The price of Bitcoin (BTC) began the first full week of the new year on a high note, fueled by crucial macroeconomic data. With Bitcoin maintaining a steady closing above $93,000, the broader cryptocurrency market is poised for further gains. The resurgence of memecoins offers a glimmer of hope for the altcoin season, as their revival is noticed despite the market’s recent downtrend.
Memecoins Reclaim Their Place
Several altcoins are reaching new peaks, and Bitcoin’s reclaiming of $93,000 marks a rapid start to the week, suggesting potential reversal of oversold conditions. The waning of memecoin dominance from November 2024 to December 2025 caused a significant dip, but signs of recovery emerged last month.
During the last similar market movement, memecoin season was initiated. The comparison ratio, highlighted by Darkfost, between the overall altcoin market and the memecoin market value indicates this trend.
In November 2024, this ratio hit 0.11, with memecoins holding 11% of the altcoin market’s total value. The ratio had declined to 0.032 in December, but the recent significant rise in memecoins has caused a recovery, suggesting further potential gains.
Though a positive indicator for the memecoin season, this signal could also pose a trap for bullish investors during the early stages of its return. Memecoins are highly speculative, and investors should exercise caution due to the high risk-reward ratio.
PEPE, BONK, DOGE, and SHIB: Leading the Rise
PEPE Coin has been a significant contributor to the observed ratio improvement, with its price surging over 80%. However, short-term profit-taking near the $0.00000715 resistance began. If profit-taking initiates closes below $0.00000643, liquidity might shift to other memecoins. The potential rise in ETH price could offer a buying opportunity, with possible moves towards $0.00000939 and $0.00001421, assuming a positive scenario unfolds.
BONK, the leading memecoin in the Solana ecosystem, increased by 60% over four days. With Solana (SOL) not having commenced its ascent, potential remains. If BTC remains robust, BONK might aim to reclaim the $0.00001919 support when Solana surpasses $200.
Dogecoin (DOGE), the king of memecoins by market cap, has seen a striking 30% increase over four days. Having reached its lowest point at $0.11 after relentless selling, DOGE now aims for $0.185.
Depending on the general market state, the $0.254 mark could be exceeded in a few weeks, indicating a return to its ATH trajectory.
Despite losing its previous excitement, SHIB remains a leading memecoin from 2021 with a sizable community. With a 36% increase over five days, SHIB is battling profit-taking but could target $0.0000119, provided it maintains closes above the $0.00000805 support and benefits from BTC’s support.
