The concept of a 'memecoin supercycle' is gaining traction among cryptocurrency enthusiasts, with many asserting that it is just beginning. Predictions suggest that this cycle could lead to significant gains for investors, with some anticipating returns of 100x to 1000x. The sentiment indicates a shift in the crypto landscape, likening the current trend to the NFT boom of 2021-2022. Analysts note that the growth of memecoins is occurring on major platforms like Solana and Ethereum, and there is a growing belief that this trend will continue to accelerate leading up to January 1, 2025. The enthusiasm surrounding memecoins is attributed to the passionate community of investors, which proponents argue will drive prices higher as the cycle unfolds.