Krutika Adani
Analyst Andrew Kang believes the current altcoin cycle might have peaked.
As the cycle peak arrives, altcoin demand has reduced to a very low level.
Despite declining altcoin demand, memecoins remain an investor favorite. Solana and Ethereum memecoins like Bonk, Pepe and dogwifhat remain their top choices.
Dogecoin and Shiba Inu remain the leaders in gained market cap, while Pepe, Bonk and dogwifhat were the top percentage gainers in 2024.