The post Will Altcoin Season See These New Meme Coins Hit $1 Billion Market Cap? appeared first on Coinpedia Fintech News
With Bitcoin just shy of $100K, traders are on the edges of their seats, eagerly awaiting a breakout that is expected to draw a new wave of media hype and retail investment.
But it won’t end with Bitcoin. An altcoin season is looming, and traders are seeking the next $1 billion meme coins.
Altcoin Season Expected in Q1 2025
Looking at historical data, Bitcoin provides the biggest gains in Q4, while Ethereum leads in Q1.
This is due to liquidity rotating down from Bitcoin into Ethereum, then it rotates into smaller cryptos, sparking an altcoin season.
For the uninitiated, an altcoin season is a period where altcoins outperform Bitcoin, and they usually provide massive gains.
Analyst Crypto Rover highlighted this on X recently, noting that once Ethereum breaks out, all altcoins will “go parabolic.”
#ALTCOIN SEASON ROADMAP1. We’re currently in Phase 1, driven by #Bitcoin's dominance.2. Once Ethereum breaks out, we’ll enter Phase 2 and Phase 3.3. Finally, in Phase 4, we’ll see ALL Altcoins go parabolic pic.twitter.com/G9zEIqQRtj
— Crypto Rover (@rovercrc) November 24, 2024
However, bullish periods continue to provide the biggest gains to those positioned in meme coins. For instance, Dogecoin has outpaced all other top 10 cryptos this month with a 217% gain.
This was also evident in Q1 of 2024 when the meme coin narrative provided an average gain of 1,312%, per CoinGecko data.
But even with meme coins expected to soar, it can be hard to know which offers the best return potential.
The Sleeping Giant Is Utility Meme Coins
Traders must not discount retail’s appetite for cryptocurrencies with utility. However, many crypto utilities are overly complex and beyond the comprehension of new crypto investors.
As such, meme coins, which also have utility, are the ideal crossover. Their memetic artwork makes them appealing and fun, while the utility provides value outside of pure speculation, giving investors confidence to bet more money.
One of the best examples is Pepe Unchained, a meme coin with its own blockchain. Top analysts like Jacob Bury have tipped it to 100x.
The project is building an Ethereum layer 2, which is 100x faster and far cheaper than the Ethereum network.
The entire blockchain will be geared toward meme coin trading. Notably, they’re launching a meme coin generator that lets anyone create a “joke” token in seconds without coding.
Other features include staking, a decentralized exchange, a block explorer, and a dedicated Ethereum bridge.
The project is undergoing a presale and has raised over $40 million, showing massive demand.
Crypto All-Stars is another utility-centered meme coin with strong demand. The project is also undergoing a presale and has raised almost $6 million so far.
They’re building a meme coin staking app that lets users lock up their Dogecoin, Shiba Inu, Pepe, Bonk, and more in exchange for passive rewards.
In bullish periods when meme coins do well, Crypto All-Stars could see huge adoption. Users can maximize their rewards by holding $STARS, meaning its demand will align with the platform’s growth.
Trend-Based Meme Coin Can Also Do Well
Multiple trend-based meme coins have hit the coveted $1 billion market cap milestone recently. Two that come to mind are Peanut the Squirrel and Goatseus Maximus.
But looking ahead, expect similar meme coins to continue exploding in price. This week, Chill Guy is showing the most potential. Based on a viral meme popularised on TikTok, Chill Guy token became an instant hit after launching on Pump.fun last week.
Today, it sits at a $442 million market cap, meaning it would take just over a 2x for it to reach $1 billion. It has pumped 47% today, showing investors continue to pour in.
Chill guy is becoming the Bored Ape Yacht Club / OpenSea moment for normies to be onboarded onto crypto5 mins on TikTok and you can see people discovering memes pic.twitter.com/WjtzLLabMW
— Solana Legend (@SolanaLegend) November 20, 2024
As mentioned, Goatseus Maximum is one of those $1 billion trend-based meme coins. GOAT pioneered a new category of meme coins geared toward AI agents handling community management.
This opened the floodgates to new AI-fueled antics within the meme coin sector, but the project with the most momentum is ACT I: The AI Prophecy.
It’s a community-takeover AI meme coin that already has a Binance listing. This provides a big advantage, especially as new retail users enter the industry.
Why $ACT $GOAT and majors AI coins are going to multiple billions?I spent the last hour to read @DegenPing tweets about the 2017 coins, and the factors leading to the current pump, probably the first guy to give a clear explanation about it (boomers bidding, 2017 class back… pic.twitter.com/D08LcEyYMz
— light (@YagamiTailor) November 24, 2024
Also, $ACT offers a unique outlook from other AI meme coins since it aims to be an entire AI ecosystem rather than just a singular AI agent.
It’s price has pulled back since its high in November but has since found support, indicating that the next leg up could be approaching.
