2024

Bitcoin

Brett (SOL)

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/altcoin-sensation-meme-coins-surge-in-early-2024">Altcoin Sensation: Meme Coins Surge in Early 2024</a><br></p>
<p style="text-align: justify">The first few months of 2024 have brought an electrifying atmosphere to the <a href="https://en.bitcoinhaber.net/steve-wozniak-triumphs-in-appeal-against-youtube-over-bitcoin-scam-misuse">cryptocurrency</a> market, as <a href="https://en.bitcoinhaber.net/bitcoin-analyst-crypto-capo-predicts-possible-short-term-rise-to-38500">Bitcoin</a> climbed to its latest all-time high in March. This period has proven quite rewarding for investors who capitalized on lower prices earlier in the year. Amidst this excitement, certain altcoins have stood out due to their impressive performance.</p> 
<h2 id="memecoins-lead-the-charge">Memecoins Lead the Charge</h2> 
<p style="text-align: justify">Memecoins have been the standout performers in the altcoin sector, delivering staggering returns. CoinGecko’s recent findings show that memecoins saw an average market value increase of over 1300%. New entrants like Book of Meme (BOME), Brett (BRETT), and Cat in a Dogs World (MEW) not only burst onto the scene in March but also ranked amongst the top 10 altcoins. BRETT Coin, in particular, took the lead with a return of 7727.6%, while Dogwifhat (WIF) also made significant gains, appreciating by 2721.2%.</p> 
<p style="text-align: justify">Analyst Lim Yu Qian from CoinGecko highlighted that the narrative around memecoins was exceedingly profitable, outpacing the next best-performing crypto category—tokenized real-world assets—by a substantial margin. These findings underscore the exceptional market performance of memecoins compared to other cryptocurrency sectors.</p> 
<h2 id="market-impact-and-interest">Market Impact and Interest</h2> 
<p style="text-align: justify">The newly introduced memecoins have seen their market values skyrocket, overshadowing veteran meme-based cryptocurrencies like <a href="https://en.bitcoinhaber.net/dogecoins-market-rally-surpasses-expectations">DOGE</a> and SHIB. Despite their late reaction, these two large-cap memecoins also recorded noticeable movement last month. The combined market capitalization of memecoins reached approximately $60.9 billion, accounting for 2.32% of the total cryptocurrency market value, which represents a significant growth from the last quarter of 2023.</p> 
<h3 id="points-to-take-into-account">Points to take into account</h3> 
<ul> 
 <li>BRETT Coin emerged as the most profitable memecoin with a 7727.6% return.</li> 
 <li>The total market value of meme coins rose by 176.9% since the end of 2023.</li> 
 <li>Global interest in memecoins surged, according to Google Trends, indicating heightened public awareness.</li> 
</ul> 
<p style="text-align: justify">The surge in popularity was also reflected in Google Trends data, as global searches for “memecoin” reached a peak only once before in the past five years. This spike in interest correlates with the significant market performance of these coins, hinting at a growing intrigue and potential for the meme coin sector.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/altcoin-sensation-meme-coins-surge-in-early-2024">Altcoin Sensation: Meme Coins Surge in Early 2024</a></h5>

Altcoin Sensation: Meme Coins Surge in Early 2024

Table of Contents

BH NEWS

Other articles published on Apr 3, 2024

Navigating the Crypto Market: A Guide to Ethereum (ETH), Shiba Inu (SHIB), and Furrever Token (FU...

Another Hearing Held Today in Terra’s (LUNA) SEC Case: Here’s All You Need to Know About the LUNA...

From Memes to Millions: Ansem’s Cat ($HOBBES) Price Prediction, Take Profit or Keep Holding?

Crypto Analyst Believes $200K For Bitcoin Would Be 'Underwhelming', Predicts King Crypto To Reach...

HNT Price Prediction: Bulls In Trouble, Will They Secure $5 Mark?

Bitcoin Meteoric Rise: Analyst Predicts $90,000 Milestone In April

Join our free newsletter for daily crypto updates!