CandleFocus

Memecoin rally fades but GMCI meme index still outpaces BTC and ETH 

Memecoin rally fades but GMCI meme index still outpaces BTC and ETH 
The GMCI data shows that meme coins, although experiencing a decline, still outperform Bitcoin and Ethereum. The GMCI Meme Index has dropped by 60% since its peak in December, but it still maintains a strong lead over BTC and ETH. Meme coins had gained momentum in 2024, capturing 15% of investor interest and showing an annual gain of 212% in the sub-sector. However, market analysts believe that the meme coin sector is cooling off, and the narrative may be reaching its peak. There is a growing belief that AI-agent tokens may replace meme coins in the future. Despite this, meme coins continue to outperform BTC and ETH for now.

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