2024 noticed large beneficial properties for the crypto market, however meme cash dominated the narrative.
Owing to its notable resurgence, a number of meme cash even emerged as a few of the top-performing cryptocurrencies of the yr, contributing to the rise of recent crypto millionaires alongside the way in which.
Speculative Meme Cash Take Over Crypto
Based on 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 completely different tendencies associated to them.
This implies that almost one-third of the main focus 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 most well-liked, accounting for 14.36% of complete crypto narrative curiosity, reflecting a substantial 6.04 proportion level rise from final yr’s 8.32%. Other than 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 property 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 unreal intelligence (AI) narrative was one other distinguished subject 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 primary AI narrative ranked second general, holding 12.58% of investor consideration.
Whereas this represented a 1.26 proportion level improve from final yr’s 11.32%, it was nonetheless overshadowed by the meme coin narrative when it comes to recognition.
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 yr. The RWA narrative noticed its share of investor focus rise by 2.16 proportion 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 proportion factors, permitting it to climb from thirteenth to eighth place. Alternatively, the GameFi narrative confronted a decline in recognition, as its share dropped by 6.77 proportion factors, from 10.49% in 2023 to three.72% in 2024.
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2024 noticed large beneficial properties for the crypto market, however meme cash dominated the narrative.
Owing to its notable resurgence, a number of meme cash even emerged as a few of the top-performing cryptocurrencies of the yr, contributing to the rise of recent crypto millionaires alongside the way in which.
Speculative Meme Cash Take Over Crypto
Based on 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 completely different tendencies associated to them.
This implies that almost one-third of the main focus 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 most well-liked, accounting for 14.36% of complete crypto narrative curiosity, reflecting a substantial 6.04 proportion level rise from final yr’s 8.32%. Other than 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 property 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 unreal intelligence (AI) narrative was one other distinguished subject 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 primary AI narrative ranked second general, holding 12.58% of investor consideration.
Whereas this represented a 1.26 proportion level improve from final yr’s 11.32%, it was nonetheless overshadowed by the meme coin narrative when it comes to recognition.
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 yr. The RWA narrative noticed its share of investor focus rise by 2.16 proportion 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 proportion factors, permitting it to climb from thirteenth to eighth place. Alternatively, the GameFi narrative confronted a decline in recognition, as its share dropped by 6.77 proportion factors, from 10.49% in 2023 to three.72% in 2024.
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LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE place on any coin!
