15 hours ago

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

2024 saw massive gains for the crypto market, but meme coins dominated the narrative. Owing to its notable resurgence, several meme coins even emerged as some of the top-performing cryptocurrencies of the year, contributing to the rise of new crypto millionaires along the way. Speculative Meme Coins Take Over Crypto According to CoinGecko’s report , meme coins captured more than 30% of the global investor interest, which was distributed across the central niche narrative and 25 different trends related to them. This suggests that nearly one-third of the focus in crypto was on speculative investments, where fundamentals took a back seat, with the market rapidly diversifying from dog-themed coins to other meme tokens inspired by animals and public figures. The primary meme coin narrative itself emerged as the most popular, accounting for 14.36% of total crypto narrative interest, reflecting a considerable 6.04 percentage point rise from last year’s 8.32%. Aside from the overarching meme coin category, other specific trends also gained attention. Solana-based meme tokens secured 4th place with 7.65% of the narrative interest, while Coinbase-incubated Ethereum Layer 2 Base assets ranked 11th at 2.13%. Meanwhile, AI-themed and cat-centric meme coins rounded out the top 20, with 1.49% and 1.19% of interest, respectively. AI, RWA, DePIN Trails Behind The artificial intelligence (AI) narrative was another prominent topic in the crypto market in 2024, attracting a total of 15.67% of investor interest across the general AI narrative and five other AI-related sub-trends. The main AI narrative ranked second overall, holding 12.58% of investor attention. While this represented a 1.26 percentage point increase from last year’s 11.32%, it was still overshadowed by the meme coin narrative in terms of popularity. The real-world assets (RWA) and DePIN narratives were among the most notable trends to experience a surge in interest in 2024 compared to the previous year. The RWA narrative saw its share of investor focus rise by 2.16 percentage points, from 6.48% in 2023 to 8.64% in 2024, which also boosted its ranking from 6th to 3rd. Similarly, the DePIN narrative saw a positive shift, with its share of interest growing by 1.56 percentage points, allowing it to climb from 13th to 8th place. On the other hand, the GameFi narrative faced a decline in popularity, as its share dropped by 6.77 percentage points, from 10.49% in 2023 to 3.72% in 2024. The post Meme Coin Trends Surge in 2024, Capturing 30% of Investor Attention Across Crypto appeared first on CryptoPotato .

Crypto Potato

You can visit the page to read the article.
Source: Crypto Potato

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Year in Review: Top 8 Ripple (XRP) Developments of 2024

