Binance Global User Survey: Memecoin Popularity Surpasses BTC

Recently, Binance released a global user report based on a survey of 27,230 respondents. The data shows that 16.01% of the respondents hold memecoins, which is more than the 14.44% who hold Bitcoin. Over 19% of the respondents are confident in the upward potential of memecoins. As the king of memecoins, Dogecoin naturally receives extremely high attention, and it is also a memecoin that can be mined using ASICs, making DOGE miners one of the most benefited groups of miners in 2024.

In the past two months, with news of the U.S. election, the Federal Reserve’s interest rate cut, and Powell’s announcement that he would not respond to Trump’s inclusion of BTC in strategic reserves, DOGE has experienced fluctuations from $0.1 to $0.48, and is now back to around $0.3. These ups and downs are also very consistent with the attribute of memecoins that rely on public opinion heat. In the face of these fluctuations, people still believe that this beloved dog will soon usher in the long-awaited $1 coin price.

Cryptocurrency influencer Murad, who has more than 570,000 followers on X, believes that the overall memecoin market has been greatly affected in the past week, with many memecoins even falling by 50% to 76% in this week. People should pay more attention to those memecoins with stronger resistance to price drops, as they have great potential and will perform very well in 2025. DOGE is listed high on Murad’s recommendation list. Bitget’s Chief Analyst Ryan Lee also recently made a statement that is very optimistic about DOGE’s rise: Dogecoin could be on the verge of another rise, thanks to Elon Musk’s continued influence keeping DOGE in the spotlight.

For prudent investors who are optimistic about DOGE, mining DOGE is also an ideal investment method. Taking a coin price of $0.4 as an example, using the ANTMINER L9 16GH to mine, the daily revenue is about 129 DOGE, worth about $52. Using the ANTMINER L7 9.5GH to mine, the daily revenue is about $31. The payback periods for both of these DOGE ASICs are quite ideal. In addition, these two ASICs can also obtain LTC and BEL at the same time.

Welcome to consult our sellers for the most suitable DOGE ASIC and trading methods for you! We have a large inventory of ASIC spot/futures from brands such as ANTMINER in our warehouses in Hong Kong, Russia, and other places, supporting shipping from multiple countries, and can also cooperate with you to declare transactions at your delivery location.

Finally, BITMARS would like to remind everyone that all investments carry risks, so decisions should be made cautiously.

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