News
3 new coins perfect for newcomers to trade in May
The world of cryptocurrencies is always full of new coins, waiting for investors to better interact with them. The current market onset is favoring a new wave of cryptocurrencies, especially the new meme tokens that have already delivered robust returns to their investors.
Here are the top three cryptocurrency gems for newcomers that are easy to trade in May for profitable returns.
Read also: The Middle East and African countries withdraw gold reserves from the United States
Top 3 Coins for Newcomers: A Perfect Deal for May
#1- BONK
BONK is one of the most promising coins in the cryptocurrency market. The token was launched as a dog-inspired token on Solana and gained incredible momentum soon after its launch into the mainstream market. BONK describes itself as a popular currency, helping people to avail a fair chance in the cryptocurrency domain.
For CoinCodexthe month of May could prove significant for BONK as the token could see a stellar price increase of nearly 200% to trade at $0.00008230.
“According to our current Bonk price prediction, Bonk price could increase by 228.38% and reach $0.00008230 by June 9, 2024. According to our technical indicators, the current sentiment is bearish, while the index Fear & Greed shows 66 (greed) . Bonk has recorded 16/30 (53%) green days with price volatility of 20.17% over the last 30 days.”
No. 2: Pepper
Pepe is the latest obsession in the cryptocurrency market. The token is a Web3 iteration of the popular Pepe the Frog meme on the Internet. Launched in January, the token has gained tremendous momentum in 2022, with its market capitalization metrics surpassing 1.5 billion. According to CMC, Pepper is a deflationary meme coin launched on Ethereum and aims to shape its ecosystem like its contemporaries in the space, most notably Dogecoin and Shiba Inu.
At the time of writing, Pepe is up nearly 340% in a year to $0.000008596. The token could surge 200% by the end of May, making it an attractive crypto coin Jack and buy for a long time.
“According to our current Pepe Coin price prediction, the price of Pepe Coin May it will increase by 227.64% and reach $0.00002838 by June 9, 2024. According to our technical indicators, the current sentiment is bullish, while the Fear & Greed index shows 66 (greed). Pepe Coin has recorded 19/30 (63%) green days with price volatility of 16.91% over the last 30 days.
#3: DogWifHat
DogWifHat is another promising meme token attempting to gain a central spotlight in the space. The token was launched in November 2023 and has since reached new levels of popularity and price. The token has increased almost 1760% in the last six to eight months and is poised to grow further thanks to its revolutionary popularity within the crypto circuit.
Read also: Gold vs.USD: Global dynamics are favoring gold over the USD
For CoinCodex, DogWifHat could rise to $10 in May, making it one of the most promising coins to hold close to your heart. The token could surge 200% by the end of May to deliver stellar returns to its holders.
Dogwifhat price is expected to increase by 224.78% and reach $10.16 by June 9, 2024. According to our technical indicators, the current sentiment is bearish, while Fear & Greed index is showing 66 (greed) . Dogwifhat has experienced 15/30 (50%) green days with price volatility of 10.64% over the last 30 days.