Thursday, June 26, 2025
Coin Insights
No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    Alchemy Pay and Xterio Partner to Enable NFT Purchases with Fiat and Cards

    Alchemy Pay and Xterio Partner to Enable NFT Purchases with Fiat and Cards

    Fan3 Brings Real Fans Back to the Front Row with Avalanche-Powered Platform

    Fan3 Brings Real Fans Back to the Front Row with Avalanche-Powered Platform

    From ‘Not a Fan’ to Crypto President—With His Own Meme Coin

    From ‘Not a Fan’ to Crypto President—With His Own Meme Coin

    Courtyard Tops Sales, CryptoPunks Dominate High-Value Trades

    Courtyard Tops Sales, CryptoPunks Dominate High-Value Trades

    NFT sales plunge 18% to $116.9m, Polygon beats Ethereum

    NFT sales plunge 18% to $116.9m, Polygon beats Ethereum

    Matt Furie NFTs Crater 97% After Mint Exploit

    Matt Furie NFTs Crater 97% After Mint Exploit

    Rekt Is Reaching the Masses

    Rekt Is Reaching the Masses

    FC Barcelona unveils Barca Pass crypto wallet, NFT avatars

    FC Barcelona unveils Barca Pass crypto wallet, NFT avatars

    Guild of Guardians Leads Despite Dip as SuperRare and Panini Skyrocket

    Guild of Guardians Leads Despite Dip as SuperRare and Panini Skyrocket

  • Gaming
    The Lords of Light’ Is Shutting Down

    The Lords of Light’ Is Shutting Down

    NeoDashboard introduces strategy card game “War on Bugs”

    NeoDashboard introduces strategy card game “War on Bugs”

    How Rektguy Stayed Relevant After the NFT Hype Crash

    How Rektguy Stayed Relevant After the NFT Hype Crash

    Fan3 Redefines Fan Engagement Through Blockchain Ticketing, Powered by Avalanche

    Fan3 Redefines Fan Engagement Through Blockchain Ticketing, Powered by Avalanche

    Endless Clouds Foundation Unveils $END as Premium Digital Coin for Treeverse

    Endless Clouds Foundation Unveils $END as Premium Digital Coin for Treeverse

    Alice Collective Enters Web3’s Retro Future With Persona Journey

    My Neighbor Alice Enters Web3’s Retro Future With Persona Journey

    What to Expect from the Bored Ape Telegram Sticker Drop

    What to Expect from the Bored Ape Telegram Sticker Drop

    Floki Inu Brings New Veras and Vera Essence to Valhalla Patch 0.35.0

    Floki Inu Brings New Veras and Vera Essence to Valhalla Patch 0.35.0

    B3’s Self-Destruct PC, Avalanche Battle Pass

    B3’s Self-Destruct PC, Avalanche Battle Pass

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Does DCA Mean in Crypto? A Simple Breakdown – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    A Step-by-Step Guide for Beginners

    Long and Short Positions in Crypto Explained for Beginners

    Long and Short Positions in Crypto Explained for Beginners

    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    Key Innovations, Challenges, and What Comes Next

    Key Innovations, Challenges, and What Comes Next

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    Alchemy Pay and Xterio Partner to Enable NFT Purchases with Fiat and Cards

    Alchemy Pay and Xterio Partner to Enable NFT Purchases with Fiat and Cards

    Fan3 Brings Real Fans Back to the Front Row with Avalanche-Powered Platform

    Fan3 Brings Real Fans Back to the Front Row with Avalanche-Powered Platform

    From ‘Not a Fan’ to Crypto President—With His Own Meme Coin

    From ‘Not a Fan’ to Crypto President—With His Own Meme Coin

    Courtyard Tops Sales, CryptoPunks Dominate High-Value Trades

    Courtyard Tops Sales, CryptoPunks Dominate High-Value Trades

    NFT sales plunge 18% to $116.9m, Polygon beats Ethereum

    NFT sales plunge 18% to $116.9m, Polygon beats Ethereum

    Matt Furie NFTs Crater 97% After Mint Exploit

    Matt Furie NFTs Crater 97% After Mint Exploit

    Rekt Is Reaching the Masses

    Rekt Is Reaching the Masses

    FC Barcelona unveils Barca Pass crypto wallet, NFT avatars

    FC Barcelona unveils Barca Pass crypto wallet, NFT avatars

    Guild of Guardians Leads Despite Dip as SuperRare and Panini Skyrocket

    Guild of Guardians Leads Despite Dip as SuperRare and Panini Skyrocket

  • Gaming
    The Lords of Light’ Is Shutting Down

    The Lords of Light’ Is Shutting Down

    NeoDashboard introduces strategy card game “War on Bugs”

