The post Plus Wallet vs Coinbase Wallet; Insights on Growing Memecoin Market Cap appeared on BitcoinEthereumNews.com.

Recent reports reveal that the memecoin market cap has reached $127.6 billion, now making up 11% of the crypto market. This impressive growth has also fueled demand for efficient digital crypto wallets that help users manage their holdings and stay connected to the market with ease.   Plus Wallet meets this demand, offering 15-minute token listings—far quicker than the industry standard—along with strong security and cross-chain access, in an easy-to-use mobile app.  Meanwhile, Coinbase is boosting blockchain use in Southeast Asia with new stablecoins for Thai baht and Philippine pesos. It plans to leverage Coinbase Wallet to facilitate faster and more efficient transactions in the region.  Memecoin Market Cap Hits $127.6 Billion In 2024, memecoins have captured 11% of the crypto market, with a memecoin market cap of $127.6 billion. This marks a strong presence early in the bull market, with Mog Coin and GmeStop seeing significant gains, driven in part by influencer activity.  Dogecoin, still holding the seventh spot in market cap, has surged 351% this year, though it’s still below its all-time high. While memecoins may lack inherent value, they’ve contributed to strengthening networks like Solana. The rise in the memecoin market cap highlights their growing influence in the broader crypto sector. Coinbase Wallet Expands Blockchain in Southeast Asia Coinbase is expanding in Southeast Asia by introducing stablecoins tied to the Thai baht and Philippine peso. Instead of directly entering these markets, Coinbase is focusing on its Coinbase Wallet and the Base blockchain platform. These tools will help local developers create blockchain solutions for the new stablecoins, making transactions faster, cheaper, and easier.  Coinbase plans to hire leaders in Thailand and the Philippines to collaborate with developers, regulators, and creators to drive blockchain adoption and innovation in the region. The Coinbase Wallet is a key part of this strategy,…

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Filed under: News - @ December 9, 2024 2:25 pm