- Binance added 17 memecoins in 2024, with sturdy positive aspects throughout most tokens and various blockchain illustration.
- Memecoin market cap on Binance exceeds $100 million, highlighting rising curiosity and adoption in crypto communities.
According to crypto fanatic Ai, Binance has emerged as a key participant in the memecoin market by 2024, with 15 memecoins listed for futures and spot buying and selling. Of these cash, eighty % have seen a notable market cap improve following platform itemizing this yr alone.
Especially after its Binance launch, NEIRO’s worth shot an unbelievable 7,594% to seize the curiosity of the crypto group and present the good promise of memecoin markets.
更新：上午刚发完汇总，下午就有新消息了hh
截至目前，币安上线 Memecoin 数量更新为 17 个， $ACT 和 $Pnut 均为 Solana 代币，成为币安今年上线的第六和七个现货 Meme，目前市值和涨幅情况如下
– ACT：市值 2.73 亿美金，短时涨幅 1199%
– Pnut：市值 3.39 亿美金，短时涨幅 208%图片更新如下👇 pic.twitter.com/pm2dWpd71a
— Ai 姨 (@ai_9684xtpa) November 11, 2024
Animal-Themed Memecoins Dominate as Solana Leads in Blockchain Choice
Reflecting a bent in the inventive choices of the market, 80% of the 15 talked about memecoins have embraced animal-themed memes. Of them, 60% run on the Solana blockchain, 26.7% on Ethereum’s mainnet, and the remaining on Binance Smart Chain (BSC) and Base. These community distributions match the bigger memecoin development house for this yr.
Furthermore, indicating a seasonal spike, a lot of the memecoins proven on Binance—about 73%—had been launched between August and November. Only 5 of those memecoins, in the meantime, had been concurrently accessible for spot and futures buying and selling, implying a restrained method by Binance on spot commerce listings.
With WIF holding the best market capitalization at $2.51 billion and NEIRO representing the decrease finish at about $102 million, the entire market cap of all energetic memecoins on Binance has already topped $100 million. Though most of those memecoins have seen notable will increase, some haven’t.
Among the three tokens whose market cap has considerably dropped following the list-off are MOG, BOME, and MYRO. This selection reveals the a number of receptions and performances amongst these tokens.
Inclusive Listing Approach Spurs Positive Market (*17*)
Given no clear market cap standards for inclusion, Binance’s methodology of itemizing memecoins appears relatively inclusive. From tokens with market capitalization as little as $15.49 million to these skyrocketing to $881 million, this open-minded method emphasizes Binance’s deal with group engagement and market demand relatively than merely token price.
Analyzing Ok-line knowledge reveals clearly how Binance listings have an effect on memecoin efficiency. Tokens normally present a robust constructive line in their value charts based mostly on Binance’s itemizing bulletins, which signifies on the spot curiosity and an increase in buying and selling quantity.
Moreover, a transparent tendency for buyers monitoring memecoin improvement is the long-term influence of spot listings normally having a extra steady favorable impact on token costs.
New Solana-Based Tokens Boost Binance’s Expanding Memecoin Portfolio
With two new Solana-based tokens, ACT and Pnut, the sixth and seventh memecoins launched on the platform this yr, the present depend of memecoins listed on Binance has now risen to 17.
With a short-term achieve of 1,199%, ACT’s market cap has climbed to $273 million; Pnut’s market cap, then again, marks a 208% progress following list-off. These additions spotlight the probabilities of this blockchain and present Binance’s growing dedication to the Solana ecosystem.
According to CNF, the memecoin market is rising considerably; its market share will rise from 0.87% in 2022 to 2.58% in 2024. Tokens with animal and cult themes have gotten an increasing number of in style, and their long-term potential is clearly higher.
Memecoins have now exceeded the dimensions of quite a few different crypto market classes, with a mean day by day buying and selling quantity of over $5 billion and a complete market worth of virtually $50 billion.
