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Memecoins: The Hottest Crypto Trend in 2024
Beginner12/16/2024, 4:42:12 AM
2024 in the crypto world is the "Year of Meme Coins." These coins may lack practical applications born from internet meme culture, yet their cultural symbolism and community influence are undeniable. From Shiba Inu to Pepe the Frog, various memes have transformed into popular cryptocurrencies. Meme coins, leveraging unique marketing strategies, have lured new investors. In the first quarter alone, meme coins' market cap soared to nearly $70 billion, with Solana-based coins like WIF and BONK leading the charge. However, the extreme volatility of meme coins poses significant risks. Their meteoric rise has sparked a reevaluation of value investing and injected a fresh dose of excitement into the crypto market..
Author: Sonia
Translator: Sonia
Reviewer(s): Edward、Piccolo
Translation Reviewer(s): Ashely、Joyce
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.io.
* This article may not be reproduced, transmitted or copied without referencing Gate.io. Contravention is an infringement of Copyright Act and may be subject to legal action.
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12/16/2022, 9:13:56 AM
Memecoins: The Hottest Crypto Trend in 2024
Beginner12/16/2024, 4:42:12 AM
2024 in the crypto world is the "Year of Meme Coins." These coins may lack practical applications born from internet meme culture, yet their cultural symbolism and community influence are undeniable. From Shiba Inu to Pepe the Frog, various memes have transformed into popular cryptocurrencies. Meme coins, leveraging unique marketing strategies, have lured new investors. In the first quarter alone, meme coins' market cap soared to nearly $70 billion, with Solana-based coins like WIF and BONK leading the charge. However, the extreme volatility of meme coins poses significant risks. Their meteoric rise has sparked a reevaluation of value investing and injected a fresh dose of excitement into the crypto market.
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Author: Sonia
Translator: Sonia
Reviewer(s): Edward、Piccolo
Translation Reviewer(s): Ashely、Joyce
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.io.
* This article may not be reproduced, transmitted or copied without referencing Gate.io. Contravention is an infringement of Copyright Act and may be subject to legal action.
Related articles
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What Is Ethereum 2.0? Understanding The Merge
A change in one of the top cryptocurrencies that might impact the whole ecosystem
1/18/2023, 2:25:24 PM
Beginner
What Is a Cold Wallet？
A quick overview of what a Cold Wallet is, taking into account its different types and advantages
1/9/2023, 10:43:03 AM
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What is Stablecoin?
A stablecoin is a cryptocurrency with a stable price, which is often pegged to a legal tender in the real world. Take USDT, currently the most commonly used stablecoin, for example, USDT is pegged to the US dollar, with 1 USDT = 1 USD.
12/16/2022, 9:13:56 AM
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