Although the meme coin sector is constantly adapting, dog-themed meme coins have continued to dominate, ever since the launch of Dogecoin (DOGE) in 2013. With so many new meme coins being created every week, how do you know which are the best dog memes to invest in?
Below, I’ve created a guide on dog meme coins: what they are, why they’re so popular, and which ones you might want to consider buying in December 2024.
Our Top Picks for the Best Dog Meme Coins
1. Dogizen (DOGIZ) – A dog-themed social gaming experience built on Telegram
2. Dogecoin (DOGE) – The original dog meme coin with the largest market capitalization
3. Shiba Inu (SHIB) – A dog-themed meme coin with a substantial ecosystem
A Closer Look at The Best Dog-Themed Meme Coins to Buy
Here is a closer look at why the above coins stood out as the best dog-themed meme coins to buy this month.
1. Dogizen (DOGIZ)
Dogizen is a relatively new meme coin project built on Telegram. It is described as a dog-themed social gaming experience that aims to make Web3 accessible to Web2 users, starting with almost 1 billion users that use the Telegram platform.
Dogizen is powered by the TON Blockchain. The project offers an open-source Software Development Kit (SDK) that allows developers to create Web3 games on Telegram. The Dogizen Launchpad then makes the process of launching games incredibly simple – this combination could help the Dogizen ecosystem to grow significantly.
In terms of existing projects, the Dogizen Universe is already home to Dogizen MVP, a tap-to-earn game with more than 1 million users. The Dogizen team is hoping to create an ads-first platform that connects real-users with the businesses that they’re interested in.
Dogizen is powered by DOGIZ, a utility token that is deeply integrated into the Dogizen ecosystem. DOGIZ holders can earn a revenue share from the Dogizen ads platform and the games within the Dogizen Universe. There is a total of 1 trillion DOGIZ tokens, allocated as follows:
- Presale (10%) – 100 billion DOGIZ tokens
- Community (40%) – 400 billion DOGIZ tokens
- Liquidity (15%) – 150 billion DOGIZ tokens
- Marketing (15%) – 150 billion DOGIZ tokens
- Product (20%) – 200 billion DOGIZ tokens
2. Dogecoin (DOGE)
Dogecoin (DOGE) is the ultimate dog meme coin. Created as a joke in 2013, it quickly rose to fame and cemented itself as one of the best-performing cryptocurrencies of all time.
Now, DOGE is an open-source, peer-to-peer cryptocurrency. The Dogecoin website describes Dogecoin as an “accidental crypto movement that makes people smile”. Dogecoin uses a Proof of Work (PoW) consensus mechanism, much like Bitcoin, making the network highly secure and decentralized.
Dogecoin is an incredibly community-driven project – in fact, this is the primary reason that Dogecoin has continued to see mainstream success since its launch.
Dogecoin doesn’t have an infinite number of use cases, but it is primarily intended to act as a form of money. It has low fees and speedy transactions, making it an excellent option for those looking for a new payment method.
3. Shiba Inu (SHIB)
Shiba Inu (SHIB) is another of the best dog meme coins available to investors. Built on the Ethereum blockchain, Shiba Inu has a range of utilities and a growing ecosystem:
- Shiboshi Game – An upcoming Web3 game built on Ethereum
- The Shiboshis – A range of 10,000 unique non-fungible tokens (NFTs)
- Shiba Swap – A decentralized exchange that allows users to stake and swap tokens
- Shibarium – A Layer 2 blockchain that enables staking and bridging between chains
- Shib the Metaverse – An interactive metaverse built on Shiba Inu
There are three different tokens contained within the Shiba Inu ecosystem:
- SHIB – The ecosystem’s primary token that can be used as a means of exchange
- BONE – Shiba Inu’s governance token, used to power the Doggy DAO
- LEASH – A rewards token that provides benefits to Shiba Inu loyalists
SHIB is an ERC-20 token, which means that it benefits from Ethereum’s enhanced security. It is also interoperable with other EVM-compatible blockchains. The size of Shiba Inu’s ecosystem makes SHIB one of the top dog-themed meme coins available.
