Memecoins, RWA and AI led the growth across various sectors of the cryptocurrency market. Since January, the average daily return of the ten largest representatives by capitalization has been 1834%, 213% and 72%, respectively, according to Biteye.
Analysts used CoinGecko data from January 1 to June 21.
Data: Biteye.Experts recalled the phrase "Rely on memes to live in a palace", which is common in the community. It is supported by data — in 2024, the sector remains the most profitable in 2024. At its peak, the average yield reached 2405.1%.
As of June 19, three of the top ten meme coins by market value appeared in March-April - BOOK OF MEME (BOME), DOG—GO-TO-THE-MOON (DOG) and Brett (BRETT). The latter rose by 14,353.5% after the start of trading.
The profitability of memcoins is 8.6 times higher than the indicator of the second sector in the rating, RWA, and 542.5 times higher than that of the outsider, DeFi. Analysts excluded L2 tokens from this comparison due to their price losses.
Data: Biteye.In RWA, experts identified MANTRA (OM) and Ondo (ONDO) — 1123.8% and 451.1% since the beginning of the year, respectively. They noted that most of the projects are in the early stages and recommended that they be monitored. The interest in RWA was generated by investments from BlackRock and other large institutions.
Experts explained the third place of AI by the focus of technology giants. The largest increase in the sector was shown by Arkham (ARKM) — 215.5%, AIOZ Network (AIOZ) — 192.2%, Render (RNDR) and Fetch.ai (FET) — 57.5% and 116%, respectively.
https://forklog.com/exclusive/ii-tokeny-eto-mem-koiny-gosti-all-time-half-o-tom-chto-proishodit-s-rynkomDePIN and L1
DePIN took the fourth place in the rating (58.7%). JasmyCoin (JASMY) showed the best results, rising in price by 323.4%, followed by Arweave (AR) and Livepeer (LPT) with indicators of 174.1% and 116.1%, respectively.
https://forklog.com/exclusive/tokeny-v-obmen-na-shum-i-web3-analog-google-maps-samye-interesnye-depin-proektyAnalysts pointed to the potential for the sector to grow by more than 20 times. In their opinion, the capitalization can reach $500 billion, provided that it will be half of the value of the DeFi segment, which in turn can grow tenfold.
In 2024, the profitability of the L1 sector was 43%. Solana (SOL) has gained 22.9% in value since the beginning of the year, although in mid-March the value reached 85.1%. As a result, the most successful cryptocurrencies were Toncoin (TON) and Binance Coin (BNB) with an increase of 204.7% and 86.1%, respectively.
Outsiders
The GameFi sector has become "heavier" by 19.1%. The best results were shown by FLOKI, which brought 362.8% to the owners. It is followed by Ronin (RON) with 21.2% and Echelon Prime (PRIME) with 5.3%.
The DeFi sector showed fairly good results in the first quarter, which was facilitated by the proposal of Uniswap (UNI) at the end of February on the distribution of commissions among holders. However, in the next three months, it lost momentum, and the indicator decreased to 3.4%. Maker (MKR) showed the highest profitability with an increase of 49.9%.
The L2 sector showed the worst results, its profitability was -40.6%. AEVO (AEVO) and StarkNet (STRK) performed worse than the others, which fell in price by 85.4% and 63.2%, respectively.
Key L2s for Ethereum also showed poor results: Optimism (OP) brought losses of 54.7%, and Arbitrum (ARB) — 53.7%. Mantle (MNT) stood out from the general background with a profitability of 26.1%.
Recall that on June 24, the WaterCoin (WATER) meme token was listed on the Jupiter and Raydium exchanges. Immediately after the start of trading, the price of the coin jumped by 83%.
In May, 455,000 new coins appeared on the Solana blockchain. The indicator reached a monthly high due to low barriers to entry and the hype around meme tokens. The popularity of the platform for their launch, pump.fun, played a significant role in this.
https://forklog.com/cryptorium/pochemu-mem-tokeny-stali-tak-populyarny-v-2024-godu