn meme coin features Doge as a playable avatar, offers multi-chain staking returns
• The Meme Games: Olympics-themed meme coin that offers a 25% investment bonus through its meme coin races

Always research presales adequately. They’re even riskier than established shitcoins like Dogecoin and Shiba Inu, as presales have no trading history or proof of concept.

Simple and Cost-Effective to Diversify 

One of the best things about shitcoin investments is they’re affordable. Anyone can invest in a shitcoin project, there are rarely any minimum requirements to meet. And, if the shitcoin blows up, a small investment can quickly turn into substantial profits. For example, consider a shitcoin investor who bought FLOKI from day one.

FLOKI has increased by over 8,000% since its inception. So, this would have returned over $8,000 with a small initial investment of just $100. This also means that diversification is simple. The best strategy is to buy a wide range of shitcoin investments in small amounts. Just one needs to take off to realize notable returns.

How to Pick Which Shitcoins to Buy

I’ve established that spreading investment funds across multiple shitcoins is the most effective strategy. But how do you choose the best shitcoin to invest in?

Here are some of the factors to consider when building a shitcoin portfolio:

• Networks: First, make sure you diversify across multiple networks. For example, Solana shitcoins are hot in 2024. Base is also expected to have a solid run later in the year. It’s also worth considering shitcoins on Ethereum and BNB Chain. This ensures you have exposure across the most popular network ecosystems.
• Valuations: Diversification should also extend to various market valuations. For example, consider adding some established, large-cap shitcoins like Dogecoin and Shiba Inu. Also consider some nano-caps, as these typically offer the highest upside potential.
• Presales: It’s also wise to explore shitcoins presales. You won’t be able to trade the tokens until they are listed on exchanges. However, you’ll often secure the lowest entry price possible, meaning an immediate upside. Some presales last for several weeks, while others run for months. Always check the expected listing date before investing.
• Discounts: Another strategy is to buy shitcoins when they trade at a discount. This means the tokens trade below their all-time highs, usually because of a wider shitcoin price correction. This could also be due to early investors taking profits.
• Tokenomics: Shitcoin investors should always analyze the tokenomics before investing. Check the total and circulating supplies, how the tokens will be used by the team, and whether there are any trading taxes. Also make sure the smart contract has been audited, as this will reduce the risks of being rugged.

In addition, you’ll need to know where to buy shitcoin tokens. Visit the token’s page on CoinMarketCap to see which exchanges it trades on. If the tokens are still in presale, you’ll need to wait for it to finish.

How to Buy Shitcoins: Step-by-Step Guide

If you’re looking to dive into the world of shitcoin investing, here’s a simple guide to get you started.

Step 1: Pick a Reliable Exchange or Wallet: Find a trustworthy cryptocurrency exchange or wallet that offers a good variety of shitcoins. As for where to buy shitcoins, we recommend OKX exchange and Best Wallet

Step 2: Create Your Account: Sign up on your chosen exchange or wallet by filling in the necessary details and completing any verification steps.

Step 3: Fund Your Account: Add money to your exchange or wallet account using available methods like bank transfer, credit/debit card, or a transfer from another crypto wallet.

Step 4: Do Your Research: Look into different shitcoins to find ones that match your investment goals and risk tolerance. Be wary of signs like lack of transparency, too-good-to-be-true promises, and excessive hype.

Step 5: Decide When to Invest: Figure out how much you want to invest in the shitcoin based on market trends, technical analysis, and your own risk level.

Comparison of The Top 5 Best Shitcoins to Buy

Token Name	Pepe Unchained	Crypto All-Stars	Base Dawgz	PlayDoge	The Meme Games
Token Launch	2024	2024	2024	2024	2024
Purchase Methods	ETH, USDT, BNB	ETH, USDT, Credit Card	ETH, USDC, USDT, BNB, AVAX, SOL	ETH, BNB USDT	ETH, USDT, BNB, Credit Card
Chain	Ethereum	Ethereum	BASE, Ethereum, Solana, Binance Smart Chain and Avalanche.	Ethereum, Binance Smart Chain	Ethereum
Total Supply	8 billion	42,069,696,969	8.4 billion	9.4 billion	2 billion

Conclusion

Shitcoins are high-risk investments – you’ll be investing in tokens with no inherent value or use cases. However, picking the right shitcoins can yield huge returns – just make sure you understand the risks.

My top pick in this shitcoin list is Pepe Unchained – a new meme coin with over $8.4 million in presale funding. Pepe Unchained is built on the Ethereum layer-two blockchain, which offers high scalability and fast transaction speeds.

Visit Pepe Unchained

See also: 15 Best Meme Coins to Buy in August 2024 – Top Meme Coins

FAQs

What are shitcoins?

Shitcoins are crypto tokens that have no utility, use cases, or inherent value. They’re particularly popular with speculative crypto traders seeking substantial returns.

What are the best shitcoins to buy right now?

While there are thousands of shitcoins to choose from, my top picks are Pepe Unchained, Crypto All-Stars, Base Dawgz, and PlayDoge. These shitcoins are presale projects offering a solid risk-reward ratio.

Are shitcoins worth trading?

Shitcoins are only worth trading if you’ve got a high-risk tolerance. While some shitcoins will produce unprecedented gains, most will eventually become worthless.

Where can I find shitcoins price predictions?

Shitcoin price predictions are available on many crypto analytics platforms. However, tread carefully – as price predictions rarely come to fruition.

How to buy shitcoins?

To buy shitcoins, you can use an exchange or a DEX. There are also presale shitcoins that you will need to use a software wallet to access and buy an allocation of the tokens. Take a look at the suggestions in this guide for shitcoin suggestions.

how to buy shitcoins on Solana

To buy shitcoins on Solana, you will need to set up a Solana Wallet. Then find one you want to purchase via a decentralized exchange or a presale. We recommend taking a look at BOOK OF MEME and BONK, which are our Solana shitcoin picks.

Which shitcoins will explode?

Our picks for shitcoins that could explode are BOOK OF MEME and BONK. These are Solana Shitcoins that we think have the potential to see massive gains. However, it is hard to predict with any certainty which shitcoins will explode, so always do your research and don’t invest too much in one coin; instead, spread out your investments into different projects for better risk management.

References

1. Cryptoverse: Every frog has its day as pepe pops 7,000% (Reuters)
2. Meme-based cryptocurrency Dogecoin soars 40% to all-time high (Reuters)
3. Hedge funds are succumbing to mind-boggling returns of memecoins (Bloomberg)