The Top Half Stars of 2024, According to Forbes: Meme Coins Beating Bitcoin

Forbes Reveals the Meme Coins Beating Bitcoin This Year

In the first half of 2024, several meme coins showed double- and even triple-digit percentage growth, outperforming Bitcoin. Since January 23, 2024, when the price of bitcoin dropped to $38,555, it has increased by 61%. The cryptocurrency sector was celebrating the historic approval of Bitcoin ETFs when the spike occurred, amidst general market euphoria.

Four meme coins beat Bitcoin in the first half of 2024, according to Forbes. The American business magazine lists gains of 1,300%, 800%, 418%, and 67% for Dogwifhat, Pepe, Floki, and Shiba Inu, in that order. Dogecoin, the Bitcoin of meme coins, has increased by 35% so far this year, but it hasn’t surpassed Bitcoin’s 61% gain.

• In the first half of 2024, meme coins were among the cryptocurrency market’s highest earners.
• As meme coins establish themselves as a legitimate asset class, these reports indicate a change in investor mood and market interest.
• For the industry, BitMEX Exchange and VanEck both implemented tracking indices.

Retail Investors’ Interest in Meme Coins Increases

Meme coins are well-positioned for big returns in 2024 due to their status as the preferred option for speculative liquidity. This is during the bullish H1 of the cryptocurrency market, which has been led by several uplifting developments. As early as late 2023, the Avalanche Foundation anticipated this and pledged to promote programs that are varied and have cultural significance.

Retail investors are drawn to meme coins because they offer the same opportunities as venture capitalists during seed, pre-seed, and private sale rounds,

Jonas Dovydaitis, Co-Founder & CEO at PAiT

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