In a remarkable turn of events, memecoins have stolen the spotlight with astonishing market gains. According to MarketVecto's memecoin index, these altcoins have seen a staggering 195% rise this year, leaving investors and analysts alike in awe. The index, which tracks the performance of the six largest memecoins - Dogecoin, Shiba Inu, Pepe, dogwifhat, Floki, and Bonk - provides a market value-weighted overview of their price performance.

MarketVecto's memecoin index has sparked optimism among investors, with its component weights capped at 30% for each asset. Dogecoin leads the pack with a 30.77% weighting, followed by Shiba Inu (28.34%), Pepe (14.51%), dogwifhat (12.54%), Floki Inu (7.14%), and BONK (6.7%). The annual price charts of these altcoins reveal an extraordinary bull run, with gains ranging from 102.82% to a staggering 5474.23%.

Dogecoin, the largest memecoin by market value, has seen a 102.82% increase in its price over the past year, despite a 1.92% decrease in the last 24 hours. Shiba Inu, self-proclaimed "Dogecoin killer," has experienced a 159% value increase annually, with a 0.76% decrease in the last 24 hours. PEPE, the third largest memecoin, has recorded a remarkable 338% rise annually, with a 4.26% increase in the last 24 hours.

Other notable memecoins include WIF, which has risen by 1615.28% since its launch in November last year, and BONK, which has seen a staggering 5474.23% increase over the last year. As the memecoin index continues to make waves in the market, investors are eagerly watching these altcoins' performance, hoping to capitalize on their potential for high returns. With Bitcoin yet to experience a halving rally after its 4th block reward halving, the future looks bright for these memecoins.