Memecoins are experiencing a surge in popularity amid the ongoing cryptocurrency bull market, with investors discussing the potential for a 'Memecoin Supercycle.' Several memecoins, including $MAGA, $CAT, and $TURBO, have risen to the top of CoinGecko's trending coins list this week. Market participants are speculating that memecoins could reach unprecedented market capitalizations, with comparisons being made to Dogecoin's $90 billion valuation achieved during a previous cycle. Some are even suggesting that $GIGA Chad could reach a $1,000 billion market cap. Justin Sun, founder of Tron, has predicted a 'second wave of growth' for Tron-based memecoins like $BULL as TRX approaches its previous high. Investors are noting significant gains, with some memecoins reportedly increasing by 2,000%. Despite declines in major cryptocurrencies like Bitcoin and Ethereum, certain memecoins are performing strongly, attracting attention from both new and experienced crypto traders.