Crypto investors were strongly attracted to meme assets in 2024, according to a new study.
In a research report, CoinGecko says the majority of crypto interest in 2024 was in the memecoin sector, which saw an expansion from dog-themed tokens to other animal and personality-themed digital assets.
“By far the most popular crypto narrative in 2024 was the memecoin narrative, which attracted a total of 30.67% of global investor interest across the top memecoin narrative and 25 memecoin trends.
In other words, nearly a third of interest in crypto narratives this year was focused on more speculative opportunities with less emphasis on fundamentals, as the market quickly expanded from dog-themed memecoins to other animal and personality-themed memecoins.
Notably, the main memecoin narrative took the top spot with a 14.36% share of crypto narrative interest. This represents an increase of 6.04 percentage points over the share of the memecoin narrative, which accounted for 8.32% of interest last year.”
CoinGecko also notes that smart contract platform Solana (SOL), known for its numerous memecoin activities, has also attracted significant interest from traders in 2024. Base, the blockchain from…
