Binance Survey: Memecoins and Bitcoin Shape 2023 Crypto Landscape
Binance Survey – A recent survey conducted by crypto exchange Binance reveals that memecoins are now more popular than Bitcoin among cryptocurrency holders. The Binance Global User Survey, released on December 18, found that 16% of respondents reported holding memecoins, making them the most-held cryptocurrency among participants. Bitcoin ranked second, with 14.4% of those surveyed indicating they held the digital asset in their wallets. The survey, which sampled over 27,000 users from Asia, Australia, Europe, Africa, and Latin America, suggests that memecoins are not only popular in terms of current holdings but also spark significant enthusiasm for the future.
According to Binance, the popularity of memecoins reflects broader trends where users are increasingly excited about these assets in the digital space. Although the exchange did not disclose the exact value of respondents’ holdings, data from CoinGecko shows that the total market capitalization of the memecoin market stands at $117 billion. Among the top-performing memecoins, Dogecoin (DOGE) trades at approximately $0.36.
In comparison, Bitcoin’s market capitalization exceeds $2 trillion, with the cryptocurrency recently hitting a new all-time high of $108,000 on December 17, before settling at around $101,000 per coin.
Memecoins and AI Tokens Lead 2025 Predictions
Looking ahead, the survey found that memecoins are expected to play a significant role in market growth for 2025, with 19% of respondents anticipating a rise in their market value next year. However, artificial intelligence (AI) tokens were seen as the dominant growth drivers, with 23% of respondents predicting that AI tokens will lead the market in 2025.
While memecoins remain speculative assets, the growing interest is clear, reflecting their expanding role in the broader cryptocurrency ecosystem. However, experts continue to debate whether memecoins could follow the trajectory of other speculative assets, such as initial coin offerings (ICOs) and non-fungible tokens (NFTs), both of which saw massive booms before experiencing sharp declines.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
Leave a comment