4. Baby Doge Coin (BABYDOGE)
Created by fans of the original Dogecoin, Baby Doge is “The World’s Best Meme Community”. Baby Doge has limited utility, with the primary purpose of the project being “building a fun meme community to spread awareness of animal welfare and pet adoption”. Baby Doge actually holds the record for the most pet food donated within a 24-hour period.
The Baby Doge ecosystem continues to grow:
- Baby Doge AI – An AI image generator that allows the community to easily create baby Doge characters and memes
- Baby Doge Swap – A decentralized exchange that allows users to swap any token on the BNB Chain in seconds
- Baby Doge Card – A virtual, prepaid card that users can load with cryptocurrencies
- Baby Doge Army NFTs – A collection of 2D and 3D non-fungible tokens
The Baby Doge meme coin was originally built on the Binance Smart Chain (BSC), but it’s now also available on Ethereum. There is a total supply of 420 quadrillion BABYDOGE tokens, although more than 50% of this supply has been burned.
Baby Doge’s strong community, charity focus and growing ecosystem position it as one of the best dog meme coins that you can buy today.
5. Dogwifhat (WIF)
DogWifHat is one of the most popular dog meme coins available. It is a stereotypical meme coin, built with no utility and based around an image of a Shiba Inu wearing a knitted pink hat. On the DogWifHat website, it is described as being “literally just a dog wif a hat”.
The $WIF meme coin is built on Solana and has a total supply of 1 billion tokens. Launched in November 2023, DogWifHat has a strong, loyal community behind it.
It didn’t take long for $WIF to cement itself as one of the top-performing dog meme coins, with the price skyrocketing by more than 6,000% within a single year – despite its limited utility, this positive price action demonstrates DogWifHat’s significant potential as an investment.
What are Dog Meme Coins?
Dog-themed meme coins are a specific category of cryptocurrency. Meme coins are cryptocurrency tokens with little-to-no utility, usually based on a viral meme or internet trend. Dog meme coins are those meme coins based on dogs, specific dog breeds or dog-related memes.
Typically, dog meme coins are based on memes featuring a Shiba Inu. For example, Dogecoin (DOGE), Shiba Inu (SHIB) and Floki (FLOKI) all feature the popular Shiba Inu dog breed.
Why Are Dog Meme Coins so Popular?
Dog meme coins have continued to grow in popularity since Dogecoin’s launch in 2013, but why are they such a popular investment?
Community-Driven Projects
The best dog meme coins have a really strong community behind them. For example, Dogecoin was originally created as a joke, but thanks to a solid community, it quickly became one of the world’s largest – and longest-standing – cryptocurrencies.
Dog-themed meme coins have continued to attract large, passionate groups of holders, who actively help to grow the protocol by promoting it on social media. In fact, it could be argued that these meme coins would not be successful without the communities behind them.
Social Media Influence
Social media can significantly influence the growth of a dog meme coin project. Specifically, X (Twitter) and Reddit – and more recently, TikTok – have helped to fuel the popularity of meme coins through community engagement, viral marketing and open conversations.
These social platforms allow memes to be shared more freely and created more quickly. Once a dog meme coin has been created, social media is frequently used by the meme coin community to promote their favourite tokens.
Celebrity Endorsements
Celebrity endorsements have contributed to the rising popularity of dog meme coins. Elon Musk, for example, has long been an advocate for Dogecoin (DOGE). His tweets have directly contributed to quick, significant price increases for the meme coin – this demonstrates the influence that celebrity endorsements can have on dog meme coins, as well as their significant volatility.
Celebrity involvement helps to create buzz around dog-themed meme coins, helping to grow the community and enhance the sense of FOMO (Fear Of Missing Out).
What are The Risks of Investing in Dog Themed Meme Coins?
As with any investment – especially meme coin investments – there are some risks associated with investing in dog meme coins.
- Volatility – Dog meme coins can be incredibly volatile, gaining and losing a large percentage of value in a very short period of time. Because of other risk factors – lack of fundamentals and changing trends included – there’s every possibility that you could lose a lot of your capital when trading dog-themed meme coins.
- Changing trends – Meme coins are designed to take advantage of viral trends and memes. Given the speed at which trends on the internet change, dog-themed meme coins can quickly lose popularity as the community behind it moves on to the next trend. Also, the meme coin market typically prioritizes different memes. For example, in 2024, there was a shift away from dog meme coins, with investors preferring memes based on cats – Popcat ($POPCAT) and Mog Coin ($MOG) – or frogs – Pepe ($PEPE) and Brett ($BRETT).
