Although Bitcoin (BTC) has made history on several fronts this year, 2024 was the year of the meme coins. There has been a lot of hype surrounding these useless coins, and they can proudly call themselves the best performing coins of the crypto market.
The high returns naturally attract many investors, but a new study from Binance even shows that many crypto owners prefer memecoins over Bitcoin.
Prefer memecoins over bitcoin
Binance, one of the largest crypto exchanges in the world, conducted a survey where participants could share their perceptions about the current state of the crypto market and their expectations for next year. Yesterday, the exchange shared the results of the so-called ‘Binance Global User Survey’, in which a total of 27,230 users participated.
The most striking result is that memecoins are among the most popular assets of the participants. 16.1% indicated that they had invested in memecoins. To what extent can you call that investing, of course? This was followed by bitcoin (BTC) with 14.44% and Binance’s own BNB (BNB) with 14.23%.
Memecoins were also one of the most promising niches for next year for the participants. People have the highest expectations for AI tokens – as many as 23.89% think AI tokens will lead the market in 2025. Among memecoins, 19.09% are confident that they will steal the show for the second year in a row. This is followed by DeFi tokens with 12.37% and layer-1 tokens with 12.28%.
It is no longer a surprise that memecoins are so popular among investors. The coins have a low barrier to entry (they are easy to understand) and there are countless examples that have increased in value by thousands of percent in a short time. In any case, you don’t have to do it for the technology. Many crypto and blockchain purists find the rise of memecoins a worrying trend in the world.
Many newcomers
Another noteworthy result is that almost 45% of respondents indicate that they only entered the crypto market this year. This high percentage is of course entirely due to the rising crypto prices. It’s just the nature of humanity: the better the races perform, the more people want to get in on the action.
The main reason to get involved is, how could it be otherwise, the potential for rapid increases in value. 22.4% of respondents cited this. Decentralization and financial independence were also key drivers, influencing 17.78% of participants.
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Source: https://newsbit.nl/memecoins-populairder-dan-bitcoin-opvallende-resultaten-uit-binance-onderzoek/
