Memecoins Outpace Bitcoin in Popularity, Binance Survey Reveals
A comprehensive user base survey conducted by cryptocurrency exchange Binance has shed light on the growing prevalence of memecoins among crypto investors.
Key Findings:
- 16% of respondents reported holding memecoins, making them the most-held cryptocurrency.
- 14.44% of participants held Bitcoin, placing it in second place.
- Over 27,000 users from across the globe were surveyed.
Future Outlook:
According to Binance, the survey results indicate that memecoins are not only popular investments but are also highly anticipated for future growth.
Market Comparison:
- The total market capitalization for memecoins stands at $117 billion**, while Bitcoin's market cap exceeds **$2 trillion.
- Dogecoin, the leading memecoin, trades around $0.362.
AI and Memecoins Leading 2025 Growth:
Binance respondents overwhelmingly predicted artificial intelligence tokens as the market leader in 2025, with 23% of votes. Memecoins ranked second, with 19% of votes.
Search Trends:
- Google search volume for "memecoin" reached a peak of 100 on December 5, reflecting increased interest.
- Searches for "Bitcoin" recorded a volume of 50, down from its peak of 100 on the same date.
Crypto Adoption:
- 45% of survey participants joined the cryptocurrency market in 2024.
- 31% of participants engaged in regular crypto trading.
Caution for Memecoins:
Despite their popularity, memecoins remain speculative investments with limited practical utility. Experts have raised concerns about a potential bubble and future market volatility.