Pepe The Frog, a memecoin based on the popular internet meme, has surpassed Dogecoin in trading volumes, recording $227K in the past 24 hours compared to Dogecoin's $168K. Despite being ranked 68th by market capitalization, Pepe has seen considerable gains, with its price increasing from an all-time low of $0.000002764 to an all-time high of $0.000004354. The token has been listed on multiple crypto-exchanges and is present on three blockchains.

Tesla CEO Elon Musk has recently shown a preference for Dogecoin, but the cryptocurrency's price has been on a gradual decline due to market volatility. The price of DOGE has dropped by 27% since reaching a 30-day high of $0.095, and its market value has decreased below $10 billion. However, big investors are buying up DOGE at its current low price, seeing it as a viable long-term investment opportunity. Meanwhile, investing in Mooky, a sustainable token that supports tree-planting initiatives, offers investors a chance to match their financial objectives with their environmental principles. Mooky has no transaction fees, and its governance is decentralized, giving investors a voice in the token's development and management. Most importantly, investing in Mooky allows individuals to have a direct and concrete impact on the environment.

The Ordinals protocol, created by developer Casey Rodarmor, has now been implemented on Litecoin and Dogecoin, leading to a surge in transaction volume on both networks. Dogecoin set a new transaction volume record on May 18 with 1.2 million transactions in a single 24-hour period, while Litecoin reached its highest ever daily transaction volume on May 10 with 584,000 transactions. The Ordinals protocol was first introduced to Litecoin after a Twitter user offered 5 LTC to anyone who could "port" it to the network. The later introduction of the LRC-20 and DRC-20 token standards also contributed to the increase in network activity on both Litecoin and Dogecoin. The uptick in Ordinals inscriptions on Bitcoin can be attributed to the introduction of the BRC-20 token standard.

Investors are showing increasing interest in meme coins such as Pepe Coin and Dogecoin, with a new entrant, DogeMiyagi, also gaining attention. While cryptocurrency has traditionally been viewed as serious and confusing, meme coins have added an element of fun to the market.

In May 2021, Dogecoin became a popular cryptocurrency among retail investors due to its association with the Shiba Inu meme. However, the rise of other cryptocurrencies such as Terra and FTX caused a decline in consumer confidence.

The popularity of meme coins has increased on Litecoin and Dogecoin due to the Ordinals project, which was launched on the Bitcoin network in January. Initially, the project allowed for the inscription of assets such as artwork and profile pictures onto Bitcoin's blockchain, but it soon evolved to support BRC-20 tokens. This has resulted in a surge in daily transaction totals on all three blockchains, with each marking a respective all-time single-day peak for transactions in May. However, critics have raised concerns about the rising cost of transactions on these blockchains due to the inclusion of JPEGs and meme tokens. Despite this, proponents argue that the higher cost helps to secure the network. On May 10, there were 584,836 transactions and over 2.6 million Litecoin Ordinals have been created. Dogecoin has also introduced the DRC-20 standard for meme tokens and digital artifacts using Ordinal inscriptions, leading to a surge in activity. However, some experts are skeptical about the trend's longevity and believe sustained pressure on Dogecoin will cause it to die off quickly.

Experts predict that DigiToads (TOADS), a newcomer in the meme coin industry, will outperform top crypto coins like Dogecoin (DOGE) due to its practical features and growing social media popularity. Despite fluctuating market conditions, DigiToads has remained a steady cryptocurrency to buy in 2023 for its early investors in the ongoing presale phase. DigiToads aims to be one of the largest meme tokens and P2E tokens among popular projects such as Shiba Inu, Dogelon Mars, The Sandbox, and Axie Infinity. With its fast-selling TOADS token and practical utilities, DigiToads promises stable market growth and demand among crypto experts even in a fluctuating crypto market.

Investing in cryptocurrency can be unpredictable, but there are currently three projects with high potential for growth. Dogecoin, Tradecurve, and Shiba Inu are expected to see exponential price increases in 2023, with Dogecoin and Shiba Inu currently selling at lower prices, making them a bargain for investors. Despite a recent 20% price drop, Dogecoin has seen an increase in transactions and is expected to rally in May. Shiba Inu has also seen a decrease in value but has dedicated holders who are burning tokens and working on new projects, making it a good investment opportunity. Additionally, Tradecurve is an innovative hybrid exchange with a presale that is already being compared to the ICO of Binance, offering benefits to token holders and a comprehensive trading experience.

Pepe coin (PEPE) has seen a decrease in trading volume, which could indicate a shift in investor interest. Memecoins like PEPE are considered risky due to their high volatility, so caution is advised.

Despite recent events in the world of cryptocurrency, meme coins like Dogecoin and Shiba Inu continue to outperform even the biggest cryptocurrencies on the market. Meanwhile, newcomer DogeMiyagi is set to bring the age of meme coins back with its exciting and lucrative features.