Memecoins
3 Meme Coins to Watch in May for Exponential Gains
Bitcoin crossed the $67,000 mark, signaling a new era of BTC pricing following the Bitcoin halving. The halving has been called a monumental event expected to spark an altcoin rush in the cryptocurrency market, ushering in a new era for the tokens.
That said, the halving nervousness is slowly making its way into the altcoin markets. The event influenced major meme and currency tokens, which in turn note a further price rise in their valuations.
As the world prepares to explore new meme tokens as lucrative new financial paradigms, here are our top three suggestions for meme coins that could stream exponential returns in May 2024.
Read also: Cryptocurrency: 3 Best Coins to Buy for 70x Profits This Bull Season
3 Meme Coins to Watch in May for Double-Digit Returns
Cryptocurrency #1: DogWifHat
DogWifHat, or WIF, surprised the internet earlier when Bloomberg reported a striking development that could imply WIF is capitalizing on the hedge fund vertical. The report describes the growing meme token frenzy that has taken over the market in recent times, leading to notable altcoins biting the dust.
WIF recently reversed Polygon in terms of 24-hour on-chain volume metrics. The token welcomes a new influx of users interested in exploring the agility of the token to the fullest.
By CoinCodexWIF is expected to increase by 200% in May 2024, providing an exceptional rate of return to its holders.
“Dogwifhat price could rise by 224.01% and reach $9.92 by May 25, 2024. According to our technical indicators, the current sentiment is bearish, while the Fear & Greed Index shows 72 (greed) . Dogwifhat has recorded 15/30 (50%) green days with a price volatility of 17.07% over the last 30 days.
Cryptocurrency No. 2: PEPE
The famous frog-inspired meme that was immortalized by blockchain enthusiasts, thanks to them, is now one of the most promising meme cryptocurrencies on the market, documenting stellar price rises every day. According to CoinMarketCap, PEPE is currently trading at $0.00000726, with forecasts supporting its new peak and rise.
Read also: Ditch the US stock market and invest in gold in 2024: says analyst
According to CoinCodex, Pepe could surge almost 233% in May to trade at the $0.0002 price level. Pepe can be a profitable investment for users eager to explore meme coins as tools to drive profitability in a particular time frame.
“Pepe Coin price could rise by 233.94% and reach $0.00002442 by May 25, 2024. According to our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is reading 72 (greed ). Pepe Coin has recorded 17/30 (57%) green days with a price volatility of 16.11% over the last 30 days.
Read also: Cryptocurrency: 3 exchange-based coins set at 50x this bull season
Cryptocurrency #3: Shiba Inu
Shiba Inu, the original meme coin, is now reaching new price heights as community sentiment towards SHIB becomes more aggressive and focused. The token is now expanding its base by introducing new dynamics. SHIB is about to introduce new items in Shibarium like launch Shiba Hub and Shiba Eternity P2E.
🌕🌕🌕$SHIB started with humble beginnings and is now ranked number 1.13 crypto with a market cap of $17 billion.
There’s always a new gem 💎 that you need to discover and empower!
One of which is…
😉
– Shiba Inu (@ShibainuCoin) March 26, 2024
According to CoinCodex, Shiba Inu could rise 229% by the end of May 2024, trading at $0.00008284. SHIB can also be a profitable addition to an investor’s portfolio to earn profits in May.
“Shiba Inu price could rise by 229.47% and reach $0.00008284 by May 25, 2024. According to our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is reading 72 (greed ). Shiba Inu recorded 15/30 (50%) green days with price volatility of 10.62% over the last 30 days. “