2024

DeFi

Trillion

Coin

<ul class="wp-block-list news-points">
 <li>Memecoins are outperforming the crypto market in 2024 despite a decline from their peak.&nbsp;&nbsp;</li>
 <li>Memecoins could potentially reach a market cap of $1 trillion if trends from past cycles repeat.&nbsp;&nbsp;</li>
 <li>Some memecoins, like Dogecoin, may reach individual market caps of $80 billion or more.</li>
</ul>
Memecoins are outperforming the rest of the crypto market in 2024, and could reach a combined market cap of $1 trillion. Let us check why these joke-based tokens are surging again.
Experts say it is a mix of things: social media hype, more people using crypto, and even the rise of decentralized finance (DeFi). Whatever the reason, memecoins are definitely having a moment.
<h2 class="wp-block-heading" id="h-memecoins-could-hit-1-trillion-market-cap">Memecoins Could Hit $1 Trillion Market Cap</h2>
Memecoins could reach a combined market cap of $750 billion to $1.05 trillion. This target is ambitious but not impossible. In the last crypto cycle, <a href="https://coinedition.com/old-vs-new-memecoins-is-utility-the-key-difference/" rel="noopener noreferrer nofollow">memecoins did well</a>, driven by strong community support and internet culture. Investors see the potential for this trend to repeat, especially as more people learn about these coins.
Factors such as the rise of DeFi and easier access to digital currencies have increased memecoin interest. If these tokens continue their up…
The post <a href="https://coinedition.com/memecoins-surge-in-2024-can-these-tokens-reach-a-1-trillion-market-cap/" rel="noopener noreferrer nofollow">Memecoins Surge in 2024: Can These Tokens Reach a $1 Trillion Market Cap?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Memecoins Surge in 2024: Can These Tokens Reach a $1 Trillion Market Cap?

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