According to CryptoQuant on-chain analyst Darkfost, the dominance of meme coins relative to the altcoin market has dropped to its lowest level since February 2024. The cited metric is the ratio of the total market cap of meme coins to that of altcoins, used to gauge the heat of the meme coin market. Data shows that the meme coin rally in November 2024 once pushed this ratio above 10%, but it has now fallen back to 3.7%.

MEME-1.29%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned