GMCI data shows that Meme Sikka rally has cooled down, although Meme coins still have a strong lead on bitcoin and atherium.
Gmci meme indexWhich tracks the coins of the leading memes leading by market capitalization is about 60% below its December high level. Despite this decline, the GMCI Meme (730 points) still maintains a strong lead over bitcoin (BTC), which is currently sitting on 451 points, and is Ethereum (Eth) on 199 digits. The GMCI 30 index, which represents the selection of top 30 crypto assets, is at 287.
The GMCI Meme index began its rapid climb at the end of 2023, moving above 1,000 points in 2024. This boom left bitcoin and atheram by a significant margin, which was obtained to the coins of the sheer speed meme during the year. December 2024 Report by Koingko It was discovered that Meme coins took about 15% of the total investor interest, leaping 6% from the previous year. Ahead, Full-year analysis of benance In 2024, strengthened the dominance of the meme coins, reported an annual profit of 212% for the sub-region. This bounce was largely affected by the popularity of the pump. Fun, a meme coin launchpad, which launched more than 5.7 million new projects and generated more than $ 400 million revenue throughout the year.
While reflecting the decline in GMCI meme, market analysts have begun to comment on the cooling of the meme coin area. recently Post on XCEO of Cryptoctive, Ki Young Zoo said that while the promotion around the meme coins will fade and the market will develop in a more sustainable market by 2030.
This perspective aligns with the view of the wider industry that the meme coin can be at its peak, which gives way to the prominence of an-e-element tokens. Haseeb Qureshi, Managing Partner at Dragonfly Capital, Shared on X The coins of that meme are likely to lose market stake for A-eincent coins.
However, the fact is that Meme coins have still performed better according to BTC and ETH. Gmci meme indexThe meme coin story is still strong – at least, for now.