    NeoDashboard introduces strategy card game “War on Bugs”

    How Rektguy Stayed Relevant After the NFT Hype Crash

    How Rektguy Stayed Relevant After the NFT Hype Crash

    Fan3 Redefines Fan Engagement Through Blockchain Ticketing, Powered by Avalanche

    Fan3 Redefines Fan Engagement Through Blockchain Ticketing, Powered by Avalanche

    Endless Clouds Foundation Unveils $END as Premium Digital Coin for Treeverse

    Endless Clouds Foundation Unveils $END as Premium Digital Coin for Treeverse

    Alice Collective Enters Web3’s Retro Future With Persona Journey

    My Neighbor Alice Enters Web3’s Retro Future With Persona Journey

    What to Expect from the Bored Ape Telegram Sticker Drop

    What to Expect from the Bored Ape Telegram Sticker Drop

    Floki Inu Brings New Veras and Vera Essence to Valhalla Patch 0.35.0

    Floki Inu Brings New Veras and Vera Essence to Valhalla Patch 0.35.0

    B3’s Self-Destruct PC, Avalanche Battle Pass

    B3’s Self-Destruct PC, Avalanche Battle Pass

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Does DCA Mean in Crypto? A Simple Breakdown – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    A Step-by-Step Guide for Beginners

    Long and Short Positions in Crypto Explained for Beginners

    Long and Short Positions in Crypto Explained for Beginners

    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    Key Innovations, Challenges, and What Comes Next

    Key Innovations, Challenges, and What Comes Next

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
No Result
View All Result
Coin Insights
No Result
View All Result
Home Bitcoin

Memecoins outperform Bitcoin: Is the spotlight shifting?

May 28, 2024
in Bitcoin
9
Memecoins outperform Bitcoin: Is the spotlight shifting?
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter
  • Memecoins have been the talk of the town this bull run and have performed well since late February.
  • There’s an allure to these tokens that solve nothing but still attract thousands of investors.

Memecoins have captured the public imagination and attention during this bull run, at least so far. Crypto analyst Joao Wedson pointed this out recently in a post on X (formerly Twitter).

In terms of price percentage change, memecoins have had the upper hand recently.

Does this mean memecoins are taking the spotlight away from Bitcoin? Will the public attention and capital inflows to the meme markets significantly impact Bitcoin’s demand?

Most memecoins are here one moment, gone the next

The recent trend of memecoins skyrocketing in the Solana ecosystem is a good example of how easy it is to create tokens and gain a small fraction of the public’s attention, even if it is for a brief moment.

Meme coins vs Bitcoin, performance

Source: Joao Wedson on X

However, from a market capitalization standpoint, memecoins are a tiny fraction of Bitcoin’s size. Since the dip on the 1st of May, Bitcoin has added $233 billion to its market capitalization.

In comparison, at press time, the top ten memecoins’ total combined market capitalization stood at $57.26 billion.

PEPE vs BTC on Santiment

Source: Santiment

The chart above showed that the social volume of Bitcoin (cyan) was 3135 on the 26th of May compared to 350 (yellow) for PEPE.

This is just one memecoin, not the whole sector, but the difference is still enormous considering PEPE gained 75% last week and is one of the hotly discussed memes online.

Therefore, social media engagement was still in favor of Bitcoin. Additionally, the derivatives and spot market of Bitcoin are likely too big for memecoins to meaningfully chip away at.

See also  Trump vs. Harris: Pompliano examines crypto's role in 2024 elections

The allure of memecoins

The number of cryptocurrencies in the market has increased drastically year after year. In January 2021, an estimated 4,154 tokens were in the market. In March 2024 that number has increased to 13,217, and counting.

Most of these tokens are based on vaporware, products that are promised to the public but never actually created. This huge dilution among altcoins is vastly different from the past two cycles.

OG crypto traders talk about tokens randomly popping off during a bull run and making triple-digit percentage gains within days.

The problem now is that with so many tokens around that have suffered at least one bear market, the crypto space is too saturated to see all of them trend higher during a bull run.

