2024 is officially the year of degens. CoinGecko traffic analysis revealed that meme coins captured 31% of investor interest. This means every third user favored DOGE and PEPE over BTC.
Solana, hosting tokens like BONK, WIF, POPCAT, and PNUT, still dominates the sector. Base is a runner-up with a $2.6B meme coin market cap.
Other crypto trends this year include AI (who would’ve thought), real-world assets (RWA), gaming, and Layer-2 solutions.
Cats Over Dogs, Memes Over NFTs
The broader ‘meme coin’ narrative took a 14.36% share of CoinGecko’s user attention. Solana meme coins were the fourth most-hyped thing, grabbing 7.65% of the spotlight, while Base meme coins were way down the list with 2.13%.
Shockingly, cats have overthrown dogs and frogs—talk about man’s best friend! While canine meme coins boast a $74B market cap, tokens like POPCAT, MOG, PURR, and MEW piqued degens’ curiosity this year.
But not all investors go for speculative assets promising quick riches. The AI narrative was a close second, followed by RWA and the Solana ecosystem in general. Base, Sui, and TON networks have also caught the community’s eye, which is reflected in BASE, SUI, and TON token performance.
Last year, the hottest topic was AI. The Solana ecosystem was also trending, unlike Base, Sui, and TON that came nowhere close to the top 20. NFTs fell out of fashion—the novelty of owning a pixelated monkey portrait with no utility quickly wore off.
In fact, 96% of NFTs are now ‘dead.’ Zero trading and social media activity. We’re appealed and flabbergasted (not really).
WEPE Leads a Revolution to Democratize Trading
Titans like PEPE brought their holders massive gains this year. But heightened interest in meme coins is also evident from the performance of new projects.
Namely, Pepe Unchained (PEPU), which recently netted $70M on presale, surged over 540% shortly after listing and became the single most-visited token on CoinMarketCap.
Another project that’s quickly going mainstream is Wall Street Pepe (WEPE). Currently selling at $0.0003655 on presale, it’s nearing the $36M milestone.
Wall Street Pepe is on a crusade against insider trading.
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Author: Lora Pance
