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Traders Are Watching These 3 Cryptos for a Reason

Top cryptos are surging as the market hits $3.2T – with meme coins jumping 8.2%, could this be the start of the next massive crypto breakout?

Last updated:

May 8, 2025

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Traders are piling back into top cryptos as a fresh wave of bullish momentum lights up the market. Overnight, total crypto market cap surged to $3.2 trillion.

Leading the charge? Meme coins. The high-voltage sector exploded 8.2% in 24 hours, pushing its total valuation to a staggering $60.9 billion – and signaling that the next big breakout could already be underway.

Here are three top meme projects trading under $1 that may be due for a significant surge this year.

Dogecoin ($DOGE): A Potential Breakout Ahead for the Original Meme Coin

Dogecoin ($DOGE) remains the dominant meme coin in the cryptoverse, boasting a market cap of $27.4 billion that cements its status as the pioneer of this niche.

Created in 2013 by Billy Markus and Jackson Palmer as a lighthearted parody, DOGE has since evolved into one of the most recognizable cryptocurrencies worldwide.

Dogecoin is so big, its prices movement often mirrors Bitcoin’s trends, providing a degree of stability and predictability not found in many meme coins.

Currently, DOGE is trading around $0.1836 after rallying 5.7% in the last 24 hours. As with several other leading cryptos, traders are seeing it break out of a descending wedge pattern — a well-known bullish reversal formation characterized by converging downward-sloping support and resistance lines from November through April.

Optimistic investors are watching for potential rallies in May, targeting a climb toward $0.48 — implying a possible 161% gain from its current price.

Adoption remains a key driver. Tesla still accepts DOGE for select purchases, while platforms like PayPal and Revolut have integrated DOGE into their offerings, signaling growing real-world use.

Pepe ($PEPE): The Internet’s Beloved Frog Captures Investor Attention

Inspired by Matt Furie’s iconic Pepe the Frog character, Pepe ($PEPE) secured a spot among the top three meme coins by November 2024 — and has maintained its position ever since.

Launched in April 2023, $PEPE sparked a wave of imitators, though none have matched its staying power or iconic status.

Investor excitement spiked recently after Elon Musk hinted via tweet that he holds $PEPE, fueling speculation about it potentially being his next crypto endorsement.

😉 pic.twitter.com/jR6ycgAYjc
— Kekius Maximus (@elonmusk) April 9, 2025

Currently priced at $0.00000915 after an 11.5% overnight climb that took it to a with a $3.8 billion market capitalization, $PEPE comfortably holds the title of the largest non-dog-themed meme token.

Similar to Dogecoin, technical analysis suggests $PEPE is nearing a breakout from a descending wedge — a bullish pattern that can precede sharp price movements.

A confirmed breakout could propel the token toward the $0.000012 resistance zone — a historically significant price level for $PEPE.

Even though $PEPE is currently trading 67.5% below its all-time high of $0.00002803 (recorded on December 9, 2024), a bullish market resurgence could help the token regain lost ground and potentially set new records.

MIND of Pepe ($MIND): Helping Traders Find the Biggest Cryptos Before they Blow Up

Finally, MIND of Pepe ($MIND) merges the viral appeal of meme tokens with cutting-edge AI technology, positioning itself as an indispensable crypto buddy. While aesthetically inspired by the Pepe meme, this token brings high functionality to the table.

Holders of $MIND gain access to a suite of AI-driven tools — including a crypto oracle and an automated sentiment-tracking social mediaww bot — providing real-time insights, market forecasts, and trading signals.

Monument. $MIND pic.twitter.com/pcAJjfbTLg
— MIND of Pepe (@MINDofPepe) April 18, 2025

To date, the project has raised over $8.85 million in initial funding rounds. For investors interested in passive income, staking $MIND offers eye-watering rewards, with annual yields reaching up to 257%.

As artificial intelligence continues to transform industries from finance to digital content, MIND of Pepe is carving a unique niche at the crossroads of entertainment and AI-driven innovation.

Stay connected with MIND of Pepe on X (formerly Twitter) and Telegram.