VanEck exec urges crypto projects to ‘mimic’ memecoins – Here’s why
- Memecoins captured a 14.3% market share in Q2, 2024, highlighting significant investor interest.
- Simplified token designs and reduced locked allocations of memecoins promote healthier, sustainable market conditions.
In 2024, the rise of memecoins has sparked a notable surge in market interest, quickly becoming one of the most prominent trends in the cryptocurrency space.
CoinGecko’s recent report revealed that memecoins led market narratives in the second quarter, claiming 14.3% of the market share, a trend consistent since the year’s beginning.
Source: CoinGecko
VanEck exec urges crypto projects to…
Addressing this phenomenon, VanEck portfolio manager Pranav Kanade emphasized that memecoins embody four critical elements…
