The current market capitalization of memecoins stands at $58 billion, a significant drop from their peak of $140 billion in the last cycle. Despite this, there is optimism in the crypto community about the potential for memecoins to experience substantial growth. Some analysts predict that memecoins could see a 5x increase from their last cycle peak, potentially reaching a market cap of $700 billion. This comes in contrast to expectations for other cryptocurrencies like Bitcoin, Ethereum, and Solana, which are anticipated to grow by 2.5x, 3x, and 5x respectively. The altcoin market cap is currently at $1.27 trillion, while memecoins hold around 2.5% of the total crypto market cap but capture about 30% of the crypto mindshare. The memecoin market-cap is currently $59 billion.