💥💥💥 Here Are Top 10 #Memecoins🤑🤑 to Watch This May
April posed challenges for altcoins, and May commenced with a pronounced bearish sentiment, particularly impacting meme coins. However, market analysts see a potential market recovery on the horizon, spurred by Bitcoin's drop to $56K, signaling a possible end to the recent downturn.
Anticipating this recovery, the #CryptoCommunity eyes meme coins to lead the bullish narrative. Notably, X account @SharkyCoins highlighted ten meme coins to watch closely during the expected market turnaround this month.
#Dogecoin (DOGE) stands out with its $18.4 billion market valuation, trading at $0.1282 with a 4% gain in the last 24 hours. Despite being 15% below its price seven days ago and experiencing a 30% decline in the past month, DOGE's current value presents a significant buying opportunity.
#shibaInu (SHIB), DOGE's closest rival, is up 5% in the last 24 hours, trading at $0.00002213. However, SHIB has lost 16% over the past month, dropping from the $0.00003 range. Historical data indicates a 90% profitability rate for SHIB in May over the last three years, suggesting potential gains for investors in May 2024.
PEPE, Dogwifhat (WIF), and BONK were notable meme coins leading the bull market frenzy earlier this year. Despite recent dips, they still hold substantial gains from the first quarter. For instance, WIF saw a quarter-to-date gain of 2,721%, while PEPE is up 660% in the last 90 days, trading at $0.000006984. Solana meme coin BONK retains a 117% gain in its 90-day trajectory, valued at $0.00002299.
The other half of SharkyCoins' recommendation comprises Solana-based meme coins with million-dollar market caps, including MEW, MYRO, WEN, MANEKI, and DUKO. These assets are expected to leverage the positive sentiment surrounding #Solana meme coins during the bullish market trend.
Remember, investing in cryptocurrencies is highly speculative and involves a significant risk of loss. You should never invest more than you can afford to lose also do your own research.
Source - thecryptobasic.com