- Rug pulls – Meme coins are designed to be created quickly and are usually created with the intention of investors (and the team behind the project) making a quick profit. However, many dog meme coin projects are subjected to “rug pulls”, which means that the team behind them sell their holdings and disappear, causing the token price to plummet.
- Lack of fundamentals – Even the best dog meme coins usually have limited fundamentals. Based on memes and trends, meme coins are not usually built for longevity, which means they will likely never see mainstream, long-term adoption.
How to Buy Dog Meme Tokens
There are two main options available to investors wanting to buy dog meme coins: centralized and decentralized exchanges.
How to Buy Dog Meme Coins on a Centralized Exchange
The best dog meme coins will be listed on a centralized exchange. To buy dog meme coins, you’ll need to:
- Create an account – First, create an account at your chosen exchange. This will involve completing Know Your Customer (KYC) checks to help the exchange verify your identity.
- Add funds to your account – Add funds to your account using your preferred payment method. On centralized exchanges, this deposit will typically be made using fiat currencies.
- Buy tokens – Buy whichever dog meme coin you’re interested in by visiting the market page, clicking “Buy” or “Trade”, and deciding how many tokens you want to purchase.
- Store tokens in a wallet – Once you’ve bought your dog-themed meme coins, transfer them to a secure, private wallet using the exchange’s “Send” function and your wallet’s address.
How to Buy Dog Meme Coins on a Decentralized Exchange
The process for buying dog meme coins on a decentralized exchange is slightly different:
- Create a cryptocurrency wallet – First, you’ll need to create a compatible cryptocurrency wallet. For example, if you’re looking to buy an Ethereum-based dog meme coin, you’ll need a wallet that accepts ERC-20 tokens, such as MetaMask.
- Purchase tokens to trade – Visit a centralized exchange to purchase cryptocurrency tokens that you’ll then use to trade for your chosen dog meme coin. Again, if you’re buying an ERC-20 dog meme coin, you’ll need to buy an Ethereum-based token, such as Ether (ETH).
- Connect your wallet – Visit the decentralized exchange and connect your wallet.
- Swap tokens – Use the exchange’s “Swap” function to trade your previously bought cryptocurrency tokens for your chosen dog meme coin. Once you’ve done this, your new tokens will automatically appear in your connected crypto wallet.
How to Know if a Dog Meme Coin Has Potential?
Although it’s impossible to know whether a dog meme coin will definitely succeed, the best dog meme coins will have some clear signs of potential.
Online Community
Make sure that your chosen dog meme coin has a strong, vibrant community behind it. The best dog meme coins will have a large social following on platforms such as X and Discord, and the community will actively try to promote the meme coin.
Viral marketing
The meme coin team should be trying to market their token as much as possible on social media platforms. If you’ve seen the meme in question or have heard of the token before researching it, this is probably a good sign. The best dog meme coins will have good potential for virality – this is the best way to build up the community behind the token.
Tokenomics and roadmap
Although most meme coins have limited utility, it’s important to make sure that your chosen dog-themed meme coin has strong tokenomics and a detailed roadmap.
When looking at tokenomics, make sure that the majority of tokens are allocated to the community – if the project owners have the largest allocation of tokens, this increases the likelihood of a rug pull taking place.
In terms of a roadmap, does the team have a plan for marketing the project and growing the ecosystem around the meme coin? If so, this is a good sign that the token (and its community) will continue to grow.
Successful ICO
A lot of meme coins are launched with an Initial Coin Offering (ICO). This allows early investors to purchase the meme coin, usually at a discounted rate. If the ICO is successful, this can suggest that the project will see significant interest once launched properly. If nobody is buying the token during a presale, it’s unlikely to perform well once listed on exchanges.
Final Thoughts
Dog meme coins are one of the longest-running trends, both within the meme coin sector and within the crypto space in general. With backing from huge names such as Elon Musk, it’s likely that dog meme coins will continue to dominate the cryptocurrency market for years to come.
Just remember to do your research and always expect volatility when investing in meme coins!
