We made a list of the top 5 performing crypto assets in May and 5 picks to buy in June

Temitope Akintade
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May was an eventful month for the crypto ecosystem. Many projects launched their tokens and the meme coin craze attained new heights in the 5th month of the year. The global crypto market bounces back from a recent retrace. Flagship asset, bitcoin traded above $71,000.

And, meme coins are becoming popular among investors and enthusiasts. 

Before we provide an outlook of the digital assets industry in June, which signals the end of the second quarter of the year, let us take a look at the five best-performing crypto assets in May.

Top 5 performing crypto assets in May

In our estimation, the top 5 performing cryptocurrencies in May are Jasmy, Pepe, Notcoin, Floki, and Solana.

Below, we explain our choice: 

Jasmy has been in the space for a couple of years but this year has been amazing for the decentralized finance token. Building on the back of a successful outing in the opening months of the year, the coin had a bull run in May to print juicy returns for its holders and investors. 

Pepe and Floki Inu are some of this writer’s memecoin holdings.

As a refresher, meme coins are crypto assets created for fun usually inspired by a character or influenced by a popular figure. They are typically promoted by notable influencers and backed by an online community. Dogecoin, the biggest meme coin by market capitalization, was associated with Elon Musk.

XRP Elon-Musk-Dogecoin-2

Memecoins are infamous for their high volatility but have been on a current bull run earning its investors handsome profits, with Pepe and Floki Inu a typical example, in May.

The popular and renowned tap-to-earn project, Notcoin was launched to much fanfare in May. Millions of early adopters tapped their way to thousands of dollars as the Ton-based token became the most valuable project on the Telegram blockchain. 

Read also: $NOT token launch: Here is all you need to know about Notcoin 

Lastly, Solana, the ‘ethereum killer’ had an impressive outing in May. The token once again proved that it has shaken the 2023 slump behind it and it looks like the only way to go from here is up.

Our top bets for June 

Following a propitious May, June seems set to be better and bigger as the meme coin craze continues to gain traction.

Here are our five top picks for June. 

This is the governance and utility token from the Cookie Ecosystem and it is set to launch on June 13th, 2024, at 10 am UTC. 

This listing comes after the token has secured $5.5M funding, including a $3.3M seed and strategic rounds, which saw investments from top Web3 VCs such as Castrum Capital, Animoca Brands, Spartan Group and others.

In addition to governance and staking utilities, the $COOKIE token has several other unique features. One of them is using the token to issue endless airdrops to its stakes from projects using the Cookie3 platforms. 

The listing coming up on June 13th will be the first opportunity for the general public to purchase COOKIE and receive exclusive access to governance, staking, and endless airdrops from within the Cookie Ecosystem. 

With that sort of huge backing and an amazing community, the $COOKIE token is set for an amazing June. 

Solana 

As mentioned earlier, Solana has experienced some strong bullish momentum of late. 

Now heading into June, there’s some sort of big news in the Solana ecosystem. A cat-themed Solana token, MEW, has partnered with the LOCUS animation studio to produce a 3D animated series. LOCUS raised $17.5 million pre-IPO and MEW aims to become the most recognized meme coin globally by leveraging LOCUS’s animation to reach film and TV audiences.

This and many more reasons have made Solana a lucrative investment for bullish crypto fans. Taking into account other key integrations, such as Solana Pay with Shopify and Visa’s stablecoin program, Solana is a strong buy for June.

Ethereum 

After a long journey of its United Securities and Exchange Commission (SEC) approval, Ethereum spot ETFs finally got approved last week. This marks the country’s second crypto-based ETF, enhancing institutional access to Ethereum. 

Although the SEC briefly published the filing and later retracted it, Ethereum’s bullish momentum, fueled by improving on-chain metrics, is boosted by the potential debut of these spot ETFs. 

According to Bloomberg’s Eric Balchunas, there is a chance for a launch by June. With how massive this development is, investors should keep an eye on the second-largest crypto by market capitalization, in June.

Read also: TapSwap: Here is all you need to know about the frenzied tap-to-earn game

Dog Go To The Moon

After its grand debut on April 24, $DOG has risen to the 116th position of the crypto market capitalization ranking. The coin was issued on the young Runes protocol and is ideologically linked to Bitcoin.

$DOG aims to make Bitcoin use as common as having a pet. It has become the most popular token on the protocol and, after a month of stabilization, is pleasing investors with its steady growth.

In May, data says $DOG recorded around $80 million in trade volumes. Going into June, $DOG is one of the meme coins to buy due to its newness and untapped potential.

Here are the top 3 cryptocurrency picks for the month of June
Dogecoin 

Since February, Dogecoin has witnessed a strong rally. According to data, the flagship memecoin is up more than 127% over the last 12 months.

Going into June, Dogecoin is expected to thrive and lead the new charge of the ‘meme craze’ which continues to take a new form.

Dogecoin is something unique in the cryptocurrency space and despite its lack of use cases, it remains a worthwhile investment in June.


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