​​Will Memecoins Come Back This Year?

Historically, a memecoin surge in crypto has been one of the short-term indicators of strong market conditions and higher risk tolerance among market participants.

At the very start of this year, crypto began to bounce, posting solid performance after a long downtrend and depressed sentiment. The same was true in summer 2024, when meme mania began.

This time, memes again followed the broader market and started to recover after repeated lows.  The CryptoRank meme tag shows about 80% of coins in the green, and total market cap is up 35% in a week.

But are they really back?

Zooming out to the broader picture, overall memecoin performance is still around the June lows, even though many more coins have launched since then.

Still, attention is now concentrated on revenue-generating projects.

Ironically, gambling-related protocols are among the leaders, so memes likely won’t disappear entirely in the near future.

So it’s safe to say we’ll see countless meme pumps this year, but they’re unlikely to turn into long-term moves.