Crypto prices are plummeting, and the market is dismayed. Yet, as the investing proverb goes, “When there’s blood on the street, buy property.”
Put differently, the current discounted prices could present a lucrative buying opportunity ahead of a market recovery.
And no asset class has performed better in 2024 than meme coins. Therefore, let’s explore the five best meme coins to buy on this dip.
Sealana
Our top pick of meme coins to buy on the dip is Sealana.
The Solana-based project is currently undergoing a presale, and investors can buy for $0.022 before it hits the open market.
This means the project will immediately enter price discovery after its IEO, setting the stage for a huge rally.
It has raised over $4 million in its presale, reflecting the market’s appreciation of its degen-themed use case.
Adopting the purist approach of meme coins like Dogecoin and Pepe, Sealana relies on memetic enthrallment to draw investments.
Its social media is full of engaging memes, many of which reference a former U.S. president who shall not be named.
What better way to show your love of Lambos, Massive Gains & Freedom than getting a #USA tattoo to show for it! 🇺🇸 #Sealana knows what’s best for American made #Memecoins and has a plan to make them great again! 🦭
Send $SOL 💸 and let him be an example for all #Degens!💪 #MAGA pic.twitter.com/B4aBZ2wEbI
— Sealana (@Sealana_Token) June 14, 2024
Sealana also draws inspiration from South Park’s “World of Warcraft guy,” aligning well with the degen demeanor of Solana traders and making it a favorite of South Park fans.
While the Sealana presale is proving one to watch, it ends in just seven days, so prospective investors must act fast.
Super Trump
Trump is betting on crypto to help him win the next election, so meme coins like Super Trump have been thriving.
However, rumors that Trump is launching his own official meme coin have sparked massive sell-offs for Trump-themed cryptos today. This is because they’ll be in direct competition with the former president himself.
However, this does not mean that all hope is lost. In fact, Trump’s explicit endorsement of meme coins will likely strengthen the narrative for Trump-themed projects like Super Trump.
STRUMP is currently trading at $0.01366, down 19% today and 38% this week.
Per CoinMarketCap data, Super Trump is the third-largest political-themed meme coin. However, it is also CoinMarketCap’s highest-trending meme coin, suggesting all eyes are on the token for a strong recovery.
WienerAI
WienerAI is a presale meme coin with an exciting twist.
Beneath its meme coin facade, WienerAI is an AI-enhanced trading bot that provides predictive trading assistance and seamless trade execution.
Its inherent utility, coupled with a meme coin allure, has forged multiple demand streams that could skyrocket its price.
Furthermore, there is a built-in staking mechanism that offers a 192% APY. But this will decrease as the staking pool grows, so prospective stakers should act fast.
These factors have caused a massive buzz in the market. The presale has even been picked up by top outfits like Cryptonews, who dubbed it “the next big breakthrough in crypto.”
The WienerAI presale has raised close to $6 million so far, making it one of the hottest meme coin ICOs of 2024.
Traders can buy $WAI for $0.00719, but this price will rise throughout the presale.
Pepe
Pepe is the largest meme coin to emerge from the current market cycle.
It took the market by storm after launching in April 2023, then posted 10x gains again in 2024.
So there’s no doubt that Pepe is a fan favorite. Therefore, it will likely be one of the top performers once the market starts to recover.
Another factor adding to its bullish outlook is that it’s regarded as a top beta play on ETH.
In other words, Pepe’s price mimics Ethereum’s, except with more volatile swings in either direction.
And with the Ethereum spot ETF launches within arm’s reach, ETH is primed for significant gains.
Pepe is currently trading at $0.00001064. This marks a 10% sell-off today, 11% this week, and 38% from its May all-time high (ATH).
Dogwifhat
While Pepe stands as Ethereum’s largest meme coin, Dogwifhat takes the title on Solana.
The project enjoyed relentless momentum through early 2024 but has since cooled down.
However, a major rumor about Solana could prove significant for WIF.
According to reports on X, BlackRock, the world’s largest asset manager, is preparing to apply for a Solana spot ETF.
If this were officially announced, it would likely ignite another monumental Solana meme coin season spearheaded by Dogwifhat.
Currently, WIF is trading at $2.09, down 14% today, 19% this week, and 57% from its March ATH.
But analysts remain bullish despite its deep retracement.
Zer0 compared buying Dogwifhat at today’s price to buying Solana below $20, alluding that WIF holds room for up to a 7x.
He also predicts it “will lead the meme coin mania in coming months.”