The cryptocurrency market is facing an intense dilemma, wondering whether or not to inject more funds into the market. The dilemma was triggered by the latest Bitcoin crash, causing unease among investors.
However, according to a notable financial analyst EljaBitcoin is mimicking its historical bull market patterns of 2020. The current price decline is a response to external market pressure, which will eventually help Bitcoin accelerate its pace.
With Bitcoin’s current price decline, investors have the opportunity to explore lucrative coin drops that could generate quick profits in a short period of time. Here is our latest selection to help you expand your coin profit horizons.
Also Read: Cryptocurrency: 3 Coin Drops to Mine for 50x Returns
Top 3 Meme Tokens for Quick Profits
#1: Shiba Inu
Shiba Inu is dubbed an OG meme crypto token for many reasons. The token is backed by a strong community of loyalists and creators who continually work towards expanding its ecosystem.
SHIB is historically known for giving birth to millionaires and spreading profits over a fixed period of time. Additionally, the token is expected to surge 200% in May, adding more flavor to its ever-expanding user base.
According to CoinCodex, Shiba Inu could rise up to 200% in May 2024.
According to our current Shiba Inu price prediction, the Shiba Inu price is expected to increase by 226.71% and reach $0.00007193 by June 1, 2024. According to our technical indicators, the current sentiment is bearish, while l The fear and greed index shows 43. (fear). Shiba Inu recorded 14/30 (47%) green days with a price volatility of 8.69% over the last 30 days.
The token could also surpass the $0.000104 price mark by the end of 2024, making it a suitable coin choice to hold and interact with.
“Shiba Inu is expected to trade in a range between $0.00002202 and $0.000104. If it hits the upper price target, SHIB could rise by 367.74% and reach $0.000104.
#2: Dogecoin
Dogecoin is another prolific crypto meme token to hold, mainly due to its growing popularity and user base. The token is endorsed and explored by Tesla CEO Elon Musk, who has previously given interviews praising Dogecoin as a lucrative investment tool.
According to CoinCodex, Doge is also expected to see a 300% increase by the end of 2024, doubling the chances of distributing decent profits to its investors and holders.
“Dogecoin is expected to trade in a range of $0.107249 and $0.533978. If it hits the upper price target, DOGE could rise by 312.72% and reach $0.533978.
Also Read: Cryptocurrency: 3 Coins to Buy Under $10 for Stellar Returns in May
#3: GOOD
Also Read: Ethereum ETFs to Outperform Bitcoin ETFs in Hong Kong, Expert Predicts
The Solana-inspired Dog BONK meme token shook the crypto world by showing its stellar league of price gains. The token is currently up 8% in the last 24 hours, beating last week’s dumping blues to trade in the green.
According to CoinCodex, BONK could surge 200% in May and rebound to trade at $0.000109 by the end of 2024. BONK’s constant price action makes it an attractive token to hold and explore for quick profits.
“Bonk is expected to trade in a range between $0.00002293 and $0.000109. If it hits the upper price target, BONK could rise by 370.80% and reach $0.000109.
reference: watcher.guru