But real quick first— XRP’s price could be in for another big pump soon, according to the technical signals. Legendary chart trader Peter Brandt recently shared a bullish wedge pattern suggesting another leg up for XRP’s price to above $2.70. The average exchange rate in US dollars for XRP on Saturday, Dec. 28, was $2.19. So if this rally materializes, it would represent a 24% increase over Saturday’s price in potentially a matter of mere days or weeks. Here are two views of $XRPUSD a weekly chart and a daily chart Strong opinions, weakly held A chart is not an opinion and an opinion is not necessarily a position – this is a concept hard to understand by rookies pic.twitter.com/SvaT5hojLW — Peter Brandt (@PeterLBrandt) December 27, 2024 While this is not abnormal for crypto markets in general or for Ripple token prices in particular, these kinds of gains are significantly headier for investors’ finances than the typical performance of corporate equity shares— even for high-flying tech stocks like those on the Nasdaq. Another XRP watcher recently targeted a $4 all-time high Ripple price for the cross-border settlement token on the next big pump. That would represent an astounding 82% gain over the current price. Looking back, here’s how Ripple got here over the course of 2024: 1. Ripple Expert Touts XRPL’s DeFi Powers (Jan. 1) Ripple made some waves to start the year when XRPL developer Wietse Wind settled some misconceptions about the platform. The developer who started the XRP Ledger for decentralized finance using XRP tokens cleared up the confusion once and for all: With XRP Ledger, the native tokens can be used on a fully decentralized platform with smart contract issuance. That makes it more like Ethereum and Solana than many cryptocurrency investors are aware of even today. Wind also blasted through the FUD (fear, uncertainty, and doubt) around regulatory threats to XRP’s economy with a recap of Ripple Labs’ decisive victories against the US Securities and Exchange Commission in the US District Court Southern District of New York. 2. XRP Ethereum Integrations Launch (Feb. 11) One of the key supports for continued, robust growth in XRP’s market valuation is its aggressive expansion into new business partnerships around the world and new integrations with support for XRP on other blockchain networks like Ethereum. In February, the CEO of Peersyst Technology, a Ripple Partner, announced a new Ethereum Virtual Machine (EVM) sidechain of the XRP Ledger would begin rewarding validator nodes with XRP tokens. That’s something nice for die-hard XRP Army types, who don’t have to sell the tokens to use them with Ethereum smart contracts. 3. XRP Expands in Korea and Japan (July 21) While fighting off SEC allegations of securities fraud in US court, Ripple Labs continued to advance its platform with several new overseas business partnerships this year. They will be key to growing the Ripple economy and seriously competing with SWIFT for daily payment share. In July, Ripple Labs achieved two new international expansions in the Asia-Pacific region— one in South Korea and another in Japan. In Korea, the nation’s only government-licensed VASP (virtual asset service provider), Infinite Block, announced new XRP Ledger support. The integration came mere days after Ripple Labs’ announced the creation of a new XRPL Japan and Korea Fund. 4. SEC Lawsuit Fine Cut From $2B to $150M (Aug. 8) On Aug. 8, US Judge Analisa Torres handed Ripple a resounding win in the US District Court Southern District of New York in Manhattan. The SEC was seeking a $2 billion disbursement or fine for Ripple Labs over allegations of selling XRP as an unregistered security. After the judge delivered the company three other landmark wins last year, both for Ripple Labs and for the blockchain sector in general, Torres struck a devastating blow to the government litigant in this case in August. Instead of the $2 billion the SEC sought, Torres ordered Ripple to pay a comparatively paltry $125 million. 5. Grayscale Launches XRP Trust (Sept. 12) In September, the XRP economy made a massive stride toward market adoption by regulated institutional players trading on Wall Street. Cryptocurrency asset management company Grayscale announced on Sept. 12 the creation of a new US-regulated XRP trust product. That’s similar to the Bitcoin ETFs and Ether ETFs (exchange-traded funds) that the SEC greenlit on Jan. 11 and May 23. The difference between an ETF and a trust, however, is that the former are open funds, and the latter are closed-ended. That means ETFs can issue new shares to meet demand, while trusts have a fixed number of shares from the outset. Trusts can also only be traded once per day at the end of the trading day in New York City. According to Grayscale data, the new XRP trust is set to close out 2024 with 300% gains for investors. 6. SEC Lawsuit Expedited Judgement For Ripple (Nov. 28) Ever since the SEC first sued Ripple Labs in Dec. 2020 for allegations of selling unregistered securities, Ripple has repeatedly prevailed against the US regulator in court. The judge over the case ruled in July 2023, for example, that secondary sales of XRP are not an investment contract and, therefore, it is not an unregistered security. Then, in Oct. 2023, the SEC dropped Ripple CEO Brad Garlinghouse and founder Chris Larsen from their litigation, who were originally named as defendants in its multi-year lawsuit, leaving just Ripple Labs to fight in court. Finally, after getting its fine cut this August from $2 billion to $150 million, Ripple Labs won another battle on Nov. 28, when Judge Torres ruled to expedite the final judgment in the case. 7. XRP Flips BNB and Solana (Dec. 1- 2) XRP tokens traded on crypto exchanges have been racing two other altcoins neck-and-neck for the total market capitalization or market value of their economies. After flying up the price chart following Donald Trump’s reelection to the White House in November, XRP’s price managed to flip BNB (Binance Coin) in terms of total market cap on Dec. 1. Then it flipped SOL (Solana) on Dec. 2, ranking XRP the third largest cryptocurrency (excluding stablecoins) in the world, behind only Bitcoin and Ethereum. 8. XRP Notches 7-Year High Price (Dec. 2) In addition to flipping BNB and SOL tokens, XRP soared to a 7-year record high price on Dec. 2 of almost $3. That portends vigorous support for its market prices going forward as Bitcoin continues to track through its fourth quadrennial macro-market cycle based on its scheduled supply adjustments. The post Year in Review: Top 8 Ripple (XRP) Developments of 2024 appeared first on CryptoPotato . Crypto Potato

The Analysis Predicts a Bull Market for Bitcoin

Bitcoin is currently trading lower after reaching a recent peak. Analysts predict a bull market and significant price increases for Bitcoin. Continue Reading: The Analysis Predicts a Bull Market for Bitcoin The post The Analysis Predicts a Bull Market for Bitcoin appeared first on COINTURK NEWS . Crypto Potato