Trending Coins on Dextools: The world of crypto meme coins is experiencing a frenzy as investors seek out the next big success story. Ethereum-based ERC-20 coins are particularly popular on decentralized exchanges (DEX), attracting attention with their potential for significant gains. In this article, we will delve into the top five trending ERC-20 meme coins on DEX Tools, examining their recent performances and prospects for future growth. Additionally, we will explore some promising presale projects that offer potential long-term value and utility. Let’s dive in.
RefundCoin (RFD)
Claiming the top spot on DEX Tools’ trending coins list is RefundCoin (RFD). Currently trading at around $0.00007 per token on Uniswap, RFD has seen remarkable growth, nearly 200 times its listing price of $0.0000036. According to Refund Coin’s Twitter, the token was launched by a pseudonymous Ethereum wallet holder known as blurr.eth, estimated to be an original Ether whale with a net worth exceeding $100,000,000.
GMFAM (GMFAM)
GMFAM, short for Good Morning Family, holds the second position on the trending coins list. Recently reaching new record highs, GMFAM is currently trading just under 40.00000005 per token, boasting a market cap of over $5 million. Investors who acquired GMFAM during its DEX listing at $0.0000000003 five days ago could now be enjoying gains of approximately 160 times their initial investment. GMFAM’s Twitter account reveals that the meme coin project is in talks with multiple centralized exchanges (CEXs) for future listings.
Ben (BEN)
Under the leadership of controversial crypto influencer Ben Armstrong, Ben (BEN) has witnessed substantial growth since the transition from its previous owner, Ben.eth. With recent all-time highs around the $0.00000029 range, BEN is currently priced at approximately $0.000000175. Early investors who acquired BEN when it was trading well below $0.000000003 could now be sitting on gains of at least 80 times their initial investment. However, BEN is on the brink of breaking a descending triangle pattern, which may result in a significant drop in its value.
Pepe (PEPE)
While Pepe coin (PEPE) remains on DEX Tools’ top five trending list, enthusiasm for the token appears to be waning. PEPE is at risk of breaking below key resistance levels in the $0.0000012-13 range, potentially leading to a decline towards previous support levels established earlier this month at around $0.0000009 and $0.00000076. Initially gaining widespread attention in mid-April, Pepe achieved a market capitalization of approximately $1.8 billion at its peak. Currently, Pepe’s market capitalization stands at around $600 million, limiting its potential for further substantial gains.
Papi (PAPI)
Papi Chulo (PAPI), launched just yesterday, has already experienced significant growth. Starting at a price of $0.0000005 on Uniswap, PAPI has surged by over 11 times, trading in the $0.0000056 range. Papi Chulo’s website promises an “impactful use-case,” but this will only be revealed once the token is listed on 20 centralized exchanges. The project plans to unveil its roadmap after reaching 3,000 token holders.
The crypto meme coin market continues to captivate investors with its potential for massive gains. While the top trending ERC-20 meme coins on DEX Tools offer short-term opportunities, it is important to acknowledge the risks associated with such volatile assets. Investors seeking long-term value and utility may consider exploring presale projects conducted by highly promising web3 start-ups. These projects often provide genuine use-cases, injecting utility and real value into their tokens. When considering investments, thorough research and due diligence are crucial to mitigate risks and make informed decisions.