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Business & Economics

Dogecoin, Shiba Inu Redefine Meme Coin Phenomenon That 'Extends Beyond Mere Speculation': Report

Benzinga
Summary
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79% Informative

Meme coins are reshaping the cryptocurrency landscape and redefining traditional market dynamics.

The market capitalization of meme coins soared by 500% in 2024 , according to DWF Labs report.

The report concludes that meme coins are no longer just speculative assets; they have evolved into a sophisticated market vertical.

This trend challenges conventional financial paradigms and underscores the increasing importance of social dynamics in digital economy.

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