Meme coins are known for lightening up the crypto space with their trendy concepts and exciting prospects. However, the meme coin sector is also renowned for springing up surprises now and then. Newly-launched tokens could readily record significant gains with established ones tallying behind – or rallying along with an impressive history of achievements.
This review explores top meme coins in August, based on market trends and expert analysis. You'll also find a briefer on how to spot a meme coin and possibly get a headstart at any of the best meme coins to buy right now before August closes.
How to Spot a Meme Coin?
Check out the coin's market capitalization and trading volume to identify virtual assets gaining momentum. Consider leveraging crypto tracking websites and reputable exchanges for neutral reviews of a meme coin's metrics. You may also want to research the developer team, whitepaper, and roadmap.
Also, meme coins with active and engaged online communities have higher prospects of succeeding. However, you want to be wary of coins that show sudden and inexplicable price spikes as this could be a product of pump-and-dump schemes used to lure investors.
Top Meme Coins in August
Once you’re clear on how to spot a meme coin with higher success chances and those with sketchy prospects, you’re ready to explore the meme coin industry. Some of the best meme coins to buy right now include:
- Dogecoin (DOGE)
- Shiba Inu (SHIB)
- PolitiF8i Memes (like MAGA and KAMA)
- Pepe Unchained
- The Meme Games (MGames)
DOGE
DOGE leads many other meme coins in the industry discussions. With a vibrant community of devotees and steep support from Elon Musk, CEO of Tesla, Dogecoin remains one of the top meme coins to buy right now.
SHIB
Dubbed "the Dogecoin-Killer" by enthusiasts, SHIB has rapidly surged in value over the months, partly thanks to support from public figures like Vitalik Buterin and Elon Musk. Its Ethereum compatibility, Shibarium layer-2 protocol, and vibrant online community promise faster transactions, reduced fees, boosted scalability, and reliability – with high chances of attracting more investors.
PolitiFi Memes
Thanks to the 2024 US elections, PolitiFi memes like MAGA (TRUMP) and KAMA are gaining significant momentum. With Donald Trump's confirmed Republican nomination and VP Kamala Harris's presumptive nominee status for the Democrats, it's easy to expect these coins to see positive price swings as the election draws near.
Pepe Unchained ($PEPEU)
PEPEU is the first-ever PEPE token with its own Layer2 chain, providing dizzying transaction speed and security with drastically reduced gas fees. After raising over $1.2 million in its first week, and over $6.6 million to date, the PEPEU hype shows no signs of slowing down and could make a great buy in August.
The Meme Games (MGames)
The 2024 Paris Summer Olympics are inspiring the Meme Games. Olympic fans and crypto enthusiasts can explore exciting Meme Games coins with enticing bonuses and staggering APYs as the sports festival peaks this month.
Conclusion
The secret to winning with meme coins is to understand when to buy, when to hold, and when to sell them. These assets offer crypto investors great opportunities to land big returns when traded right. For August, we believe these are the best assets with the best potentials for providing good returns. Leverage them!