Meme Coins have become a hot topic in the crypto world thanks to their absurdity and explosive growth. However, they are not the largest token category. In fact, Meme Coin is only ranked 21st in terms of market capitalization in the crypto market.
Still, the emergence of Meme Coins has been volatile, and it looks like 2025 could be a pivotal year for their growth. Therefore, TinTucBitcoin has analyzed the top meme tokens from mainstream chains and their potential for growth.
Solana Meme Coin
Solana's Meme Coins have attracted attention, with names like Pudgy Penguins, Fartcoin, and Gigachad dominating the cryptocurrency market this year. But the standout Token is POPCAT. This Token has increased by 6,000% year-to-date.
The price increase of POPCAT. Source: CoinGecko
POPCAT surged to $2.10 in mid-November, marking a new all-time high. However, since then, this meme coin has not maintained its good form, dropping 64% and currently trading at $0.74.
Returning to the peak and continuing growth is a difficult task in the short term. However, the altcoin could recover and develop if it can maintain the support level of $1.00.
Price analysis of POPCAT. Source: TradingView
The situation indicates that the meme coin narrative of Solana is strengthening, and this could help POPCAT return to $2.10 and higher. But if investors show a tendency to take profits in the coming days, this recovery could face challenges, sending POPCAT lower.
Discussing the future of meme coins on Solana, Lennix Lai, Commercial Director at OKX Global, shared with TinTucBitcoin that there is much to look forward to.
The nature of the Token ecosystem goes deeper than pure numbers, although they are quite clear – Solana continues to witness over 250K new Tokens weekly (272K, 276K, and 251K launched on decentralized exchanges in the past three weeks – respectively), far exceeding any other network. The extremely low costs of Solana, the ability to finalize transactions almost instantly, and a strong creator culture have fueled a large wave of meme Tokens in 2024, turning these technical advantages into a thriving ecosystem with unique social momentum and community-driven growth,” Lai noted.
The rapid development of meme coins on Solana indicates that this chain could become the second-largest home for humorous Tokens.
Ethereum Meme Coin
Ethereum is the largest gathering place for Meme Coins and leads with Dogecoin and Shiba Inu. However, this breakout on-chain Token, SPX6900 (SPX), has grown by 9,362% this year.
Altcoin has caught up with the trend and attracted the interest of Meme Coin enthusiasts. This has made it one of the 15 largest Meme Coins in the world, with a market capitalization of $748 million.
The price increase of SPX. Source: CoinMarketCap
SPX is currently trading at $0.80 at the time of writing but has been stuck below the resistance level of $0.91 for the past two months. Although the overall market has recorded some growth, the short-term outlook for this Meme Coin is quite bleak.
Surpassing $0.91 is crucial for SPX to return to its all-time high of $1.19, nearly 50% above the current price. The important support level for this Meme Coin is $0.56, keeping the altcoin from floating for too long recently.
Price analysis of SPX. Source: TradingView
Losing this support level could undermine positivity and lead to significant losses for investors. This may trigger increased selling as SPX holders may choose to secure their profits.
Ethereum will continue to dominate this space thanks to the reputation and precedents set by older Meme Coins. However, it may face tougher competition from Solana as this chain is much cheaper.
Base Chain
Meme Coins on the Base chain platform have not seen strong development like the Ethereum and Solana platforms. However, one standout Meme Coin, Brett (BRETT), has experienced an unprecedented growth of 12,800% over the past 12 months.
The price increase of BRETT. Source: CoinGecko
Currently trading at $0.125, BRETT is far from the ATH of $0.236 set this month. This meme coin relies on optimistic market signals to return to its peak.
This altcoin is holding above $0.100, an important support level for BRETT, and the likelihood of losing it is low. However, heavy selling from investors could lead to a drop below $0.100, which could undermine investor confidence.
Price analysis of BRETT. Source: TradingView
With the dominance of Ethereum and the superiority of Solana, Base Chain may face difficulties in dominating this sector. However, it will be interesting to see how much Base meme develops by 2025.
Other standout Meme Coins:
Pepe (PEPE) – Meme on Ethereum has increased by 1,140% this year (YTD).
Fartcoin (FARTCOIN) – Solana Meme joins the $1 billion market cap club.
Bonk (BONK) – Solana Meme remains firmly in the top 5 Meme Coins.
Turbo (TURBO) – Meme on Ethereum has increased by 2,800% YTD.