The cryptocurrency market is recovering after its recent dip. Bitcoin (BTC) has reclaimed the $101,000 level, and other assets follow its trajectory. The global crypto market cap has also risen to $3.74 trillion. With the market back on track, some memecoins may hit new all-time highs over the next few weeks.
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Why Is The Cryptocurrency Market Rising?
Source: Watcher Guru
The latest market recovery could be due to Microstrategy buying another 1070 BTC for $101 million. BTC has reclaimed the $101,000 mark after falling below $93,000 last month.
Another reason for the cryptocurrency market resurgence could be President-elect Donald Trump’s inauguration being right around the corner. Trump is a vocal supporter of the crypto industry. Many anticipate another market-wide rally under his leadership.
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Top 3 Memecoin Cryptocurrencies That Could Hit New All-Time Highs
1. Dogecoin (DOGE)
Source: Bitcoinist
DOGE is the original meme cryptocurrency. DOGE may break into a rally after Trump takes office as he will enforce the Department Of Government Efficiency (D.O.G.E.) with Elon Musk and Vivek Ramaswamy at its head. Musk is one of the most vocal supporters of Dogecoin.
CoinCodex predicts DOGE will hit a new peak of $1.07 on Apr. 6, 2025. Reaching $1.07 from current price levels will lead to a rally of about 174.36%.
Source: CoinCodex
2. Pepe (PEPE)
Source: CoinGape
PEPE is another meme cryptocurrency with stellar growth over the last year. The asset has quickly climbed the charts and is currently the 25th-largest project by market cap.
According to CoinCodex, PEPE could hit a new all-time high of $0.00009773 on Feb. 13, 2025. Hitting $0.00009773 from current price levels will entail a rally of about 378.13%.
Source: CoinCodex
3. Dogwifhat (WIF)
Source: Twitter
WIF is a dog-themed cryptocurrency that has made waves over the last year. The Solana-based project is among the best-performing memecoins of the last year.
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According to CoinCodex, WIF will reach a new peak of $9.70 on Feb. 14, 2025. Hitting $9.70 from current price levels will translate to a rally of about 370.87%.
Source: CoinCodex
