According to data from BitEye, meme coins have registered an impressive 1,834% return since the start of 2024, making them the most profitable sector.
The Real Tokenized Asset (RWA) sector comes in second, providing 214% returns to investors. Blockchain projects from the Artificial Intelligence (AI) and Decentralized Physical Infrastructure Networks (DePIN) sectors saw returns of 72% and 59% respectively.
Then it’s the turn of digital assets like Bitcoin and Ethereum as ETH brought in almost 50% return since the beginning of the year and Bitcoin around 45%.
Tier 1 platforms had an average return of 43%. Sectors such as gaming and decentralized finance (DeFi) lagged, but still posted modest returns of 19% and 3%, respectively.
On the other hand, the second-tier platform sector declined significantly, with losses averaging around 40.6%.
An Ethereum whale has recently caused a stir by offloading a substantial portion of its holdings, selling over $24 million worth of ETH in the past three days amid significant market pressure.
XRP has been trading within an ascending triangle pattern, signaling a potential significant breakout.
Recent on-chain data for Dogecoin (DOGE) reveals a surge in activity, indicating a growing optimism among cryptocurrency investors towards the popular meme coin.
Commerzbank, one of Germany’s largest financial institutions, is making a significant move into cryptocurrency by offering Bitcoin and Ethereum trading services to its corporate clients.