Emily Walker
The year 2024 marks a significant surge in interest for meme coins, as revealed by CoinGecko’s traffic data, which shows that these coins attracted 31% of investor engagement. This indicates that one in every three users preferred meme coins like DOGE and PEPE over the more traditional BTC.
Leading the meme coin market is Solana, which supports tokens such as BONK, WIF, POPCAT, and PNUT. Base follows closely with a meme coin market cap of $2.6 billion.
Other notable crypto trends for this year include advancements in AI, real-world assets (RWA), gaming initiatives, and developments in Layer-2 solutions.
Preference for Cats and Memes
The overall interest in ‘meme coins’ claimed a significant 14.36% of user attention on CoinGecko. Among these, Solana’s meme coins were particularly popular, grabbing 7.65% of the spotlight, whereas Base’s meme coins attracted only 2.13% of users.
Interestingly, cats have overtaken dogs in popularity. While canine meme coins enjoy a $74 billion market cap, tokens like POPCAT, MOG, PURR, and MEW have captured the interest of investors this year.
Nevertheless, not all investors are chasing speculative opportunities. The AI sector has gained comparable interest, followed by real-world assets and the overall Solana ecosystem. Notably, networks such as Base, Sui, and TON have also captured attention, which reflects positively in the performance of BASE, SUI, and TON tokens.
Last year’s hot topics included AI and the Solana ecosystem, while Base, Sui, and TON did not make the top 20 most discussed items. The NFT trend has also diminished, as the novelty of owning pixelated art with no utility has faded.
In fact, 96% of NFTs are currently inactive, with no trading or social media engagement—a rather unsurprising trend.
Wall Street Pepe: A Change in Trading Dynamics
Meme coins like PEPE have delivered substantial returns to their holders this year. This rising trend is highlighted by the performance of newer projects as well.
A notable example is Pepe Unchained (PEPU), which recently raised $70 million during its presale and saw a remarkable surge of over 540% shortly after launching, becoming the most visited token on CoinMarketCap.
Another rising star, Wall Street Pepe (WEPE), is currently priced at $0.0003655 in presale and is approaching the $36 million mark.
Wall Street Pepe aims to combat insider trading by democratizing crypto trading and providing smaller investors with the knowledge needed to compete against larger holders during this market surge.
Early participants have the opportunity to stake their WEPE tokens with a 36% annual percentage yield (APY) to enhance potential earnings. A total of 27% of the token supply is allocated for various rewards, while 38% is reserved for marketing efforts to attract more participants.
With the next price increase imminent, this is an opportune time to join WEPE’s initiative. To purchase WEPE, visit the presale website (ensure to avoid scams by using only the official link), connect your wallet, and purchase using ETH, USDT, or a credit card.
Meme Coins Establish Their Value
A report from CoinGecko shows that meme coins are evolving beyond their initial overhyped and short-lived nature—especially those focused on community and education like Wall Street Pepe, which is now regarded as one of the top meme coins in 2024.
That said, always conduct your research, diversify your portfolio, and avoid falling prey to fear of missing out (FOMO). One critical lesson from previous market cycles is that maintaining a calm and rational approach is invaluable.