How#2024Became the Year of Meme Cryptocurrencies
Despite being around for over a decade,#memecoinshave come to define 2024 much like ICOs dominated 2017 and#NFTsdominated 2021.#Memecoinshave left their mark on the digital asset industry and aren’t going anywhere, sparking conversations about how the digital asset landscape should view them moving forward.
The popularity of#memecoinshas exploded this year.
Dozens of new memecoins — inspired by pygmy hippos, political candidates, artificial intelligence, and more — have soared in value from the thousands that have flooded the market thanks to new, accessible launch platforms like Pump.fun.
Solana, the world’s third-largest blockchain by market cap, has been the preferred network for these new tokens. Solana saw nearly half a million tokens launched last month, more than any other blockchain at the time, and it went on to dominate 455,000 new token launches in May alone, more than any other blockchain at the time. 87% of new tokens will appear on decentralized exchanges by October. Base came in second in terms of new tokens on DEXs, contributing 32,410 as of December 9.
#BtcNewHolder #BinanceSquareTalks #BinanceSquareFamily #bitcoin
