2024 marks the rise of degens in the cryptocurrency world. According to CoinGecko’s traffic analysis, meme coins have captured 31% of investor interest, with DOGE and PEPE emerging as favorites over BTC among users. Solana continues to dominate the sector, hosting tokens like BONK, WIF, POPCAT, and PNUT, while Base follows closely with a $2.6 billion meme coin market cap. Other notable crypto trends this year include the integration of AI, real-world assets (RWA), gaming, and Layer-2 solutions.
The meme coin phenomenon has taken the crypto world by storm, with a significant 14.36% share of user attention on CoinGecko. Solana meme coins rank fourth in popularity, capturing 7.65% of the spotlight, while Base meme coins trail behind with a mere 2.13%. Surprisingly, cats have surpassed dogs and frogs as the new favorite meme theme, with tokens like POPCAT, MOG, PURR, and MEW capturing the interest of degens.
Investors are diversifying their portfolios beyond speculative assets, with the AI narrative taking second place, followed by RWA and the broader Solana ecosystem. Base, Sui, and TON networks have also garnered attention, reflected in the performance of BASE, SUI, and TON tokens. NFTs, once a hot trend, have fallen out of favor, with a vast majority (96%) now considered ‘dead’ due to lack of trading and social media activity.
In the realm of meme coins, projects like PEPE have delivered substantial gains to holders, while new projects are also gaining traction. Pepe Unchained (PEPU) recently raised $70 million in a presale and surged over 540% after listing, becoming the most visited token on CoinMarketCap. Another rising star is Wall Street Pepe (WEPE), currently priced at $0.0003655 in presale and approaching a $36 million milestone. WEPE aims to democratize crypto investing and empower retail investors to compete against whales in the market.
Early adopters of WEPE can stake their tokens at a 36% APY to maximize returns. The project has allocated 27% of the total token supply for frog army rewards and 38% for marketing efforts to build a strong community of degens. The next price increase is imminent, making it an opportune time to join WEPE’s mission by participating in the presale using ETH, USDT, or a bank card.
Meme coins have proven their worth, as evidenced by CoinGecko’s report showcasing their lasting impact and value. Projects like Wall Street Pepe, with a focus on education and community building, transcend the traditional meme coin narrative and are recognized as some of the best meme coins in 2024. However, it is essential for investors to conduct their own research, diversify their portfolios, and avoid falling for fear of missing out (FOMO). A rational and calculated approach remains the most valuable asset in navigating the volatile crypto market.
