Memecoins For 10x Profits By the End of April!
The post Memecoins For 10x Profits By the End of April! appeared first on Coinpedia Fintech News
The memecoins category has displayed a significant correction since the month’s start, indicating increased selling pressure for this category in the cryptocurrency industry. Furthermore, top memecoins continue to record a downward trend, highlighting a rise in the disinterest of investors in it.
However, with the upcoming Bitcoin Halving, the crypto market is predicted to experience a massive rise in price volatility that may result in the industry witnessing a strong bullish trend reversal in the coming time. This situation brings a great opportunity for the investors to maximize their profits.
Meme Ai (MEMEAI):Launched on the Ethereum contract, the MEMEAI price gained massive attention from the crypto market following its launch. The viral memecoin recorded a surge of approximately 5,372.6% in valuation, following which the market lost momentum and recorded significant correction in its portfolio.
TradingView: MEMEAI/USDT
Since then, the Meme Ai price has been constantly trading in a consolidated range between $0.004050 and $0.0125, indicating weak buying and selling pressure for the memecoin in the cryptocurrency market. Despite a significant drop in its valuation, the token has a return of approximately 150%, highlighting a positive outlook during the upcoming months.
Shiba Inu (SHIB):The second biggest memecoin by market capitalization, Shiba Inu price had displayed a neutral trend for the first two months. Following this, the hype for the memecoins skyrocketed, resulting in the price of SHIB recording a surge of approximately 400% within nine days.
TradingView: SHIB/USDT
However, the market lost momentum after recording a yearly high of $0.00004567 on 05th March. Since then, the price has constantly displayed a bearish trend and has recorded a correction of 51.102% in valuation. Positively, Shiba Inu has one of the strongest communities, making it a potential pick from the long-term perspective.
Cheems (CHEEMS):The CHEEMS was one of the first memecoins launched on the Solana blockchain network. It is a community-driven cryptocurrency and is widely used for charitative-based work. Furthermore, the protocol plans to launch Cheems DAO, CheemsCard Games, and Cheems God’s NFT.
Despite the memecoin recording a correction of 45% within the past seven days, it has recorded a surge of 572.48% over the past 30 days and its YTD stands at 418.89% in valuation. Moreover, it has a trading price of $0.0277 and a market cap of $7.07 Million, making it a potential pick for this list.
Ferro (FER):The Ferro protocol is a stable swap Automated Market Mover (AMM) protocol built on the Cronos blockchain and allows its users to with minimum transaction fees. Further, its users can exchange one crypto token with another with low slippage as long as the tokens are available in the same pool within any protocol.
This altcoin has a return of over 83% within the past seven days and a Year-to-Date return of 77.30% in valuation. Moreover, it has a circulating supply of 932.5 Million FER tokens and a market capitalization of $16.21 Million, making it a potential pick for this list.
Bridge Oracle (BRG):The Bridge Oracle (BRG) can be traded on Centralized and Decentralized exchanges. It is built on the BNB Chain-based public oracle which enables everyone from an individual to an organization to run their real-world data which is highly secured and trustworthy. PancakeSwap (V2) is the most preferred exchange to buy its native token BRG.
Positively BRG token has a relatively low trading price of $0.00186 and a return on investment of over 215% since the year’s start, highlighting a strong bullish outlook for its price action during the upcoming time.