One of the defining keywords in the cryptocurrency market for 2024 was undoubtedly “Memecoins.” From Pepe to Shiba Inu and countless emerging meme projects, Memecoins became the spotlight of the year, drawing significant attention from investors and enthusiasts alike. But why did Memecoins dominate the market narrative in 2024? In this article, we’ll analyze this phenomenon with data, trends, and investor behavior to uncover the reasons behind their meteoric rise.

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