Connect with us

Hi, what are you looking for?

Memecoins
Memecoins

Cryptocurrency

Memecoins Soar Following Binance Listings: 80% See Major Gains in 2024

By 2024, Binance has played a critical role in the meteoric ascent of memecoins, with 80% of tokens listed on the market seeing significant price gains. Notable success stories include Neiro, which increased by 7,600%, as well as other tokens such as Moo Deng and Popcat, which experienced large gains. However, not all tokens performed well, and investors should be aware of the risks associated with these volatile assets.

Binance has emerged as a crucial player in the memecoin boom by 2024, with 80% of tokens listed on the site experiencing significant price increases. The significant price gains highlight the significance of listing on the world’s largest cryptocurrency exchange.

Among the success stories, Neiro (NEIRO) stands out with an amazing increase of approximately 7,600%. Other memecoins, including Moo Deng (MOODENG), Dogwifhat (WIF), and Popcat (POPCAT), had huge rises of more than 200% after listing. However, not all memecoins experienced price increases; some, like Mog Coin (MOG), Myro (MYRO), and Book of Meme (BOME), experienced price drops following their listing.

The Solana blockchain powers many of the memecoins listed in 2024, accounting for 60% of the tokens. Ethereum follows with almost 27%, while the remaining tokens originate from Binance’s BNB Smart Chain and the Base network.

Despite the overall success of tokens listed on Binance, we advise investors to proceed with caution. Historically, most memecoins have failed to maintain their value, with the vast majority eventually disappearing from the market. People often view Binance’s listings as proof of legitimacy, but only a handful of these tokens manage to achieve long-term success.

Advertisement

You May Also Like

Cryptocurrency

The Polish Financial Supervision Authority (KNF) recently issued a public warning about Crypto.com's operations, citing potential regulatory violations. This advisory, while not an outright...

Business

WalletConnect Foundation and Reown have announced new UX standards for blockchain wallets to improve interactions and increase adoption. Through WalletGuide and WalletConnect Certified, they...

Cryptocurrency

Beginning in mid-2025, Detroit citizens will be able to pay taxes and local fees using bitcoin, as part of a new drive to modernize...

Cryptocurrency

In this week's Crypto Chronicle, we explore the potential impact of Donald Trump's presidential victory on the crypto world, Elon Musk's massive $20 billion...

polkadot
Polkadot (DOT) $ 5.02 1.88%
bitcoin
Bitcoin (BTC) $ 89,935.10 2.88%
ethereum
Ethereum (ETH) $ 3,202.28 0.85%
cardano
Cardano (ADA) $ 0.570093 4.90%
xrp
XRP (XRP) $ 0.696221 2.07%
stellar
Stellar (XLM) $ 0.122675 5.49%
litecoin
Litecoin (LTC) $ 75.03 0.75%