Meme Coin Frenzy Peaks in US and India, According to Study
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The meme coin craze has reached new heights, with the US and India leading the pack, according to a recent study. These digital currencies, often based on popular internet memes and characterized by their playful themes, have captured the attention of investors and enthusiasts alike. As more people flock to invest in these unconventional tokens, the study’s findings shed light on the global appeal and the growing influence of meme coins in the world of cryptocurrency.
A study reveals that the US and India are experiencing the highest meme coin trends. According to research conducted by CoinGecko, various countries around the world are embracing meme coins, with the United States, India, and the United Kingdom at the forefront. The data indicates that the top 10 countries account for 82.9% of the attention and are driving the trend, showcasing its popularity and reach across diverse regions and economic backgrounds.
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In 2023, meme coins have gained significant popularity, with the US and India propelling this growth. Meme-based altcoins are commonly referred to as meme coins in the cryptocurrency world. Recent statistics reveal that this year, 23.6% of the top meme coins have originated from the United States, with over 2 million visits to the most popular meme coin websites. Among these sites, Shiba Inu generates 60.7% of interest and is the most widely recognized meme coin in the country. Pepe, Bonk, and Volt Inu are a few other well-known coins.
India Emerges as a Major Contributor
Moreover, based on CoinGecko data, India emerges as a significant global contributor to the meme coin frenzy, accounting for 20.3% of the interest. The most popular coin in India is Shiba Inu, which represents 55.8% of the interest in digital assets there. Baby Doge Coin has also generated considerable interest in India, accounting for 29.9% of the country’s overall fascination with meme coins.
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These figures indicate that, despite discussions surrounding the bitcoin relief rally and overall market volatility, meme coins are gaining increasing popularity and acceptance among the general public in the cryptocurrency sphere.
Over a third of the top 1,000 cryptocurrency projects, encompassing both cryptocurrency companies and individual tokens, have not added any new features to their websites since 2023.
A recent report by #blockchain marketing agency @GuerrillaBuzz revealed that more than a third of the top 1,000 cryptocurrency projects, which include both crypto companies and individual tokens, have not published a single new article on their respective websites in 2023. This…
— ༒•∂ᖇ◎𝕎𝓧ᵉŞ•༒ (@Drowxes) May 4, 2023
A surprising 35.8% of the top 1,000 cryptocurrency projects have not updated their websites with any new content this year, according to a May 1 research report by blockchain marketing agency Guerilla Buzz. Their clients include companies such as CoinGecko and cryptocurrency exchange AAX.
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According to the research, only 49.7% of these 1,000 projects have published more than two new articles so far in 2023. The research methodology, as stated in the report, was “labor-intensive” but “straightforward.” First, researchers manually examined each of the top 1,000 crypto projects’ associated websites to see if there was a blog. From there, they looked at the volume of existing articles and the number of new blog posts published in 2023.
