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@cryptotalko
𝑰𝒕 π’”π’†π’†π’Žπ’” π‘·π’–π’Žπ’‘ 𝑭𝒖𝒏 π’•π’‚π’Œπ’†π’” π’Šπ’•π’” 𝒍𝒂𝒔𝒕 𝒃𝒓𝒆𝒂𝒕𝒉. According to Dune Analytics, the total success rate of tokens is 1.41%. That means nearly 98.6% of memecoins don't launch. Among all the 1.58 million coins created, only 22,300 came out. And even less of them gave x100 or x1000. Tbh, no new coins crack the $20 million FDV level right now The situation wasn't better at the beginning of 2024; on February 16th, memecoins reached 2.56% of success. That means nearly 98.6% of memecoins don't launch. Among all the 1.58 million coins created, only 22,300 came out. And even less of them gave x100 or x1000. Tbh, no new coins crack the $20 million FDV level right now The situation wasn't better at the beginning of 2024; on February 16th, memecoins reached 2.56% of success. Still, people are keep trading them, which is fine, and pumping fun earns money. Only during July 29, this platform got $864,000. Ethereum that time ge…
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cryptotalk
@cryptotalko
Another case that is gaining popularity right now is the rugs of celebrities Everyone remembers the run of celebrity tokens during May and June. But it's already August... And most of them lost -99.9% of value. The average drop is 94%. The best-performing ones faced a drop in more than 70%. And only 8 tokens have a market cap bigger than $1 million. Despite this, memecoins are important for crypto. β—Ύ They give emotions we all looking for. Like a casino in Web2 β—Ύ They give the possibility to earn enough money to retire the whole bloodline β—Ύ They have a higher chance to bring masses to crypto β—Ύ Internet lies on a meme culture. So we can't ignore it Funny enough, memecoins have a capitalization of $44.94B. That's almost 2% of the whole crypto industry. And that's only the beginningπŸ‘€
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