The meme cryptocurrency market has seen substantial growth over the last few years. Several new memecoins have taken the crypto market by storm. Solana’s pump.fun platform has experienced a massive surge in launching new memecoin projects.

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Cryptocurrencies Recover From The Depths

The crypto market has made a steady recovery over the last few days. The market resurgence is led by Bitcoin (BTC) reclaiming the $96,000 mark. The latest rally is likely fuelled by institutional investors. BlackRock purchased nearly $2.5 billion worth of BTC in the last week of April. The purchase may have aided the cryptocurrency market rally.

Other bullish developments may have also helped the cryptocurrency market recovery. The SEC has appointed pro-BTC candidate Paul Atkins at its helm. The SEC may take a more relaxed approach to the crypto space over the next few years.

There is also a possibility that the Federal Reserve will reduce interest rates very soon. A dip in interest rates will make borrowing easier. The move could lead to a surge in risky investments, such as cryptocurrencies.

Top 3 Meme Cryptocurrencies That May Rally This Month

1. Pepe (PEPE)

PEPE has experienced substantial success since its launch in April 2023. The meme cryptocurrency hit an all-time high of $0.00002803 on Dec. 9 of last year.

According to CoinCodex, PEPE could surge to a new all-time high of $0.00002975 on May 30.

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2. Pi Network (PI)

PI is another cryptocurrency that has seen a surge in popularity earlier this year. The coin hit an all-time high of $2.99 on Feb. 26.

According to CoinCodex, PI could reclaim the $2 mark in May. The platform anticipates the asset to hit $2.02 on May 30.

3. Bonk (BONK)

BONK experienced a massive price surge in November 2024. The asset’s price has substantially fallen since its peak.

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According to CoinCodex, the meme cryptocurrency will hit a new all-time high of $0.00006285 on May 30.