Top 5 Trending Crypto to Buy: AiDoge, Pepe Coin, PLEBToken, Wojak Finance & Papa Coin
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May 02, 2023 06:31 AM Eastern Daylight Time
Cryptocurrencies continue to make waves in the financial markets, with their decentralized nature and high returns potential offering an alternative to "traditional" asset classes. Due to these characteristics, new coins are constantly emerging, ensuring a steady stream of opportunities for crypto investors.
In this article, we’ll take a closer look at 5 top trending crypto projects that are currently capturing the attention of investors worldwide – diving into what they are and why they’ve become so popular.
The 5 Top Trending Crypto Coins in May 2023
Listed below are 5 of the most-popular trending cryptocurrencies, each experiencing enormous momentum driven by social media channels like Twitter and Reddit:
AiDoge ($Ai) – New AI Crypto That’s Trending on Reddit & Twitter
Pepe Coin ($PEPE) – Viral Meme Coin Posting Gains of over 1,100%
PLEBToken ($PLEB) – New Meme Project Popularized by Reddit
Wojak Finance ($WOJ) – Popular Meme Crypto with Custom-Designed NFT Collection
Papa Coin ($PAPA) - “Tribute” Project with Close Ties to Pepe Coin
1. AiDoge ($Ai) – Number One Crypto That’s Trending on Reddit & Twitter
Kicking off our discussion of the top trending crypto projects right now is AiDoge. As can be seen, AiDoge is a portmanteau of two words – Ai and Doge. This is because AiDoge's ecosystem relies heavily on artificial intelligence (AI) concepts and a meme coin styling in a similar mold to Dogecoin.
However, AiDoge's development team aims to carve out its own niche in the crypto market. To do so, the team has developed a first-of-its-kind "meme generator" powered by AI. This meme generator will allow users to instantly create hilarious memes without needing prior photo-editing experience.
Per AiDoge’s whitepaper, the ecosystem's cutting-edge AI technology will allow users to produce topical memes that can be easily shared on social media sites. Since the meme generator has been trained on colossal meme datasets and crypto news repositories, users can be sure their creations will be relevant.
Underpinning the entire AiDoge ecosystem is $Ai – the project's native ERC-20 token. $Ai tokens are required to buy credits, which are used in the meme-generation process. However, users can also stake these tokens to earn daily credit rewards.
Staking $Ai tokens will even net users some additional perks. These include early access to new meme templates, special creator contests, and voting rights for platform development decisions.
Another essential feature of AiDoge's ecosystem is the "public wall." This wall will showcase all user-created images made using the meme generator. The images that get upvoted the most by the AiDoge community will rise to the top of the wall – and net their creators additional rewards in the form of $Ai tokens.
Investor excitement is already growing around AiDoge, which has been enhanced further now that the project has entered its presale phase. During this phase, investors can buy $Ai tokens at a discount relative to the eventual exchange listing price.
Currently, $Ai tokens are priced at just $0.0000264 – 27% lower than the planned listing price. Interested investors can learn more about the presale by checking out the official Telegram channel.
2. Pepe Coin ($PEPE) – Viral Meme Coin Posting Gains of over 1,100%
Another crypto that's trending on Reddit right now is Pepe Coin. Pepe Coin takes an entirely different approach than the likes of Dogecoin and Shiba Inu, instead focusing on one of the trailblazers of the meme movement – Pepe the Frog.
Pepe Coin was launched in mid-April and immediately began gaining traction on Reddit and Twitter. Within three weeks of its launch, the $PEPE price had reached an all-time high of $0.000001439, per CoinMarketCap – resulting in gains of over 1,100% for early investors.
Interestingly, the Pepe Coin website explicitly states that the project has no intrinsic value and is "completely useless." As such, investors seeking the best crypto to buy now may be put off by this admission, yet it hasn't stopped retail traders from snatching up $PEPE tokens in their droves.
Ultimately, the Pepe Coin project has become a smash hit purely because of the cultural significance of the Pepe the Frog meme. At present, there are no use cases for $PEPE tokens – investors are simply using them as a way of benefiting from social media-driven hype.
3. PLEBToken ($PLEB) – New Meme Project Popularized by Reddit
Describing itself as the "meme coin for plebs," PLEBToken is another top trending crypto that has made waves in recent weeks. Like Pepe Coin, PLEBToken focuses on a different meme than the incumbents in the space – namely, the "pleb" meme popularized on Reddit.
The total supply of $PLEB tokens is 123,123,123,123,123 – with 94% of these having been sent to the Uniswap liquidity pool and burned permanently. Moreover, there’s no tax on buy/sell transactions related to $PLEB tokens, which sets this project apart from many similar meme coins.
Again, like Pepe Coin, PLEBToken has no defined use cases. The website urges investors to “join us and start shilling plebs” – highlighting that the project is purely designed to promote financial gain.
Per CoinGecko, $PLEB hit an all-time high of $0.000000062911 on April 24th. However, the token's value has fallen by over 56% from that point, hinting that the PLEBToken "bull run" may have ended.
4. Wojak Finance ($WOJ) – Popular Meme Crypto with Custom-Designed NFT Collection
Wojak Finance is a meme coin project initially launched in October 2021. The project experienced a monumental bull run in December 2021, rising to an all-time high of $0.2771. However, as with many hype-driven coins, the $WOJ price has fallen significantly since then.
At the time of writing, $WOJ tokens are valued at $0.0039 – over 98% lower than all-time highs. However, Wojak Finance continues to boast a market cap of $90m+, highlighting that the project may still have some staying power.
One reason Wojak Finance has remained afloat is that the project offers some well-defined use cases. The flagship use case is Wojak’s “Profile-to-Earn” mechanism, which sees ecosystem users receive $WOJ rewards for uploading the project’s NFTs as their social media profile pictures.
The Wojak Finance roadmap also hints at plans to launch an NFT marketplace and a “Baby Wojakians” NFT protocol. However, these plans are yet to come to fruition – which is why the $WOJ price has struggled over the past year.
5. Papa Coin ($PAPA) – “Tribute” Project with Close Ties to Pepe Coin
Rounding off our list of the top trending cryptocurrencies is Papa Coin. Papa Coin is another meme coin project that leverages the incredible popularity of the Pepe the Frog character – yet in a unique way.
This project acts as a “tribute” to Pepe the Frog by styling itself after Pepe’s father. Like other projects on our list, Papa Coin has no transactional tax and a limited supply designed to preserve scarcity and promote value growth.
One of Papa Coin's only features is that $PAPA holders can "feed" the ecosystem specific tokens to earn rewards. Currently, the only token that users can deposit is $PEPE, which is inextricably linked to the Papa Coin project.
Due to this link, Papa Coin's price has been soaring recently – and is up over 150% in the past 24 hours alone. The project has also received more than 3,400 followers on Twitter, highlighting the beneficial effects of being associated with Pepe Coin.
DISCLAIMER: This is not to be taken as investment advice. Crypto is a volatile asset, do your own research before investing and only invest money you can afford to lose. We may receive commission for clicking links in this article.
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