Memecoins will be a major part of the investor’s mindshare by 2024. They are expected to grow four times in popularity.

Memecoins capture 31% of investor mindshare in 2024, surging 4x in popularity Join Japan's Web3 Evolution Today

According to an analysis, 31% of all crypto-narratives will be about memecoins by 2024. Reports of the occurrence of this condition are available at: CoinGecko

The theme was only able to satisfy 8.32% out of the 25 stories last year. 

In 2024 the popularity of animal and personality tokens will surpass dog themed coins.

The report highlights a trend where investors are more interested in speculative investments that prioritize cultural virality than traditional fundamentals.

You can use the Pump.fun memecoin launchpool as an indicator of their success. According to Dune Analytics, nearly 5 million memecoins have been deployed this year on Solana, and the platform has captured over $335 millions in fees. dashboard User evelyn223.

This primary narrative about memecoin ranked first among all crypto-narratives and accounted for 14.36% investor mindshare. 

Also, four memecoins trends were ranked within the top 20, including Solana memecoins (8.65%), AI memecoins (1.49%), and cat-themed memcoins (1.19%).

The following is a list of The following are some of the most effective ways to increase your ROI: Artemis’ memecoins were the third-most profitable story in 2024. They generated an average annual return of 201%. Gains were above average returns of the stock market, which was 128%.

Besting AI tokens

This year’s growth in artificial intelligence (AI) technologies raised investors’ expectations about the intersection between AI and blockchain. In the crypto world, it became an important trend, taking up 15.67% of mindshare in six different narratives.

It was the core AI ecosystem that accounted for the majority of popularity. This year, it registered the second largest overall share with 12.58%, an increase of 1.26% over last year.

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AI-related trends, such as AI agents (1.17%) and AI meme coins (1.49%), further contributed to the technology’s growing influence in crypto.

Nevertheless, the memecoins sector’s meteoric rise in popularity eclipsed the AI narrative this year by heavily outperforming. Additionally, AI tokens had a negative 11.6% performance this year, mainly due to Worldcoin’s WLD 39% drawdown.

Growing narratives

Real-world Assets (RWA) gained momentum, moving up to the third position with an investor interest of 8.64%, which is a 2.16% increase from 2023. 

Decentralized Physical Infrastructure Networks, or DePIN, moved up from the 13th position to the 8th, and its share increased by 1.56 percent.

As a result, interest in blockchain games (GameFi) has decreased, from 10.49% to just 3.72 % in 2024.

The RWA sector posted an average yearly gain of 1,755%, primarily due to the 6,520% rise in Mantra’s OM token. As a result, the average returns for this sector’s tokens got inflated.

DePIN Tokens saw an increase of 30% during the same time period while Gaming Tokens experienced a decline on average of 23.4%.

Solana Base Shine

In 2024, blockchain ecosystems will also be a major topic of discussion. Solana, Base, and memecoins are all important. 

Solana stories combined accounted for 14.30% of the market, driven primarily by Solana mecoins (7.55%) and interest in a broader ecosystem (5.78%).

Base stories accounted for 4.87% of the total, with Base memecoins and Base ecosystems providing a boost.

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leadzevs/ author of the article

LeadZevs (John Lesley) is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

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