Tokenomist.ai, a leading AI-powered platform for comprehensive analysis of token supply data, has recently released its latest annual crypto report. The report delves into various aspects of the crypto market, including token unlocks, low-caps, and the undeniable rise of memecoins.
Memecoins have emerged as the shining star of the current bull run, with thousands of tokens created and billions of dollars flowing into this niche economy. The Annual Report 2024 highlights the immense popularity and growth of memecoins in the crypto space.
One key point discussed in the report is the impact of token unlocks on market dynamics. The top five largest token unlocks of last year released over $5.4 billion into circulation, significantly influencing market trends. Looking ahead, analysts predict at least $150 billion in combined token unlocks from 2024 to 2025, with a substantial portion absorbed in 2024 alone.
Furthermore, low-cap coins with low circulating supply and high fully diluted valuation have gained popularity in the market. While these coins can experience rapid price appreciation, concerns have been raised about their long-term sustainability. Tokenomist.ai notes that the launch ratios and investor scrutiny have improved compared to previous bull runs, with the average oat at launch / FDV ratio reaching approximately 35% by late 2024.
The report also highlights the meteoric rise of memecoins, which delivered a staggering 536% year-to-date return in 2024, surpassing Bitcoin and Ethereum. Memecoins have garnered attention for their transparency and equitable distribution, contrasting with the exclusivity of ICO coins in the past. However, the report cautions about the inherent risks associated with memecoins, noting that 97% of them eventually fade away due to low trading volumes and community disinterest, with an average lifespan of around one year.
In conclusion, Tokenomist.ai’s Annual Report 2024 provides valuable insights into the evolving crypto landscape, emphasizing the dominance of memecoins, the impact of token unlocks, and the popularity of low-cap coins. As the crypto market continues to evolve, investors are advised to exercise caution and stay informed about the dynamic trends shaping the industry.
Disclaimer: The information presented in this article is for informational and educational purposes only. It does not constitute financial advice. Readers are urged to exercise caution and conduct thorough research before making any investment decisions.