Memecoins
Memecoin to triple profits by the end of May!
After showing a significant correction in the cross-border financial system, the cryptocurrency market successfully regained momentum over the past week by adding $180 billion to its valuation. Furthermore, BTC price regained the $67,000 mark, indicating positive sentiment in the cryptocurrency sector.
Furthermore, the enthusiasm for memecoins has seen a new influx of investors looking to maximize their profits during the upcoming bull run. Are you planning to invest in memecoins this May? Or are you confused about which one has greater potential for a bullish rally?
Dive in because, in this article, we have covered the top four memecoins that have high potential to witness exponential growth by the end of the month.
ERC20 (ERC20):
Based on the Ethereum contract, ERC20 made its first appearance in the cryptocurrency market in 2017. This project has many key features such as faster transactions, harvesting and other advantages of ERC tokens on blockchain and decentralized markets.
With the intention of solving future problems, the ERC20 project has an integrated smart contract and has the ability to process more reliable and confidential transactions without the participation of centralized or decentralized third parties during the entire process.
At the time of writing, the trading price of the ERC20 token was $0.169, with a 24-hour gain of 67.31% and a trading volume of $32,966 (+133.54%). Furthermore, the price of ERC 20 has increased by 665.59% in the last day and has a year-to-date return of 1,870.55%, making it one of the top picks for this list.
GameStop (GME):
Launched in early 2024 on the Solana chain during the memecoin rally, the GameStop token showed mixed sentiment for a short time. However, following Roaring Kitty’s re-emergence on platform “X” via meme posting over the past week, GameStop shares have seen a huge surge.
With a trading price of $0.005929 and a market capitalization of $40.497 million, the GME token has secured the 672nd position on the global cryptocurrency market list by market capitalization. Despite seeing a correction of 28.45% in the last day, GME price is up 1,035.63% in the last seven days.
MAGAVP (MVP):
Mainly based on the Ethereum contract, the MAGA VP has subsequently expanded to the Solana, Base and BNB smart chain. The sole purpose of this project is to support Donald Trump, who is campaigning in the US presidential elections this year.
The MAGA VP token (MVP) has a trading price of $0.6084 and a market capitalization of $25.260 million. With a circulating supply of 47.50 million MVP tokens, it has strong potential to record huge gains during the campaign process, thus offering its investors a window to earn significant profits.
Ponke (PONKE):
Built on the Solana blockchain, the Ponke token is known for its relatively low fees and high-speed transactions. Furthermore, this project has integrated into major cryptocurrency exchanges, experiencing wider accessibility to the cross-border public.
On the positive side, this memecoin has gained around 45% in the last day and 100.66% in the last seven days. Furthermore, with a circulating supply of 555,548,158 PONKE tokens, PONKE price has increased by 334.68% this year, highlighting positive price action for this memecoin in the coming period.
Conclusion:
Price volatility in the cryptocurrency market has been steadily increasing, and the price of Bitcoin has successfully regained momentum over the past week. Furthermore, memecoins have recorded a similar trend recording a bullish reversal in their respective charts, highlighting a positive outlook for the near future.
Investing in memecoin is highly risky as it is highly volatile in nature and is known to experience massive price action (pump or dump) in a short span of time. Make sure you do your research (DYOR) before investing in any digital asset.
Note: This article is in no way subject to financial advice or trading advice. Furthermore, the tokens selected for this article were chosen completely based on their historical price and market opinions and are not promotional.