DOGE and SHIB account for nearly 57% of memecoin market dominance.
Mid-cap meme coins like PEPE and WIF may rise post-DOGE rally.
New investors are reshaping the memecoin market landscape in 2024.
As the 2024 meme coin market nears its 2021 peak, a massive power shift is on the horizon. Established meme coins like DOGE and SHIB remain dominant, but mid-cap tokens, often seen as the “mid-tier” meme coins, are gaining attention and market share.
https://twitter.com/defi_monk/status/1851713110232400080
Analysts believe a renewed DOGE rally could have a significant impact on this emerging sector, driving growth in tokens like PEPE, WIF, and POPCAT. With investor sentiment shifting and sidelined capital re-entering the market, the meme coin ecosystem appears ready for its next big cycle, with DOGE leading the way.
Renewed interest in OG meme coins like DOGE comes alongside key events like the upcoming U.S. elections and the rallies led by Trump and Elon Musk. For investors seeking diversification, this trend has created potential opportunities for mid-cap meme coins.
While DOGE and SHIB still hold nearly 57% of the memecoin market, a notable shift in ma…
The post Mid-Cap Meme Coins Poised for Growth as DOGE Rallies appeared first on Coin Edition.
