Memecoins take top spot for crypto investor interest in 2024: CoinGecko

Key Points

  • Memecoins captured nearly 31% of investor interest in 2024, with Solana-based tokens leading the trend.
  • Interest in AI-related crypto tokens dropped from the top spot in 2023 but still saw an increase in interest, capturing nearly 13% of investor attention.

Summary

In 2024, memecoins dominated the crypto investor interest landscape, with nearly a third of the attention focused on these highly speculative tokens, according to a CoinGecko study. The study highlighted that the memecoin narrative was the most popular, capturing almost 31% of investor interest, with a significant portion directed towards Solana-based tokens and those on Coinbase's blockchain Base. Despite their volatile nature, memecoins like Dogecoin and Shiba Inu led the market cap, showcasing the speculative frenzy around these assets. Meanwhile, interest in AI-related crypto tokens, although dropping from the top spot in 2023, still saw an increase, capturing nearly 13% of the interest. This year, AI tokens and related narratives took about 15.5% of the interest share, with AI agents gaining traction, particularly highlighted by the promotion of the obscure memecoin GOAT by an AI-run X account, which significantly boosted its value. However, AI tokens still represent a small fraction of the AI crypto market, which is dominated by Near Protocol and Internet Computer.

cointelegraph
December 26, 2024
Crypto
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