The post Why They Are Surpassing Other Crypto Sectors? appeared on BitcoinEthereumNews.com.

Meme tokens market share rose from 0.87% in 2022 to 2.58% in 2024. Animal and cult-themed Meme tokens show stronger long-term potential. Within the changing landscape of cryptocurrency, the meme sector has created a unique place from a niche idea into a well-known segment with great value. Its trip started modestly in 2013 and then went slowly till 2019. From 2020 to 2022, the industry then entered a volatile phase distinguished by rapid developments and an explosion of new initiatives and tokens. Meme has already thoroughly established itself as a stand-alone sector with a devoted fan base able to fight with other significant sectors inside the crypto market in 2023–2024. Meme Tokens: High Liquidity and Growing Investor Interest Drive Market Dominance  With a daily trading volume of about $5 billion and a total market value of almost $50 billion, meme tokens today exceed the magnitude of several other crypto markets, according to ArkStream Capital. Meme’s outstanding trading volume highlights both its liquidity and popularity, therefore exceeding other industries in terms of activity. Though new meme tokens are often flooding the market, only a small number have survived and became well-known long-term players, attracting both investor and enthusiast interest. Meme’s daily turnover rate—about 11%—a startling statistic when compared to other cryptocurrency markets, including DeFi (5%), Layer 2 solutions (7%), and Layer 1 protocols (4%), highlights its great liquidity. One of the most active and easily accessible parts of cryptocurrency nowadays, this notable turnover rate reflects the great user interest and regularity of trading in Meme tokens. The increased trading activity indicates great passion and involvement among traders, who are usually buying and selling Meme tokens in reaction to changes in the market. Leveraged Growth Potential and Niche Appeal Fuel Popularity  Meme is special in that it might be a leveraged Layer…

---

Filed under: News - @ November 7, 2024 9:22 am