Meme coins are already the biggest talking point in the crypto space due to their absurdity and explosive rallies. However, they are not yet the largest category of tokens. In fact, meme coins rank 21st when it comes to their market capitalization in the crypto market.
Nonetheless, the emergence of meme coins has been volatile and, from the looks of it, 2025 could be a key year for their growth. Thus, BeInCrypto analyzed the best meme tokens from the main chains and their performance.
Solana Meme Parts
Solana stolen coins in the spotlight, with people like Chubby penguinsFartcoin and Gigachad are taking over the crypto market this year. But the only token that was at the top was POPCAT. The latter has managed to post an increase of 6,000% since the start of the year.
POPCAT managed to climb as high as $2.10 around mid-November, marking the new ATH. However, since then, the meme coin has not been doing well, as it has fallen by 64% to trade at $0.74 currently.
So, getting back to the top and continuing the climb is a bit difficult in the short term. Nonetheless, the altcoin would have a chance for recovery and growth provided it can reclaim $1.00 as support again.
The Solana meme coin narrative is strengthening, and this could give POPCAT the boost needed to climb back towards $2.10 and above. But if inventors take profits in the coming days, this recovery could be difficult, causing the POPCAT to fall.
Discussing the future of Solana meme coins, Lennix Lai, CCO at OKX Global, told BeInCrypto that there is a lot to look forward to.
“The token ecosystem story goes deeper than pure numbers, although they are certainly telling: Solana continues to see over 250,000 new tokens per week (272,000, 276,000 and 251,000 launched on DEXs over the past three weeks – respectively), far surpassing any other. network. Solana’s ultra-low costs, near-instant finality, and strong creator culture have led to the massive meme token wave of 2024, turning these technical advantages into a thriving ecosystem with unique social dynamics and community momentum,” said Lai.
The rapid growth of Solana meme coins clearly shows that this chain could become the second largest joke token house.
Ethereum coins
Ethereum is the largest house of coins and welcomes leaders Dogecoin and Shiba Inu. However, the breakout token on this chain was SPX6900 (SPX), which is up 9,362% in the year to date.
The altcoin followed the trend and managed to attract the interest of meme coin enthusiasts. This made it one of the 15 largest coins in the world, with a market capitalization of $748 million.
SPX is trading at $0.80 at the time of writing, but has remained stuck below the $0.91 barrier for the past two months. Despite gains in the broader market, the near-term outlook for the meme coin is bleak.
It is crucial that SPX returns to the all-time high of $1.19, almost 50% of the current price. Critical support for the meme coin is $0.56, which has kept the altcoin afloat for the most part recently.
Losing this support could invalidate the bullish thesis and result in significant losses for investors. This could also lead to increased sales as SPX holders choose to lock in their gains.
Ethereum will continue to dominate this space due to the biases and precedents set by older coins. Still, it could face tougher competition from Solana, as the chain is significantly cheaper.
Basic chain
Meme coins based on a basic chain has not seen as significant growth as that based on Ethereum and Solana. However, one notable coin was Brett (BRETT), which has seen an unprecedented growth of 12,800% over the past 12 months.
Currently trading at $0.125, BRETT is well below the ATH of $0.236, set this month. The meme coin is dependent on broader bullish market signals to return to the top.
The altcoin is holding above $0.100, which is the critical support level for BRETT, and is unlikely to be lost. However, heavy selling by investors could result in a decline below $0.100, which could shake investor confidence.
Given the dominance of Ethereum and the superiority of SolanaBase Chain might struggle to dominate this sector. Still, it will be interesting to see how many meme staples could grow in 2025.
Other notable coins:-
- Pepe (PEPE) – Ethereum-based meme coin that is up 1,140% year to date (YTD).
- Fartcoin (FARTCOIN) – Solana meme coin that entered the billion dollar market cap club.
- Bonk (BONK) – The Solana meme coin which always occupies a place in the top 5 meme coins.
- Turbo (TURBO) – The meme coin Ethereum which has climbed 2,800% since the start of the year.
Disclaimer
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