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Associating Internet memes with the world of cryptos: improbable marriage or stroke of genius? This divides opinions. Between satire that has become a market phenomenon and astronomical capitalization, memecoins are redefining the codes of value creation. But beyond digital dogs and cats, what is the real impact of this new trend on the crypto ecosystem? The answer lies in the numbers and market dynamics.
When Memecoins shake up the rules of investment
What started as an internet joke, with projects like Dogecoin, has now taken unexpected proportions. According to DWF Labs, memecoins embody a profound transformation of investment mechanisms. No more long financial validations before raising funds: thanks to blockchain, everything goes faster, sometimes even too fast.
https://twitter.com/DWFLabs/status/1874742438314795145
In 2024, the total capitalization of memecoins rose 500%going from 20 billion to 120 billion dollars. An astonishing figure which demonstrates the attraction of investors for these atypical assets.
Why this success? On the one hand, the simplicity and speed offered by blockchain. On the other, a young community eager for innovation, for whom memecoins represent a fun and accessible way to create wealth.
Key figures:
- Growth of 500% in 2024;
- 120 billion total capitalization;
- Continuous increase in animal-themed assets.
As DWF Labs explains in his reportthese cryptos are nothing more than jokes. They illustrate a fundamental change in the perception and distribution of economic value.
Crypto market share: Memecoins are hiding
The emergence of memecoins is accompanied by a redistribution of cards in the cryptocurrency market. Long neglected, these assets are now overshadowing classic altcoins. Animal themes and tokens inspired by internet trends dominate, but the innovation doesn’t stop there.
Andrei Grachev of DWF Labs predicts a future where artificial intelligence and crypto culture will merge to give rise to “memecoins agents”.
According to the DWF Labs report, blockchain has boosted the creation of digital assets. The result? Memecoins become financial instruments in their own rightcapable of attracting institutional capital. Grachev adds:
“The themes evolve, but the community spirit of memecoins remains a constant.»
While some detractors see this as a threat to the credibility of the ecosystem, others welcome the audacity and creativity of these projects. Regardless, the market share of memecoins continues to grow, and nothing seems capable of stopping this rise, even if it means overthrowing Bitcoin.
In short, memecoins are deeply divisive. Major figures like Vitalik Buterin and CZ do not hold back their words, denouncing their potential destructive impact on the crypto ecosystem. Yet their popularity continues unabated, confirming that these cryptocurrencies are here to stay, for better or worse.
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The blockchain and crypto revolution is underway! And the day when the impacts are felt on the most vulnerable economy in this world, against all hope, I will say that I had something to do with it
DISCLAIMER
The views, thoughts and opinions expressed in this article belong solely to the author and should not be considered investment advice. Do your own research before making any investment decisions.