In that regard, memecoins are upfront and honest about their intentions. They bring a community together through jokes and vibes, promise no product expect a potential return on investment and some fun during the journey toward these gains.

Win or lose as a team of bag holders.


Read Pepe’s [PEPE] Price Prediction 2024-25


People who don’t have the time or know-how to weed through dozens, or even hundreds, of crypto tokens are naturally attracted to these down-to-earth meme tokens and willing to bet at least a small amount on them.

This is not to say that there aren’t tokens with good development teams that look to solve a defined problem, but it is harder for the public to find them. Perhaps that is why memecoins are outperforming other sectors so far.

Next: Bitcoin Rainbow Chart tells you that NOW is the time to buy BTC – Is it?

READ ALSO

Bitcoin nears $91K as buying pressure soars, but challenges emerge

Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice

  • Memecoins have been the talk of the town this bull run and have performed well since late February.
  • There’s an allure to these tokens that solve nothing but still attract thousands of investors.

Memecoins have captured the public imagination and attention during this bull run, at least so far. Crypto analyst Joao Wedson pointed this out recently in a post on X (formerly Twitter).

See also  VanEck: Why a Kamala Harris presidency could be better for Bitcoin

In terms of price percentage change, memecoins have had the upper hand recently.

Does this mean memecoins are taking the spotlight away from Bitcoin? Will the public attention and capital inflows to the meme markets significantly impact Bitcoin’s demand?

Most memecoins are here one moment, gone the next

The recent trend of memecoins skyrocketing in the Solana ecosystem is a good example of how easy it is to create tokens and gain a small fraction of the public’s attention, even if it is for a brief moment.

Meme coins vs Bitcoin, performance

Source: Joao Wedson on X

However, from a market capitalization standpoint, memecoins are a tiny fraction of Bitcoin’s size. Since the dip on the 1st of May, Bitcoin has added $233 billion to its market capitalization.

In comparison, at press time, the top ten memecoins’ total combined market capitalization stood at $57.26 billion.

PEPE vs BTC on Santiment

Source: Santiment

The chart above showed that the social volume of Bitcoin (cyan) was 3135 on the 26th of May compared to 350 (yellow) for PEPE.

This is just one memecoin, not the whole sector, but the difference is still enormous considering PEPE gained 75% last week and is one of the hotly discussed memes online.

Therefore, social media engagement was still in favor of Bitcoin. Additionally, the derivatives and spot market of Bitcoin are likely too big for memecoins to meaningfully chip away at.

The allure of memecoins

The number of cryptocurrencies in the market has increased drastically year after year. In January 2021, an estimated 4,154 tokens were in the market. In March 2024 that number has increased to 13,217, and counting.

See also  Will Bitcoin ETFs become a problem for BTC's 'ideology'?

Most of these tokens are based on vaporware, products that are promised to the public but never actually created. This huge dilution among altcoins is vastly different from the past two cycles.

OG crypto traders talk about tokens randomly popping off during a bull run and making triple-digit percentage gains within days.

The problem now is that with so many tokens around that have suffered at least one bear market, the crypto space is too saturated to see all of them trend higher during a bull run.

In that regard, memecoins are upfront and honest about their intentions. They bring a community together through jokes and vibes, promise no product expect a potential return on investment and some fun during the journey toward these gains.

Win or lose as a team of bag holders.


Read Pepe’s [PEPE] Price Prediction 2024-25


People who don’t have the time or know-how to weed through dozens, or even hundreds, of crypto tokens are naturally attracted to these down-to-earth meme tokens and willing to bet at least a small amount on them.

This is not to say that there aren’t tokens with good development teams that look to solve a defined problem, but it is harder for the public to find them. Perhaps that is why memecoins are outperforming other sectors so far.

Next: Bitcoin Rainbow Chart tells you that NOW is the time to buy BTC – Is it?
Tags: BitcoinMemecoinsOutperformshiftingSpotlight

Related Posts

Bitcoin must pass $63.2k soon, for THIS vital reason
Bitcoin

Bitcoin nears $91K as buying pressure soars, but challenges emerge

November 17, 2024
Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice
Bitcoin

Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice

November 17, 2024
FLOKI’s price profits from Coinbase hype, but here’s why all’s not done just yet
Bitcoin

FLOKI’s price profits from Coinbase hype, but here’s why all’s not done just yet

November 17, 2024
Bitcoin – Here’s what its new ‘5-year low’ means for BTC’s run to $100K
Bitcoin

Bitcoin – Here’s what its new ‘5-year low’ means for BTC’s run to $100K

November 16, 2024
Will miner selling pressure be Bitcoin’s hurdle to $100K?
Bitcoin

Will miner selling pressure be Bitcoin’s hurdle to $100K?

