Meme coins, known for their unpredictable price swings and absurd origins, are rapidly gaining popularity in the crypto sector. Although they currently rank 21st in market cap, their volatile growth and increasing hype have made 2025 a potentially pivotal year.
Tough Competition Between Solana and Ethereum
Despite their instability, Ethereum and Solana have secured a strong position in this space. Ethereum’s SPX6900 (SPX) surged 13,067% in 2024, while Solana’s POPCAT drew attention with a 6,000% rise. As the competition intensifies, investors are eager to see which network will dominate.
POPCAT: Solana’s Rising Star
Solana’s POPCAT reached its all-time high of $2.10 on November 17 but has since dropped 67% to $0.74. Reclaiming the $1.00 support level is crucial for the token to recover. Experts believe Solana’s growing popularity could drive a rebound for POPCAT.
Lennix Lai, CCO of OKX Global, commented on Solana’s impressive growth:
“Solana’s low transaction costs and fast finality have fueled innovation in 2024.”
Ethereum: The Original Home of Meme Coins
Despite Solana’s emerging stars, Ethereum remains the original home of meme coins. Giants like Dogecoin and Shiba Inu are built on Ethereum. SPX6900, one of Ethereum’s standout tokens, is now among the top 15 meme coins with a market cap of $710 million, currently trading at $0.76. However, breaking the $0.90 barrier has proven challenging.
For SPX to regain momentum, it must cross $0.90 to revisit its all-time high of $0.99. However, losing the $0.56 support level could trigger panic among investors, leading to massive sell-offs.
Base Chain: An Unexpected Player
While Base Chain lags behind Ethereum and Solana in the meme coin race, its Brett (BRETT) token emerged as a surprise. It gained 245% in 2024 and is currently trading at $0.133. However, it remains 40% below its peak of $0.235, achieved on December 1.
BRETT’s performance depends on broader market trends, but its critical support level of $0.100 appears solid for now. A drop below this level could shake investor confidence.
2025: The Golden Year for Meme Coins?
Ethereum is leveraging its legacy, while Solana is positioning itself as the future hub for meme coins. With lower transaction fees and faster speeds, Solana is attracting creators and investors alike. Meanwhile, Ethereum’s established reputation gives it an edge, though its higher fees may drive enthusiasts toward Solana.
Meme coins remain a niche market, but their stories of astronomical gains and sharp losses continue to captivate investors. Whether Ethereum, Solana, or Base Chain takes the lead in 2025, one thing is certain: the meme coin craze is far from over.
Solana’s Growing Popularity
Solana has seen over 250,000 new tokens weekly (272,000, 276,000, and 251,000 launched on DEXs over the past three weeks, respectively),far outpacing any other network.
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