Summary
- Gemini reported that meme coins are acting as a gateway for new cryptocurrency investors.
- It was revealed that 31% of investors in the US, Australia, and the UK started investing in cryptocurrencies with meme coins.
- 94% of meme coin holders also own Bitcoin and other cryptocurrencies, indicating a positive impact on further investments.
An analysis has emerged that meme coins are driving the mass adoption of the cryptocurrency industry.
According to Decrypt on the 27th (local time), Gemini recently reported that "meme coins are serving as a gateway for new cryptocurrency investors," stating that "31% of cryptocurrency investors in the US, Australia, and the UK started investing with meme coins."
Furthermore, "94% of current meme coin holders also own Bitcoin (BTC) and other cryptocurrencies," explaining that "this indicates that meme coins have a positive impact on investments in other cryptocurrencies."
Saad Ahmed, head of Gemini Asia-Pacific, said, "Meme coins are a powerful gateway to cryptocurrencies," adding that "the ease of participation is positively appealing to new investors."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
