Cryptocurrency: Ex-Goldman Sachs Exec Predicts Memecoin Rise
Memecoins have become a central part of the cryptocurrency sector. Since the launch of Dogecoin (DOGE) in December 2013, the number of meme coins created has skyrocketed. Despite the increasing number of meme coins, only a handful have entered the top 100 projects by market cap, with just DOGE and Shiba Inu (SHIB) among the top 20. Meme Cryptocurrencies to Witness a Surge? Source: Meme Games 2024 According to former Goldman Sachs analyst Murad Mahmudov, the number of meme coins in the top 100 projects by market cap will rise above 25 within this cycle. Today, only 7 Memecoins are among the Top 100 cryptocurrencies. This cycle, this number will go from 7 to 25+ — Murad (@MustStopMurad) August 11, 2024 The analyst does not delve into why he believes the number of meme coins will increase. Memecoins often witness a surge when other mainstream assets are in a slump. Last year, we saw the rise of new meme coins such as Pepe (PEPE), Bonk (BONK), etc., when Bitcoin (BTC) and Ethereum (ET...