The post Memecoins led the 2024 narrative – Will the new hype survive 2025 appeared on BitcoinEthereumNews.com.

This year, the most well-known silly currencies (Memecoins) in the crypto industry have performed surprisingly well. Ironically, in some cases, they have even outperformed the market giants, such as Bitcoin, during the infamous November rally following Trump’s victory. For investors who desire to pursue high-profit opportunities in the crypto industry, memecoins remain a significant point of interest. This is due to their potential for both volatility and potential returns.  Although memecoins are worth fractions of pennies individually, their total value sometimes runs to billions. Memes are the main direction of 2024 🧐 Alas, while the fundamental is resting, memes are accelerating only on the way. Since the beginning of 2024, the total capitalization of memcoins has increased by $93.73 billion. pic.twitter.com/t6VjY2Rhpp — To The Moon | Altcoin Gems & BTC (@ToTheMoonMemeX) December 3, 2024 Still, according to Binance, memecoins listed in 2024 experienced a large market cap rise of 80%. This has highlighted the high reward potential of memecoins despite their inherent risks. Ben Kurland from DYOR Labs said, “Meme coins are the sugar rush of the crypto world  fun, flashy, and easy to digest, but they’re not exactly the healthiest long-term play.” 2024 has proven this statement as people have shown excitement for these coins, leading to a downside of great losses as well. Memecoins outperform other crypto entities  Following Trump’s victory, memecoins outperformed the broader crypto market. The aggregate market value of memecoins in crypto increased. Simultaneously, the trading volume in the sector also increased by more than 200%.  Memecoins market cap growth trend. Source: Coinmarketcap The recent increase in activity has taken the total market cap of the category to $120 billion. Price and market cap data about DOGE, SHIB, PEPE, BONK, and FLOKI. Source: Zebpay Dogecoin, the original memecoin, tops the list. It has gained popularity…

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Filed under: News - @ December 23, 2024 11:24 am