The Amazing Performance of Meme Coins#
This year's performance of Meme coins has indeed been surprising. As of November 29, data shows that MEME coins lead the entire cryptocurrency market with a 279.8% increase, far surpassing Bitcoin's 118.9% and gold's 27.4%. Behind this number is a market capitalization growth from $22.28 billion at the beginning of the year to $116.82 billion now, an increase of 424%.
March Meme Wave: A Turning Point for the Market#
March of this year was an important turning point for the Meme coin market. The crazy presale of BOME (Book of Meme) reached a market capitalization of $1.9 billion in just three days, causing massive network congestion on the Solana chain.
The subsequent Slerf project can be described as a vivid lesson in "decentralization." The founder accidentally destroyed the liquidity tokens, turning this project into an unexpected "Fair Launch" experiment, with its market capitalization quickly surpassing $100 million.
The Meme Ecosystem in the Multi-Chain Era#
Meme coins are no longer limited to a single public chain. Data shows:
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The market capitalization of Meme coins on Ethereum exceeds $34 billion
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Over $20.4 billion on Solana
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Together, they account for 46.56% of the entire Meme market
Notably, the performance of the Base chain is worth mentioning, with its TVL (Total Value Locked) reaching $8 billion in June, and Mister Miggles achieving an astonishing 900-fold increase on this chain.
New Changes in Q4: More Diverse Development#
By the fourth quarter, the development of Meme coins shows a more diversified trend:
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Theme Innovation
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The AI track saw the emergence of $GOAT, which skyrocketed 70 times in 4 days
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The art track has $Ban, quickly breaking into the mainstream with the topic of a Sotheby's auction
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The social issue-themed $PNUT tells the tragic story of squirrels
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Platform Innovation
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$RIF and $URO launched by pump.science surged 20 times in just two days
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Binance Labs made its first foray into the DeSci field, bringing new directions for Meme
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The success of Meme coins this year can be attributed to several key factors:
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Market Environment: The overall recovery of the cryptocurrency market provides a good soil for Meme coins
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Technical Support: The maturity of the multi-chain ecosystem allows more room for Meme projects to flourish
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Community Power: Projects like ChillGuy prove that the power of community and social media should not be underestimated
Future Outlook#
From the current trend, the Meme coin market continues to maintain strong momentum. Daily trading volume in November stabilized at around $30 billion, with peaks even surpassing $70 billion. This indicates that interest in Meme coins has not waned; rather, it is continuously growing.
However, investing in Meme coins still requires caution, as high returns often come with high risks. It is recommended that participants conduct thorough research and view each market fluctuation rationally.
Disclaimer: This article is for reference only and does not constitute any investment advice. Investment carries risks; proceed with caution.