Memecoin Market Surges 100% in 2024 With Dogecoin Leading at $34 Billion

The memecoin industry, which began with Dogecoin in 2014, has since expanded to over 3,500 memecoins listed across various cryptocurrency exchanges, with a combined market capitalization of $71.26 billion. While Bitcoin and Ethereum dominate the market with 63.1% and 9% of the total market cap respectively, the memecoin segment has been gaining significant inflow in recent times. With the anticipation of an altcoin season in the coming weeks, investors are looking for the top memecoins to invest in for 2025.

Dogecoin (DOGE), with a market capitalization of approximately $34 billion, remains the largest memecoin. Its strong community, institutional interest, and growing fundamentals, along with Elon Musk’s active participation and Grayscale pursuing DOGE ETFs, make it a less volatile investment among its rivals. The wormhole integration has enabled Dogecoin to be transferred to the Solana network through native token transfers, further boosting its reach in the crypto world.

Shiba Inu (SHIB), despite a fall in market cap to $8.51 billion, is still the second-largest memecoin. Its aggressive burn policy has acted as a catalyst in the deflationary effect, making the SHIB price fundamentally strong. The recent announcement of a major update around the Shibarium blockchain, focusing on enhancing the network’s decentralization, along with a highly optimistic SHIB army and technological leaps, could result in its mass adoption.

Pepe (PEPE), an Ethereum-based meme coin, has been one of the best-performing top-tier meme assets, with a market cap of $5.86 billion. Its community-centric approach and newer upgrades have helped its price achieve a new high. Currently trading at a discount of approximately 50.99% from its all-time high, the Pepe price is projected to outperform top tokens during the altseason.

OFFICIAL TRUMP (TRUMP), built on the Solana ecosystem, has gained industry interest due to its association with former U.S. President Donald Trump. The recent gala dinner, where top memecoin holders interacted with the president, has instilled faith in the coin. Despite the lows, it is still 965.05% up since its all-time low, with the potential for fresh highs during the altseason.

Bonk (BONK), the first dog-themed memecoin built on the Solana network, is back in the buzz due to renewed activity across the Solana memecoin ecosystem. With a price rise of 51.71% over the past month and a healthy intraday trade volume surge of 20.54%, BONK is expected to perform well during the memecoin mania.

Fartcoin (FARTCOIN), based on the BNB smart chain, leverages humor with community engagement, allowing users to submit fart jokes and memes to claim tokens. Its price is currently up 23.19% since the past week and 37.11% over the past 30 days, with a 6-digit price surge since its all-time low just 7 months ago.

Dogwifhat (WIF), launched in November 2023 on the Solana chain, takes its inspiration from Shiba Inu. With a market cap of $1.11 billion and a circulating supply of 998.84 million WIF tokens, its successful listing on major crypto exchanges may make it a key player during the altcoin season.

Brett (BASED) BRETT, introduced as Pepe’s best friend on Base Chain, is one of the successful meme coins of the rapidly expanding Base Chain. With a market capitalization of $666.66 million and a circulating supply of 9.91 billion BRETT tokens, this memecoin has been under the watchlist of marketers.

Popcat (SOL) POPCAT, another Solana-based meme project, features a short-haired domestic cat named “Oatmeal”. With a market cap of $481.64 million and a circulating supply of 979.97 million, this meme coin project is expected to bag a multi-fold return by trading under a highly discounted price from its ATH of over $2.

Goatseus Maximus (GOAT), inspired by Artificial Intelligence, has seen an impressive price surge of 2,598,213% in less than 60 days. With a market capitalization of $152.02 million, this meme project aims to become the most valued Solana-based memecoin, with its rapidly growing community and fundamentals projecting massive gains for 2025.

Investors are advised to do their research before investing in the memecoin category, as it is considered a highly risky investment due to its high price volatility and uncertainty. Only invest the money you can afford to lose.