Memecoins dominate 2024: Growth 4 times, profits surpass AI

2024 saw memecoins rise to prominence, attracting 31% of investor attention, outpacing even the artificial intelligence (AI) trend. Memecoins have seen significant growth, with some memecoins increasing in value tenfold, although only 3% of memecoins promoted by influencers have achieved this increase. In fact, memecoin accounts for nearly 24% of investor interest, showing the strong appeal of this segment. Three prominent meme coins, WIF, PEPE, and BONK, all recorded impressive growth in 2024, with growth forecast to continue strong in the near future. The success of memecoins in 2024 is attributed to the ease of accessibility in creating new memecoins, leading to high trading volumes and a spike in overall earnings.