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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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Dare to trade. Dare to win.
Meme coin market capitalization突破500亿美元 DOGE and frog series lead the trend
Meme zone market capitalization reaches 50 billion dollars Frog and DOGE compete
Recent data shows that the market capitalization of the Meme zone has reached an astonishing 50 billion dollars, equivalent to over 300 billion yuan. This figure not only surpasses the market capitalization of the liquid staking zone but also far exceeds the total market capitalization of popular tracks such as the NFT market and Layer2/Depin.
The trading volume of Meme coins has also reached four billion dollars, with a liquidity ratio of 8%, indicating a very high level of market activity. This phenomenon has sparked widespread discussion within the industry regarding the investment value of Meme coins.
The Rise of Meme Coins
In May of this year, a report released by a certain trading platform pointed out that the Meme zone has surged by as much as 331% this year, far surpassing other cryptocurrency zones. Compared to traditional projects, Meme coins typically have full circulation upon listing, avoiding the selling pressure from subsequent unlocks.
In recent years, Meme coins have frequently created myths of sudden wealth, attracting the attention of a large number of investors. For ordinary users, compared to VC coins, which are difficult to obtain at low prices for quality project shares, Meme coins seem to offer more opportunities.
DOGE series dominates the market
In the top ten of the Meme market capitalization ranking, DOGE-related coins occupy six positions, the frog series occupies three, and one is cat-related. Among them, the number one DOGE coin has a market capitalization of over 17 billion USD, accounting for 35% of the entire Meme zone's market capitalization.
Recently, several dog-themed tokens based on different public chains have also achieved significant results. For example, the DOGE launched on a certain public chain brought early investors a hundredfold return within a year. Another "Hat Dog" token also surged to the fourth position in market capitalization rankings in a short period, reaching over two billion dollars.
The Frog Series Rises Quietly
While DOGE dominates the cryptocurrency space, frog-themed Meme coins have also shown strong growth momentum. Among them, the most notable is a certain frog coin, which, despite being listed for just over a year, has already entered the forefront of the Meme zone in terms of market capitalization.
The success of this frog coin is closely linked to the rich cultural connotation behind it. It is not only popular on social media but has also appeared in multiple political movements, demonstrating strong cultural influence.
The Influence of Creators
It is worth noting that several successful frog-themed Meme coins originate from the works of the same cartoonist. Other characters created by this artist have also been developed into Meme coins, with market capitalizations ranging from tens of millions to over a hundred million.
Industry insiders believe that as the competition in the Meme zone becomes increasingly intense, projects with deep cultural background and creative sources may stand out in the future. While investors pay attention to currently popular projects, they should also closely monitor emerging creativity and potential hits.