Skip to content

Three most trending cryptocurrencies as of May 15, 2023

Three most trending cryptocurrencies of May 15, 2023

In the ever-evolving world of cryptocurrencies, trends can shift in a matter of hours. In this line, staying updated with the latest market movements is crucial.

According to the data retrieved by Finbold, the top three trending cryptocurrencies on May 15 are Pepe (PEPE), Doge CEO (DOGECEO), and Homer (SIMPSON). The findings are based on CoinMarketCap’s trending cryptocurrencies list, which reveals digital assets that people are most actively searching for on the platform. 

Interestingly, the list is dominated by meme coins. While meme coins do happen to dominate the list, it’s important to note that this may not be entirely coincidental. In recent months, meme-inspired cryptocurrencies, or meme coins, have gained significant attention and popularity among crypto investors and enthusiasts. 

Three most-trending cryptocurrencies on May 15. Source: CoinMarketCap

Just like Dogecoin (DOGE) and Shiba Inu (SHIB) back in the day, there are several new cryptocurrencies built on the premise of humor and entertainment, often with little to no actual use case or utility. 

Despite this, they offer investors an opportunity for quick profits and have caused a surge in demand, leading to a spike in their market capitalization. 

PEPE price analysis

Although its price has dropped significantly in recent days, PEPE has been taking the crypto community by storm. This meme coin, inspired by the internet meme Pepe the Frog, saw its price skyrocket by 5,000,000% a few weeks ago. On May 5, the day it was listed on Binance, PEPE hit its all-time high of $0.00000431.

But since then, the cryptocurrency lost a notable percentage of its value, probably due to an investor sell-off aimed at taking profits. At press time, PEPE was trading at $0.000001666, down 6.7% in the past 24 hours, and 27% since last week. 

Still, thanks to its meteoric rise, it remains the third-biggest meme coin in the world, with a market cap of $652.6 million 

PEPE 1-month price chart. Source: CoinMarketCap

DOGECEO price analysis

More recently, DOGECEO, which many refer to as a “Dogecoin clone” or “Dogecoin copycat,” saw an outstanding price surge in recent days. Built on BNB smart chain, DOGECEO has also lured the attention of many investors looking for the next big hit among meme-inspired cryptocurrencies. 

At the time of the writing, DOGECEO was changing hands at $0.000000000013, up 94% on the day. Over the past week, the cryptocurrency soared by almost 390%. 

DOGECEO 7-day price chart. Source: CoinMarketCap

SIMPSON price analysis

Finally, number three on this list is Homer (SIMPSON), the meme coin that registered the highest price surge in the past few days. 

Described as the first-ever “DOH coin,” this cryptocurrency was inspired by the legendary Simpsons character, Homer Simpson. Just like most meme coins, SIMPSON’s developers said the coin has no roadmap or a specific use case. However, that hasn’t stopped its price from surging since its launch.

SIMPSON 7-day price chart. Source: CoinMarketCap

In the past 7 days, the “DOH coin” saw a mouthwatering price jump of 10387.01%. On the day, SIMPSON fell around 44%, trading at $0.000000000024 at press time. 

Did you know? Crypto companies raised $2.6 billion in VC funding in Q1 2023

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

Read Next:

Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Sign Up

or

By submitting my information, I agree to the Privacy Policy and Terms of Service.

Already have an account? Sign In

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.