Author: Revc, Jinse Finance
Preface
Among the top 50 cryptocurrencies, 60% have wiped out the gains made in the past year. Based on the prices at the beginning of the year, the two MEME tokens, WIF and PEEP, have seen the highest gains. 2024 will be the first year for the MEME token to explode.
TON is the best performing public chain token, with an increase of 150.17% from the beginning of the year. In addition, BNB, SOL, LEO and KAS have increased by nearly 50%.
1. We seem to have experienced a fake bull market. The prices of 29 tokens are lower than at the beginning of the year. The top five tokens with the largest declines are ARB, OP, MATIC, INJ, and ATOM.
The main factors affecting the decline of the above tokens are token unlocking, token inflation, and poor token utility.
2. The following tokens have seen increases close to inflation levels.
ETH has recently been sold off by institutions, market makers and large whale, and its overall performance has been poor.
3. The best performing tokens this year.
2024 will be the first year of the MEME token. The top three in terms of growth are all MEME tokens, and the Trump concept token on Solana has an even higher growth rate.
4. The most exciting roller coaster token.
summary
By consolidating the performance of the top 50 tokens this year, in addition to the sharp correction of the current overall market, the poorly performing tokens all have factors that cannot be ignored, such as large-scale unlocking , inflation , poor ecological performance, and weak practical functions of tokens . MEME tokens have the characteristics of high growth and high amplitude. While investors strive for returns, they cannot ignore the related risks.
