Meme cryptocurrencies continued to be trending

As of May 21, 2023, meme cryptocurrencies continued to be trending among market participants. It was this asset class that interested users the most.

Numerous analysts attributed this state of affairs to the high volatility of digital tokens dedicated to memes.

The market leader in terms of popularity was Pepe (PEPE). This crypto asset was in the top 100 best, occupying the 65th position with an indicator of $663.74 million, the value of the meme token jumped by 6.1% over the past 24 hours, reaching a value of $0.00000169.

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Despite the fact that this figure is 7.1% lower than the same values a week ago, the monthly profitability of the virtual currency was 695.85%. Bidders executed transactions with PEPE in the amount of $364.14 million over the past day. This is exactly 2 times more than yesterday.

Numerous experts have warned investors about the risk of buying meme cryptocurrencies. Experts stated that this asset class has no value and practical application, and most meme tokens will not be worth anything sooner or later.

The second place in search popularity was occupied by Love Hate Inu (LHINU), which appeared on the market a few days ago. It increased in price by 2.8% over the reporting time period and was available on the market at $0.00014.

The total capitalization of the project was fixed at a modest level of $14.43 million. Daily trading volumes were $7.65 million, which is 58.8% less than yesterday.

In addition, meme tokens based on BNB Chain have recently begun to attract the attention of cryptocurrency traders. One of these projects was Doge CEO (DOGECEO). Quotes jumped 14.44% in the last 24 hours. It was trading at $0.0000000000065.

At the same time, the total supply of coins circulating in circulation on the market was only $1.83 million, and the volume of transactions per day was $1.52 million, which is 152% more than a day ago.

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