CoinGecko’s report revealed that memecoins
CoinGecko’s report revealed that memecoins dominated 31% of crypto narratives in 2024, a growth of almost 4 times compared to the previous year’s 8.32%. Initially driven by dog-themed coins, memecoins expanded into other territories, including animal- and personality-themed tokens. The primary memecoin narrative, accounting for 14.36% of investor mindshare, was followed by Solana memecoins (7.65%), Base memecoins (2.13%), AI memecoins (1.49%), and cat-themed memecoins (1.19%).
According to data from Artemis, memecoins were the third most profitable narrative, generating an average yearly return of 201%. AI tokens experienced a decline in performance this year, mainly due to Worldcoin’s WLD 39% drawdown.
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