In Australia, almost 1 in 4 adults own some type of cryptocurrency. The crypto market in Australia has witnessed significant growth in terms of ownership and adoption, reflected in increasing demand for cryptocurrencies. On  June 2024, Australia has made a milestone progress in crypto industry-‘Australia’s only spot bitcoin ETF’ commenced trading on Cboe Australia Exchange in June 4,2024. Australia’s spot Bitcoin ETF entry into the market indicates a broader acceptance of Bitcoin as an institutional asset class.

Fueled  by the exciting news, more and more Australian investors dive into cryptocurrencies. When it comes to cryptocurrencies, the first come to mind may be Bitcoin, Ethereum and some most popular coins. However, meme coins draw great attention from investors and tide off a meme coin crazy since their emerge. Over the past few months, meme coins have seen good performance in price with increasingly growing popularity.

In this article,we will explore best meme coin to buy for Australians in July 2024 from following aspects, thus offering more information for Australian investors.

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What is Meme Coin?

Best Meme Coin to Buy In Australia for July 2024

Dogecoin (DOGE)

Shiba Inu (SHIB)

Pepe (PEPE)

Floki Inu (FLOKI)

Bonk (BONK)

Conclusion

How to Trade Meme Coin on BTCC?

What is Meme Coin?

Meme coin is a category of cryptocurrencies inspired by memes, characterized by playful branding and often driven by social media buzz. As a unique genre of cryptocurrencies, meme coin has gained significant popularity in the digital asset market.

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Best Meme Coin to Buy In Australia for July 2024

With the rapid development of meme coin, all kinds of meme coins emerged. Investors may be confused when selecting the most potential meme coin to trade, especially for newcomers. This article will introduce top five meme coins to trade in July 2024 for Australian traders.

Dogecoin (DOGE)

If Bitcoin was the original cryptocurrency, Dogecoin was the original memecoin. Launched in 2013, Dogecoin (DOGE) was creadted by Jackson Palmer and Billy Markus, featuring a Shiba Inu dog. Unlike Bitcoin’s limited supply, Dogecoin does not have a limit on the number of coins that can be generated.

Dogecoin saw a plain start to 2024, however, from February to March, the price of Dogecoin surged as Bitcoin created multiple new all-time highs. In March 5, 2024, Dogecoin price reach a new high of $0.195 and its 24-hr trading volume reached $4.479 billion. As of July 11, 2024, DOGE traded at a price of $0.10765408, up 1.32 % over the past 24 hours.

As crypto market saw many optimistic factors in 2024, a bull run can be expected to occur in 2024. According to our market analysis, we are very confident about the outlook of Dogecoin. There is no doubt that Dogecoin is a promising option for Australian investors. It is predicted Dogecoin price would reach $0.32 on the high end and a lower end of $0.07825 and an average price of $0.1150 by the end of 2024.

For more information, please visit BTCC DOGE quote page.

The following sets forth the DOGE to USD Price Chart:

Dogecoin Chart

If you are interested in DOGE, click following button to buy DOGE coin now↓

＼Deposit and Receive Up to 10,055 USDT!／

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Shiba Inu (SHIB)

Created anonymously in August 2020, Shiba Inu (SHIB) was another dog-themed meme coin based on the same set of internet memes as Dogecoin. SHIB is an Ethereum-based ERC-20 token. Since launch, Shiba Inu has gained huge popularity and success.

Shiba Inu is considered as a direct challenger to Dogecoin, capturing the imagination of investors with its cute dog mascot and a massive supply. Since March, Shiba Inu price has seen huge rally, it reached a new high of $0.00004289 in March 5, 2024. As of July 11, 2024, Shiba Inu traded at a price of $0.00001637, up 1.67 % over the past 24 hours.

As SHIB is a relatively rich and potentially valuable meme coin, we believe it is a good option for Australian traders to invest in this July. It is anticipated Shiba Inu (SHIB) to be traded at a minimum value of $0.000000544, a maximum potential price of $0.0000463 by the end of 2024.

For more information, please visit BTCC SHIB quote page.

The following sets forth the SHIB to USD Price Chart:

Shiba Inu Chart

If you are interested in SHIB meme coin, click following button to buy SHIB coin now↓

Pepe (PEPE)

Falling way behind DOGE and SHIB in terms of market capitalisation, Pepe is a meme coin based on a meme popularised by the often-problematic image board website, 4chan. Since launched in April 2023, Pepe Coin has rapidly gone viral. Because of its unique deflationary mechanisms and redistribution systems, Pepe Coin received large large popularity among investors.

Since the approval of spot ETH ETFs by SEC, the overall crypto market is basically bullish. The initial bull run of 2024 was ignited by the PEPE price rally which FLOKI, BONK, WIF, etc later followed. In 2024, PEPE price experienced large spike. In early March, PEPE was only traded at a price of $0.00000272. PEPE price rapidly surged to $0.00000716 in March 5, then PEPE price increased amid volatility and reached a peak of $0.00001050 in March 14. As of July 11, 2024, PEPE traded at a price of $0.00000915, up 3.69 % over the past 24 hours.

Considering the current state of Pepe (PEPE) and its potential as an investment, there are huge attraction for Australian investors to explore this meme cryptocurrency, believing it is a good investment option for Australian traders in this July. It is estimated that by the end of 2024, Pepe coin price can be traded at a maximum price of around $0.0000124.

