In recent months, meme coin ‘s have gained considerable attention and popularity among crypto investors and enthusiasts.
Just like Dogecoin (DOGE) and Shiba Inu (SHIB) once upon a time, there are a few new cryptocurrencies that are built on humor and fun and often have little or no real use or utility. Despite this, they offer investors the opportunity for quick profits and have caused an increase in demand, leading to a jump in their market value.
Top three cryptocurrencies trending on May 15, according to data from CoinMarketCap Pepe (PEPE), Doge CEO (DOGECEO), and Homer (SIMPSON).
PEPE Price Analysis
Although its price has dropped significantly in recent days, PEPE is taking the crypto community by storm. Inspired by Pepe the Frog, this meme coin skyrocketed by 5,000,000% a few weeks ago. On May 5, the day it was listed on Binance, PEPE hit an all-time high of $0.00000431.
But since then, the cryptocurrency has lost a significant percentage of its value, possibly due to an investor sale aimed at profit. PEPE is trading at $0.000001666, down 6.7% in the last 24 hours and 27% since last week.
Still, thanks to its meteoric rise, it remains the third largest meme coin in the world with a market cap of $652.6 million.
DOGECEO Price Analysis
Recently, what many refer to as a “Dogecoin clone” or a “Dogecoin copycat” DOGECEOhas seen an extraordinary price increase in recent days. Built on the BNB smart chain, DOGECEO has also caught the attention of many investors looking for the next big hit among meme-inspired cryptocurrencies.
At the time of this writing, DOGECEO is trading at $0.00000000013, up 94% on the day. Over the past week, the cryptocurrency has risen by almost 390%.
SIMPSON Price Analysis
Finally, number three on this list is Homer (SIMPSON), the meme coin that has recorded the highest price increase in the past few days.
First “DOH coinThis cryptocurrency, described as ”, is inspired by the legendary Simpsons character Homer Simpson. Like most meme coins, the developers of SIMPSON said that the coin does not have a roadmap or a specific use case. However, that hasn’t stopped its price from soaring since its launch.
In the past 7 days, the “DOH coin” has seen a mouthwatering 10387.01% price increase. During the day, SIMPSON is down about 44%, trading at $0.000000000024 at the time of writing.