Google search volume for Bitcoin hit an annual low on October 12, 2024, while interest in memecoins is exploding, reaching all-time highs. This unexpected move marks a turning point in the world of cryptocurrencies, where funny and unprofessional signs seem to be distracting from the pioneer of digital currency. Explains a phenomenon that shakes established codes.
Interest in Bitcoin plummeting on search engines
According to the latest data from Google Trends, the craze for Bitcoin seems to be stopping at the end of 2024. The search index is for the keyword “Bitcoin”. dropped to 33 on a scale of 100its lowest level since the beginning of the year. A big juice that is different from the interest levels seen in the main uptrends in previous years.
This An obvious dissatisfaction for the cryptocurrency queen raising questions about the evolution of investor preferences and the general public. Bitcoin, long considered the standard bearer of the digital currency revolution, he seems to lose his aura for the benefit of new, more fun and unrestricted actors.
The tidal wave of memecoins: an unprecedented craze
While Bitcoin struggles to garner the interest of Internet users, impact of memecoins and force themselves as the crypto awareness for the year 2024. There are searches for the term “memecoin”. increased to 77 out of 100 during the same period, showing an insatiable appetite for these signs fueled by Internet jokes and viral memes.
This awesome crack should research memecoins to reach new highs by the end of October. A success that exceeds all predictions and shakes up certainty in the constantly changing crypto ecosystem.
Memecoins, undoubted stars of the crypto market in 2024
Not content with generating unprecedented media buzz, memecoins are establishing themselves as the best performing digital assets in 2024. Their meteoric rise is reflected in the proliferation of new tokens launched, especially on the blockchain Solana.
Some sobering figures show this rush towards memecoins:
- more than 491,000 new tokens created on Solana from September 12, 2024
- next to 20,000 new tokens launched in 24 hours until October 9, 2024
- A market capitalization exceeds $10 billion for memecoins Solana
- And daily trading volume of $2.3 billion in this section
Platforms like Pump. A joke forward Solana or Solar pump forward Through riding this wave helps to create funny signs in a few clicks. Democratization that contributes to the incredible growth of this alternative ecosystem.
Dangers and criticisms that call for caution
If the euphoria around memecoins is visible, voices are being raised warn of dangers of this inappropriate world. Billionaire Mark Cuban, known for his support of cryptos, announced the memecoin trade a “speculative and extremely dangerous”.
In particular, he warns against possible rug pulling scamswhere token creators disappear with investors’ money after an artificial price pump. Something that unfortunately appears again in a place that is still poorly managed.
Beyond financial risks, some observers deny their innocent and irresponsible nature of this rush towards memecoins. They fear that this will tarnish the image of cryptocurrencies and distract from more risky and useful projects.
Despite these objections, it is clear that memecoins continue to grow and shake up the established codes of the crypto world. It remains to be seen whether this craze will last longer or give rise to a new speculative bubble. One thing is certain: in 2024, memecoins will be the talk of the town and will not leave anyone indifferent.
My name is Marie, I am 31 years old and I specialize in artificial intelligence and economics for this magazine. My job is to research current events to bring you the most accurate and relevant information. For me, information is a conversation, a human story that deserves to be told with understanding and urgency.
