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😱😱😱Meme Coins Explode in the First Quarter of 2024 as the Number of Traders Reaches a Record Level
Coingecko's recent study shows that the most popular crypto narratives are the 1st of 2024. It shows its performance in the quarter. March January 1st and March 31st Dec analysis focused on the narratives based on the platform's data on the average daily price returns of the 10 largest tokens in the quarter.
The study reveals that meme coins were the most profitable crypto currency of the quarter and recorded the highest average return with 1,312.6%.
Also, 1. Three of the top performing meme coins at the end of the quarter were projects launched only in March, including the MEME BOOK (#BOME ), Cat in the Dog World (MEW) and Brett (BRETT).
Other similar meme coins have also been constantly referenced on social media, as community members and experts post price estimates, speculation or report on their pumps.
In addition, cryptocurrencies at the pre-sale stage, such as Dogecoin20 (DOGE20), have attracted significant interest from investors. This is an environmentally friendly take on the traditional #Dogecoin running on Ethereum. DOGE20 raised over $10 million in a few days before the sale.
Meme Coins Traders Hit An ATH
The meme coin sector has exploded in 2024, not only in terms of interest and financing, but also in terms of the number of new meme coin traders.
The number of new projects, combined with stories about light-changing acquisitions and high percentages of projects such as the MEME BOOK and Dogwifhat, may have played a role in attracting new buyers.
