Recent data from Artemis reveals that meme coins have achieved an average return of 103% over the past 30 days, significantly outpacing the broader cryptocurrency market's 16.1% return. This surge underscores the growing investor interest in these digital assets.
DOGE and PEPE Lead Memecoin Rally
Among the top-performing memecoins, Dogecoin (DOGE) and Pepe (PEPE) have experienced substantial gains. DOGE has risen by 196.1%, while PEPE has increased by 115% during this period. These impressive returns highlight the speculative appeal and volatility inherent in memecoin investments.
Election-Related Memecoins Experience Post-Election Decline
Memecoins associated with the U.S. election have faced significant declines following the event. This trend suggests that the value of certain memecoins is closely tied to specific events or narratives, leading to heightened volatility.
Investor Engagement with Memecoins on the Rise
Data from Kaito AI indicates that as of November 14, memecoins have captured nearly 24% of investor attention. Approximately one-quarter of cryptocurrency investors are discussing memecoins on platforms like X (formerly Twitter), reflecting the growing prominence of these assets in the crypto community.
