What is the most profitable crypto sector in the first half of 2024?

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Chainfeeds Introduction:

The market has fluctuated repeatedly in recent months, which is suitable for reflection and review. Viee, a core contributor of Biteye, ranked and compared the average YTD price return rate of the top 10 tokens in different crypto tracks from 2024 to date based on Coingecko data.

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https://mp.weixin.qq.com/s/uy6y45d9rinmxkoCj7d1EQ

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Viee


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Biteye: Meme coin has become the most profitable track. The highest average return rate of Meme coin since 2024 has reached 2405.1%. As of June 19, 3 of the 10 Meme coins with the largest market value were newly launched around March-April: Brett (BRETT), BOOK OF MEME (BOME) and DOG・GO・TO・THE・MOON (DOG). Among them, BRETT has the highest return rate, up 14353.54% from the issue price; dogwifhat (WIF) has risen 933.93% since 2024 (YTD). It is worth noting that the profitability of Meme coin is 8.6 times that of the second most profitable track RWA, and 542.5 times that of the least profitable DeFi track. The second most profitable track RWA has a return rate of 213.5% since 2024. RWA briefly became the most profitable track in February. Among the RWA tokens with the highest market capitalization, MANTRA (OM) and Ondo (ONDO) had the largest increases, 1123.8% and 451.12% YTD respectively, while XDC Network (XDC) performed the worst, down 44.38%. The AI track followed closely behind with a return rate of 71.6%. Among them, Arkham (ARKM) had the highest increase of 215.50%. The second was AIOZ Network (AIOZ), which rose 192.19%. Render (RNDR) and Fetch.ai (FET), tokens with high attention in the first half of the year, had returns of 57.47% and 116.00% respectively, and performed well.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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