Meme Coins Surge with $136B Market Cap; Meme Bank Revolution Looms

Meme coins are stealing the spotlight this cycle, leaving AI, gaming, and DeFi coins way behind. They’ve become one of the fastest-growing niches in the bull market, currently ranking 4th behind currencies, chains, and stablecoins. Back in 2020, there were just 13 liquid meme coin projects; by 2024, that number has climbed to 1,091.

The crypto winter of 2022-2023 hit meme coins hard, dropping their market cap to around $21 billion. But by Q1 2024, meme coins staged a massive comeback, soaring 169% to reach a market cap of $60 billion. By Q4 2024, their market cap has climbed even higher, and is sitting at a massive $136 billion as of now, with a jaw-dropping 24-hour trading volume of over $31.7 billion.

Breaking down the numbers for some of the biggest names in the game makes it clear that meme coins are dominating right now. Take $DOGE, the original meme coin that’s been around forever, as an example. It absolutely crushed it this year, jumping 364% from $0.09 to $0.43. Some are even saying it outshined Bitcoin as a better investment. $PEPE also had its moment, growing by 1,280% in 2024.

The growth of newer meme coins has been particularly notable in Q3 and Q4 of the year. $WIF reached a $4 billion market cap within just four months, and it’s currently trading at $3.4, which is highly unusual for a meme coin since most of them, aside from a few of the most popular ones, have struggled to break the $1 mark. $POPCAT has also made its mark, reaching a market cap of $1.28 billion and securing a spot in the top 100 coins on CoinMarketCap.

Considering all these meme coin statistics, it's impressive how far they’ve come, especially when 99.99% of them lack real utility. $DOGE might be the exception with some level of utility (being used as a form of payment in online stores and for Tesla products), but most others don’t offer much.

The potential for meme coins could be much greater if they had practical use, and that's what the team at Choise.ai realized and decided to take action and create the first-ever Meme Bank.

More About Meme Bank

Meme Bank is the newest addition to the Choise.ai ecosystem, and while it’s still to be launched, it promises to unlock the next stage of the meme economy. Instead of being limited to holding and trading, meme coins will soon have the chance to offer much more.

At its core, Meme Bank is powered by Choise.ai and Vault, a globally licensed B2B white label platform. Choise.ai (with its native token $CHO, which holds ecosystem-wide utility) consists of Choise.com, a crypto platform with over 1 million users, Vbanq, an enterprise-grade digital bank, Entropy, a L2 blockchain, decentralized trading platform, and a couple more products, but the spotlight right now is on Meme Bank. The idea behind Meme Bank is to provide communities like PEPE, BONK, DOGE, SHIBA, and others with the tools to build personalized ecosystems that offer real-world utility.

Meme Bank will enable a full range of global banking solutions for meme coins. This includes offering seamless transactions, token exchanges, and withdrawals, all tailored to the unique needs of each meme coin. With a globally licensed system, it will also allow users to spend their meme coins in real life using customizable Apple Pay or Visa cards, complete with spending limits, rewards, and other utility-driven perks chosen by the community.

The Meme Bank infrastructure will also support secure meme wallets for token storage, facilitate commissions that fuel token burns, staking rewards, and more features, helping to create sustainable growth for meme coins and their holders. Millions of daily transactions will contribute to the ecosystem’s growth, while the entire system will remain compliant with the highest regulatory standards.

In a thread published on X announcing Meme Bank, Choise.ai revealed that the first meme token will be unveiled soon, with more to follow shortly after.

$CHO Fueling the Ongoing Evolution of Choise.ai’s Projects

As $CHO gains value through its growing presence in the Choise.ai ecosystem, Meme Bank will contribute to expanding its utility even further since the token will be integral to its operations. Transactions within Meme Bank will generate revenue, and a portion of the revenue will be redistributed to $CHO holders, creating more value for the token.

$CHO will also be the core token in Tringlr, a technology developed by Choise.ai for building the most secure crypto wallet. It will be used for transactions, transfers, and wallet storage fees, as well as incentivizing secure agents – third-party validators who can store $CHO, authorize transactions, and earn rewards. With PerpeX, the decentralized trading platform Choise.ai is building, those who stake $CHO will gain access to revenue shares, discounted trading fees, and more. Meanwhile, with Entropy, Choise.ai’s L2 blockchain platform, $CHO holders will receive access to airdrops and partner benefits. Lastly, Vault is launching its own $VLT token soon, but only those holding and staking $CHO will be able to receive $VLT, as it won’t be available for purchase on secondary markets, which only reinforces the growing utility and perks of being a $CHO holder.

For more information on the upcoming launch of Meme Bank and the latest developments, follow Choise.ai's official X and Telegram accounts and visit their website.

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