The world of cryptocurrency is always brimming with new coins, waiting for investors to interact with them to the fullest. The current onset of the market is favoring a new wave of crypto coins, particularly the new meme tokens that have already distributed robust returns to their investors.
Here are the top three cryptocurrency gems for newcomers that are easy to trade in May to extract lucrative returns.
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Top 3 Coins for Newcomers: A Perfect Bargain for May
#1- BONK
BONK is one of the most promising coins in the cryptocurrency market. The token was launched as a dog-inspired token on Solana and gained incredible momentum soon after its launch in the mainstream market. BONK describes itself as a people’s coin, helping people avail themselves of a fair shot in the domain of crypto.
Per CoinCodex, the month of May may prove significant for BONK as the token may note a stellar price hike of nearly 200% to trade at $0.00008230.
“According to our current Bonk price prediction, the price of Bonk may rise by 228.38% and reach $0.00008230 by June 9, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 66 (greed). Bonk recorded 16/30 (53%) green days with 20.17% price volatility over the last 30 days.”
#2: Pepe
Pepe is the latest obsession in the cryptocurrency market. The token is a Web3 iteration of the popular Pepe the Frog meme on the internet. Launched in January, the token gained massive momentum in 2022, with its market cap metrics breaching 1.5 billion. Per CMC, Pepe is a deflationary meme coin launched on Ethereum and aims to shape its ecosystem like its contemporaries in the space, notably Dogecoin and Shiba Inu.
Pepe has surged nearly 340% in a year to trade at $0.000008596 at press time. The token may spike by 200% by the end of May, making it an appealing crypto coin to hold and purchase for a long time.
“According to our current Pepe Coin price prediction, the price of Pepe Coin may rise by 227.64% and reach $0.00002838 by June 9, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 66 (greed). Pepe Coin recorded 19/30 (63%) green days with 16.91% price volatility over the last 30 days.”
#3: DogWifHat
DogWifHat is another promising meme token attempting to gain a central spotlight in the space. The token was launched in November 2023 and, since then, has ascended to new popularity and price levels. The token has surged nearly 1760% in the past six to eight months and is poised to scale higher due to its groundbreaking popularity within the crypto circuit.
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Per CoinCodex, DogWifHat may rise to $10 in May, making it one of the most promising coins to hold near one’s heart. The token may spike by 200% by the end of May to disseminate stellar returns to its holders.
The price of Dogwifhat is predicted may rise by 224.78% and reach $10.16 by June 9, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 66 (greed). Dogwifhat recorded 15/30 (50%) green days with 10.64% price volatility over the last 30 days.”