Memecoins
Memeinator in focus as most meme coins beat Bitcoin in 2024
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Bitcoin and Ethereum are up more than 50% this year.
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Meme coins like Floki, Pepe and Book of Meme did much better.
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Memeinator is one of the fastest growing names in the industry.
Many meme coins are doing better than big cryptocurrencies like Bitcoin, Ethereum and Ripple in 2024. Bitcoin and Ethereum are up more than 50% this year while Ripple is down more than 20%.
Meme coins are thriving
On the other hand, meme tokens like Floki, Book of Meme, and Pepe did much better. Floki has risen over 450% this year while Pepe has jumped over 700% in the same period.
The same is happening among other meme coins like dogwifhat, Bonk, and Book of Meme, which have all doubled this year. As a result, all meme coins tracked by CoinGecko and CoinMarketCap have gained a market capitalization of over $60 billion, making them larger than well-known companies such as Lazard, General Motors, Ford, and Stellantis.
This trend may continue as more traders seek refuge in meme coins and celebrity-themed tokens. For example, earlier this week, rapper Iggy Azalea’s MOTHER token gained a market capitalization of over $300 million. It was then approved by DADDY, the new token promoted by Andrew Tate, the popular provocateur.
Meme coins work better than large coins like Bitcoin for two main reasons. First, they tend to be driven by hype and momentum. Secondly, unlike Bitcoin, these tokens are easy to manipulate as most of them are usually held by insiders.
Third, meme coins trade for a lower notional value than Bitcoin. While Bitcoin was trading at $67,000 on Saturday, Memeinator it was going to $0.01820 while tokens like Pepe and Minu were going much lower.
As a result, traders argue that buying cheaper meme coins will always generate a better return than investing in larger coins. For example, even though it is easy for Pepe to double, it takes longer for Bitcoin to do the same.
Memeinator will be the center of attention
Meanwhile, many cryptocurrency traders are now focusing on Memeinator, one of the fastest-growing meme coins.
The token, which recently concluded its token sale, has already gained listings on some of the major industry exchanges such as Uniswap and MEXC. The developers hope to get listings from other exchanges in the coming months.
Memeinator is a cryptocurrency that seeks to take advantage of several key industry themes. The goal is to join the meme coin craze that is spreading across the cryptocurrency industry.
Besides that, the developers hope that it will take advantage of the artificial intelligence theme that has become the largest globally. Apple launched its Apple Intelligence product suite while Mistral AI raised over $600 million from investors.
Furthermore, Memeinator aims to become a leading player in the gaming industry. Now they are building the Meme Warfare game that will reward users for winning. You can learn more at Memeinator Here.