Pi Coin (Pi Network/PI) and Dogwifhat (WIF) are currently the two best-performing cryptocurrencies in the weekly charts among the top 100 projects. Both crypto assets have outperformed market heavyweights like Bitcoin (BTC), Ethereum (ETH), XRP, etc.
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Pi Coin And Dogwifhat Dominate Crypto Charts
PI has rallied 6.1% in the daily charts, 106.1% in the weekly charts, 103.8% in the 14-day charts, and 56.1% over the previous month. Dogwifhat (WIF), on the other hand, has rallied 2.8% in the daily charts, 104.9% in the weekly charts, 82.4% in the 14-day charts, and 142.1% over the previous month. Despite the rally, WIF’s price has dipped 64.3% since May 2024.
The latest market rally could be due to Bitcoin (BTC) rising beyond $100,000 once again. BTC’s rise may have led to a boost in investor sentiment. PI and WIF are likely following the market upswing.
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The SEC’s crypto roundtable meeting may have also led to a surge in investor sentiment. The SEC now has a pro-crypto leadership in Paul Atkins. Many crypto proponents anticipate lenient regulations under his supervision.
The rally could also be due to Pi Coin’s upcoming ecosystem announcement on May 14. Investors may be anticipating a bullish development from the project.
Which Coin Will Come Out On Top This Month?
According to CoinCodex, Pi Coin (PI) will continue its rally for the next few weeks. The platform anticipates the asset to trade at $2.37 on May 31. PI’s price will rally by 97.5% if it hits the $2.37 target.
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Like for PI, CoinCodex also anticipates WIF to rally over the next few weeks. The platform predicts WIF will trade at $1.99 on May 31. WIF’s price will rally by 73% if it hits the $1.99 target.
Going by CoinCodex’s estimates, Pi Coin (PI) may outperform Dogwifhat (WIF) by the end of this month.