Meme Coin projects are currently enjoying good volatility in the crypto space. Notably, bitcoin has registered a decline of over 3% in 24 hours.
The backlog resulted in increased transaction fees on the network, which led Binance to halt BTC withdrawals twice.
In light of this development, most of the meme coins trending in the market offer promising value outlook while attracting increasing investors.
Active investors may lean towards these meme coins to get huge holdings when the prices increase.
Although some of these projects are new, they have strong potential for growth. Jeff, Lambo, Ribbit, spongeAnd adog This week’s trending memes are projects.
Jeff (Jeff)
JEFF is a meme coin project inspired by the fate of Jeff, an average McDonald’s employee. The utility of the token has not yet been revealed but it is alive and flourishing.
JEFF is in a bullish market and anticipates more price gains following several indicators. As of May 7, 2023, the price of JEFF was 0.05966.
however, it is rose to $0.1453 Today, May 8th, represents a 3.19% price increase at the time of writing.
Price movement on the daily chart
jeff At the time of writing, it is trading above its 50-day simple moving average (SMA), which is a bullish signal in the short and long term.
Besides, JEFF is trading above its 200-day SMA, which is a strong support for the coin at $0.09811. Thus, if the bears exert pressure on the coin’s price, it is likely to fluctuate.
JEFF’s Relative Strength Index (RSI) stands at 55, indicating a neutral market condition for the coin.
Meanwhile, an upward move on the RSI lines above 70 represents a dramatic move towards overbought territory.
The moving average convergence/divergence (MACD) of the coin is above the signal line with the bold green bar on the histogram.
This confirms JEFF’s current bullish sentiment and predicts a higher price movement for the coin in the near-term.
lambo (lambo)
Lambo’s performance since the beginning of May has been remarkable. As of May 2, 2023, LAMBO was at $0.00005084; Today, May 8, it’s reached $0.00009339,
Lambo is an extraordinary crypto project that aims to bring to its investors the dream of owning a Lamborghini sports car.
In addition to 0% transaction fees, the project permanently locked its liquidity pool to ensure stability and security.
This proactive approach eliminates all possibilities of rug-pulling and boosts investor confidence.
lambo It is trading below its 50-day and 200-day simple moving averages (SMA), indicating a bearish sentiment in the short and long term.
As it is a few pips away from its 200-day SMA, the lambo is likely to move higher in the coming days.
The Relative Strength Index (RSI) of the asset stands at 45.55, which is a neutral market signal. Nevertheless, the RSI line shows the possibility of LAMBO reaching the overbought zone (above 70).
The moving average convergence/divergence (MACD) is above the signal line.
Despite its negative values, the bold green bar on the histogram indicates an increase in LAMBO price in the coming days.
RIBBIT
Rabbit There is a hopping crypto meme coin that will help users to leapfrog upwards.
It is distributed fairly and transparently and does not have any pre-mining events, Initial Coin Offerings (ICOs), or private sales.
Ribbit has a token supply of 420.69 trillion tokens, with 93.1% of its total supply sent to liquidity pools.
In addition, 6.9% is held in a multi-sig wallet for listings, pools and other community events.
Ribbit launched today, May 8th, 2023 and is currently hosting its first meme contest, First place receives 0.3 ETH. The second receives 0.15 ETH and the third receives 0.05 ETH.
there are 7.1 thousand RIBBIT token holders as investor interest grows. Despite being a meme token, Ribbit has a detailed roadmap.
Users can buy $RIBBIT tokens with ETH by using a crypto wallet and connecting to the Uniswap decentralized exchange. There is no tax on exchanging ETH for RIBBIT, making it convenient for users.
RIBBIT price moves on the daily trading chart
ribbit It has broken below its 50-day and 200-day simple moving averages (SMA) on the 15-minute. It adapts to market volatility as more traders buy and trade the token.
Its relative strength index (RSI) is at 46.50 in the neutral zone, moving sideways and showing price neutrality.
The moving average convergence divergence (MACD) of RIBBIT is just below the signal line and showing a negative value.
Although this is a bearish signal, the indicator is trending in the uptrend, which suggests a potential price increase for the asset. Expect further upside in the asset price if traders build up long positions.
sponge bob (sponge)
SpongeBob is the meme coin with explosive growth potential in 2023. It reached a market cap of $29 million just days after its launch. Furthermore, it has a trading volume of $11.57 million, which is up by over 730% in just 24 hours.
SpongeBob SPONGE has overtaken PEPE with its listing as it receives new investors daily.
The coin is live on an exchange based in Hong Kong, lbank The centralized exchange is ranked 16th in the list of exchanges globally.
Users who make deposits to trade Sponge on the LBank Exchange are eligible to participate in a $5000 bonus,
Also, SpongeBob is hosting meme contest where 50 prizes of $100 will be awarded to users who create the best SpongeBob memes.
especially, coinw And Tobit Added sponge on their exchanges as the coin is outperforming other well-known projects like Dogecoin and Shiba Inu.
Although PEPE gained up to 7000% after launch, it retreated 50% after a massive blowout.
Investors can now consider Mim Coin coming with stable gains in prices. In a shorter time frame $SPONGE can beat PEPE’s record and get 1000% profit.
Plus, the number of listings on the CEX continues to grow poloniex adding it a few hours ago. These achievements will propel SpongeBob to the heights of other emerging meme coins.
$SPONGE moves on the price chart
On the 15-min chart, $SPONGE has formed a green candle above the 50-day SMA and the 200-day SMA, which is a bullish signal.
Also, its Relative Strength Index (RSI) is at 55.30, in the neutral zone and rising. It also shows the bullish pressure on the asset.
spongy The moving average convergence/divergence (MACD) is above the signal line to show that the bulls are in charge.
adoge ($ai)
Aidog is one of the latest AI-powered meme coins with a unique value proposition. The project aims to ease the process of creating memes through artificial intelligence.
The team combines two of the most sought-after technologies to ensure an immersive experience for users.
With EyeDog, users can simply enter a prompt and generate memes. The platform’s token, $AI, is currently in its pre-sale phase four.
The token has registered phenomenal results as many investors have rushed to optimize the opportunity.
It currently has over $3.5 million in flow and will soon enter phase five.
At step 5, the price of one $AI will be $0.0000276, adding a few pips from the step four price of $0.0000272.
Specifically, the price will move up a few pips at each new level until it reaches 20.th stage.
After the final phase, $AI will be listed on exchanges at $0.0000336, giving early investors higher investment returns.
Proactive investors are collecting millions of dollars in AI tokens in the hope of profiting from their listing on exchanges.
After the success of these meme coins, adog has a high chance to gain massively on the exchanges considering its utility.