Memecoins
Top 3 Memecoins to Watch in Mid-May 2024
The cryptocurrency market has taken a hit over the past 24 hours, with the global market capitalization falling 2.2% to $2.41 trillion. Bitcoin (BTC) fell 2.1% and is trading at just over $62,000.
Memecoins are among the best-performing cryptocurrency categories, not only in 2023 but also in 2024. Let’s take a look at the three best memecoins to watch in mid-May 2024.
Top 3 meme cryptocurrencies to watch in mid-May 2024
Shiba Inu (SHIB):
Shiba Inu (SHIB) is one of the most popular crypto assets on the market. According to some analysts, SHIB could see a surge later this month. According to CoinCodex, SHIB’s price could rise to $0.00003456 on May 15, 2024. Reaching $0.00003456 from current levels would result in growth of nearly 50%.
Furthermore, CoinCodex predicts that the cryptocurrency will reach a high of $0.00006359 this month. Reaching $0.00006359 from current levels would result in growth of around 175%.
Read also: Top 3 RWA Cryptocurrencies to Watch in May
Changingly a Shiba Inu (SHIB) rally is also expected in mid-May. The platform predicts that the dog-themed cryptocurrency will reach $0.00003281 on May 15, 2024. Furthermore, Changelly also predicts that the cryptocurrency will break above the $0.00006 level, reaching $0.00006696 on May 28, 2024. Reaching $0, 00006696 from current levels would translate to growth of over 190%.
Pepper (PEPE):
Pepe is among the cryptocurrencies that recorded the best performances of the previous week, with an increase of 19.2% in seven days. However, the asset fell 4.6% in 24 hours and 2.1% on 14-day charts. Pepe was also one of the best performing crypto assets in 2023.
CoinCodex expects Pepe to strengthen in the coming weeks. The platform expects Pepe to reach $0.00001191 on May 15, 2024. Reaching $0.00001191 from current levels would result in growth of around 52.17%.
Furthermore, CoinCodex predicts that Pepe will reach $0.00002193 on May 30, 2024.
Bon (BONK):
BONK was also among the best-performing cryptocurrencies of 2023. The Solana-based memecoin has seen incredible growth in its short history. BONK is up almost 4778% since May 2023. However, the asset has undergone a significant correction in recent weeks, falling 4.2% in 24 hours and 10.7% on 14-day charts.
However, CoinCodex predicts that BONK will start a rally soon. The platform expects BONK to reach $0.00003553 on May 15, 2024. Furthermore, the platform expects BONK to reach $0.00006524 on May 30, 2024.
