Memecoins For 3x Profits By the End of May!

The post Memecoins For 3x Profits By the End of May! appeared first on Coinpedia Fintech News

After displaying a significant correction in the cross-border financial system, the cryptocurrency market has successfully regained momentum over the past week by adding $180 Billion to its valuation. Furthermore, the BTC price has reclaimed the $67K mark, indicating a positive sentiment in the crypto space.

Moreover, the hype for memecoins has experienced a fresh inflow of investors with an intent to maximize their profits during the upcoming bull run. Are you planning on investing in memecoins this May? Or confused about which one has a higher potential for a bullish surge?

Dive in as, in this article, we have covered the top four memecoins that have a high potential to record exponential growth by the month-end.

ERC20 (ERC20):

Built on the Ethereum contract, the ERC20 made its first appearance in the crypto market during the year 2017. This project has many key features such as faster transactions, collecting, and other advantages of ERC tokens on decentralized blockchains and markets.

Intending to resolve the problems faced in the future, the ERC20 project has a built-in smart contract and has the capacity to process more reliable and confidential transactions without the participation of any centralized or decentralized third party during the whole 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%). Moreover, the ERC 20 price has added 665.59% within the past day and has a YTD return of 1,870.55%, making it a top pick for this list.

GameStop (GME):

Launched in early 2024 on the Solana chain during the memecoin rally, the GameStop token displayed a mixed sentiment for a brief period. However, following the resurfacing of Roaring Kitty on the “X” platform by posting a meme during the past week, GameStop stock experienced a massive surge.

With a trading price of $0.005929 and a market cap of $40.497 Million, the GME token has secured the 672nd position on the global crypto market list by market cap. Despite recording a correction of 28.45% within the past day, the GME price has added 1,035.63% within the past seven days.

MAGA VP (MVP):

Primarily built on the Ethereum contract, the MAGA VP later expanded to Solana, Base, and BNB smart chain. The sole intention of this project is to support Donald Trump, who is campaigning for the U.S. Presidential elections this year.

The MAGA VP (MVP) token 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 a strong potential to record massive gains during the campaigning process, thus giving its investors a window to book significant profits.

Ponke (PONKE):

Built on the Solana blockchain, the Ponke token is known for its relatively low fees and high-speed transactions. Moreover, this project has integrated itself into major crypto exchanges resulting in it experiencing a wider accessibility to the cross-border audience.

Positively, this memecoin has added approximately 45% within the past day and 100.66% over the past seven days. Moreover, with a circulating supply of 555,548,158 PONKE tokens, the PONKE price has surged 334.68% this year, highlighting a positive price action for this memecoin during the coming time.

Conclusion:

The price volatility within the crypto market is on a constant rise with the price of Bitcoin successfully regaining momentum over the past week. Moreover, memecoins have recorded a similar trend by recording a bullish reversal in their respective chart, highlighting a positive outlook in the coming time.

Investing in memecoins is highly risky as it is highly volatile in nature and is known to record massive price actions (pumps or dumps) within a short time frame. Make sure to do your own research (DYOR) before investing in any digital asset.

Note: This article is not subjected to financial advice or a trading tip in any manner. Moreover, the tokens selected for this article were chosen completely based on their historic price and market sentiments and are not promotional.