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Top 5 trending meme coins to watch this month
The meme coin sector continues to make waves with numerous meme coins seeing double-digit price spikes quite frequently.
The group’s market capitalization currently stands at almost $65 billion and in the following lines we will cover five assets that could be among the best performers this month.
TRUMP
This meme coin linked to former American President, Donald Trump, may experience severe volatility in June as it is heavily influenced by some news surrounding the billionaire.
MAGA (TUMPET) skyrocketed essentially in mid-May, following news that Trump (who will challenge the current political leader, Joe Biden, in the next presidential election) would be leading in five of the six undecided states, such as Pennsylvania, Arizona, Michigan, Georgia and Nevada.
The token testified Serious ups and downs towards the end of the month, when the American was found guilty in a secret trial involving pornographic film actress Stormy Daniels.
In the days that followed, it rode out the turbulence, reaching a new all-time high of over $17 on June 1. Shortly thereafter, however, it headed south and is currently trading at around $13.20 (according to data from CoinGecko).
TRUMP price, Source: CoinGecko
Trump and Biden have agreed to participate in a debate on June 27, while the former president’s sentencing in the aforementioned trial is set for next month. Both factors can contribute to increased volatility in TRUMP’s price.
BODEN
This meme coin related to the current American president, Joe Biden, saw the light in March and reached a record of almost 1 dollar a month later. Since then, however, BODEN has been on a decline, recording brief peaks on several occasions.
For reasons similar to those stated above, BODEN will likely be subject to increased speculation and, therefore, volatility. Meme coins of this type are worth keeping an eye on because they tend to experience huge price changes during periods of this type.
Currently, the asset is worth around $0.25, but its price could fluctuate significantly this month following the upcoming debate and other news about Biden.
BODEN price, Source: CoinGecko
BRETT
The frog-themed Brett (BRETT) has been one of the best performers in the meme coin realm lately, with its valuation skyrocketing 180% on a monthly scale.
The asset made headlines today (June 4), defying market trends with a 30% price rally. Its market capitalization has surpassed the billion-dollar mark, making BRETT the seventh largest token in its group.
BRETT price, source: CoinGecko
It will be interesting to see if the bull run can continue this month and if the meme coin can topple leaders like Bonk Inu (BONK) and Floki Inu (FLOKI).
POPCAT
Feline-themed meme coins have also become increasingly popular, with POPCAT being one of the largest of its kind. It entered the market in December last year, but began progressing in March 2024.
POPCAT’s peak occurred in early May, when its price reached nearly $0.65, while the market capitalization surpassed $600 million.
It is currently trading at around $0.45. Celebrity endorsements, marketing trends, growing adoption and more can spark a new resurgence. Therefore, it will be interesting to see what June has to offer.
SHIB
Last but not least, we will talk about the second largest meme coin: Shiba Inu (SHIB). Despite the unsatisfactory price performance over the past month, it remains one of the hottest topics in the cryptocurrency industry due to the considerable number of investors.
SHIB’s potential near-term rally could be fueled by several elements, including its combustion mechanism and the advancement of the layer 2 blockchain solution: Shibarium.
The burn rate skyrocketed today (June 4), exploding by over 10,000% and resulting in 21.4 million tokens sent to a null address.
For its part, Shibarium has achieved countless milestones since its launch in August last year. Like CryptoPotato reportedthe total number of blocks processed on the network has exceeded 5 million, while total transactions are approaching 420 million.
Shibarium is designed to advance the Shiba Inu ecosystem by improving speed, reducing transaction fees, encouraging community participation and improving scalability. Those curious to learn more about the L2 blockchain solution can consult our dedicated video below: