Summary
- Galaxy Digital assessed that meme coins have now grown into a core element of the crypto asset market.
- Meme coins have acquired cultural and economic influence beyond a mere fad and are attracting investors' attention.
- The report said the analysis is expected to make an important contribution to discussions on the impact and long-term potential of meme coins in the market.
On the 1st (local time), according to CoinDesk, a media outlet specializing in virtual assets (cryptocurrencies), asset manager Galaxy Digital said in a recent report that "meme coins, once treated as internet toys, have now grown into a core element of the crypto asset market."
According to the report, meme coins have gone beyond a mere fad to acquire cultural and economic influence, and various projects including Dogecoin (DOGE) and Shiba Inu (SHIB) are attracting investors' attention.
Galaxy Digital analyzed that "meme coins, combining jokes and speculative sentiment, stimulate investor interest and are an important factor in drawing new users into the crypto asset market."
This analysis is expected to make an important contribution to discussions about the share meme coins hold in the crypto asset market and their long-term potential.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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