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Searches for ‘meme coin’ have trended, reaching 100 points on Google. After several meme coin cycles, the term is showing signs of mainstream interest.  Searches for ‘meme coin’ on Google hint at widening mainstream interest. Both meme coin and meme coins searches are up to their highest level in five years.  Searches for ‘meme coin’ and ‘meme coins’ signaled expanded mainstream interest in the crypto meme space. | Source: Google Trends This time around, search engine interest is even higher than during the 2021 bull market. At that time, most of the activity was concentrated on NFT, and there were only a handful of meme tokens. The available Web3 and wallet infrastructure was also more difficult to access.  The searches suggest that outsiders may be discovering crypto for the first time, as they do not use the term ‘meme token’. There are very few meme coins that still rely on mining, while most available assets are actually tokens on various networks. However, buyers spend a short time thinking about the actual chain, and more about the trading opportunities.  A similar trend is present for YouTube searches, which add another layer of influence. Meme coins are now moving at warp speed, not even relying on KOLs and shillers. Instead, new memes are created so fast that the original creators and communities retain control for much longer. In the past weeks, tokens have also risen much faster, with the top memes easily reaching valuations of $500M to $1B.  The mainstream expansion to meme coins coincides with more crypto players turning their attention to this type of asset. Binance increased its listings for several high-profile tokens. Coinbase also added meme leaders like Pepe (PEPE), and Robinhood increased the outreach of ShibaInu (SHIB) by adding it to its investment app.  New token launches won’t…

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Filed under: News - @ November 21, 2024 7:31 pm