- The highest ten meme cash exhibited a mean return of 1,312.6% in Q1 2024.
- Meme coined BRETT recorded 7,727.6% in comparison with its launch worth.
- RWA tokens noticed a mean acquire of 286% within the yr’s first half.
Outstanding market tracker CoinGecko has highlighted the eight crypto narratives displaying probably the most promise for traders amid this bullish market. Meme cash topped the record, with probably the most distinctive profitability rating for the primary quarter of 2024.
Specifically, the report revealed that the highest ten meme cash exhibited a mean return of 1,312.6% between January 1 and March 31.
CoinGecko underscored that among the many top-performing meme cash, three newly launched tokens emerged round March. It contains Brett (BRETT), BOOK OF MEME (BOME), and “cat in a canines world” (MEW).
By the top of Q1, BRETT boasted the very best returns, reaching 7,727.6% in comparison with its launch worth. Solana’s Dogwifhat (WIF) adopted intently with a quarter-to-date (QTD) acquire of two,721%. CoinGecko famous that WIF skilled viral recognition and ignited the continued meme coin craze.
After meme cash, tokens related to real-world asset (RWA) tokenization are the subsequent most worthwhile narrative for traders. In accordance with CoinGecko analysis, RWA tokens noticed a mean acquire of 286% within the first half of the yr. This proportion acquire suggests meme cash have been practically 5 instances extra worthwhile than RWA tokens.
Amongst RWA tokens, MANTRA (OM) and TokenFi (TOKEN) skilled probably the most vital features at 1074.4% and 419.7%, respectively. Conversely, XDC Community (XDC) was the only real token to register a decline, tanking by 15.6% throughout the identical interval.
AI-based tokens intently trailed behind as the one different narrative to realize triple-digit returns, reaching 222.0% in Q1. Curiously, the entire large-cap AI tokens exhibited features. AIOZ Community (AIOZ) led with 480.2% improve, adopted by Fetch.ai (FET) with a notable 378.3% rise. Remarkably, even the least performing amongst them, OriginTrail (TRAC), yielded a good return of 74.9% in Q1.
Amongst different crypto narratives, CoinGecko noticed average features in DeFi, with a 99% improve recorded, adopted by DePIN with 81%. Layer 1, Gaming, and Layer 2 recorded 70%, 64%, and 39% respectively.
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