Crypto skeptics have been predicting the end of the meme coin craze for years, claiming the bubble is bound to burst. Yet here we are, nearing 2025, and meme coins are still there.
The meme coin market cap is nearing its all-time high at $132 billion, with a 24-hour trading volume of $50 billion – numbers that are undeniably impressive. This attention meme coins continue to command highlights the bigger picture skeptics are missing. On top of that, beyond the hype, this rapid growth has sparked some projects to rethink the potential of meme coins, aiming to infuse them with real value and utility.
The meme coin market appears to be on the cusp of something bigger with Choise.ai creating the first-ever Meme Bank, designed to bring the long-awaited, practical utility to this growing sector.
Meme Coin 2024 Trend Overview
In November, as well as throughout the year, meme coins dominated the charts, recording the highest gains among cryptocurrencies by market cap. According to CoinGecko, this is part of a broader trend, with meme coins entering a supercycle in 2024.
While major cryptocurrencies like Bitcoin and Ethereum have shown steady growth of around 30%, other sectors like Layer 1, modular and DeFi tokens have underperformed by about -27.5%. Meanwhile, meme coins, especially classics like $DOGE and $PEPE have averaged 500% growth in 2024, and newer coins like $POPCAT have surged over 6,400% in value.
Eight meme coins $DOGE, $SHIBA, $PEPE, $WIF, $BONK, $FLOKI, $BRETT, and $MOG successfully made it into the 100 highest-ranked coins, while $POPCAT has consistently hovered near the top, breaking in one day and out the next. Analysts even predict that the meme coin market could surpass a $1 trillion market cap, further highlighting the sector’s untapped potential.
Take $DOGE, the original meme coin, as an example. Far from being just a playful token, it has demonstrated staying power and growing utility by being accepted as a form of payment in Tesla and many online and offline stores. Recently, $DOGE hit $0.48, the closest it has come to its all-time high of $0.58 since 2021. With consistent interest and ongoing developments, $DOGE is poised for even greater growth. Elon Musk’s continued support – especially with hints about its inclusion in X’s rumored digital asset wallet, which fuels further optimism.
Even though some meme projects have failed in the past due to a lack of utility, the ones that have endured have proven the incredible potential of this space, fueled by passionate communities and the hope that, eventually, something would provide meme coins with real utility. Now, with the introduction of Meme Bank, the landscape is changing for the better, and here’s how exactly.
Choise.ai’s Ecosystem Grows Stronger with the Announcement of Meme Bank
As the newest member of the Choise.ai family, Meme Bank, developed by Choise.ai and Vault (a white-label solution that streamlines core banking, cards, and crypto setup for businesses) brings a fresh, exciting twist to the space.
Choise.ai is an established name and a dynamic ecosystem with a wide range of offerings, including:
- Choise.com: a B2C crypto banking app with over 1 million users,
- Entropy: an AI-powered Layer 2 blockchain platform that’s pushing technological boundaries,
- Charism: a DeFi platform offering seamless earn, swap, and bridge features,
- Vbanq: a digital banking platform offering multi-currency support and business accounts for both crypto and fiat,
- PerpeX: a decentralized perpetual trading platform made to all markets crypto, forex, metals, stocks, and more liquid,
- Tringlr: a hybrid SMPC-based technology that’ll be used as the base for building the most secure crypto wallet.
This product-rich ecosystem showcases innovation across various areas, and with Meme Bank, Choise.ai once again confirms its commitment to pushing the industry forward.
Meme Bank Features
Choise.ai and Vault will provide all the behind-the-scenes tech that will power each meme coin’s banking system, making sure everything runs smoothly for users, and here are the exact features the platform will be packed with.
Global banking for meme coins
Meme Bank will bring a global banking system specifically for meme coins, making it easy to transfer, exchange, and withdraw coins from anywhere in the world.
Spending meme coins in real life
With a Mastercard or Visa cards for meme coins, enthusiasts will finally be able to spend them anywhere, just like regular money. The cards will come with cool features like rewards, and special perks chosen by the community, and users will have the opportunity to top them up at any time.
Seamless transactions and withdrawals
Exchanging tokens and withdrawing funds will be quick and simple. Plus, every transaction will help the entire ecosystem grow by generating commissions.
Secure meme wallets
Meme coins will be safely stored in digital wallets designed specifically for them, so users can feel confident knowing their tokens are secure.
Fueling growth and innovation
The commissions from transactions will go towards things like burning tokens, rewarding stakers, and supporting new features, ensuring that meme coins continue to grow and stay valuable while rewarding holders.
Growing ecosystem
With the expected number of millions of transactions that will be happening daily on the platform, each one will contribute to making meme coins more valuable and sustainable for everyone.
$CHO: The Token That Powers Everything at Choise.ai
Like all crypto ecosystems, Choise.ai is powered by its native token: $CHO. This token is the driving force behind every product and service in the Choise.ai ecosystem, from Meme Bank to all of the other mentioned entities.
With Meme Bank now becoming part of the Choise.ai ecosystem, the role of the $CHO token becomes even more important. $CHO holders will actually see another layer of benefits of Meme Bank, with its revenue going toward burning $CHO, which will make it scarcer and potentially raise its value.
$CHO is used for staking, wallet storage fees, transaction facilitation, validator rewards, discounted fees, and gives access to airdrops and partner benefits, among other things.
Conclusion
It looks like meme coins are about to get unstuck from the speculative cycle – the numbers, along with Choise.ai and its Meme Bank, are backing up these predictions. Choise.ai has already announced that the first meme coin on Meme Bank will be revealed soon, according to their post on X. There’s a lot to look forward to with meme coins in 2025, and it’ll be exciting to see how exactly Choise.ai’s platform plays a role in all that.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
