All this while MeMe tokens where there but not so many like these days. I remember back in the days we only knew about Doge coin we never took it that serious since it was a token claimed to be created as a fun token and with a huge supply. So for those trades and investors who are prize action trades care most about the volume as this will impact the price. So Doge had too much supply and none ever thought that it will someday reach $0.70.
It took Doge so many years to get there and is now trading in the top 10. Soon after Doge made History there where now a lot of MeMe tokens claiming to be the second Doge. All those where impacted by Doge and started creating and currently we have Shiba Inu which has made so much headlines and is being regarded as the second biggest MeMe token. It is believed that the owner of Tesla Co who is also a Billionaire Elon Musk put MeMes on the map and he is the driving force in these as most of the MeMes now claim to be an idea of Elon Musk
New Kid on the Block
With all these noise in the Meme market we where hit with another banger but from a different category, the Metaverse also known as the play an earn type of a token. With this token gamers are to buy these, stake them and play. Its more like they are mining. We have Axie infinity, Decentraland and Sandbox these are the top 3 leading the market. It is believed that these are the future token which will make history as we have people who are into gaming a lot so its easier to convince those to buy Metaverse tokens an earn while they play than to just convince someone who doesn't have any idea of crypto currencies.
Facebook recently rebranded is parent company to Meta and they invested billions in the Meta because they have faith in the Metaverse. As a result of that we saw Decentraland soaring and setting a new all time high of $4.69 just 5 days ago and Sandbox just 21 hours ago it set $3.45 as its new all time high. Elon Musk is the catalyst behind Memes and now Mark Zuckerberg is going to be the catalyst of the Metaverse tokens.
Now that Metaverse is penetrating the Market the Memes know their chances of becoming dominates are slim as they have a new and tough competitior on the ground so now they are now in-cooperating into Metaverse aswel. They are more like Meme Tokens in the Metaverse business and i am sure that will make them secure their position. If we look at the total capitalization of Meme tokens is on the below picture.
Then lets look at that of Metaverse and see what it has instore for us.
We can see that the market capitalization of Meme tokens is down with 5% and that of Metaverse is up with 4%. Then id we look at the trading volume we can see that Metavese has a higher trading volume as compared to Meme.
With this we can see that since Meme is a market which has years operating it has higher capitalization but as of the trading volumes we can see that Metaverse is leading and with this very so i am sure Metaverse will have a higher Capitalization and Meme will be following behind.