Hyped by memes and fueled by speculation, memecoins have long defied crypto norms. From the explosive rise of Dogecoin to the continued virality of Pepe, these tokens have ridden the wave of cultural relevance.
However, with the year 2025 approaching, they face increasing challenges. The crypto market is changing, with the altcoin index dropping from 90 to 45, according to Blockchaincenter.
Source: Blockchaincenter
The landscape in 2024 has been a roller coaster ride for cryptocurrencies. According to Brave New Coin’s Bitcoin Liquid Index, Bitcoin rose steadily and climbed to $108,000, a 130% increase. But Dogecoin outperformed even Bitcoin with a stunning jump of 174%. Its growth, fueled by market boom and speculative fervor, demonstrated the power of community support and a strong memecoin identity. Elon Musk’s endorsements and social media chatter amplified his success, while tokens like Pepe attracted attention for their low entry points and narrative appeal.
Source: Blockchaincenter
Social volume remains crucial for memecoins. Viral events, influencer promotions and news ensure a regular spike in interest. Larger tokens like Dogecoin and Pepe dominate these spikes, but smaller players like BONK and PNUT are also showing resilience through consistent engagement. In late November and December, seasonal trends tied to overall market conditions emerged, adding another layer to this volatile ecosystem.
Source: Santiment
Memecoins are losing momentum – focus is shifting to DeSci and AI
Peter Kris, CEO of Gasp, observed a decline in interest in memecoins as attention shifts to innovative areas such as decentralized science (DeSci) and AI agents. Despite the slowdown…
