Bitcoin has touched the $67K price milestone, signaling a new era of BTC pricing post-Bitcoin halving. Halving was dubbed a monumental event that was supposed to trigger an altcoin rush in the cryptocurrency market, ushering in a new era for tokens.
With that said, the halving jitters are slowly making their way into the altcoin markets. The event influenced major meme tokens and currencies, which in turn are noting a new price surge in their valuations.
As the world inches towards exploring new meme tokens as the new lucrative financial paradigms, here are our top three meme coin suggestions that may disseminate exponential returns in May 2024.
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3 Meme Coins To Watch In May For Double-Digit Returns
Cryptocurrency #1: DogWifHat
DogWifHat, or WIF, took the Internet by surprise earlier when Bloomberg reported a striking development that may involve WIF capitalizing on the hedge fund market vertical. The report outlines the growing meme token frenzy that has been taking over the market as of late, leading notable altcoins to bite the dust.
WIF has recently flipped Polygon in terms of 24-hour on-chain volume metrics. The token is embracing a renewed surge of users interested in exploring the token’s agility to the fullest.
Per CoinCodex, WIF is expected to spike by 200% in May 2024, delivering a stellar rate of returns to its holders.
“The price of Dogwifhat may rise by 224.01% and reach $9.92 by May 25, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 72 (greed). Dogwifhat recorded 15/30 (50%) green days with 17.07% price volatility over the last 30 days.”
Cryptocurrency #2: PEPE
The famous frog-inspired meme that was immortalized by blockchain enthusiasts, thanks to them, is now one of the most promising crypto meme currencies in the market, documenting stellar price ascents each day. According to CoinMarketCap, PEPE is currently trading at $0.00000726, with predictions supporting its further price peak and ascent.
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According to CoinCodex, Pepe may spike by nearly 233% in May to trade at the $0.0002 price level. Pepe can be a profitable investment for users looking forward to exploring meme coins as tools for fostering profitability in a particular frame of time.
“The price of Pepe Coin may rise by 233.94% and reach $0.00002442 by May 25, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 72 (greed). Pepe Coin recorded 17/30 (57%) green days with 16.11% price volatility over the last 30 days.”
Also Read: Cryptocurrency: 3 Exchange-Based Coins Set to 50x This Bull Season
Cryptocurrency #3: Shiba Inu
Shiba Inu, the original meme coin, is now climbing new price peaks as community sentiment towards SHIB turns more aggressive and focused. The token is now expanding its base by introducing new dynamics. SHIB is set to introduce new elements in Shibarium like launching Shiba Hub and Shiba Eternity P2E.
According to CoinCodex, Shiba Inu may surge by 229% by the end of May 2024, trading at $0.00008284. SHIB can also be a profitable addition to an investor’s portfolio to extract profits from in May.
“The price of Shiba Inu may rise by 229.47% and reach $0.00008284 by May 25, 2024. Per our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 72 (greed). Shiba Inu recorded 15/30 (50%) green days with 10.62% price volatility over the last 30 days. “