The cryptocurrency market seems to remain stable amid uncertainty. Bitcoin (BTC) has regained the $95,000 mark. The global cryptocurrency market capitalization has reached $3.09 trillion. Dogecoin (DOGE) has also rebounded against the backdrop of the market recovery. On the other hand, Pi Coin (Pi Network/PI) continues to trade in the red.
Dogecoin is soaring, while Pi Coin is in trouble.
Dogecoin (DOGE) has seen significant rebounds in the past few days. This memecoin is up 0.4% on the daily chart, 11.9% on the weekly chart, 11% on the 14-day chart, and 5% month-over-month, rising 22% since April 2024.
DOGE is trading in the green, while Pi Coin (Pi Network/PI) is experiencing a broad decline. This asset is down 3.5% on the daily chart, 2.9% on the weekly chart, 18% on the 14-day chart, and 25.8% month-over-month.
The latest surge of DOGE comes as the market is experiencing a full recovery. The rise of BTC to $95,000 may have boosted investor sentiment. The spot BTC ETF has welcomed billions of dollars in inflows.
Which Memecoin will top the charts in May 2025?
CoinCodex predicts that Dogecoin (DOGE) could surge to a high of $0.29 in May. If it reaches the target price of $0.29, this memecoin will see a 61.11% increase. CoinCodex expects that DOGE's price will not hold at $0.29. The platform anticipates a pullback to $0.18 by the end of May.
On the other hand, CoinCodex expects Pi Coin to soar in the coming weeks. The platform predicts that this asset will reach a peak of $2.31 by May 31. If it reaches the target price of $2.31, the price of Pi Coin will increase by 278.69%.
According to CoinCodex's forecast, Pi Coin may surpass Dogecoin (DOGE) in May 2025. However, PI may also not rebound as expected. Global macroeconomic headwinds could pose unprecedented challenges to the cryptocurrency market.
