The post Memes will increase their share of crypto market size in the coming years appeared on BitcoinEthereumNews.com.

Meme tokens are here to stay and will keep increasing their share of the crypto market. At the end of 2024, meme assets are valued between $50B and $60B, still getting the biggest boost from Dogecoin (DOGE).  Meme tokens may continue to grow their influence in the crypto market, growing their share of total market capitalization. Research by ArcStream Capital suggests the meme token market is not done growing and may reach a 3.54% share of the crypto market in 2025.  ArcStream divides the meme market into three major periods – a prolonged latent period from 2013 to 2019, followed by sporadic meme launches from 2020 to 2022. The most intriguing period started in 2023-2024, where memes separated into a new asset category. While earlier tokens like ShibaInu (SHIB) and Floki (FLOKI) tried to seek utility through DeFi and gaming, newer memes were pure image, building communities on nothing but hype.  Two years ago, the share of memes was only 0.83%, and most of the attention was on serious utility projects. Now, memes have their own categories, with each closely watched for the formation of cults or for low-quality rug pull tokens.  Meme tokens split into animal memes, PolitiFi, and lately, AI-derived assets. An additional category rose with the introduction of SPX6900, aiming to build a cult through content and irrational holding.  Meme tokens support higher trading activity ArcStream noticed the daily turnover of meme tokens was 11%, surpassing several other categories. DeFi tokens saw a turnover of 5%, 7% for L2 tokens, and only 4% for L1.  On a regular day, there are three high-volume memes among the top 20 most actively traded tokens. Those include Dogecoin (DOGE), SHIB, DogWifHat (WIF), as well as Pepe (PEPE).  The biggest attraction of meme tokens was their ability to accrue market value…

---

Filed under: News - @ November 5, 2024 8:28 pm