Top 5 Trending Meme Coins to Watch This Month

The meme coin industry continues to make waves thanks to numerous such tokens that record double-digit price spikes quite often.

The cohort’s market capitalization currently stands at nearly $65 billion, and in the following lines, we’ll touch on five assets that may be among the best performers this month.

TRUMP

This meme coin related to former US President Donald Trump could experience high volatility in June as it is heavily affected by some news surrounding the billionaire.

MAGA (TRUMP) rallied substantially in mid-May after reports that Trump (who will challenge incumbent Joe Biden in the upcoming presidential election) leads in five out of six swing states, including Pennsylvania, Arizona, Michigan and Georgia. , and Nevada.

The witness saw serious ups and downs towards the end of the month when the American was found guilty in a hush money trial involving pornographic film actress Stormy Daniels.

In the following days, it rode out the turbulence and hit a new all-time high of over $17 on June 1. Soon after, however, it headed south and is currently trading around $13.20 (according to CoinGecko data).

TRUMP Price, Source: CoinGecko

Trump and Biden agreed to participate in a debate on June 27, while the former president’s sentencing on the previous trial is set for next month. Both factors may contribute to increased TRUMP price volatility.

BODEN

This meme coin related to the current President of the United States, Joe Biden, saw the light of day in March and achieved an ATH of almost $1 a month later. Since then, however, BODEN has suffered a slump, rising briefly on several occasions.

For reasons similar to the above, BODEN is likely to be subject to increased speculation and therefore volatility. Meme coins of this type are worth keeping a close eye on because they tend to experience large price swings during such periods.

The asset is currently worth about $0.25, but its price could fluctuate significantly this month following the upcoming debate and other news surrounding Biden.

Price BODEN, Source: CoinGecko BRETT

The frog-themed Brett (BRETT) has been one of the top performers in the meme coin space lately, with its valuation soaring 180% on a monthly basis.

The asset made headlines today (June 4), defying market trends with prices rising 30%. Its market capitalization surpassed the $1 billion mark, making BRETT the seventh largest token in its cohort.

Price BRETT, Source: CoinGecko

It will be interesting to see if the bull run can continue this month and if the meme coin can topple leaders like Bonk Inu (BONK) and Floki Inu (FLOKI).

POPCAT

Cat-themed meme coins have also grown in popularity, with POPCAT being one of the largest of its kind. It entered the market in December last year, but began progressing in March 2024.

POPCAT peaked at the beginning of May, when its price reached almost $0.65, while the market capitalization exceeded $600 million.

It is currently trading at around $0.45. Endorsements from popular figures, marketing trends, growing adoption and more can trigger a new resurgence. As such, it will be interesting to see what June has to offer.

SHIB

Last but not least, we’ll touch on the second largest meme coin: Shiba Inu (SHIB). Despite its unsatisfactory price performance over the past month, it remains one of the hottest topics in the crypto industry due to the substantial number of investors.

SHIB’s short-term rally potential may be driven by several elements, including its combustion mechanism and the advancement of the Layer 2 blockchain solution: Shibarium.

The burn rate went through the roof today (June 4th), exploding over 10,000% and resulting in 21.4 million tokens being sent to a null address.

For its part, Shibarium has achieved countless milestones since its launch in August of last year. As reported by CryptoPotato, the total number of blocks processed on the network exceeded 5 million, while the total transactions are close to 420 million.

Shibarium is designed to foster the advancement of the Shiba Inu ecosystem by improving speed, reducing transaction fees, encouraging community participation, and improving scalability. If you are curious to learn more about the L2 blockchain solution, check out our dedicated video below:

SPECIAL OFFER (Sponsored) Binance Free $600 (Exclusive to CryptoPotato): Use this link to register a new account and receive an exclusive welcome offer of $600 to Binance (full details).

2024 LIMITED OFFER on BYDFi Exchange – Up to $2888 Welcome Reward, Use this link to register and open a 100 USDT-M position for free!