Meme Coins Are Thriving, Doing Better Than Big Cryptocurrencies Like Bitcoin, Ethereum, and Ripple in 2024

Bitcoin and Ethereum have jumped by more than 50% this year while Ripple has dropped by over 20%. Meme coins are thriving

Bitcoin and Ethereum have surged by over 50% in 2024, outperforming major cryptocurrencies like Ripple, which has declined by over 20%. However, meme coins have significantly outperformed the big coins.

Floki, Pepe, and Book of Meme have soared by over 450%, 700%, and 100%, respectively. This trend is largely driven by the hype and momentum around meme coins, as well as their lower notional value compared to Bitcoin.

As a result, traders believe that buying cheaper meme coins will generate a better return than investing in bigger coins. Meanwhile, Memeinator, a meme coin that recently concluded its token sale, is attracting attention with its listing on Uniswap and MEXC.

News source：https://www.kdj.com/cryptocurrencies-news/articles/meme-coins-thriving-cryptocurrencies-bitcoin-ethereum-ripple.html

The above is the detailed content of Meme Coins Are Thriving, Doing Better Than Big Cryptocurrencies Like Bitcoin, Ethereum, and Ripple in 2024. For more information, please follow other related articles on the PHP Chinese website!