Crypto Market Trends 2024: CoinGecko Report Reveals Surprising Insights

Crypto Market Trends in Q2 2024: CoinGecko Report Uncovers Key Insights

According to CoinGecko's latest crypto assessment released on July 16, projects in the meme coin, real-world asset (RWA), and artificial intelligence (AI) sectors emerged as the most popular, capturing % of all site traffic in the quarter.

Meme Coins Reign Supreme

Meme coins, inspired by internet memes and trends, dominated CoinGecko's crypto narrative chart, accounting for % of all listed crypto categories. Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Dogelon Mars (ELON), and Bonk (BONK) were among the top five performers. Data from CoinMarketCap shows a 2.8% increase in the total market capitalization of meme coins over the past 24 hours, reaching $5.9 billion.

Real-World Assets and AI Gain Traction

RWAs and AI also played a significant role, mirroring trends observed in Q1. In the second quarter of 2024, Ethereum added 120,000 ETH to its circulating supply.

Key Market Highlights

• Meme coins, RWAs, and AI dominated crypto market narratives, holding % share.
• Meme coins led with four of the top 15 narratives.
• Solana and Base emerged as popular blockchains for meme coins.