Memecoins experienced double-digit gains during September 2024, primarily driven by new token creation on the Solana and Tron networks.
Google search volumes for the term "Bitcoin" (BTC) reached 1-year lows during the week of October 12, 2024. Out of a scale of 100, worldwide interest in the search term dropped to just 33 by the end of the week.
Meanwhile, the search volume for "memecoins" was 77 out of 100 during the same period but has not yet managed to break through a previous all-time high of 100 reached in late October 2023.
However, CryptoQuant CEO and founder Ki Young Ju believes search volume for memecoins will reclaim the previous all-time high by the end of October 2024 as market interest in these digital assets remains high.
