The cryptocurrency market is witnessing a significant surge in memecoin activity, with $GIGA leading the charge. $GIGA, a Solana-based memecoin, has hit a new all-time high (ATH), increasing by 10% in a day to reach a market capitalization of $680 million. The memecoin is expected to challenge MOG and SPX for the second and third spots on the Murad leaderboard. Analysts suggest that the memecoin supercycle is beginning, with the meme liquidity index surging for the first time since 2021. Enthusiasts believe that memecoins offer an equal opportunity for participation and are more engaging compared to traditional utility coins. The bullish sentiment around memecoins is further fueled by the belief that holding $GIGA could outperform 99.99% of other coins and traders over the next year and potentially reach $1 billion by 2025.