For years, the crypto sector has accustomed us to rapid developments, but 2024 marks an unprecedented change with the extraordinary rise of memecoins. Initially regarded as curiosities or digital jokes, these assets have now exploded onto the global financial scene, attracting a massive wave of investors. With a capitalization that has jumped nearly 400 %, memecoins are no longer mere cultural phenomena, but economic forces in their own right.
An exponential growth driven by unprecedented performances
Since the beginning of the year, memecoins have seen their collective value rise from $23.55 billion to $117.28 billion, with an incredible growth of $93.73 billion. At the forefront of this revolution are assets like Gigachad (#GIGA ), which boasts an exceptional increase of 117,429 %, and Degen (#DEGEN ), with a spectacular rise of 116,360 %. These figures reflect an unprecedented enthusiasm, fueled by the growing popularity of these tokens. According to data, “the transaction volume related to memecoins alone represents 17.75 % of the total trading volume in a single day.” A statistic that demonstrates the growing interest in these assets, which have long been perceived as niche products.
Historical players, such as Dogecoin ($DOGE ) and Shiba Inu ($SHIB ), also continue to play a central role in this success. Dogecoin, dubbed “the grandfather of memecoins”, saw its capitalization increase by 298.79 % this year, while Shiba Inu recorded a notable rise of 124.95 %. These performances reflect resilience, but also a capacity to capture the attention of new categories of investors eager for quick returns in a constantly changing market.
#DOGE #SHIB #NextMarketMoves

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Gigachad (#GIGA ) Inspired by a cult meme source and launched on the Solana blockchain, Gigachad (GIGA) took the top spot of the day with a 30 percent increase in the last 24 minutes. With this increase, GIGA also reached its all-time high (ATH).
According to CoinGecko systems, GIGA recorded a trading volume of $ 12 million in the last 24 hours. GIGA's market value exceeded $ 381 million.
Popcat (#POPCAT ) Another memecoin on the Solana block, Popcat (POPCAT), was the second highest-rising altcoin of the day. POPCAT, which emerged from a popular cat breed, increased by 22 percent in the last 24 hours.
POPCAT carried a trading volume of $ 157 million in the last 24 years and reached a market value of $ 1.223 billion.
DOG-GO-TO-THE-MOON (#DOG ) Built on Bitcoin's Runes protocol, DOG-GO-TO-THE-MOON (DOG) has risen by 18.8 percent in the last 24 years. DOG, one of the popular memecoins on the Bitcoin network, was at the top of the day.
DOG, which has a market value of $393 million, recorded a trading volume of $10 million in 24 hours.
Bittensor (TAO) Bittensor (TAO), which stands out in the field of artificial intelligence, became the fifth highest-rising altcoin of the day with a 14.8 percent increase in the last 24 minutes. The popular artificial intelligence coin rose by 134 percent in a month.
TAO, which recorded a trading volume of $291 million in the last 24 years, has a market data of $4.323 billion.
Saga (#SAGA ) Saga ($SAGA ), which enables the creation of a secure and scalable blockchain ecosystem, is gaining significant momentum after a long period of silence. The blockchain initiative, which focuses primarily on gaming, has increased by 13.5 percent in the last 24 years.
SAGA has supported $120 million in transaction volume and reached $260 million in market information in the last 24 years

#altcoins

Grass (#grass ) Grass, which builds web browsing over the open internet, is emerging at the forefront with its network models and artificial intelligence initiatives. The new player of the crypto company is supported by more than 3 million users. GRASS, which was launched on October 28, managed to reach the top. GRASS, which is the highest rising altcoin of the day, has increased by 61 percent in the last 24 years.
According to CoinGecko systems, GRASS recorded a trading volume of $ 373 million in the last 24 hours. GRASS's market value exceeded $ 447 million.
Gigachad (#GIGA ) Gigachad (GIGA), a popular memecoin in the market on the Solana blockchain, has managed to create a significant community. GIGA, which continues its rise with the said community, has increased by 20.9 percent in the last 24 years.
GIGA, which has a market value of $ 627 million, recorded a trading volume of $ 11.76 million in the last 24 days.
Raydium (#RAY ) Solana blockchain's popular decentralized exchange Raydium (RAY) managed to be at the top of the day. The popular cryptocurrency increased by 14.1 percent in 24 hours.
RAY, which has recorded a trading volume of $ 202 million in the last 24 years, has a market record of $ 934 million.
Apu Apustaja (APU) APU, a different feature of Pepe the Frog, stands out with its being the first example and creating a large community. APU, which has increased by 11 percent in the last 24 years, managed to be at the top of the day.
APU, recorded a trading volume of $ 8.2 million in the last 24 hours and reached $ 247 million in market products.
#APU #altcoins

Memecoins Memecoins, a crypto sector division classification category, recorded a growth in cultivation areas. “Uptober” products and the memecoin category with good performance generally increased by 41 percent. While Dogecoin (#DOGE ) and Shiba Inu ($SHIB ) gained significant momentum, memecoins in the new market attracted great attention in the market.
The best performance in October days was SPX6900 (SPX). The memecoin, which was launched in dedication to S&P500, managed to go viral in a short time. SPX increased by 287.5 percent in the last month.

According to CoinGecko systems, other memecoins that rose the most in “Uptober” are as follows;
RETARDIO up 201.3 percent PUPS up 182 percent #GIGA up 167 percent FWOG up 150 percent HOPPYup 109 percent NFT Coins NFTs, which reached millions in the previous bull run, were quickly left on the dusty shelves of history where they bled. With the rise of cryptocurrencies that made NFTs more stable and usable, the sector managed to revive.
Blur and ApeCoin in particular paved the way for the rise of the NFT category. The NFT category saw a growth of 16.5 percent in the planting regions.
In October, the NFT and memecoin project RETARDIO took the top spot with a 195.5 percent increase.
Other NFT coins that left their mark on the “Uptober” month are as follows;

ApeCoin ($APE ) up 45 percent SuperVerse (SUPER) up 27.1 percent Memecoin ($MEME ) up 20.8 percent Smooth Love Potion (SLP) up 15.2 percent SPACE ID (ID) up 13.4 percent.
#ApeCoin #MEME #binance