Binance, the world's largest cryptocurrency exchange, recently made significant changes to enhance the trading experience for its users by expanding support for three popular meme coins. The exchange reduced the minimum order size for spot and margin trading pairs of Dogecoin (DOGE), BOME, and dogwifhat (WIF) to encourage users to invest in these coins. Are these meme coins worth buying now?

Binance's Move to Improve Trading Experience

In an official announcement on May 31, Binance announced that it would reduce the minimum order size for certain trading pairs of DOGE, BOME, and WIF. This adjustment aims to make trading more accessible and improve the overall trading experience for users. The reduced order size will apply to trading pairs such as DOGE/EUR, DOGE/FDUSD, DOGE/TUSD, DOGE/USDC, and DOGE/USDT, effective from June 7. Notably, this change will not affect spot trading, margin trading, or other relevant functions, and existing orders will remain unaffected.

Price Performance of Top Meme Coins

DOGE's price has seen a mixed performance in the past 24 hours, falling 1% but jumping 22% in May. The current price is $0.159, with a 24-hour low of $0.154 and a high of $0.162. The trading volume has decreased by 33% in the last 24 hours, indicating a decline in interest among traders. Meanwhile, WIF and BOME prices dropped over 3% and 1% in the past 24 hours. WIF saw a significant 35% rally in a month, while BOME recorded a 55% run in May.

Meme Coins Set for Further Rally

As the crypto market gains momentum after a recovery, meme coins are expected to experience a further rally. Traders and analysts believe that altcoins will have a massive altcoin season this cycle, offering investors a substantial return on investment.