The memecoin category has displayed a significant rise in its price volatility post-Bitcoin-Halving, indicating increased price action for these tokens in the cryptocurrency industry.
Moreover, top memecoins continue to record a massive uptrend in their respective portfolios, suggesting a high possibility of a memecoin mania during the upcoming months.
In this article, we have covered the top 5 memecoins that have the potential to outperform other cryptocurrencies in the coming month.
Popcat (SOL) (POPCAT):
Built on the Solana blockchain, this memecoin has caught the attention of the crypto industry by recording a massive price surge of 5,001.48% since the year started, resulting in it becoming the top gainer of the category and further indicating a strong bullish sentiment in the cryptocurrency space.
Despite recording a correction of 20.84% within the past 24 hours, this memecoin has added 182.58% within the past seven days and 21% over the past 30 days.
With a price tag of $0.401, a market cap of $392.66 Million, and a circulating supply of approximately 979.97 Million POPCAT tokens, this memecoin displays a high potential to outperform Bonk’s record 10,000% surge during the previous year.
MAGA (TRUMP):
Make America Great Again “MAGA” token launched in August 2023, gained significant attention from the crypto space after its creators transferred 1% of the token’s initial supply to Donald Trump’s wallet.
The TRUMP token has a total supply of 46.50 Million tokens and a 24-hour trading volume of $2.4M. Moreover, the MAGA price has added approximately 10% within the past seven days and 12.86% over the past 30 days.
Furthermore, its YTD stands at 1,917.17% at the time of writing, making it the second-best performer in the memecoins category. With the rising interest of investors in the memecoin category and the upcoming Presidential election, this altcoin has a high potential to record a new high.
MOG Coin (MOG):
The MOG coin is an ERC-20-based token created for the MOG ecosystem. Users can purchase or rent a service within the ecosystem with the help of the blockchain’s native token.
MOG token is primarily used for the means of transaction within the MOG community. Furthermore, it can be bridged between Bitcoin and Ethereum using the Multibit.
Despite recording a correction of 29.25% over the past 30 days, it has added 6.28% within seven days and has a YTD return of 1,154.36%, making it one of the top gainers. Further, the rising hype of memecoins could result in this altcoin recording a new high, making it a potential pick for this list.
Baby Doge Coin (BabyDoge):
Initially created as a joke with a mission to spread awareness of animal adoption, the memecoin gained massive attention from the industry. Built on the Ethereum contract, the Baby Doge Coin uses the Binance Smart Chain to provide Proof-of-Stake (PoS) authority consensus that relies on its 21 validators.
The Bady Doge Coin is an upgraded version of the Dogecoin and has improved transaction speeds. Further, about 5% of each transaction is automatically redistributed to baby doge holders.
With a trading price tag of $0.00000000195, a circulating supply of 143,788.8T BabyDoge tokens, and a market cap of $280.2 Million, this memecoin currently has a YTD return of 35.86% in valuation.
Cat in the dogs world (MEW):
The latest sensational memecoin launched of the Solana-ecosystem, the Cat in the dogs world “MEW” token has gained instant attention from the crypto industry following its launch on 26th March this year. Since its launch, the memecoin has surged 128.36% in valuation, indicating a strong bullish influence in the crypto space.
This memecoin has a trading price of $0.004691, a maximum supply of 88,888,888,888 (88.88 Billion) MEW tokens, a 24-hour trading volume of $63.786 Million, and a market cap of $416.182 Million.
>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Coinpedia – https://coinpedia.org/price-analysis/top-meme-coins-for-10x-profits-in-may/