With the prices of meme coins plummeting, many investors are wondering whether to buy or dump their tokens. Finding valuable gems during these difficult times is hard for most traders. Irrespective of the market downturn, there are still top meme coins to invest which guarantee massive returns. Some of the best meme coins to buy are KangaMoon, Pepe, Shiba Inu, Bonk, and Dogwifhat. These meme coins are projected for a bullish rally soon.
KangaMoon (KANG) Bullish Rally Continues as More Than 20,000 Members Join the Train
With the meme coin market gaining traction, KangaMoon is developing a revolutionary platform that will change the meme market. While other popular meme coins rely on hype, KangaMoon has real utility. The native token, KANG, is used to reward players in the ecosystem.
Outside of that, users can earn the KANG token when they participate in KangaMoon community activities like sharing, tweeting, or commenting on posts that promote the project on social media. The platform recently partnered with the telegram bot, RaidSharksbot to boost engagement. The platform has mapped out a $1000 monthly reward for users who join the thrilling raid.
The KangaMoon was built on the Ethereum blockchain with a total supply of 1B. According to tokenomics, 60% of the token is available for presale, 10% for rewards and earning, 15% for in-game rewards, 5% for employees, 5% for marketing, and 5% for buybacks. The KANG token is in stage 5 of the presale and sold for just $0.0196. There is a 10% bonus for new buyers.
Meanwhile, KangaMoon will integrate the social-fi model and P2E NFT games to develop a community for meme enthusiasts. In addition to playing games and earning rewards, users can speculate on match outcomes and earn rewards. Analysts tip KANG to surge by 100x on listing on CEX exchanges in the coming weeks, making it one of the top meme coins to buy now.
Can Pepe (PEPE) Hit $1 Before the End of May?
Pepe (PEPE) is one of the best meme coins around. It was launched in 2023 and runs on the Ethereum blockchain. Pepe can be found on several popular blockchains, like PancakeSwap and Uniswap. One of Pepe's key principles is its deflationary mechanism, through which some Pepe tokens are burned to increase their value.
Also, Pepe boasts of a redistribution system for token holders to help create more rewards. Luckily for Pepe token holders, all transactions on the platform don't incur extra costs. Regarding market performance, data from CoinMarketCap show that Pepe's price plummeted by 8% in the past month. However, there has been a slight resurgence in the past week which led to a 7% increase in the weekly price chart.
Meanwhile, Pepe has struggled to break through the $0.000080 key resistance zone, which has proven difficult. While analysts are predicting a retest, the declining Pepe trading volume and market cap could push the price further down. However, Pepe's 1650% gains in the past year make it one of the top meme coins to invest in.
Shiba Inu Downtrend, Is a Resurgence Possible?
Shiba Inu is among the most popular meme coins in the world. The Shiba Inu platform supports projects like the NFT Art incubator and decentralized exchange. There is much potential in this memecoin, and it has thousands of token holders.
The Latest Shiba Inu news has been positive. According to the latest data from Shibburn, over 40M tokens have been burned in the last week, representing over a 2,000% rise in the token burn rate. Some analysts believe these stats will stabilize the Shiba Inu token and, in turn, lead to a rally.
However, data from CoinMarketCap shows that Shiba Inu's price has dropped by 22% in the past month and 10% in the past week. Shiba is finding it difficult to break the resistance levels at $0.00002492, $0.00002555, and $0.00002591. A further look at the market stats shows that Shiba Inu's market cap is down while the trading volume is on the rise. Some experts believe that Shiba Inu is in the correction phase, and now is the best time to buy the dip.
Will Bonk (BONK) Set a New ATH Record in May?
Bonk is one of the top meme coins built on the Solana network. It can be traded on several platforms. The main feature of Bonk is its burning mechanism. With this system, a percentage of $BONK tokens is removed to create scarcity and increase their value over time. The idea is to discourage selling and promote holding, which increases value.
Bonk has been one of the best meme coins in terms of market performance in the past few weeks. While many meme coins are battling the bear trend, Bonk's price has increased by 23% in the past week. The Bonk market cap has also hit $1.6B with a daily trading volume of over $300M. Although these stats are red, investors still remain optimistic about the meme token.
Bonk has established support above the $0.000024 mark and is now targeting the resistance zone of $0.000028. A successful breakthrough will lead to a rally, which could see it set a new ATH record in May. Meanwhile, Bonk market sentiment is bullish and now is the best time to buy the meme coin. As such, Bonk is one of the meme coins to watch out for this month.
Dogwifhat (WIF) Trading Volume Increases Amidst Bybit Listing
Dogwifhat was created in 2023 and has quickly gotten the attention of meme lovers. As a Solana-based meme coin, transaction processing is fast, and fees are lower than those of others. Dogwifhat thrives on online hype and boasts a robust community.
The latest Dogwifhat news didn't generate much excitement among users. While the WIF token was listed on Bybit, the token price surged by over 1450% after listing from $2.65 to as high as $41.85. However, that lasted for only 10 minutes before returning to the wider market price of $2.64. Notably, the price surge was only limited to Bybit, as other platforms like Binance didn't experience such a surge.
However, that shows many investors are optimistic of a rally soon. As per CoinMarketCap data, Dogwifhat's price plummeted 7% in the past week and 32% in the past month. However, the Dogwifhat trading volume is experiencing a slight increase, which could trigger a resurgence and possibly a rally soon. While the tokens market sentiment is bearish, the Fear and Greed index is 67 (Greed) which means buy zone. With the listing on Bybit, Dogwifhat is projected to rise soon and could reach $5 before May ending, making it one of the best meme coins to buy now.
Final Thoughts
The meme coin space is currently experiencing a downturn as token prices continue to fluctuate. With most meme coin prices down, now is the best time to buy the dip. The above-mentioned are the best meme coins that will give high returns on investment this year.
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