: The memes sector has emerged as the most popular in the crypto market in terms of listings, with over 260 new tokens this year.
● The memes emerged as the most popular sector with over 260 new tokens added this year.
● Artificial Intelligence and Big Data was the second most active sector with 61 new listings in 2023.
● Decentralized Finance came in at third with 47 new tokens listed since the beginning of the year.
A market analysis conducted by crypto analytics platform CoinMarketCap revealed that the memes sector was the most active sector of 2023 in terms of new listings. This sector started the year with just 36 meme tokens and saw more than 260 new tokens listed since then.
CoinMarketCap took to Twitter earlier today to share its Crypto Market Analysis for the first half of 2023:
According to the crypto market analysis, the memes sector grew by a whopping 625% since the beginning of 2023. The new listings included hyped-up meme tokens like the frog-themed PEPE token, the Wall Street Bets token (WSB), and the Milady Meme Coin (LADYS), among dozens of others.
PEPE debuted in April this year at a mere $0.000000060 but reached an all-time high of $0.0000037 in less than a month. The massive rally took the meme token’s market capitalization to as high as $1.72 billion on May 5, 2023. However, PEPE’s price action has been in a ranging pattern since its all-time high in May. At the time of writing, PEPE was trading at $0.0000014, with a market capitalization of $586 million and a 24-hour trading volume of $69 million.
Read full article at CryptoTale.