Memecoins have been the largest gainers in the crypto markets in 2024, However, with the end of the memecoin supercycle and the concurring liquidity crisis, most memecoins have corrected almost 80% to 90% of their 2024 highs.
1. Dogecoin (DOGE)
Dogecoin initially started as a joke but over the years has developed into one of the largest cryptocurrencies (among top 10 by market cap). The blockchain features a simple Proof of Work chain that only does one thing blockchains were supposed to do, i.e., transfer value efficiently.
Despite cryptic and supportive Tweets from Elon Musk, Dogecoin has gained a very little from the SpaceX and X.com owner.
However, it has a very strong community which supports the token by HODLing it through tough times. By the end of Q1, 2025 Dogecoin had around 83.5 million active addresses.
In late 2024 and early 2025, Dogecoin suffered a massive crash from $0.48 to $0.14 due to the ongoing liquidity crisis in broader markets.
Going ahead, Dogecoin seems to have decent future because of its popularity, simplicity, high-grade security, and its easy to use technology.
2. Shiba Inu (SHIB)
Shiba Inu is a very popular memecoin with its own layer-2 blockchain (Shibarium) and a complete ecosystem of reward tokens (LEASH), governance tokens (BONE), and utility tokens (SHIB). The project even has its own DeFi ecosystem with a DEX (ShibaSwap).
What makes Shiba Inu stand apart from other memecoins is its push for utility. The chain is open for development unlike Dogecoin and most other memecoins. This would helps Shiba Inu sustain in the markets even if all other memecoins vanish in the future.
3. Official Trump (TRUMP)
TRUMP is the official meme coin of Donald Trump launched a couple of days before he assumed his Presidency in the USA. The launch of the memecoin saw one of the most volatile trading sessions in crypto markets, crashing Solana, the blockchain on which it was launched.
As long as Donald Trump remains the President of the United States the cryptocurrency might jump into value any time given the non-predictability of Donald Trump’s actions.
4. Floki Inu (FLOKI)
Floki Inu is a metaverse crypto and a memecoin. Like other dog-based memecoins, the crypto was also launched during the second memecoin rush in 2021. The first memecoin rush was in 2017, and the third was in 2024.
What makes Floki Inu appealing is the possible resurgence of metaverses as crypto markets begin to recover in 2025.
5. DOGS
The reason why we love dogs is a meme coin is because the crypto is highly distributed decentralized and almost no owner has a sufficient chunk to causeway any rug-pull. Overall,
In the last one year dogs has nearly lost 93% of its price and could possibly keep losing more which is why it is more of millionaire or nothing crypto, a very risky one.
Frequently Asked Questions
What is the Memecoin Supercycle?
The memecoin supercycle was a period of intense growth in memecoins, leading to a scenario when memecoins beat all other crypto sectors. The last memecoin supercycle was in 2024, the previous one in 2021, and the first one was in 2017.
Will memecoins recover their lost value?
Memecoins tend to move in cycles and hence we expect the current memecoin market to only fully recover in the next cycle.
