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BOOK OF MEME

JasmyCoin

MEME

After a remarkable first half of 2024, memcoins emerged as the most lucrative segment of the cryptocurrency market.
According to Biteye’s research, memcoins, tokenized real world assets (RWA), and AI tokens all showed a lot of profit in the first half of this year. Leaders in the cryptocurrency market The meme coin industry has had an average profit of 2,405% since the start of 2024. Some notable new memecoin projects in the past few months include Brett (BRETT), BOOK OF MEME (BOME), and DOG•GO•TO•THE•MOON (DOG). They were all released this spring.
With a price increase of 14,353% from its launch, BRETT outperformed all of the other tokens on the list.
Another trend that has become very profitable thanks to Memcoins is RWA. On average, experts put the sector’s profitability at 213%. Compared to Bitcoin (BTC) and Ethereum (ETH), this performs better, according to the experts at Artemis Terminal. Big names in institutional investing, like BlackRock, have backed the idea of tokenizing physical assets. Launched less than a week ago, the investment behemoth’s RWA fund garnered over $240 million. Top performers in the tokenized asset sector included MANTRA (OM) and Ondo (ONDO). Their quotations are up 1,123% and 451% from the start of the year, respectively.
Artificial intelligence tokens came in at 71.6%, putting them in third place for profitability. Late in 2023, this subset of the cryptocurrency market became a hot commodity among tech investors.
Among AI coins, Arkham token (ARKM) performed the best, increasing in value by a whopping 215%. Profitability is lowest in the L2 network industry. Additionally, DePin, or decentralized physical infrastructure networks, demonstrated consistent expansion. After a negative first quarter, the sector’s returns turned around in March. As of right now, the percentage is 58%. JasmyCoin (JASMY) is the most popular token on DePin.
A 43% return was shown by the first-level (L1) blockchain sector. The value of Toncoin (TON) increased by 204%, while Binance Coin (BNB) increased by 86%. The yield for the decentralized finance (DeFi) business was 3.4%, while the yield for the GameFi business was 19%. Simultaneously, the worst dynamics were noted in the second-level network (L2) field, where profitability dropped to -40%.
The performance of GameFi, DeFi, and L2 solutions declined dramatically when compared to the first quarter. The average return on destinations was 64%, 98%, and 39%, respectively, according to the CoinGecko report.

Members of the crypto market’s elite have identified its most lucrative subsector.

Blocksays

Další články publikované 26. 6. 2024

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