The cryptocurrency market is witnessing a surge in interest and activity surrounding memecoins, with Dogecoin and other tokens like $BENJI, $BRETT, $BULL, $PONKE, and $SHIB gaining traction. Memecoins, a category known for their humorous and community-driven origins, have become integral to the crypto ecosystem. A new subcategory, MemeFi, aims to unlock utility in these tokens, although it is still in its early stages with only a few protocols currently building on it. Experts believe that the development and adoption of MemeFi will increase in the future. The current trend is being referred to as '$doge season,' and some predict that memecoins are about to go parabolic.