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Global Survey Reveals Interest in Crypto Meme Coins is Rising

Liputan6.com, Jakarta – Recently, the results of a survey by global crypto media AMBCrypto, involving 557 respondents from various parts of the world, showed that 53.7% of traders, investors and analysts preferred meme coins to Bitcoin.

Survey respondents not only stated their preferences, but also allocated a portion of their portfolios to meme coins inspired by memes and other viral online images. As many as 36.8% of respondents have invested in meme coins.

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Additionally, 25.5% invested in AI-themed tokens, and the DeFi and GameFi sectors attracted 25.5% and 15.4% of respondents, respectively.

Responding to the survey, Crypto Analyst Reku, Fahmi Almuttaqin said that the popularity of meme coins is inevitable. Meme coins or often called memecoins are one of the sectors in crypto assets that is growing significantly.

“Not only can its volatility be used to optimize returns, but also its presence is based on the latest trends,” said Fahmi in a press release, quoted Wednesday (5/6/2024).

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Fahmi added that there are memecoins that utilize the name and brand of the former president of the United States, for example MAGA (TRUMP) and SUPER TRUMP (STRUMP) which have also attracted the attention of investors and recorded an increase in ownership recently.

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In terms of market performance, memecoin also shows quite competitive performance compared to other crypto assets.

For example, while the price of Bitcoin has risen by 53.32% Year-to-Date (YTD), this increase is not comparable to the performance of memecoins, especially those based on the Solana (SOL) blockchain. Like the value of dogwifhat (WIF) soared up to 1,768% this year, while Bonk (BONK) recorded an increase of 123%.

“Another memecoin that is worth paying attention to is PEPE, which recorded a 945% increase even though Ethereum (ETH) performance was somewhat slow,” continued Fahmi.

In addition, when the survey was published, there was an increase in the number of PEPE memecoin owners, from less than 160,000 in February, to 238,000 on May 31.

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“The nearly 50% increase in less than three months shows that the memecoin supercycle may not stop anytime soon,” he added.

Disclaimer: Every investment decision is in the hands of the reader. Study and analyze before buying and selling Crypto. Liputan6.com is not responsible for profits and losses arising from investment decisions.

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Global Survey Reveals Interest in Crypto Meme Coins is Rising

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