The cryptocurrency market seems to be holding steady amid uncertainties. Bitcoin (BTC) has reclaimed the $95,000 price point. The global crypto market cap has hit $3.09 trillion. Dogecoin (DOGE) is also experiencing a rally amid a market-wide resurgence. Pi Coin (Pi Network/PI), on the other hand, continues to trade in the red zone.
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Dogecoin Surges As Pi Coin Struggles
DOGE has made a remarkable recovery over the last few days. The memecoin has rallied 0.4% in the daily charts, 11.9% in the weekly charts, 11% in the 14-day charts, 5% over the previous month, and 22% since April 2024.
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While DOGE is trading in the green zone, Pi Coin (Pi Network/PI)is red across the board. The asset is down 3.5% in the daily charts, 2.9% in the weekly charts, 18% in the 14-day charts, and 25.8% over the previous month.
DOGE’s latest rally comes amid a market-wide resurgence. BTC’s rally to $95,000 may have led to a boost in investor sentiment. Spot BTC ETFs saw billions of dollars in inflow.
Which Memecoin Comes Out On Top In May 2025?
According to CoinCodex, Dogecoin (DOGE) could surge to a high of $0.29 in May. The memecoin will face a 61.11% rally if it hits the $0.29 target. CoinCodex does not anticipate DOGE’s price to hold at $0.29. The platform anticipates a correction back to $0.18 by the end of May.
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CoinCodex, on the other hand, anticipates Pi Coin to surge over the coming weeks. The platform anticipates the asset to hit a high of $2.31 on May 31. Pi Coin’s price will rally by 278.69% if it hits the $2.31 target.
Going by CoinCodex’s estimates, Pi Coin may outshine Dogecoin (DOGE) in May 2025. There is also a possibility that PI will not rally as predicted. Global macroeconomic headwinds may present unseen challenges to the crypto market.