With Dogecoin experiencing a notable increase in the month of April and other meme coins like SHIB also ruling the market with their creations, it would be very interesting to know what the future holds for these memcoins.
Bitcoin Halving 2024, has had a great impact on the crypto market as a whole. Memecoins have always had a special place amongst all this and now it’s time to explore the 6 best meme coins to watch in upcoming May.
Let’s have a look!
| Coin’s Name | Price Prediction for May |
| Dogecoin ( DOGE ) | $0.25 |
| Shiba Inu (SHIB) | $0.000085 |
| Pepe Meme Coins | $0.000045 |
| Dogwifhat (WIF) | $5.60 |
| Book Of Meme (BOME) | $0.03 |
| Slerf (SLERF) | $0.73 |
1. Dogecoin ( DOGE )
DOGE has been one of the top meme coins till now, replacing its “macro downtrend” with its new “macro uptrend”. The price surpassed $0.22 for the first time since November 2021. Currently, Dogecoin hovers at the $0.20 mark but analysts believe the game is not over yet!
Elon Musk, the CEO of Tesla, has a preference for the cryptocurrency DOGE. His endorsements have historically caused asset prices to soar, and he recently suggested that he would use the token as payment “at some point.”
Price Prediction for May – $0.25
2. Shiba Inu (SHIB)
The next big meme coin by market cap is SHIB who had a very successful April. The price has rallied upwards immensely with the development of the layer- 2 blockchain solution Shibarium acting as a cherry on the top!
The team destroyed over 15.5 billion throughout March along with witnessing the positive effects of Bitcoin Halving with Shibarium recording a 160% increase in a single day!
Price Prediction for May – $0.000085
3. Pepe Meme Coins
One of the best meme coins, Pepe has recently witnessed a 31.5% increase giving the investors a hope of it bouncing back. The live price of Pepe is $ 0.000007 per (PEPE / USD) with a decrease of -7.11% in the last 24 hours. Hence, what future holds for Pepe is something to keep a note of!
Price Prediction for May – $0.000045
4. Dogwifhat (WIF)
Built on the Solana Blovckchain, WIF came into limelight towards the end of 2023 with price exploding by 3000% since the beginning of 2024. Last week, it surpassed PEPE to become the third – largest and ofcourse, one of the best meme coins with an all time hit of $4.80.
Price Prediction for May – $5.60
5. Book Of Meme (BOME)
Another Solana based memecoin, BOME was launched in mid-March when its market cap spiked to $1.5 billion before coming to its initial price of $0.01014. It caught eye of some of the exchanges, like Binance which listed the following trading pairs-
- BOME/BTC
- BOME/USDT
- BOME/FDUSD
- BOME/TRY
Price Prediction for May – $0.03
6. Slerf (SLERF)
SLER’s price peaked in March but has been facing a downfall trend since then. The Sloth-themed memecoin was also found to be indulged in suspicious activity with the developer accidentally burning $10million worth funds raised from investors during the presale.
Price Prediction for May : $0.73
And this was the end of the expected list of top meme coins to keep an eye on during May,2024. Even though investing in them can bring you substantial profits, do keep in mind that crypto market is very uncertain and along with profits, can even bring you devastating losses. So, before you make any investment, make sure to do a well research of the pros and cons and then take a decision accordingly.
For more in-depth analysis like this, do keep a track of all the latest news and happenings in the crypto world with ReadingCrypto, your go-to option for getting insights into the massive world of cryptocurrency!
Happy Learning!
Disclaimer: This post is intended solely for informational purposes and should not be taken as legal, tax, investment, financial, or any other form of advice. Although all the information provided is true to the best of our knowledge, it is advisable to research well before making any kind of investments or decisions in general. The team of ReadingCrypto bears no responsibility in the event of any adverse outcomes.
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