Why Memecoins Can Outshine Altcoins in the Next Crypto Rally

• Memecoins have surpassed altcoins in terms of market activity and hype.
• Tokens like Dogecoin and Pepe are outperforming altcoins in trading volumes.

While altcoins like Ethereum [ETH] and Solana [SOL] have long held the spotlight, memecoins are now driving both hype and market momentum.

The significant price surges of popular tokens like Dogecoin [DOGE], Shiba Inu [SHIB], and Pepe [PEPE] raise the question: Is we witnessing a ‘memecoin season’ that rivals previous alts cycles?

The numbers behind the hype

Source: CoinGecko.

The memecoin sector is flexing its might. Dogecoin leads with a staggering 24-hour trading volume of $9.6 billion. In second place is Pepe with $5.6 billion, followed by Shiba Inu at $1.8 billion.

This level of activity parallels that of major altcoins, demonstrating an increase in liquidity within memecoins.

Additions such as Bonk [BONK] and Peanut the Squirrel are also gaining traction. For instance, Bonk’s recent surge saw a remarkable 127% price increase over one week—indicative of an active speculative environment.

Despite their current success, questions linger regarding the sustainability of memecoins in the long haul.

Differences and similarities

Altcoins generally emphasize utility within DeFi or NFTs while memecoins thrive on excitement and speculation. Both categories depend heavily on active community engagement.

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