Meme Coins Overtake BTC, BNB in Popularity Among Crypto Holders: Binance

Cryptocurrency fanatics are turning to meme cash over conventional property like Bitcoin (BTC) and Binance Coin (BNB), in accordance with the most recent research carried out by Binance.

The findings, launched on December 18 as a part of the Binance International Person Survey, sampled over 27,000 clients throughout Asia, Australia, Europe, Africa, and Latin America.

Meme Cash Outpace Bitcoin and Ethereum

Binance revealed that 16% of respondents reported holding meme cash, making them the most-owned cryptocurrency amongst contributors. The report confused that these digital property usually are not solely broadly held but in addition generate important pleasure amongst customers concerning their future potential within the crypto area.

Bitcoin adopted carefully, with 14.4% proudly owning the unique cryptocurrency, whereas BNB ranked third with 14.23%, surpassing Ethereum (ETH), which accounted for 10.95% of customers’ holdings. Different main layer-1 tokens collectively represented 10.38% of consumer wallets.

Whereas the trade didn’t disclose the worth of holdings, exterior data from CoinGecko reveals the full market cap for meme cash stands at $116.5 billion, with Dogecoin (DOGE), the most important capped amongst them, buying and selling at $0.365.

Alternatively, Bitcoin’s market cap exceeds $2 trillion and is at present buying and selling at $101,900, following a current all-time high of $108,000 on December 17.

Crypto Market Expectations and Person Developments

The Binance survey additionally sheds mild on contributors’ expectations for the crypto business heading into 2025.  Among the many pollees, 19.39% foresee elevated regulatory oversight, whereas 16.1% predict rising involvement from conventional monetary establishments and institutional buyers. One other 16.51% anticipate broader implementation of blockchain know-how in sensible purposes.

Rising asset classes are additionally producing buzz, with artificial intelligence (AI) tokens predicted to dominate the market within the coming 12 months. 23.89% of respondents consider such cryptocurrencies will lead market progress by the top of 2025, whereas 19.09% anticipate meme cash will proceed to dominate. Decentralized finance (DeFi) and layer-1 tokens adopted at 12.37% and 12.28%, respectively.

The research additionally highlights the inflow of individuals into the crypto area, with about 45% of interviewees saying they entered the market in 2024. Of those, 24.52% joined throughout the previous six months, and 20.60% acquired in throughout the previous 12 months.

Regardless of this improve in newcomers, 41.86% of these polled have been lively for one to 5 years, indicating a balanced mixture of expertise ranges within the Binance buyer base.

Concerning funding allocation, 43.97% of the customers reported dedicating lower than 10% of their general wealth to crypto, whereas 24.33% allotted between 10% and 25%. Moreover, buying and selling exercise stays important, with 31.09% partaking in every day trades and 22.91% buying and selling weekly.