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Cryptocurrency News Articles

Meme Coins Are Surging Again as Bitcoin Eyes Its All-Time High

May 16, 2025 at 01:04 am

Crypto prices are climbing again, with Bitcoin showing strong momentum and eyeing a potential breakout past its all-time high.

Meme Coins Are Surging Again as Bitcoin Eyes Its All-Time High

Crypto prices are climbing again, with Bitcoin showing strong momentum and potentially breaking out to reach new all-time highs.

While some charts showed a brief spike up to around $110,000, the leading cryptocurrency is currently testing the $150,000 level. A confirmed breakout above this range could trigger a powerful rally.

And meme coins are already leading the charge, despite a 20% drop in trading volume, meme coins are up 4.38% today, showcasing strength as investors prefer to buy and hold rather than sell.

Popular tokens like Pepe, Dogecoin, and Shiba Inu are once again in the spotlight, garnering attention from across the crypto space.

As greed returns to the market, meme coins are surging, and those entering early could stand to gain the most.

Pepe (PEPE) price is currently trading at $0.00001364, continuing a strong upward trend with a 31.12% gain over the past year. Recent performance remains impressive, with several sources highlighting notable gains in the past week.

The price chart shows high volatility, marked by sharp peaks and troughs. After hitting a high of around $0.000025 earlier this year, PEPE saw a correction but has steadily recovered.

Recent price action shows strong bullish momentum, with the token approaching previous highs.

Analysts maintain a bullish outlook for Pepe in the short to medium term. Many expect a retest of its all-time high near $0.000028, last reached in December 2024.

Rising open interest in futures signals strong buying pressure. However, some technical indicators, such as the Relative Strength Index (RSI), place the token in overbought territory, hinting at possible short-term pullbacks.

A clear breakout above the $0.000016 resistance level could open the door for further gains, with targets around $0.000021 and $0.000026 based on Fibonacci projections and rounding bottom formations.

Traders continue to watch key levels, including resistance at $0.000016, $0.000021, and $0.000026, with the all-time high standing at $0.000028. Immediate support holds at $0.000013, while deeper support sits at $0.000010.

Overall, Pepe shows strong bullish momentum and the potential to revisit or even surpass previous highs.

Next on the list is Bonk (BONK), currently trading at $0.000022 points per coin. The token has seen a 5% increase in the past day and 42% over the past week, showcasing strong bullish momentum as it climbs back toward its all-time high of around $0.00005 points per coin.

With a market cap of $1.75 billion, Bonk holds considerable upside potential. Some observers suggest it could deliver a 5x return if it reaches the same valuation level as Shiba Inu (SHIB).

Backed by the growing strength of the Solana ecosystem, Bonk appears well-positioned to continue its upward trajectory.

Next on the list is dogwifhat (WIF), a meme coin that has recently delivered impressive gains.

Accumulated during a period of market fear, roughly a month ago—at around $0.40—WIF has since surged nearly 200%, with projections suggesting that it could hit 200% gains once it reaches approximately $1.30.

Despite this rapid growth, WIF remains well below its all-time high, indicating further upside potential. Analysts believe the token could rally another 3x to 4x just to return to previous peak levels.

The current momentum marks the early stages of a broader rebound in the meme coin sector, with rising interest from major investors fueling the rally.

Another Meme Coin to Watch: Solaxy (SOLX)

Solana is very fast, handling thousands of transactions every second with very low fees. But when lots of people use it at once, it can slow down or stop working for a bit.

To fix this, the Solaxy team made a special Layer 2 system that takes some work off the main Solana network. This helps process more transactions smoothly and sends the data back to Solana quickly. Solaxy boosts Solana by handling lots of transactions while keeping speed and security.

On March 15, Solaxy’s Testnet Bridge went live and connected with Solana Devnet. The team worked with Hyperlane to build a secure system that works like the real thing. Native SOL transfers work well, and the process is fast and safe.

The team is making sure the system works like native

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Other articles published on May 16, 2025