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According to CoinGecko, in 2024, interest in memecoins largely shifted toward Solana-based and Coinbase blockchain’s Base-based tokens.
A CoinGecko study found that memecoins attracted nearly a third of investor interest in the crypto space this year, making them the most talked-about topic.
CoinGecko research analyst Lim Yu Qian noted in a December 23 report that between January 1 and December 21, memecoins and related categories captured 31% of investor interest.
These coins experienced significant gains and losses throughout the year, while Bitcoin rose 123% in 2024. While these tokens are often high-risk and volatile, some experienced traders made quick profits.
CoinGecko found that the “main memecoin narrative” accounted for 15% of the interest share, surpassing the previous year’s share of 6%. Additionally, four different memecoin trends were among the “top 20 crypto narratives.”
Solana-based memecoins ranked fourth with an approximately 8% share, while memecoins on Coinbase’s blockchain Base took the 11th spot with just over a 2% share.
AI-themed and cat-themed memecoins respectively captured 1.5% and 1.2% of the market share, placing 15th and 16th.
Top Crypto Categories by Traffic Market Share from January 1 to December 21
According to CoinGecko, the memecoin market cap currently stands at $113.2 billion, with Dogecoin and Shiba Inu leading at $49.3 billion and $13.8 billion, respectively.
AI Lost Its Top Spot To Memecoins in 2023 But Remained Popular
Interest in AI-related crypto tokens ranked second after memecoins, losing its top spot from last year.
However, interest in AI tokens increased compared to 2023, capturing around 13% of the market this year, up from just over 11% last year.
AI tokens accounted for about 15.5% of total interest this year.
The potential of AI agents was fully demonstrated when the AI-run X platform account “Truth Terminal” promoted the obscure memecoin GOAT, causing the token’s value to soar to $1.3 billion.
AI agent tokens currently make up only a small portion of the $44.8 billion AI crypto token market, led by Near Protocol and Internet Computer.
The Top Seven AI Coins by Market Cap
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