Memecoins are experiencing renewed interest in the cryptocurrency market despite the ongoing bear market affecting altcoins. Investors and traders are actively seeking low-market-cap memecoins with potential for high returns, with some looking for early-stage tokens valued under $1 million that could grow to $10 million or more. Established memecoins such as DOGE, SHIB, and PEPE continue to hold market value and demonstrate resilience, attributed in part to a strong community and ironic appeal. Newer memecoins generally struggle to maintain market capitalizations above $20 million, with capital predominantly flowing into major memecoins like fartcoin, popcat, and wif, which are seen as market winners. Discussions highlight that memecoins on various blockchain platforms, including Avalanche (avax), Base, Abstract, Ape, and Sui, have not shown sustainable growth compared to those linked to Bitcoin. The memecoin market's revival is viewed as a reflection of investor sentiment and behavioral factors rather than fundamental value, with some participants noting that memecoins have persisted through skepticism over the past year.