( MENAFN - PR Newswire) SINGAPORE, Oct. 29, 2024 /PRNewswire/ -- HTX Ventures, the global investment division of HTX, today unveils its latest research to discuss one of the hottest sectors in crypto this year, the meme coins. It has always been a popular topic within the crypto community, but in 2024, some new trends have emerged to drive the meme coin craze to a new level.
This report, titled 2024 Meme Sector Analysis: From viral Spread to Ecosystem Beachhead , aims to probe into the current state and developmental characteristics of meme coins to explain how the paradigm has been changed, helping readers better understand the sector. The report started with why meme coins have the magic to trigger craze. "The dissemination of internet memes is in many ways similar to the spread of infectious diseases," it said.
A meme depends on its users' sharing to rapidly spread. Once it hits a popular social network, it can "infect" a large number of users, especially when it is met with strong emotional responses or features elements that are easy to imitate. Users with a large following can substantially accelerate the dissemination of memes, just like "superspreaders" of diseases.
The crypto world is witnessing a massive meme coin surge, which started in early 2024 and is still lasting. The report continued with the new characteristics of the meme coin sector in this cycle. The emergence of meme coin launchpads, such as pump and SunPump, is a game-changer.
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