Bittime – The meme coin has taken center stage this week, delivering impressive returns for investors. Trading volume of the top 50 meme coins surged by more than 34% in the last 24 hours, demonstrating their growing popularity and potential.
Standout Meme Coins to Watch This May
Some meme coins show high potential for significant price changes. Coins worth watching include $PEPE, $MAGA, $MOG, $BITCOIN, $PONKE, $PEPE2.0, $SPX, and $ANALOS.
Additionally, $GME (a crypto token) and $ROAR also recorded substantial moves, according to Blockchain analytics firm Santiment.
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Meme Coin Performance Analysis
The new meme coin is proving to be a gold mine for investors, offering incredible returns.
For example,
- GameStop (GME) delivered an incredible gain of 3170.79% in the last seven days.
- MAGA VP (MVP) gave profits of 143.78%
- Andy on SOL (ANDY) recorded profits of 123.79%
- MAGA (TRUMP) returned 69.89%.
- Pepe (PEPE) rose by 45.85%
- Turbo by 45.72%
- Ponke (PONKE) by 40%
This performance shows the strong appeal of meme coins for investors.
The Rise of Meme Coins: Have They Entered the Bull Run Phase?
Keith Gill Event Scan?
The sudden surge in the meme coin market gained momentum after the GameStop rally on Wall Street, which attracted significant attention in the financial markets. GME stock prices soared when Keith Gill, known as TheRoaringKitty, tweeted for the first time in three years, sparking renewed interest in GameStop.
Rising Meme Coin Trading Volume
This event led to a 34% increase in daily trading volume for the meme coin, adding $5 billion to investors' wealth. This surge brought meme coins into the spotlight, generating renewed interest and investment fever.
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Potential Money Meme Coins on Investor Watchlist
1. GameStop (GME)
After GameStop's infamous rally on Wall Street, GameStop Corp. (GME) dares to dive into the world of meme coins.
Currently, the GME crypto price is at $0.00158, up 29% in the last 24 hours. GME's market cap is $120.23 million, with a 24-hour trading volume of $183.07 million.
The circulating and total supply of GME is 6,885,214,218. The price of GME skyrocketed from its all-time low to its all-time high in just three days, reflecting an incredible surge of 3000%, indicating a strong bullish trend.
GME price had previously been in a bearish trend since February, struggling to get past the 20-day exponential moving average, but recently there was a breakout with a strong bullish candlestick and a significant spike in trading volume.
2. Pepper (PEPE)
Currently, Pepe crypto is trading at $0.00001128, reflecting a gain of 1.92% in the last 24 hours. Pepe's market cap is $4.74 billion, with a 24-hour trading volume of $4.7 billion.
The latest price spike of the PEPE coin has attracted huge attention, with gains of nearly 119.25% and 913.76% in just three months. There was a significant increase in PEPE's social metrics, indicating increased discussion about this meme coin in crypto media. Analysts are optimistic about the coin, setting higher targets.
This month, Pepe has experienced significant buying pressure, leading to a 58% price increase so far.
Since March, Pepe has faced challenges in clearing the key resistance level at $0.00000900.
Conclusion
Various final conditions are felt by the market or some analysts. Meme coin is becoming a favorite again when Bitcoin tends to stabilize or decline.
Whether this is just a temporary or ongoing upward phase, it will be something interesting to look forward to for some time to come.
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How to Buy Crypto from Bittime
You can buy and sell crypto assets in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
GameStop (GME) Market Analysis Today
Meme Coin GME Trading Volume Surpasses $131 Million on Solana!
Solana Surpasses Ethereum Main Chain Profitability
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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