The cryptocurrency market has taken a beating in the last 24 hours, with the global market cap falling 2.2% to $2.41 trillion. Bitcoin (BTC) has fallen 2.1% and is trading at just over $62,000.
Memecoins are among the best-performing category of crypto assets, not only in 2023 but also in 2024. Let’s look at the three best memecoins to watch in mid-May 2024.
Shiba Inu (SHIB) is one of the most popular crypto assets in the market. According to some analysts, SHIB may witness 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 translate to a growth of nearly 50%.
Furthermore, CoinCodex anticipates the cryptocurrency to hit a high of $0.00006359 this month. Reaching $0.00006359 from current levels would translate to a growth of about 175%.
Changelly also anticipates Shiba Inu (SHIB) to rally in mid-May. The platform predicts the dog-themed crypto to hit $0.00003281 on May 15, 2024. Moreover, Changelly also expects the cryptocurrency to breach the $0.00006 level, reaching $0.00006696 on May 28, 2024. Hitting $0.00006696 from current levels would translate to a growth of over 190%.
Pepe is among the best-performing cryptocurrencies over the previous week, rallying 19.2% in seven days. However, the asset has fallen 4.6% in 24 hours and 2.1% in the 14-day charts. Pepe was also one of the best-performing crypto assets in 2023.
CoinCodex predicts Pepe to rally over the next few weeks. The platform anticipates Pepe to hit $0.00001191 on ay 15, 2024. Reaching $0.00001191 from current levels would translate to a growth of about 52.17%.
Furthermore, CoinCodex predicts Pepe to hit $0.00002193 on May 30, 2024.
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 by almost 4778% since May 2023. However, the asset has faced a significant correction in the last few weeks, dipping 4.2% in 24 hours and 10.7% in the 14-day charts.
However, CoinCodex anticipates BONK to break into a rally soon. The platform anticipates BONK to hit $0.00003553 on May 15, 2024. Furthermore, the platform predicts BONK to hit $0.00006524 on May 30, 2024.
Disclaimer: Our articles are NOT financial advice, we are not financial advisors. All investments are your own decisions. Please conduct your own research and seek advice from a licensed financial advisor.