This is a meme news story, published by CoinGape, that relates primarily to Industry Report news.
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meme coins marketCoinGape
•Business
Business & Economics
80% Informative
The 2024 Q4 meme coin Industry Report is a comprehensive insight into an ever-changing landscape of meme coins.
Meme coins market grew exceptionally by 22% in Q4 2024 , which reached $150 billion .
SimpleSwap analysts mentioned meme coins recorded 436% growth in yield up to mid-2024 , outperforming all other crypto segments, including Layer 1 and DeFi projects.
The report said most of the $6 billion daily trading volume in the meme coin market comes from speculative interest.
In the fourth quarter of 2024 , the typical daily trading volume for meme coins exceeded $6 billion .
Meme coins increased by 22% in market capitalization in Q4 2024 , which was valued at $150 billion .
The meme coin market is quite divided, with just a limited number of projects attaining significant capitalization: Most meme coins face problems with low liquidity.
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