CoinGecko: Meme Coins Are #1 Trend in 2024, Solana Dominates

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As a seasoned analyst with decades of experience in the ever-evolving world of cryptocurrencies, I must say that 2024 has been an intriguing year indeed. The rise of meme coins, particularly those feline varieties, has taken the market by storm, leaving even the most hardened investors scratching their heads in bewilderment.

2024 has been formally declared as the year for “unconventional” or “non-traditional” investors, according to CoinGecko’s traffic analysis. It appears that 31% of investors are showing a preference towards meme coins such as DOGE and PEPE, with these coins receiving more attention than Bitcoin from one out of every three users.

In simpler terms, Solana remains the leader in its field, as it supports tokens such as BONK, WIF, POPCAT, and PNUT. Meanwhile, Base takes the second spot with a market capitalization of approximately $2.6 billion for its meme coin category.

This year, we’re also seeing some notable trends in the world of cryptocurrency, such as the integration of artificial intelligence (a surprising development!), real-world asset adoption (RWA), a focus on gaming, and the implementation of Layer-2 solutions.

Cats Over Dogs, Memes Over NFTs

In simpler terms, meme coins related to broader trends accounted for about 14.36% of CoinGecko’s user focus. Solana-based meme coins ranked fourth in popularity, capturing approximately 7.65%, while Base meme coins were less highlighted with around 2.13%.

Shockingly, cats have overthrown dogs and frogs—talk about man’s best friend! While canine meme coins boast a $74B market cap, tokens like POPCAT, MOG, PURR, and MEW piqued degens’ curiosity this year. 

Investors don’t all favor speculative assets promising instant wealth; instead, they show interest in the AI narrative, RWA, and the Solana ecosystem as a whole. Additionally, networks like Base, Sui, and TON have garnered attention from the community, as evidenced by the performance of their respective tokens, BASE, SUI, and TON.

In the previous year, Artificial Intelligence (AI) was the most talked-about subject. Unlike Base, Sui, TON, and others, the Solana ecosystem stood out significantly, rarely appearing in the same conversation as the top 20 contenders. Unfortunately, Non-Fungible Tokens (NFTs), particularly those featuring pixelated monkey portraits, lost their appeal due to a lack of practical use value.

In fact, 96% of NFTs are now ‘dead.’ Zero trading and social media activity. We’re appealed and flabbergasted (not really).

WEPE Leads a Revolution to Democratize Trading

giants such as PEPE have provided substantial profits to their holders this year. Moreover, the growing fascination towards meme coins can be seen through the success of emerging projects.

Specifically, Pepe Unchained (PEPU) – a token that raised $70 million during its pre-sale – witnessed an impressive surge of more than 540% in value soon after its launch, making it the most popular token to browse on CoinMarketCap.

A rapidly growing project gaining popularity is Wall Street Pepe, or WEPE. At the moment, it’s being offered during pre-sale for $0.0003655, and it’s close to reaching a market capitalization of $36 million.

Wall Street Pepe is on a mission to combat insider trading. Their aim is straightforward: to make cryptocurrency investing accessible for all, empowering smaller investors with the essential know-how to compete with large players and thrive during market surges, or “bull runs.

Users who adopt early can deposit their WEPE tokens to earn a high annual percentage yield of approximately 36%. Out of the total token supply, 27% is allocated for various incentives within the Frog Army community, while an additional 38% will be utilized for marketing efforts. This strategic distribution is crucial in attracting the eager, decentralized finance (degen) community to embrace WEPE.

In just a short while from now, there will be another increase in price for WEPE. This might be the ideal moment to hop on board with our mission. To purchase WEPE, navigate to the presale website (remember to avoid fraudulent sites and only use the official link). Once there, connect your wallet and make a payment using ETH, USDT, or a bank card.

Meme Coins Prove Their Worth

According to a CoinGecko report, not every meme coin is overhyped, short-lived, or without value—at least that’s the case for some projects like Wall Street Pepe. This specific project emphasizes education and community building, moving away from outdated stereotypes, and making it one of the top meme coins in 2024.

Instead of just trusting us, do your own research, spread your investments, and avoid getting caught up in fear of missing out. Over the years, we’ve found that a clear, rational mind is the most precious tool in navigating market cycles.

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2024-12-25 11:42