Meme Coin Sector Introduces Crypto To A Wider Audience, May Become New Asset Class, Messari Says 

The meme coin sector plays a vital part in the crypto space and might even become a new asset class, said crypto research firm Messari.

“Crypto is often criticized for not having use cases for the average Joe, and that is a fair comment,” said vice president of research Maartje Bus at a conference in Seoul on March 28. “But meme coins actually have been successful, consistently, in bringing people on-chain.”

Meme coins are a kind of ”Trojan Horse” in the way they introduce investors to key crypto concepts, including decentralization, crypto wallets, and other applications, she said.

Because of that, meme coins have the potential to evolve into something beyond their current reputation as just being for fun, Bus said. 

Solana Meme Coin Mania

The meme token market is going through a period of rapid development, with coins launched within the Solana ecosystem recently gaining considerable attention from crypto investors.

There have been many success stories of traders amassing millions of dollars in profit as a result of the hype.

One trader managed to turn $72,000 into $30.2 million after Binance, the leading crypto exchange in terms of volume, announced that it would list Book of Meme (BOME). The token’s price surged, causing the meme coin’s market cap to jump by nearly $1 billion within just the first two days of trading.

Dogwifhat (WIF), another Solana meme coin, managed to set a new all-time high recently, while Book of Meme (BOME) scored a coveted listing on Binance, the world’s biggest crypto exchange

Investors are now waiting to see if new SOL memecoins Slothana (SLOTH) and Smog (SMOG) will attract Binance’s attention. SLOTH has already raised more than $1.5 million within days of its presale going live.

Meanwhile, SMOG has teased an upcoming exchange listing as the second season of its airdrop kicks off.  

Related Articles:

  • Best Crypto to Watch in 2024: Top 5 Cryptocurrencies with High Potential
  • Slothana Crypto ICO Trends On Twitter, Next Solana Meme Coin To Go Viral After $SLERF And $BOME?
  • Mantle Price Prediction: MNT Goes Ballistic With 36% Surge As This World-First AR/VR Presale Charges Towards $3M

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