Last week, several leading cryptocurrencies experienced another round of price increases, continuing the recovery trend from the previous week. As a result, the global cryptocurrency market capitalization grew by $140 billion, marking a 5.7% increase to $2.57 trillion.

Here are our picks for the top cryptocurrencies to watch this week, based on the notable movements recorded by these assets:

PEPE Hits New All-Time High for Second Straight Week

Pepe (PEPE) has been on a sustained uptrend since mid-April, despite the broader market’s volatility. Market data confirms that this meme coin has recorded four consecutive intraday gains during specific periods: April 20-23, May 1-4, and May 11-14.

Though it didn’t achieve a similar streak this week, Pepe surged by 45.86% on May 21 and 22, even as the rest of the market faced a pullback. Two weeks ago, the frog-themed meme coin reached a new all-time high of $0.00001161.

Last week, Pepe secured another all-time high, rallying to $0.00001577 on May 25. This price upswing defied the overall bearish trend triggered by Bitcoin’s retracement from the $71,000 high on May 20.

Over the past seven days, Pepe has surged 75.88%, making it the biggest gainer among the top 100 assets during this period. The meme coin is now in a price discovery phase, commanding a 24-hour volume of $1.946 billion at the time of writing, the seventh-largest in the crypto market.

Pepe’s Accumulation/Distribution metric shows that last week’s upsurge was driven primarily by massive demand. The metric held a value of 615.79 trillion PEPE as of May 19 but spiked to 775.91 trillion tokens by the end of the week. Pepe is now trading at $0.00001606, looking to maintain this threshold.

NOT Collapses by Another 10%

Notcoin (NOT) began the week with a significant 16.1% slump on May 19. The coin, introduced in November 2023 as a closed beta within Telegram, faced an intense selloff campaign shortly after its debut. The token collapsed 55% after launch as airdrop farmers rushed to cash in. This selloff campaign persisted last week.

Despite an opportunity to recover on May 20, when Bitcoin and the broader crypto market saw an upsurge, Notcoin only increased by a meager 2.57% and continued its downward momentum in the days that followed.

Notcoin shed another 10.63% from its value last week, closing below the $0.005 price territory. A 10.01% recovery on May 25 was insufficient to offset the losses. At its current value of $0.004964, NOT is down 86.76% from its peak of $0.0370 on the day of its debut.

ONDO Clinches New All-Time High

Ondo (ONDO) was one of the best performers last week. Like the broader market, the asset started the week on a bearish note, dropping 3.82% on May 19. However, it leveraged the market rebound to recover this loss, closing May 20 with an 8.29% increase.

While the rest of the market retraced gains that day, Ondo — the native token of the RWA tokenization platform — saw a mild correction before resuming its uptrend. It eventually reached a new all-time high of $1.16 on May 24.

The asset has since surpassed this level, joining PEPE in price discovery mode. With a current price of $1.28, ONDO is up 40.73% over the past seven days, making it the fifth-largest gainer within this timeframe. The token has now recovered the 23% loss it suffered in April, up 71.88% this month.

However, Ondo’s position above the $1.28 level remains delicate, especially with a 77.29 RSI suggesting overbought levels. A correction is due, but bulls need to find support at the 23.6% Fibonacci retracement level ($1.1873) to defend against steep declines below the $1 threshold.

For more updates and detailed analysis, stay tuned to Global Crypto News.

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