Memecoins are gaining significant traction in the cryptocurrency ecosystem, with experts predicting they will surpass the cultural relevance of NFT collections from 2021. The trend suggests that memecoins will play a pivotal role in the next phase of the crypto market expansion. Some believe that memecoin communities may launch NFT collections, potentially leading to interesting price dynamics due to limited supply. Additionally, memecoins are currently outperforming Bitcoin and are expected to enter the public consciousness rapidly. True art and creative utility will come into better focus for NFTs, potentially leading to an NFT renaissance.