The cryptocurrency market has taken a beating in the past 24 hours, with the global market capitalization falling 2.2% to $2.41 trillion. Bitcoin (BTC) is down 2.1% and is trading at just over $62,000.
Memecoins are among the best-performing crypto asset 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 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 almost 50% growth.
Furthermore, CoinCodex expects the cryptocurrency to reach a high of $0.00006359 this month. Reaching $0.00006359 from current levels would translate to growth of around 175%.
Also read: Top 3 RWA cryptocurrencies to watch in May
Changelly also expect Shiba Inu (SHIB) to gather in mid-May. The platform predicts that the dog-themed cryptocurrency will reach $0.00003281 on May 15, 2024. Furthermore, Changelly also expects the cryptocurrency to break the $0.00006 level and reach $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 best performing cryptocurrencies over the past week, up 19.2% in seven days. However, assets are down 4.6% in 24 hours and 2.1% on the 14-day charts. Pepe was also one of the best performing crypto assets in 2023.
CoinCodex predicts that Pepe will recover in the coming weeks. The platform expects Pepe to reach $0.00001191 on May 15, 2024. Reaching $0.00001191 from current levels would translate to growth of approximately 52.17%.
Moreover, CoinCodex predicts that Pepe will reach $0.00002193 on May 30, 2024.
Bonk (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, down 4.2% in 24 hours and 10.7% on the 14-day charts.
However, CoinCodex expects BONK to break out into a rally soon. The platform expects BONK to reach $0.00003553 on May 15, 2024. Moreover, the platform predicts that BONK will reach $0.00006524 on May 30, 2024.
