Top meme coins grew by more than 1000%

Cryptocurrency experts note that in 2024, the meme coin market exploded, showing significant gains. The largest increase was shown by the cryptocurrency Popcat (POPCAT), which grew by 23.895% over the year, reaching a market capitalization of almost $ 1.9 billion and the position of the eighth largest memecoin on the market. Recently, Popcat reached an all-time high of $ 1.99, and the trading volume increased by 66%.

Other meme crypto assets, such as dogwifhat (WIF) and Pepe (PEPE), have also experienced significant growth: WIF has grown by 2575% and Pepe by 1246% since the beginning of the year. The listing of these tokens on Coinbase has increased their value, with Pepe up 80% and WIF up 41% over the past day.

Despite the fact that Dogecoin DOGE $3.28 Department of Gov Efficiency -1.20% Market capitalization $33.22 million VOL. 24 hours $1.46 billion , the largest meme-coin, has grown by 333% this year, it is showing steady growth thanks to the attention of Elon Musk. The controversial billionaire is supporting the newly created «D.O.G.E.» (Department of Government Efficiency) in the Donald Trump administration.

Previously, Musk actively supported Dogecoin, offering to use it to pay for Twitter Blue subscriptions and sell Tesla products. In August 2024, Musk ironically responded to Donald Trump’s offer to join his team by posting his image with the inscription D.O.G.E.

Overall, the meme coin market expanded by $ 95 billion in 2024.