Recent CoinGecko research reveals most popular cryptocurrency narratives First Quarter 2024 Results.The analysis is primarily based on narratives between January 1 and March 31, based on data from the platform Average daily price return of the top 10 largest tokens during this quarter.
Methodology: This study examines the performance of the most popular cryptocurrency narratives between January 1 and March 31, 2024, based on CoinGecko data, where the average daily price returns for the top 10 largest tokens were unchanged from the start of the quarter Compare.
— CoinGecko (@coingecko) April 3, 2024
Research shows memecoins are Most Profitable Cryptocurrency Narratives of the Quarter, Records The highest average return was 1,312.6%.
In addition, the three best-performing Meme coins at the end of the first quarter were all projects launched in March, including BOOK OF MEME (BOME), Cat in a Dog’s World (MEW)and Brett (Brett).
Other similar meme coins are constantly being referenced on social media as community members and experts post price predictions, speculations or information. report their pump.
In addition, cryptocurrencies in the pre-sale stage, such as Dogecoin 20 (DOGE20), have also received great attention from investors.this is one An eco-friendly version of traditional Dogecoin, running on Ethereum. DOGE20 raises over $10M in 1 year How many days to pre-sale.
Meme Coin Trader Reaches ATH
The Meme coin industry will explode in 2024, not only in terms of interest and funding, but also in terms of volume New Meme Coin Trader. A recent report from market intelligence platform IntoTheBlock noted that the number of meme currency holders has hit an all-time high.
Last month, the number of addresses holding meme coins for less than 30 days hit a record high.This indicates an influx of new traders buying memecoins pic.twitter.com/Qqc2at98UV
— IntoTheBlock (@intotheblock) April 3, 2024
IntoTheBlock shows that the number of wallet addresses holding meme coins for less than 30 days hit an all-time high in March 2024. The platform said this indicated a large influx of new traders, particularly interested in meme coins.
The number of new projects, coupled with stories about the benefits of light variation and a high proportion of projects e.g. MEME and the Book of Dogwifhatmay have played a role in attracting new buyers.
Similar reports date back to December 2023, when a trader invested Solana-based meme coin called Silly Dragon (SILLY). Due to the rapid growth of the numbers, the trader turned the $62 investment into $2 million.
In a similar story, a trader turned $13,000 into $2 million in one hour. Although the news was reported just a few days ago, it illustrates why new traders are flocking to the cryptocurrency space to invest in meme coins, which have only recently emerged.
In less than an hour, this guy turned $13,000 into $2 million, a 158x gain!
He found $MOEW 10 minutes after the opening, it took 4 $ETH($13K) Purchase 499.9M $MOEW.
Then he sold it for 111.65M $MOEW 99 of $ETH($328,000).
He currently holds 388.24M $MOEW, worth $1.76 million. … pic.twitter.com/DFRGOYh8ZM
— Lookonchain (@lookonchain) April 3, 2024
