The Super Cycle of Memecoins is Unstoppable
Recently, the market capitalization and attention on Memecoins in the cryptocurrency market have significantly increased. According to data from AICoin, the market cap of the Meme sector has surpassed $122 billion, accounting for about 3.8% of the total cryptocurrency market cap. Memecoins are leading market trends and becoming the objects of competition among investors.
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The super cycle of Memecoins, as pointed out by Murad in his speech at Token 2049, is driven by multiple factors, including inflation, technological innovation, and investor dissatisfaction with the traditional financial system. These factors collectively promote the activity and growth of the Meme coin market. Meme godfather Murad tweeted on October 30, stating, "Understanding Meme as an unstoppable tokenized community is the true insight. We are in the early stages of the Meme coin super cycle."
The emergence of ACT and PNUT in the first half of November, along with the recent surge of BAN listed on Binance, and the attention from CZ and Vitalik on the DeSci track Meme, all confirm the arrival of the Memecoin super cycle, with crypto players already cheering for this super cycle.
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In this super cycle, several major Meme coins are gradually emerging, each showcasing unique advantages and market potential.
AI Meme: GOAT & ACT
AI Memecoins are a rising star in the Meme coin market, represented by GOAT and ACT, which combine narratives of artificial intelligence to attract investor attention.
GOAT is an AI-driven Memecoin closely related to the AI agent Truth Terminal. Although the token was not directly created by AI, Truth Terminal heavily promoted it on social media, boosting GOAT's visibility and market cap. Since its launch, GOAT has seen a maximum increase of 90.5%. According to the latest data from AICoin, GOAT's market cap exceeds $1.1 billion, currently priced at $1.16.
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As an infrastructure-type Memecoin, ACT has also welcomed a significant reversal with its listing on Binance, rapidly increasing its market cap from about $20 million to ten times that amount.
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Art Meme (Last Round's NFT): BAN
Art Memes are an emerging mainline in the Memecoin market. Represented by BAN, this category leverages the NFT craze, indicating that the blockbuster Memes of this super cycle are diverse. After Binance announced the listing of BAN, the price surged 11% within five minutes and exceeded 110% within three hours, reaching a peak of $0.52, currently priced at $0.24.
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DeSci Meme: RIF & URO
DeSci Memes are a new force in today's Memecoin market. RIF and URO combine narratives from life sciences, supported by CZ and Vitalik, keeping DeSci Memes highly popular. RIF's market cap once reached $200 million, utilizing smart contracts on the Bitcoin network for simpler, faster, and scalable dApp development. According to AICoin market data, RIF is currently priced at $0.11.
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The URO token is designed to be pegged to urea (an important fertilizer component), serving as a commodity-based digital currency that provides intrinsic medical value through its backing by urea.
Celebrity Endorsements: DOGE & PNUT
The celebrity effect and KOL support remain fundamental factors influencing the value fluctuations of Memecoins. DOGE, as the earliest Memecoin, benefited from support and endorsements from Elon Musk, with its market cap once nearing $60 billion. Currently, it has a market cap of $54.4 billion, ranking first among Memecoins and seventh among all cryptocurrencies.
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PNUT's backstory involves a viral squirrel named Peanut, which sparked public outrage and protests after being detained and ultimately euthanized by the New York State Department of Environmental Conservation. This incident quickly gained traction online, with celebrities like Elon Musk mourning for it, leading to a surge in PNUT's price.
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Conclusion
The super cycle of Memecoins has arrived, and more explosive opportunities are expected in the future. When choosing Memecoins, investors should pay attention to the community support behind them, market potential, and the uniqueness of their narratives. In this opportunity-filled market, the diversified development of Memecoins will provide investors with more investment choices and opportunities for wealth growth. As the market continues to mature, Memecoins will continue to lead new trends in the cryptocurrency market.
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