Memecoin is currently exploding, with profits of thousands of percent, surpassing both BTC and ETH.
top two coins by market capitalization
Here Are 3 Of Some MemeCoins That Are Going To See Huge Growth In 2024:
Memecoin Gains
NEURO 54.702%
TREES 15.231%
TURBO 2.517%
Notably, the strongest growing coin this year is memecoin
As of October 21, the total value of the memecoin market was $64.7 billion. However, 2024 has not been all smooth sailing, with some assets struggling. AEVO is the biggest loser, down 87.02% since the start of the year, followed by STRK, down 86.29%.
Other coins like W and SAFE also dropped 78% and 70% in value respectively. Some other notable losers include WEMIX, DYM, EIGEN, HMSTR, and OSMO, many of which were recently launched.
Market capitalization of memecoin
The volatility in the meme coin market this year reflects a shift in investor sentiment toward high-risk, high-reward opportunities. While major coins like BTC and ETH have shown steady growth, memecoins have attracted investor attention due to their ability to generate quick profits.
These gains demonstrate that there is still a strong market interest in seeking returns, despite the inherent risks of newer and lesser-known assets.
INVESTORS HAVE A PRODUCTIVE TRADING DAY