A look at the best performing memes in each quarter of 2024: Themes rotate, but memes remain strong
author:Eli Nuss
Compiled by: Xiaobai Navigation coderworld
Over the past year, Memecoin has beencryptocurrencyIts total market capitalization has now exceeded $100 billion, making it larger than decentralized finance (DeFi) and even larger than decentralized infrastructure networks (DePIN), games, and the metaverse combined.
Given the size and diversity of this asset class, we seek to map its full landscape to identify potential investment opportunities.
We analyzed the top performing tokens in each quarter this year, and the results confirmed our suspicions: Memecoin dominated the list every quarter.
In the first quarter,$POPCAT,$WIF,$MOG and $MYRO Outstanding performance.
Second quarter standouts include $PONKE,$SPX,$TURBO,$GIGA,$WOJAK,$BRETT and $MOG.
By the third quarter,$SPX,$GIGA,$FUD and $MUMUIt has become the best performing Token.
When trying to apply the methodology to Memecoin, you quickly realize the importance of understanding the “meta trend”.cryptocurrencyDomains are universal phenomena, but in Memecoin their importance is greatly magnified. Below is an expanded timeline designed to highlight some important “meta-trend” shifts and origins.
Before 2021, there was mainly only Dogecoin on the market. Then, Shiba Inu was launched and was seen as the first real Dogecoin killer. People naturally flocked to Shiba Inu, hoping to replicate the success of Dogecoin. This desire to find the "next hot coin" eventually formed a "meta-trend". The success of Shiba Inu triggered a craze for various dog- and Elon Musk-related memes in 2021, becoming the first real Memecoin meta-trend. In 2023, Pepe brought frog and boy club-related memecoins. By the end of 2023, the emergence of Bonk and Wif established Solana as the mainstream meme chain, eventually giving birth to pump.funThis sparked widespread Memecoin mania in the first quarter, with new “meta-trends” forming almost every week or even every day. After reaching a peak in March, the market cooled off during the summer.@MustStopMurad Proposed Memecoin Communityand network effect understanding frameworks became very popular, attracting a lot of money into "cult coins" like SPX6900. Recently, as Bitcoin finally began to break out, we have seen a resurgence of market enthusiasm and a new "meta trend" around @truth_terminal of $GOAT, cute hippo $MOODENG and $PEANUT Formed, may he rest in peace.
Since there are so many different “meta trends”, we try to segment the market by category.
可以看到,狗币依然是 Memecoin 的主导板块,这主要得益于 Dogecoin 的推动。几周前我们开始整理数据时,Sentient AI 类别几乎不存在,而 Martyr 类别实际上也还未成型(向最早的 $Harambe 致敬)。这表明这一资产类别正在迅速演变。
It’s no surprise that Dogecoin’s dominance has been declining since Pepe was launched.
This trend seems set to continue as new “meta-trends” continue to emerge and different areas are pushed to the forefront.
For example, cryptocurrencies like $bitcoin gained traction in 2023 when there wasn’t much new money in the market, but starting later that year, some new capital entered the market, allowing crypto culture to gradually give way to broader Internet culture (such as $giga,$npc wait).
As we mentioned before,$goat and $peanut The rapid rise of AI memes is astonishing. Although many AI memes have already reached nine-figure market capitalizations, it may be too early to classify them from "meta trends" into a new category.
Other categories such as celebrity tokens and political memes also saw growth earlier this year but have since faded.
Over time, Memecoin could become a microcosm of the entire crypto market, with Dogecoin taking on a similar status to Bitcoin (BTC).CommunitySome may be held for the long term, but most are likely to be short-lived like the NFTs of 2021.
Still, it’s clear that there’s huge opportunity in getting a head start on a new meme or meta-trend.
I expect thatInternet Culture and Sentient AI will be the fastest growing category.Internet memes are already widely accepted and have a rich cultural background, which gives them a natural advantage over other categories. Sentient AI combines the most cutting-edge technology with the most volatile asset class, and seems poised to continue to expand its dominance in the meme market.
In terms of emerging categories, there is always the opportunity to introduce new animals - there is surprisingly little attention paid to zoo animals (tigers, giraffes, zebras, etc.). As for completely new content, existing fan bases (superheroes, sports, etc.) may be able to be realized in creative ways.Tokenchange.
Regardless, I'd love to hear feedback or other ways of looking at the market. Please note that this is in no way financial advice.
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