Survey Reveals MOODENG is Retail Investors' Favorite Meme Coin
A recent social media survey by prominent crypto influencer Rasmr has shone light on unexpected insights into mainstream interest in meme coins. The poll targeted retail investors outside of crypto, or what some would colloquially term “normies.”
The survey’s results showed that MOODENG was leading the pack of new entrants in the crypto space, with BILLY in second place, and GIGA in third. In positions four and five were SIGMA and MICHI, while Pepe, Trump, and Wif were also among the extended list of 20 contenders.
This increase in the popularity of meme coins is taking place during a period of great stability for Bitcoin, which has traded between $50,000 and $69,000 for nearly eight months. Despite geopolitical tensions in the Middle East and decisions by the Federal Reserve, Bitcoin's resilience managed to create a perfect environment for alternative cryptocurrencies to thrive.
This has been particularly true of the Solana blockchain, which has emerged as the default choice for meme coin projects because of its low transaction fees and high processing power. Platforms such as Pump.fun provide a democratization whereby almost anyone can create and deploy a meme coin.
