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%.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.