- Dogecoin and other memecoins are competing with Bitcoin for attention and adoption in the crypto space
- Memecoins became a hot topic at a major crypto conference, despite the focus on Bitcoin’s mainstream momentum
- Though Bitcoin is hitting new highs, hype and memes still play a big role in crypto as evidenced by the conference
At a recent cryptocurrency conference in Manhattan, industry leaders and Wall Street executives discussed the mainstream adoption of Bitcoin this year. However, the spotlight was stolen by memecoins like Dogecoin and Shiba Inu.
The Comeback of Memecoins
Dogecoin and other meme-themed cryptocurrencies became a hot topic of discussion at the conference. Michael Novogratz of Galaxy Digital joked he didn’t own any Dogecoin, despite its recent popularity. Memecoins are competing with Bitcoin for attention and liquidity.
The Crypto Conference Circuit
The Manhattan conference gathered several hundred attendees to hear from cryptocurrency experts and financial executives from BlackRock and Fidelity. The speakers focused on the surge of mainstream interest in Bitcoin in 2024. However, memecoins ended up grabbing much of the attention.
Though Bitcoin has hit new highs, memecoins and hype still play a major role in cryptocurrency. The outlandish spectacles of crypto’s early days appear to be making a comeback.
