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With the king of crypto, Bitcoin, hitting a brand new all-time excessive (ATH) of $76,956 on Friday following Donald Trump’s victory within the U.S. presidential election, buyers are flocking to digital property at a speedy tempo. This surprising rally displays rising confidence in crypto, as retail buyers eagerly search the following massive tokens, together with these within the memecoin house.
A current report from CoinGecko revealed that memecoins captured over 17% of internet site visitors in Q3 2024. Moreover, Solana-based memecoins and AI-related tokens every accounted for about 9.81% of site visitors, indicating robust curiosity in these segments.
The memecoin house, traditionally recognized for delivering vital positive aspects, continues to seize buyers’ consideration. One other report highlights the Tron community’s spectacular $151.2 million income in Q3, largely pushed by memecoin launches on its SunPump launchpad.
Different platforms like Pump.enjoyable, Fomo.fund, Grafun, and others are additionally drawing rising curiosity from creators, players, retail buyers, airdrop hunters, and crypto lovers. This surge is fueled by simplified token-launching processes and the potential to introduce 100X meme tokens.
Binance Analysis Reveals 97% of Memecoins Are Lifeless
Given the unstable nature of the crypto market, it’s essential to differentiate between hype and potential within the memecoin house. With new meme tokens showing every day, many are right here one second and gone the following. A report by Binance crypto alternate on Nov. 4 delves deeper into the memecoin panorama, noting that memecoins are extremely speculative and closely reliant on market sentiment.
The info reveals that round 97% of those digital tokens have already grow to be inactive, with solely 3% managing to outlive. Moreover, 75% of meme tokens with non-zero buying and selling volumes have been launched between 2023 and 2024. The Binance memecoin report highlights the next insights:
- Round 97% of those digital tokens have already grow to be inactive, with solely 3% managing to outlive.
- 75% of meme tokens with non-zero buying and selling volumes have been launched between 2023 and 2024.
- Memecoins have been the top-performing sector year-to-date, with a staggering 279% return, attracting vital curiosity.
- Coinbase’s Ethereum Layer-2 chain (Base) and Solana (SOL) are the main blockchains driving the memecoin surge.
- Meme cash supply helpful classes in neighborhood constructing and truthful token launches, highlighting blockchain’s capability to unite world communities.
Fomo.fund’s AI Agent Platform on Solana
Having stated that, platforms like Fomo.fund conduct thorough due diligence earlier than launching tasks. Fomo.fund not solely assists token creators by providing a simplified launch course of but in addition prioritizes transparency and neighborhood help.
The platform emphasizes a good launch system and employs a bonding curve mannequin, permitting token costs to regulate dynamically primarily based on provide and demand, making certain constant liquidity. Moreover, Fomo.fund integrates gamification into token acquisition, encouraging neighborhood engagement by means of enjoyable, easy video games the place customers can earn tokens.
The current launch of Fomo.fund’s AI agent platform on Solana marks an thrilling enlargement past memecoins. The world’s first launchpad for AI brokers permits these digital personas to study, work together, full duties, create content material, and promote their very own tokens on social media platforms like X, Telegram, TikTok, and YouTube.
With the initiation of its first Preliminary Agent Providing (IAO), Fomo.fund has dedicated 15% of its $FOMO token provide to early neighborhood members by means of a pre-sale. With an lively consumer base of over 12 million on Telegram, the pre-sale is predicted to promote out shortly amid robust neighborhood curiosity. These AI brokers usually are not simply bots however, because the platform claims, totally autonomous digital personalities. As pleasure builds for the pre-sale, a token itemizing on exchanges can also be anticipated.
Whereas Fomo.fund is redefining the digital asset panorama by combining memecoins with groundbreaking AI-driven brokers primarily based on Solana, it’s value noting that the Solana memecoin market surged by 30% previously 24 hours, reaching $12 billion. Though the AI agent continues to be a comparatively new idea, the full market cap of the AI agent sector has already reached $5 billion.
Conclusively, amid shifting political dynamics, the crypto market continues to surge as buyers lean towards trending property, significantly within the memecoin house. With high-profile figures embracing the mix of AI and memecoins, it’s important to acknowledge that whereas the potential is excessive, the crypto house stays unstable.