Memecoin Registers Impressive 1,834% Gain Since the Beginning of the Year

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%.