On Friday, Binance, the world's largest cryptocurrency exchange, announced that it would be making trading more accessible for its users by expanding support for three meme coins. This adjustment includes reducing the minimum order size for spot and margin trading pairs, encouraging investments in Dogecoin (DOGE), BOME, and dogwifhat (WIF). Are these meme coins the best to buy now?

Binance's New Trading Adjustments

In an official statement on May 31, Binance revealed plans to lower the minimum order size for certain DOGE, BOME, and WIF trading pairs. This change aims to make trading easier and improve the overall experience for users. Starting June 7, the minimum order size will be reduced from 5 to 1 for trading pairs such as DOGE/EUR, DOGE/FDUSD, DOGE/TUSD, DOGE/USDC, and DOGE/USDT. Additionally, the trading pairs for BOME and WIF will include BOME/FDUSD, BOME/USDC, BOME/USDT, WIF/FDUSD, WIF/USDC, and WIF/USDT.

These changes will not impact spot trading, margin trading, or any other related functions. Existing orders will also remain unaffected.

Meme Coins' Recent Performance

In the past 24 hours, the price of DOGE has dropped by 1%, though it saw a 22% increase in May, currently trading at $0.159. Its 24-hour low and high are $0.154 and $0.162, respectively. However, trading volume has decreased by 33%, indicating a waning interest among traders.

Meanwhile, WIF and BOME prices have declined by over 2% and 1%, respectively, in the last 24 hours. Nevertheless, WIF experienced a 35% increase over the past month, and BOME saw a 55% rise in May.

Conclusion

As the crypto market shows signs of recovery, meme coins are poised for further growth. Traders and analysts predict a strong altcoin season, potentially offering significant returns on investment. Binance's recent adjustments make it easier for users to trade these coins, potentially making DOGE, WIF, and BOME attractive options for investors.