Mike Novogratz: Meme Coins Dominating with $60 Billion Market Cap

The post Mike Novogratz: Meme Coins Dominating with $60 Billion Market Cap appeared first on Coinpedia Fintech News

Mike Novogratz is bullish on meme coins, predicting their long-term survival and believing that these assets are now a part of the economy. The Galaxy Digital CEO noted that people are making fortunes from meme coin investments. He wrote on X, stating that meme coins have become the cornerstone of the crypto economy, whether or not people are fans of them. According to Galaxy Digital’s estimation, the meme coin market is now close to $60 billion, with DOGE, SHIB, and PEPE dominating. Notably, Shiba Inu has its own Domain Name Service and a layer 2 scaling solution.