For more information, please visit BTCC PEPE quote page.

The following sets forth the PEPE to USD Price Chart:

Pepe Chart

If you are interested in PEPE, click following button to buy PEPE coin now↓

Floki Inu (FLOKI)

In the dog-dominant meme coin landscape, Floki Inu (FLOKI) has emerged as one of the most popular dog copycat coins in the crypto market. Inspired by Elon Musk, the billionaire CEO of the electric car manufacturer Tesla, Floki Inu (FLOKI) was created by an unknown team of developers who were enthusiastic fans and members of the Shiba Inu community. FLOKI token  runs on both the Ethereum blockchain and the Binance Smart Chain (BSC) network, allowing FLOKI holders to store and trade their tokens using either blockchain.

Floki Inu is a meme coin with unique charm and potential, and the community-driven and ecosystem construction behind it provides a solid foundation for its future development. Notably, Floki Inu (FLOKI) is more than just a meme coin, it’s building an ecosystem that includes the following major projects: Valhalla, FlokiPlaces, and Floki University.

Despite being a relatively new crypto project, Floki Inu’s market position and influence are expected to further increase as it continues to launch new utilities and strengthen cooperation with other projects. Given its huge potential and unique ecosystem, we regard this meme coin as a good investment option for Australian traders in this July, believing its will bring investors generous return.

For more information about Floki Inu (FLOKI) , please visit BTCC Floki Inu (FLOKI)  quote page.

The following sets forth the FLOKI to USD Chart

FLOKI Chart

If you are interested in FLOKI, click following button to buy FLOKI coin now↓

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Bonk (BONK)

Bonk (BONK) is the first dog-themed meme coin project built on the Solana blockchain. Launched on 25th December 2022, it led to a rise in the value of the SOL token (a rise of 34% in 48 hours). The main goal of BONK is to bring back liquidity to Solana-based decentralised exchanges (DEXs). It is developed with the idea of a full-fledged community coin that can be traded on all dApps built on Solana.

In 2023, BONK experienced a massive recovery, growing significantly in market cap and even briefly surpassing FLOKI Inu to become the fifth largest meme coin. BONK, as a cryptocurrency, uses blockchain technology to ensure the normal operation of the distribution, verification,burning and other processes of tokens.

BONK has a huge supply and is relatively cheap compared to other cryptocurrencies, which makes it psychologically more cost-effective and accessible to investors. Given the remarkable achievement it has made and strong ecosystem, we list this meme coin as one of the best meme coin to buy  for Australian traders in this July.

For more information about Bonk (BONK) , please visit BTCC Bonk (BONK) quote page.

The following sets forth the BONK to USD Chart

Bonk Chart

If you are interested in BONK, click following button to buy BONK coin now↓

＼Deposit and Receive Up to 10,055 USDT!／

Conclusion

Given recent remarkable performance, meme coins emerge as potential candidates for investors seeking high returns in July 2024. Amid a favorable environment, we are confident that investing above-mentioned meme coins is a right choice for Australian traders looking for huge profit.

However, as the primary significance of meme coins is rooted in their association with meme culture, instead of possessing inherent value or a specific purpose, these coins are notably prone to price fluctuations. Therefore, traders are advised to be well-informed and cautious before making any investment choice.

＼Deposit and Receive Up to 10,055 USDT!／

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How to Trade Meme Coin on BTCC?

Just like you can open a brokerage account to buy and sell stocks, you can open an account with a cryptocurrency exchange to buy crypto. Choosing a suitable exchange is also crucial in the process of trading cryptocurrencies. For those with interests in meme coins, we would like to introduce BTCC, one of the longest-running exchanges in the world, for your trading.

BTCC stands out in many aspects, like high liquidity & volume, flexible leverage up to 225x, rich rewards, etc. We believe join BTCC would make your trading journey more delightful!

The following sets forth the guidance for buying meme coins on cryptocurrency exchange BTCC:

Step One: go to the BTCC homepage and log in to your BTCC account. If you do not have an account, you need to register first.

Step Two: on the BTCC official homepage, choose “Deposite” > “Fiat Deposit”, and then fund your account.

Step Three: go back to the BTCC official homepage, choose “Futures” -“USDT-M Perpetual Futures Contract”, and find the meme coin trading pair.

Step Four: choose the contract trading order type. BTCC contract orders are divided into market orders, limit orders and SL/TP orders.

• Market Order: users place orders at the best price in the current market to achieve fast trading.
• Limit Order: Limit orders are a type of order to buy or sell futures at a price more favourable than the market price. When you buy at a price lower than the market price or sell at a price higher than the market price, the order will be in the form of a limit order.
• SL/TP Order: SL/TP orders are a type of order to buy or sell futures at a price less favourable than the market price. When you buy at a price higher than the market price or sell at a price lower than the market price, the order will be in the form of a SL/TP order.

Step Five: adjust the leverage multiple.

Please keep in mind that operating leverage carries the risk of liquidation. Leverage should be adjusted based on your financial status and risk tolerance.

Step Six: choose the lot size and set the SL/TP price .

Step Seven: after setting the basic data information, users can choose to buy (open long) or sell (open short) after entering their ideal price. Traders should remind that the price cannot be higher or lower than the highest buying price or lowest selling price of the platform.

Step Eight: click the buy or sell button, and the meme coin futures contract order is completed.

＼Deposit and Receive Up to 10,055 USDT!／