Memecoins Surge Ahead: Unprecedented Growth and Returns in 2024

Memecoins like Dogecoin, Shiba Inu, and Pepe are outperforming traditional altcoins in trading volumes, driven by hype and speculative interest. While altcoins focus on utility and steady growth, memecoins thrive on social momentum and viral trends, leading to sharp price fluctuations. Despite their current market dominance, memecoins' long-term viability remains uncertain due to their reliance on hype rather than utility-driven demand.