While the term ‘shitcoin’ was originally reserved for cryptocurrency tokens with little to no value or utility, some have gone on to achieve unexpected explosions in price.
Shiba Inu coin has been perhaps the biggest winner in this category. At its peak, the dog-themed meme coin had surged by 40,000,000% from its opening price.
As a result, shitcoins are now widely considered to be viable investments. In this guide, we have identified some of the best available in 2024, with Smog, Sponge V2, and Dog Wif Hat standing out as particularly attractive options.
We updated this page in May 2024 to add Sealana and remove some older listings.
Our picks of the best shitcoins to invest in
- WienerAI (WAI): Popular AI-based meme token with high staking rewards, raised over $5M within couple of months
- Sealana (SEAL): Brand new meme token based on a South Park-inspired “chubby seal”
- Base Dawggz (DAWGZ): Cross-chain compatible meme coin with generous community rewards
- Sponge V2 (SPONGEV2): The second coming of a hugely popular shitcoin. Offers a play to earn game for additional reward opportunities
- DogWifHat (WIF): Solana based meme token that has broken both the $1 and $2 barriers in quick succession
- Pepe (PEPE): Pepe the frog-inspired shitcoin that achieved highs of +14,000% less than a month after launch
- Bonk (BONK): One of the most successful shitcoins of all time, this Solana meme coin is up by 40,000% since its launch
A closer look at the best shitcoins to buy right now
Here is a detailed look at our six best shitcoins to buy in 2024, complete with the background, features, advantages and drawbacks of each project.
1. WienerAI (WAI): Popular AI-based meme token with attractive staking rewards
Another shitcoin that’s become quite popular is WienerAI ($WAI). It mixes two of the most popular ideas: memes coins and AI. It’s the first coin to combine sausage dogs and AI into one silly but powerful package. It aims to become more popular than other typical dog-themed coins.
Moreover, you can also earn passive income by staking $WAI tokens. These rewards are currently as high as over 190% per year.
The coin is built on Ethereum and has already built a loyal group of supporters called the “Sausage Army.” This support is quite evident in its presale numbers, as it raised over $5.8 million within a couple months of launch.
The story behind WienerAI is about a robot dog that got mixed with some sausage dog DNA, making it the strongest cybernetic being in the universe. According to the developers, this means the token will improve and evolve over time with its AI capabilities.
Currently, $WAI is in presale, which means you can buy it at a low price of $0.000719 before it hits exchanges. The price will increase every two days until it officially launches on top centralized and decentralized exchanges. You can join WienerAI’s Telegram group and follow it on X (Twitter) for the latest updates.
2. Sealana (SEAL): Seal-themed shitcoin with $4 million raised in presale
With the popularity of Solana-based, animal-themed crypto tokens in 2024, Sealana is here to capitalize on the hype – a brand new shitcoin with explosive potential.
Sealana’s strikingly amusing branding is its main asset. This crypto project features a “chubby” seal character inspired by the popular animated comedy show South Park. According to the official Sealana website, the seal has “taken a deep dive into the Solana sea, whaled at his PC and growing by the day”.
With no further staking or utility features to offer, Sealana is certainly a pure shitcoin. Aside from its eye-catching branding, the token’s potential stems from its proof-of-stake mechanism, provided by the Solana token standard.
You can currently purchase $SEAL for $0.022, with $ETH, $USDT, or fiat currency all available as a payment method. For instructions on how to complete your purchase, visit the official Sealana website.
Pros
- Solana meme coins have seen major success of late
- Striking, viral-worthy branding
Cons
- No roadmap or whitepaper
Base Dawgz ($DAWGZ) is an exciting new Doge-theme shitcoin with generous rewards and cross-chain support. Thanks to its base jumping skills and Wormhole and Portal Bridge technologies, $DAWGZ jumps seamlessly between blockchains.
This allows investors on Base, Solana, Binance, Ethereum, and Avalanche to buy the token and hold it in their wallets with ease. Currently available in a presale, early investors get to buy the token at a low price before it is listed on exchanges.
Within two weeks since the presale launched, over $1.5 million have been raised, showing strong investor support. Because of that, $DAWGZ could easily be 10x after the presale ends.
To expand its reach, Base Dawgz rewards active users who connect their X account and share $DAWGZ memes and related content. Those who refer other investors will earn 10% in USDT of the invested amount. This can be an excellent way to earn money while spreading the word.
$DAWGZ is currently priced at $0.00502 on its presale stage. For more updates about this shitcoin, read the Base Dawgz whitepaper and join the Base Dawgz X Telegram channel.
4. Sponge V2 (SPONGEV2): Version two of hugely popular 2023 meme coin with listing potential
One of the most popular meme coins of 2023, Sponge quickly surged to a $100m market capitalization and achieved 100x milestones.
In 2024, the coin is returning with Sponge V2, transitioning the existing community to the Polygon network to enable lower transaction fees. Token holders can use the stake-to-bridge mechanism to stake their tokens on the new V2 smart contract.
The project boasts some interesting utility, including a play-to-earn racing game, in which holders can earn $SPONGE tokens. Users can play a free version of the game if they wish, or opt for the premium version to spend and earn tokens through gameplay and leaderboard rankings.
The impact of the new version’s launch is clear, with the token achieving its all-time high of $0.00421 in March 2024.
One thing for potential investors to be wary of is that the Sponge V2 developers remain anonymous, as is often the case with meme coins.
5. Dog Wif Hat (WIF): Dog-themed meme coin among top-100 cryptocurrencies
The original inspiration for newcomer $FWIF, Dog Wif Hat launched just before Christmas 2023 and immediately saw explosive growth.
