Memecoins
Memecoins for 3x profits by the end of May!
After showing a significant correction in the cross-border financial system, the cryptocurrency market managed to regain momentum over the past week by adding $180 billion to its valuation. Furthermore, the BTC Price reclaimed the $67,000 mark, indicating positive sentiment in the crypto space.
Additionally, the hype around memecoins has seen a new influx of investors eager to maximize their profits during the next bull run. Are you planning to invest in memecoins in May? Or are you unsure which one has the highest upside potential?
Dive in because, in this article, we have covered the top four memecoins that have a high potential of recording exponential growth by the end of the month.
ERC20 (ERC20):
Built on the Ethereum contract, ERC20 made its first appearance in the crypto market in the year 2017. This project has many key features such as faster transactions, collection and other benefits of ERC tokens on blockchains and decentralized markets.
Aiming to solve the problems encountered in the future, the ERC20 project has a built-in smart contract and has the ability to process more reliable and confidential transactions without the participation of a centralized or decentralized third party during the entire process.
At the time of writing, the ERC20 token’s trading price was $0.169, with a 24-hour gain of 67.31% and a trading volume of $32.966 (+133.54%). Additionally, ERC 20 price has increased by 665.59% over the past day and has a cumulative return of 1,870.55%, making it one of the top picks on this list.
GameStop (GME):
Launched in early 2024 on the Solana chain during the memecoin rally, the GameStop token showed mixed sentiment for a brief period. However, following Roaring Kitty’s resurfacing on the “X” platform by posting a meme over the past week, GameStop stock has seen a massive surge.
With a trading price of $0.005929 and a market capitalization of $40.497 million, the GME token has secured the 672nd position on the global crypto market list by market capitalization. Despite a 28.45% correction over the past day, GME price is up 1,035.63% over the past seven days.
MAGA Vice President (MVP):
Mainly built on the Ethereum contract, MAGA VP later expanded to the Solana, Base and BNB smart chain. The sole purpose of this project is to support Donald Trump, who is campaigning for the US presidential elections this year.
The MAGA VP (MVP) token has a trading price of $0.6084 and a market cap of $25.260 million. With a circulating supply of 47.50 million MVP tokens, it has a strong potential to record massive gains during the campaign process, thereby giving its investors a window to make significant profits.
Ponke (PONKE):
Built on the Solana blockchain, the Ponke token is known for its relatively low fees and fast transactions. Additionally, this project has integrated into major crypto exchanges, giving it greater accessibility to cross-border audiences.
Positively, this memecoin has added around 45% over the past day and 100.66% over the past seven days. Additionally, with a circulating supply of 555,548,158 PONKE tokens, the price of PONKE has surged 334.68% this year, highlighting positive price action for this memecoin in the coming period.
Conclusion:
Price volatility in the crypto market is constantly increasing, with the price of Bitcoin managing to regain its momentum over the past week. Additionally, memecoins recorded a similar trend by registering a bullish reversal in their respective chart, highlighting a positive outlook for times to come.
Investing in memecoins is very risky as it is very volatile in nature and is known to record massive price movements (pumps or dumps) over a short period of time. Be sure to do your own research (DYOR) before investing in any digital asset.
Note: This article is in no way intended to provide financial advice or business tips. Additionally, the tokens selected for this article were chosen entirely based on their historical price and market sentiment and are not promotional.
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