Investors noticed the gains in May compared to the significant drops in April. During this period, meme coins once again stood out as the most profitable option. After the rise throughout the week, the price of Pepe Coin reached $0.00001535, marking a 105% increase. Additionally, Gamestop experienced a 650% increase, becoming one of the triggers of the process. So, which meme coins should investors pay attention to as we enter June?
Dogecoin (DOGE) Comments
At the top of the list is Dogecoin, which sits at the pinnacle of the meme coin world. DOGE went through a period in May where it experienced a 10% increase. However, despite the market recovery, this rise in DOGE fell well below expectations. At the time of writing, Dogecoin is trading at $0.1683 after a 5% increase.
Considering the existing market recovery and greedy sentiments, Dogecoin might host larger price movements in June and could experience a rally similar to that of March 2024. During the mentioned period, Dogecoin’s price rose to $0.2201, which was 1.5 times higher than its current price. Despite DOGE’s stagnant price appearance, it is important to note that it ranks 8th on CoinmarketCap.
Will Book of Meme (BOME) Rise?
Book of Meme caught attention as one of the most talked-about cryptocurrencies following the massive meme coin craze last March. Although there were uncertainties in the price in the early days of May, the subsequent stability seemed to give hope to its investors. Over the past 24 hours, BOME experienced an increase of over 10%, bringing the price to $0.01357.
It is important to remember that BOME’s price rose to $0.02805 in its early days, although this did not last long. After reaching its all-time high, BOME began to consolidate without making new upward movements.
Considering the progress meme coins have made in approximately two years, and especially the performance in March, BOME might be worth considering among the meme coins.
SLERF Coin Latest Status
SLERF’s price declines since its market debut have not gone unnoticed. Emerging during the Solana-based meme coin craze, SLERF experienced a significant rise just minutes after its market entry, reaching $1.37, a value far from its current price.
Today, it continues to trade at approximately 78% lower than the mentioned price level.
At the time of writing, SLERF is trading at $0.3053 after a 9% increase. Considering the recent prominence of SOL and Solana-based meme coins in price rises linked to BTC movements, SLERF might be among the cryptocurrencies to consider before the start of the next month.
