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Will Memecoins Come Back This Year? Historically, a memecoin surge in crypto has been one of the short-term indicators of strong market conditions and higher risk tolerance among market participants. At the very start of this year, crypto began to bounce, posting solid performance after a long downtrend and depressed sentiment. The same was true in summer 2024, when meme mania began.
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Ethereum has dropped out of the top 50 global assets by market capitalisation. According to 8marketcap, after a cumulative decline of 14.43% over 7 days, Ethereum's market capitalisation fell to $305.6 billion, and the cryptocurrency dropped to 56th place in the global ranking of assets by capitalisation. Ethereum was previously in the top 50 of the ranking.