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Home»Analysis»Memecoins capture the majority of crypto investor interest in 2024: CoinGecko
Analysis

Memecoins capture the majority of crypto investor interest in 2024: CoinGecko

2024-12-26No Comments2 Mins Read
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Crypto investors were strongly attracted to meme assets in 2024, according to a new study.

In a research paper, CoinGecko say that the majority of crypto interest in 2024 hit the memecoin sector, which saw an expansion from dog-themed tokens to other animal- and personality-themed digital assets.

“The most popular crypto story in 2024 was by far the memecoin story, which together attracted 30.67% of global investor interest in the top memecoin story and 25 memecoin trends.

In other words, nearly a third of interest in crypto stories this year focused on more speculative opportunities with less emphasis on fundamentals, as the market quickly expanded from dog-related memecoins to other memecoins with animal and personality themes.

Specifically, the top memecoin story ranks first with a 14.36% share of crypto narrative interest. This represents an increase of 6.04 percentage points from last year’s 8.32% stake in the memecoin story.”

CoinGecko also notes that smart contract platform Solana (SOL) – known for its many memecoin activities – also attracted a significant amount of interest from traders in 2024. Base, the blockchain of top US crypto exchange Coinbase, also attracted notable interest.

“Solana-related stories collectively attracted a 14.30% share of investor interest, putting them close in popularity to the AI ​​story. While Solana memecoins attracted almost half of the attention to the chain, investors remained interested in the broader Solana ecosystem, which ranked as the fifth most popular story with 5.78% of investor interest…

Meanwhile, two Base-related stories also entered the top 20 of the rankings this year, thanks to the chain’s increasing popularity. In total, the Base ecosystem and Base memecoins stories accounted for 4.87% of investor interest.”

SOL is trading at $199 at the time of writing.

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