It marks a turning point in the crypto market as Bitcoin awaits to start a new move with a price of $67,000. With the halving in Bitcoin, meme coin A boom in the market is expected and this could herald a new bull season for the tokens. Here are three assets that stand out in May 2024, according to analysts using various data.
DogWifHat (WIF) attracted attention with a striking development from Bloomberg highlighting WIF’s influence on the hedge fund market. The report is almost like a summary of the growing meme token craze that has affected the market recently and left important altcoins behind.
As we reported as Koinfinans.com, WIF recently surpassed Polygon and took the lead in 24-hour internal volume measurements. The token is riding a wave of maximizing its flexibility by focusing on expanding its user base.
According to CoinCodex, Dogwifhat is likely to rise 200% in May 2024 and provide excellent returns to its holders.
“Dogwifhat price may increase by 224.01% to $9.92 by May 25, 2024. According to technical indicators, there is a bearish trend in current sentiment, while the Fear and Greed Index is at 72 (greed). Dogwifhat recorded a 15/30 (50%) green day with 17.07% price volatility over the last 30 days.”
Notable Meme Coin: PEPE
A famous frog-inspired meme immortalized by blockchain enthusiasts has become one of the most promising crypto meme coins on the market, attracting attention with constant price increases. According to CoinGecko, PEPE It is currently trading at $0.00000726 and the predictions are for more price tops and uptrends.
According to CoinCodex, Pepe could trade at $0.0002 in May, marking a 233% increase. For users looking forward to exploring meme assets as tools to increase profitability over a period of time, Pepe can be a profitable investment.
“The price of Pepe Coin may increase by 233.94% and reach $0.00002442 on May 25, 2024. According to technical indicators, current sentiment is increasing while the Fear and Greed Index is at 72 (greed). Pepe Coin recorded 17/30 (57%) green days with 16.11% price volatility in the last 30 days.”
Shiba Inu
One of the pioneering meme coins Shiba Inu, is heading towards new price peaks as community sentiment grows further. The token is now preparing to offer new dynamics by expanding its base. SHIB offers more opportunities to its users with new elements in Shibarium such as Shiba Hub and Shiba Eternity P2E.
According to CoinCodex, Shiba Inu could trade at $0.00008284, an increase of 229% by the end of May 2024. SHIB could be a good option to make a profitable addition to investors’ portfolios in May.
“The price of Shiba Inu may increase by 229.47% and reach $0.00008284 on May 25, 2024. According to technical indicators, current sentiment is neutral, with the Fear and Greed Index at 72 (greed). Shiba Inu has recorded 15/30 (50%) green days with a price volatility of 10.62% in the last 30 days.”
