Meme Coin Trends Surge in 2024, Capturing 30% of Investor Attention Across Crypto

2024 noticed huge positive aspects for the crypto market, however meme cash dominated the narrative.

Owing to its notable resurgence, a number of meme cash even emerged as a number of the top-performing cryptocurrencies of the 12 months, contributing to the rise of recent crypto millionaires alongside the best way.

Speculative Meme Cash Take Over Crypto

In line with CoinGecko’s report, meme cash captured greater than 30% of the worldwide investor curiosity, which was distributed throughout the central area of interest narrative and 25 totally different tendencies associated to them.

This means that almost one-third of the main target in crypto was on speculative investments, the place fundamentals took a again seat, with the market quickly diversifying from dog-themed cash to different meme tokens impressed by animals and public figures.

The first meme coin narrative itself emerged as the preferred, accounting for 14.36% of complete crypto narrative curiosity, reflecting a substantial 6.04 share level rise from final 12 months’s 8.32%. Except for the overarching meme coin class, different particular tendencies additionally gained consideration.

Solana-based meme tokens secured 4th place with 7.65% of the narrative curiosity, whereas Coinbase-incubated Ethereum Layer 2 Base belongings ranked eleventh at 2.13%. In the meantime, AI-themed and cat-centric meme cash rounded out the highest 20, with 1.49% and 1.19% of curiosity, respectively.

AI, RWA, DePIN Trails Behind

The substitute intelligence (AI) narrative was one other distinguished matter within the crypto market in 2024, attracting a complete of 15.67% of investor curiosity throughout the final AI narrative and 5 different AI-related sub-trends. The principle AI narrative ranked second total, holding 12.58% of investor consideration.

Whereas this represented a 1.26 share level improve from final 12 months’s 11.32%, it was nonetheless overshadowed by the meme coin narrative when it comes to reputation.

The real-world assets (RWA) and DePIN narratives have been among the many most notable tendencies to expertise a surge in curiosity in 2024 in comparison with the earlier 12 months. The RWA narrative noticed its share of investor focus rise by 2.16 share factors, from 6.48% in 2023 to eight.64% in 2024, which additionally boosted its rating from sixth to third.

Equally, the DePIN narrative noticed a optimistic shift, with its share of curiosity rising by 1.56 share factors, permitting it to climb from thirteenth to eighth place. Then again, the GameFi narrative confronted a decline in reputation, as its share dropped by 6.77 share factors, from 10.49% in 2023 to three.72% in 2024.