November 16, 2024
Bitcoin above $90K – $5.42 billion in profits despite rising sell pressure means…
Bitcoin

Bitcoin above $90K – $5.42 billion in profits despite rising sell pressure means…

November 16, 2024
Next Post
Biton Partners with DeSui to Revolutionize SocialFi

Biton Partners with DeSui to Revolutionize SocialFi

Comments 9

  1. 1g1d6 says:
    3 weeks ago

    clomid generic brand clomid uses how to buy clomid no prescription where can i get clomid no prescription can i get generic clomiphene without a prescription can i get generic clomiphene without insurance can i get cheap clomid without dr prescription

    Reply
  2. where to buy real viagra cialis online says:
    2 weeks ago

    Proof blog you be undergoing here.. It’s hard to find high quality script like yours these days. I honestly recognize individuals like you! Take guardianship!!

    Reply
  3. flagyl drug classification says:
    2 weeks ago

    The thoroughness in this draft is noteworthy.

    Reply
  4. 40e2j says:
    2 weeks ago

    buy zithromax medication – tinidazole over the counter order metronidazole 400mg pill

    Reply
  5. 67ywg says:
    2 weeks ago

    cheap semaglutide 14 mg – buy semaglutide sale buy periactin 4 mg generic

    Reply
  6. ecp2x says:
    1 week ago

    buy domperidone pills – generic motilium order generic flexeril 15mg

    Reply
  7. t4z0a says:
    1 week ago

    buy inderal 20mg pill – buy methotrexate 10mg online order methotrexate 2.5mg pills

    Reply
  8. 85mpp says:
    5 days ago

    amoxicillin sale – cost amoxicillin order combivent 100 mcg for sale

    Reply
  9. dm23c says:
    1 day ago

    augmentin 625mg sale – https://atbioinfo.com/ ampicillin pill

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

October 28, 2023
Tezos 2023 Outlook: An Overview of Tezos (XTZ)

Tezos 2023 Outlook: An Overview of Tezos (XTZ)

November 2, 2023
UK risks regulating NFTs the wrong way, says Mintable CEO

UK risks regulating NFTs the wrong way, says Mintable CEO

October 30, 2023
Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

August 3, 2024
How to Earn Keys to Boost Your HMSTR Airdrop

How to Earn Keys to Boost Your HMSTR Airdrop

September 10, 2024

Don't miss a single story

Subscribe to our free Newsletter

EDITOR'S PICK

Why ‘Pixels’ Ditched Polygon Ahead of Ethereum Token Launch

Why ‘Pixels’ Ditched Polygon Ahead of Ethereum Token Launch

February 17, 2024
Pakistan turns to BTC mining with excess electricity

Pakistan turns to BTC mining with excess electricity

April 23, 2025
Ethereum price prediction: Watch out for THESE short-term targets!

Ethereum price prediction: Watch out for THESE short-term targets!

April 10, 2025
Five Fresh Web3 Games That Are Supercharged by NFTs

Five Fresh Web3 Games That Are Supercharged by NFTs

April 19, 2025

About

Dive into the world of cryptocurrency. Our news site offers insights, trends, and updates to guide your journey into the realm of digital finance.

Follow us

Categories

  • AI
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • DeFi
  • Ethereum
  • Gaming
  • Guides
  • Metaverse
  • Mining
  • NFT
  • Other
  • Web 3

Recent Posts

  • The Lords of Light’ Is Shutting Down
  • CoreWeave Back in Talks to Acquire Bitcoin Miner Core Scientific: WSJ
  • Bitcoin miners resist selling amid declining earnings

Newsletter

Don't miss a single story

Subscribe to our free Newsletter

  • Contact
  • Disclosure
  • Privacy Policy
  • Terms & conditions

© 2023 Coininsights.com - All rights reserved.

No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
  • Metaverse
  • NFT
  • Gaming
  • Blockchain
  • AI
  • Guides
  • Analysis
  • Coin Marketcaps

© 2023 Coininsights.com - All rights reserved.