{"id":30990,"date":"2024-04-08T10:55:54","date_gmt":"2024-04-08T10:55:54","guid":{"rendered":"https:\/\/icoinmarket.com\/why-andre-cronje-believes-meme-coins-will-thrive-on-fantom\/"},"modified":"2024-04-08T10:55:54","modified_gmt":"2024-04-08T10:55:54","slug":"why-andre-cronje-believes-meme-coins-will-thrive-on-fantom","status":"publish","type":"post","link":"http:\/\/icoinmarket.com\/why-andre-cronje-believes-meme-coins-will-thrive-on-fantom\/","title":{"rendered":"Why Andre Cronje Believes Meme Coins Will Thrive on Fantom"},"content":{"rendered":"
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Fantom is the latest Layer 1 blockchain actively courting meme coins amid the wave of explosive growth these assets have had.<\/p>\n
Andre Cronje, the network\u2019s founder, disclosed his ongoing examination of meme coins and the potential potential integration into Fantom.<\/p>\n
Cronje revealed that he is currently working on crafting a framework for launching, nurturing, and safeguarding community-centric meme coins. However, this endeavor has left him feeling exasperated, owing to the inherent volatility and limited utility linked to these digital assets.<\/p>\n
Still, this initiative hints at Fantom\u2019s imminent entry into the expanding array of smart contract networks facilitating the easy creation and exchange of memecoins.<\/p>\n
Since the beginning of the year, meme coins have witnessed a spike in interest among cryptocurrency investors. Notably, various blockchains such as BNB Chain and Avalanche have rolled out incentives to entice meme coin developers into these networks.<\/p>\n
Blockchain analytics platform IntoTheBlock reported that the collective value of this sector has nearly tripled, reaching a market capitalization of $56 billion. Surges in several Solana-based meme coins like Dogwifihat (WIF) and Book of Meme (BOME) fueled this uptick. Meanwhile, other established meme coins such as Dogecoin, Shiba Inu, and Pepe have also witnessed a massive rise this year.<\/p>\n
Read more: 7 Hot Meme Coins and Altcoins that are Trending in 2024<\/p>\n