Meme coins have dominated the cryptocurrency space for a while. Some assets like Shiba Inu (SHIB), Dogecoin (DOGE), and PEPE have made it into the top 20 throughout the year. DOGE, in particular, topped the list with its latest price action. It seems that the community at large has been leaning towards the meme coin market.
A recent study by Binance, a cryptocurrency exchange, highlights this growth. More than 27,000 users from Asia, Australia, Europe, Africa, and Latin America were sampled for the survey.
According to the report, cryptocurrency holders have more meme coins in their wallets than Bitcoin. Meme coins are the most popular cryptocurrency among respondents, with 16% reporting that they hold them. With 14.4% of participants reporting that they have some in their wallets, Bitcoin ranks second. The exchange stated:
The survey results show that meme coins are not only popular in terms of current holdings but are also the type of digital asset that users are very much looking forward to in the future.
Additionally, ETH, which accounts for 10.95% of the total holdings of survey respondents, has been surpassed by BNB. Together, other top layer 1 tokens account for 10.38%.
AI Tokens Will Dominate 2025
Speaking of meme coins, respondents to the Binance study expressed optimism that meme coins will lead the market by 2025. About 23% of respondents indicated that they believe AI tokens will drive market expansion in the coming year, placing them at the top of the list.
But meme coins are not being overlooked. Binance elaborated on this,
Meme coins rank second, with 19.09% of respondents indicating that they trust in their price growth potential, followed by DeFi tokens at 12.37% and layer 1 tokens at 12.28%.