A recent Binance survey highlights a surprising shift in cryptocurrency holdings, with memecoins surpassing Bitcoin in popularity among holders.
Binance Survey Results
According to data released on December 18, 16% of respondents reported owning meme tokens compared to 14.44% holding Bitcoin. The survey sampled over 27,000 users from Asia, Australia, Europe, Africa, and Latin America. Binance commented that memecoins are not only popular in terms of current holdings but also anticipated for future growth.
Popularity of AI Tokens and Memecoins
The Binance survey also provided insights into market sentiment heading into 2025. AI tokens led with 23% of respondents expecting them to drive market growth, while memecoins secured the second spot with 19% optimism. This sentiment is mirrored in search trends, as Google data shows searches for 'memecoin' peaked at 100 on December 5, before settling at 66 by December 19.
Uncertain Future for Memecoins
Industry experts are divided on the future of memecoins. While some predict a possible memecoin supercycle, others draw parallels to previous trends like the boom and bust of ICOs and NFTs. At the Futurists conference in Canada in August, crypto leaders debated whether memecoins could sustain their momentum or face a similar fate.
Despite differing predictions from experts, the survey results confirm user enthusiasm for memecoins, suggesting they will remain central to the cryptocurrency landscape into 2025.
