- The highest 10 meme cash confirmed a median return of 1,312.6% in Q1 2024.
- Meme coined phrase BRETT recorded 7,727.6% in comparison with the discharge worth.
- The RWA token registered a median achieve of 286% within the first half of this 12 months.
Famend market tracker CoinGecko has highlighted eight cryptocurrency tales that present probably the most promise for buyers throughout this bull market. Memecoin topped the checklist, receiving probably the most distinctive profitability rating in Q1 2024.
Notably, the highest 10 meme cash confirmed a median return of 1,312.6% from January 1 to March 31, the report discovered.
CoinGecko highlighted the looks of three newly minted tokens round March among the many top-performing meme cash. Contains BRETT, BOOK OF MEME (BOME), and “cat in a Canines world” (MEW).
By the tip of the primary quarter, BRETT had the best return, reaching 7,727.6% in comparison with its launch worth. Solana's Dogwifat (WIF) adopted swimsuit, posting a quarter-to-date (QTD) achieve of two,721%. CoinGecko famous that WIF has skilled viral reputation and ignited the continuing meme coin growth.
After meme cash, tokens associated to the tokenization of actual world belongings (RWA) are the following large cash story for buyers. Based on analysis by CoinGecko, the RWA token registered a median achieve of 286% within the first half of this 12 months. This share enhance means that meme cash have been virtually 5 instances extra worthwhile than RWA tokens.
Amongst RWA tokens, MANTRA (OM) and TokenFi (TOKEN) posted probably the most important positive factors of 1074.4% and 419.7%, respectively. Conversely, XDC Community (XDC) was the one token to report a decline, declining by 15.6% over the identical interval.
AI-based tokens adopted intently as the one story to realize triple-digit returns, reaching 222.0% in Q1. Apparently, all the big AI tokens confirmed positive factors. AIOZ Community (AIOZ) got here out on high with a rise of 480.2%, adopted by Fetch.ai (FET) with a notable enhance of 378.3%. Notably, even the worst performer of all of them, OriginTrail (TRAC), returned a good 74.9% within the first quarter.
Amongst different crypto narratives, CoinGecko noticed a modest rise in DeFi, recording a 99% enhance, adopted by DePIN at 81%. Layer 1, Gaming, and Layer 2 recorded 70%, 64%, and 39%, respectively.
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