To be precise, the meme token is up more than 1,000% after less than three months on the crypto market, having soared above the $1 and $2 marks during that time. As a result the project’s market capitalization is close to exceeding $2bn, placing it among the top-100 cryptocurrencies on the crypto market.
This growth is largely due to the project’s growing online profile, with prominent industry figures such as BitMEX co-founder Arthur Hayes publicly endorsing it. As a result, the $WIF community is growing, having recently surpassed 50,000 holders.
Though it is often difficult to judge whether a shitcoin will be successful, the signs are positive for $WIF. In particular, the token’s market capitalization and price is still modest despite its impressive recent growth, making the entry-point accessible for many investors.
6. Pepe (PEPE): Legendary Ethereum-based meme coin
Inspired by the Pepe the Frog cartoon character, $PEPE has gradually become the ultimate meme coin, and one of the best shitcoins on the crypto market.
Since launch in April 2023, the token has surged by more than 14,000%, earning a market capitalization of more than $3bn and a place among the top-50 coins on the crypto market.
Like many shitcoins, the growth of Pepe coin has been slow. Following a modest uptick in value just days after launch, the coin tanked, and failed to record any significant gains until earlier this year.
However, the coin has sharply rebounded amid 2024’s meme coins bull run, soaring by a remarkable 900% between the beginning of February and mid-March 2024.
$PEPE has established itself as a pure shitcoin, with the developers establishing a no-tax policy and acknowledging the coin’s fundamental lack of utility.
Another selling point for the project is its deflationary nature, meaning the number of coins in circulation is set to decrease over time. This is likely to be a selling point for those eyeing major gains.
7. Bonk (BONK) – One of the most profitable meme coins of all time
Bonk is another heavy hitter in the cryptocurrency space, having enjoyed gains of more than 25,000% since its launch, and placing comfortably among the top-100 crypto meme tokens on the market.
However, like Pepe, the meme coin’s journey has been staggered, seeing virtually zero growth for a full year after its launch in December 2022.
Despite this, the beginning of 2024 has been highly fruitful for the dog-themed coin, having surged by nearly 200% in the two months following January 1. Overall, $BONK is now comfortably one of the most profitable shitcoins of all time.
Despite appearing as just another meme coin in a vast cryptocurrency market, the $BONK developers claim that its purpose is to be “the first Solana dog coin for the people, by the people”, with half of the token’s supply being airdropped to Solana holders.
The Bonk team also claims that the token has been integrated more than 130 times across sectors such as gaming, gambling and NFTs.
How to find the top shitcoins in 2024
With 158 new crypto projects established between December 2023 and January 2024 alone, this market can be overwhelming to navigate.
Here are a few quick pointers on how to find the best shitcoins in a crowded marketplace.
Look out for new presales
A presale is when a new project’s tokens are sold to a small, exclusive group of investors prior to any public exchange listings. These events are sometimes referred to as Initial Coin Offerings (ICOs).
The purpose of a presale is for the project’s founders to fund the forthcoming stages in its roadmap, which usually involve the rollout of new features and crypto community events.
Crucially, presale prices are typically much lower than post-listing, allowing investors to participate in a project at a much lower entry point.
Social media marketing is a huge component of the cryptocurrency space. Platforms such as X (formerly Twitter), Telegram, and Reddit are home to thriving cryptocurrency communities, with project developers consistently marketing their products through these channels.
For the investor, this represents a virtually endless resource for news, updates and investing tips.
Reddit is a particularly powerful resource for investors, with subreddits such as r/CryptoCurrency and r/CryptoMoonShots boasting millions of members. These communities can be an excellent source of not only information regarding projects, but also advice regarding safety and the legitimacy of certain projects.
Monitor crypto exchanges
Crypto exchanges are a consistently reliable method of finding new shitcoin projects.
Providing you have active accounts, centralized exchange platforms such as Coinbase and Binance provide listings of new coins on their websites, often accompanied by a range of key information regarding the project.
Be wary that exchanges will not list new coins while they are in the presale phase. However, this could be seen as an advantage; only coins considered to be safe and reliable can qualify to list on exchanges.
Therefore, for the more cautious crypto investor, limiting your search to exchange-listed projects could be a wise move.
Observe market trends using news sources
As a legitimate sector of the economy in its own right, cryptocurrency is now routinely covered in the media.
Today, there are a wide range of specialist crypto publications covering new projects, market trends and much more. Some notable examples include Coin Telegraph, Crypto News and Coin Desk.
However, finance desks at mainstream media outlets consistently cover cryptocurrency too. Reuters, YahooFinance, CNBC and The Financial Times are particularly prominent in this area.
However, it is worth noting that mainstream media outlets are unlikely to cover new projects, particularly those operating on a small scale. These sources are more useful for understanding the general direction of travel in the broader market, including investor sentiment and regulatory updates.
Methodology
To find a selection of the best shitcoins to buy, our expert review team conducts thorough research on each project, its features, historical price action, and crypto community. We ensure that the information presented is correct, factual, and unbiased. However, the information we provide cannot be considered investment advice.
FAQs
What is the best shitcoin to buy now?
With all the characteristics of a traditional shitcoin but with additional utility, Dogeverse is showing the potential to reward early investors in 2024.
What is the best shitcoin to buy now?
The short answer is yes. While ‘shitcoin’ was a term originally used to describe crypto projects with no value or utility, this has changed dramatically. Dogecoin, for instance, while originally a shitcoin, is now among the top 10 cryptocurrencies on the market.
What is the best shitcoin to buy now?
While we strictly do not give financial advice or offer predictions, both Dogeverse and Sponge V2 look to have the potential to offer huge returns in 2024.
