Meme coins are making a comeback, with several coins experiencing double-digit gains in the past 24 hours.
In the first two days of 2025, this sudden growth took investors by surprise, especially considering the slump since Christmas.
Doge, Shib, and WIF led the early 2025 meme coin rally, with traders flocking to these high-risk, high-reward assets, most of which have seen substantial gains.
Heavyweights like DOGE and Shib rose over 9%, while the frog-themed PEPE increased by 7%, leading the way is WIF--surging over 14%.
Even small-cap alternatives like the popular 'Dog token' have surged significantly since yesterday.
This comprehensive rebound has pushed the total value of the meme coin sector back above $100 billion.
This is a key psychological level that usually leads to further momentum; spot trading volume on exchanges is also increasing, indicating that retail traders are back and will likely stay.
The timing of this rebound has not gone unnoticed. Given his large following and ability to make accurate judgments, this optimistic forecast could become a self-fulfilling prophecy.
The new year brings new excitement and a bull market to crypto, with great optimism surrounding the technology in the first week of 2025.
Bitcoin's recent rebound to $100,000 has created ideal conditions for the revival of meme coins.
After the expected calm during the holiday season, traders are back at their desks, eager to take action.
Bitcoin rose 4% in the past day, making headlines and lifting the entire market, with some top altcoins, like Solana, XRP, and Ethereum, also achieving significant gains.
Meme coins are benefiting from this broader bull market.
Sentiment has noticeably shifted, with the crypto fear and greed index rising to 70, showing how much positivity there is now; the new year seems to bring more excitement to crypto.
Building on the explosive growth of 2024, investors seem eager to regain this momentum and push for new highs.
Unlike the relatively calm meme coin market of January last year, many traders believe this year will be different. If this momentum continues, they may prove to be right.
Wallstreet Pepe raised over $39 million, with analysts calling it the hottest meme coin; as meme coins return, investors are also starting to focus on presale tokens.
Since the presale began in early December, the project has raised $39.4 million, becoming one of the fastest-growing presales in the past 12 months.
(Article written and organized by Gold from Alaska; likes, follows, and comments are welcome)