Memecoins
Top 3 Memecoins to Watch in Mid-May 2024
The cryptocurrency market suffered a setback over the past 24 hours, with the global market capitalization falling 2.2% to $2.41 trillion. Bitcoin (BTC) fell 2.1% and is trading at just over $62,000.
Memecoins are among the best performing crypto asset class not only in 2023 but also in 2024. Let’s take a look at the top three memecoins to watch in mid-May 2024.
Top 3 Meme Cryptocurrencies to Watch in Mid-May 2024
Shiba Inu (SHIB):
Shiba Inu (SHIB) is one of the most popular crypto assets on the market. According to some analysts, SHIB could see a surge later this month. According to CoinCodex, SHIB price could reach $0.00003456 on May 15, 2024. Reaching $0.00003456 from current levels would result in almost 50% growth.
Additionally, CoinCodex predicts that the cryptocurrency will reach a high of $0.00006359 this month. Reaching $0.00006359 from current levels would result in approximately 175% growth.
Also Read: Top 3 RWA Cryptocurrencies to Watch in May
Changelly also expects Shiba Inu (SHIB) to rally in mid-May. The platform predicts that the dog-themed cryptocurrency will reach $0.00003281 on May 15, 2024. Additionally, Changelly also expects the cryptocurrency to cross the $0.00006 level, reaching $0.00006696 on May 28, 2024. Reaching $0.00006696 from current levels would result in growth of over 190%.
Pepe (PEPE):
Pepe is among the best performing cryptocurrencies of the previous week, rising 19.2% in seven days. However, the asset fell 4.6% in 24 hours and 2.1% on the 14-day charts. Pepe was also one of the best performing crypto assets in 2023.
CoinCodex predicts that Pepe will recover over the coming weeks. The platform predicts that Pepe will reach $0.00001191 on May 15, 2024. Reaching $0.00001191 from current levels would result in growth of approximately 52.17%.
Additionally, CoinCodex predicts that Pepe will reach $0.00002193 on May 30, 2024.
Bonk (BONK):
BONK was also among the best performing cryptocurrencies of 2023. The Solana-based memecoin has seen incredible growth in its short history. BONK is up nearly 4,778% since May 2023. However, the asset has faced a significant correction over the past few weeks, falling 4.2% in 24 hours and 10.7% on the charts over 14 days.
However, CoinCodex expects BONK to enter a rally quickly. The platform predicts that BONK will reach $0.00003553 on May 15, 2024. Additionally, the platform predicts that BONK will reach $0.00006524 on May 30, 2024.
