As meme coin fever continues to engulf markets with skyrocketing returns, leading trading platform Dextools has revealed an impressive list of the most trending coins in crypto markets today.
From big players in the space like Pepe Coin, to emerging projects with unrivalled growth potential, do not miss out on the hottest tip list of May 2023.
Pepe Coin ($PEPE)
Pepe is currently trading at $0.0000009, down by 17%, as it fights to reclaim the $0.0000010 level.
The meme coin has experienced a sensational 198% increase since the start of 2023.
Although Pepe has fallen below its 20-day moving average (MA), which has been the backbone of its skyrocket rally, a bounce off the lower trendline could suggest a retest is inbound.
If the 20-day MA flips to support, the next target would be $0.0000014, a 47.5% increase.
The Relative Strength Index (RSI) sits at 41, signaling an oversold market and indicating capacity to push up.
Whereas the Moving Average Convergence Divergence (MACD) shows a minor bearish divergence, which is insignificant at the moment.
However, if Pepe fails to maintain its current level, it could find support at $0.0000065, a 31% decrease.
The Risk-Reward ratio (R:R) of 1.51 suggests a potentially good entry, but the structure remains precarious for a meme coin.
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This innovative platform is quickly becoming one of the hottest cryptos of 2023, with over $589,711 raised during its presale.
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Wojak is trading at $0.0005247, down by 5%, following the meme coin market trend on an hourly bounce back from the lower trendline support.
The popular meme coin has shown a momentum increase of 198% since the start of May, with a 2023 rally of 558% to hit its all-time high at $0.001049.
However, Wojak has lost support of its 20-day MA, forming a key target on the bounce off the lower trendline support.
The RSI sits at 44, presenting a bullish oversold signal and indicating room to move up. The MACD shows a bearish signal at -0.000037.
The upside for Wojak is a potential move to $0.00075, a 43% increase, if it reclaims support from the 20-day MA.
The downside risk lies in a return to the lower support level at $0.0002, a 60% decrease.
With an R:R of 0.7, this represents a bad entry with substantial downside risk.
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Bob Coin ($BOB)
BOB is trading at $0.000044, down 24%. Despite an impressive 182% rally on May 1st, retracement has left BOB with a meager 5% gain for the month.
The coin is in a tight battle to reclaim support above the 20-day MA, as the descending 20-day MA races towards a collision with lower support trend in a bearish pendant.
The RSI is low at 40, suggesting BOB is oversold and has significant upside potential, while the MACD displays a minor bearish divergence.
If BOB achieves a clean break above the 20-day MA resistance, the next target would be $0.000069, a 55% increase.
However, the nearest lower support level is at $0.00003, a 32% decrease. With an R:R of 1.73, this presents a good entry with decent upside potential.
Love Hate Inu ($LHINU)
As DOGE experiences a downturn, Love Hate Inu (LHINU) emerges as a compelling alternative for investors seeking the next big meme coin with genuine utility.
LHINU’s innovative Vote-2-Earn platform lets users participate in polls on trending topics and earn tokens for voting.
Staking LHINU tokens allows users to contribute to meme sensations while benefiting from a secure, transparent, and community-driven ecosystem.
Love Hate Inu’s presale raised over $10 million, and the launch price stands at 1 LHINU = 0.000145 USDT.
Analysts view LHINU as one of the best cryptos to buy now, comparing its potential to Dogecoin and Pepe Coin’s meteoric rise.
Revolutionizing the $3.2 billion survey industry, Love Hate Inu’s unique use case and robust utility could disrupt traditional data gathering methods.
The platform offers secure and transparent voting, backed by smart contracts and KYC, and community involvement in project governance and marketing decisions.
As Love Hate Inu’s presale reached soaring heights, now is the perfect time to secure your LHINU tokens before the price escalates.
With its unparalleled utility, Love Hate Inu could easily become the next Dogecoin or Shiba Inu.
Seize this extraordinary opportunity to join the Love Hate Inu revolution and invest in the meme coin to watch in 2023.
Disclaimer: Cryptocurrency projects endorsed in this article are not the financial advice of the publishing author or publication – cryptocurrencies are highly volatile investments with considerable risk, always do your own research.