AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Potential Upside of Meme Coins in the Crypto Market
The meme coin sector currently has a market cap of only 59 billion dollars, but it is projected to increase significantly to 500 billion to a trillion dollar market cap, indicating potential for substantial growth. This market cap represents less than 5% of the total market cap for the entire crypto industry, which is currently at 2.6 trillion dollars. Compared to the previous cycle where layer ones were popular, this cycle is expected to favor meme coins on a larger scale, potentially leading to significant gains.