The cryptocurrency market is facing a severe dilemma, as it contemplates whether or not to pump more money into the market. This dilemma arose due to the recent collapse of Bitcoin, which led to widespread anxiety among investors.
However, according to prominent financial analyst Elja, Bitcoin is mimicking the historical bull market patterns of 2020. The current price decline is a response to external market pressures, which will eventually help Bitcoin increase its pace.
With the current decline in Bitcoin prices, investors have an opportunity to explore some profitable dips in the currency that could lead to quick profits within a short period. Here are our latest picks to help expand your coin earning horizons.
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Top 3 meme codes to make quick profits
No. 1: Shiba Inu
The Shiba Inu has been called the OG encrypted meme icon for many reasons. The token is supported by a strong community of loyalists and creators who are constantly working to expand its ecosystem.
SHIB has historically been known to generate millionaires and distribute profits over a set period of time. Moreover, the token is expected to surge by 200% in May, adding more flavor to the ever-expanding user base.
According to CoinCodex, the value of the Shiba Inu could rise by up to 200% in May 2024.
According to our current Shiba Inu price forecast, the Shiba Inu price is expected to rise by 226.71% and reach $0.00007193 USD by June 1, 2024. According to our technical indicators, the current sentiment is Bearish, while the Fear and Greed Index is showing 43 (Fear). The Shiba Inu recorded 14/30 (47%) green days with price volatility of 8.69% over the past 30 days.
The token may also cross the $0.000104 price mark by the end of 2024, making it a suitable choice of coin to hold and interact with.
“The Shiba Inu is expected to trade within a range of $0.00002202 and $0.000104. If it reaches the higher target price, SHIB could rise 367.74% and reach $0.000104.
#2: Dogecoin
Dogecoin is another popular cryptocurrency token, mainly due to its growing popularity and user base. The token has been endorsed and explored by Tesla CEO Elon Musk, who previously gave interviews in which he praised Dogecoin as a profitable investment tool.
According to CoinCodex, Doge is also expected to see a 300% increase by the end of 2024, doubling the chance of a healthy dividend for investors and holders.
“Dogecoin is expected to trade in a range of $0.107249 and $0.533978. If it reaches the higher target price, DOGE could increase by 312.72% and reach $0.533978.”
Read also: Cryptocurrency: 3 coins that can be bought for less than $10 to get excellent returns in May
No. 3: Bonk
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The Solana BONK-inspired dog meme token shook the cryptocurrency world by showing a premier league of price surges. The token is currently up 8% over the past 24 hours, beating last week’s dumping to trade in the green.
According to CoinCodex, BONK may rise 200% in May and may rebound to trade at $0.000109 by the end of 2024. BONK’s steady price trajectory makes it an attractive token to hold and explore for quick profits.
“BONK is expected to trade within a range of $0.00002293 and $0.000109. If it reaches the higher target price, BONK could rise 370.80% and reach $0.000109.”