With new meme coin ecosystems rapidly forming, and with a smorgasbord of new projects launching, the meme coin segment of crypto is heating up yet again, leading some (including yours truly) to wonder whether a new crypto bull market is emerging. Given that classic meme coins like Dogecoin (CRYPTO: DOGE) climbed by 17% in the week ending Sept. 24, there’s already plenty of evidence that the market is in a speculative mood.

Let’s take a look at what’s going on right now in the meme coin space, and then examine some historical data to see what we can glean about where the crypto market will go next.

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