Trending Meme Coins This Week, JEFF, LAMBO, RIBBIT, SPONGE, AiDoge - Best Altcoins
Meme coin projects are currently enjoying decent volatility in the crypto space. Notably, bitcoin has recorded a price decline of over 3% in 24 hours.
Transaction fees in the network spiked due to backlogs causing Binance to halt BTC withdrawals twice.
In the light of this development, most meme coins are trending in the market, projecting promising price outlooks while attracting increasing investors.
Proactive investors can lean towards these meme coins to amass huge pending holdings when the prices increase.
Although some of these projects are new, they have strong growth potential. JEFF, LAMBO, RIBBIT, SPONGE, and AiDoge are the trending meme projects this week.
JEFF is a meme coin project inspired by the fate of an average McDonald’s staff, Jeff.
The token's utility is not yet revealed but is live and flourishing.
JEFF is in a bullish market and projects more price gains following several indicators. As of May 7, 2023, JEFF’s price was at 0.05966.
However, it has increased to $0.1453 today, May 8, representing a 3.19% price increase at the time of writing.
JEFF is trading above its 50-Day Simple Moving Average (SMA) at the time of writing, indicating a short and long-term bullish market.
Also, JEFF is above its 200-Day SMA, which strongly supports the coin at $0.09811.
As such, it's prone to fluctuate if the bears mount pressure on the coin's price.
JEFF’s Relative Strength Index (RSI) is at 55, indicating a neutral market position for the coin.
Meanwhile, an upward movement on the RSI line represents a dramatic movement towards the overbought region above 70.
The coin’s Moving Average Convergence/Divergence (MACD) is above the signal line with a bold green bar on the histogram.
This confirms the current bullish sentiment of
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