Memecoin Market Boom in 2024: DOGE, SHIB & PEPE Lead the Surge

Quick Summary:

2024 has proved to be a more powerful year for the cryptocurrency market, manifested by the significant bull run in its history.

With large communities backing these coins, social media became a crucial platform for their growth, showcasing the power of viral content and the influence of online communities.

The real turning point for Dogecoin came when Elon Musk, the CEO of Tesla and SpaceX, began openly supporting the coin, even calling it “the people’s crypto.” Musk’s endorsement propelled Dogecoin into mainstream awareness, creating a phenomenon that went beyond its meme origins.

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Article Details

Author / Journalist: Sarala

Category: Crypto

Markets: United Arab Emirates

Topics: Dogwifhat SHIB PEPE DOGE Shiba Inu Altcoin News Memecoin Dogecoin BONK

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-16 @ 16:31:00 (13 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 1413 words

Reading Time: 8 minutes read

Sentences: 83 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 24456200

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 37 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 13 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #125

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