Google search interest for 'Bitcoin' hit a 1-year low in October 2024, dropping to 33 out of 100. On the other hand, 'memecoins' maintained a search volume of 77 but has yet to surpass its previous peak of 100 in late 2023. CryptoQuant's CEO predicts memecoin interest will reach new highs by the end of October 2024. Memecoins have dominated the crypto sector in 2024, with over 491,000 new tokens created on the Solana network since September. Platforms like Pump. Fun and SunPump have facilitated the memecoin craze, despite warnings of high risk from figures like Mark Cuban. The memecoin market on Solana alone boasts a market cap exceeding $10 billion and a daily trading volume of $2.3 billion. The surge in memecoin creation and trading signals a shift in the crypto landscape towards more speculative assets. Read more AI-generated news on: https://app.chaingpt.org/news