Crypto:
32743
Bitcoin:
$101.278
% 1.65
BTC Dominance:
%54.9
% 0.63
Market Cap:
$3.60 T
% 0.27
Fear & Greed:
83 / 100
Bitcoin:
$ 101.278
BTC Dominance:
% 54.9
Market Cap:
$3.60 T

These Crypto Categories Are Already Making Their Mark in 2024!

Tempory 17

As the crypto market leaves the first half of 2024 behind, some categories are standing out. According to data, memecoins and emerging sectors have provided investors with the highest returns.

Data compiled from BitEye, CoinGecko, and Wu Blockchain shows that memecoins have been the most profitable sector, with an astonishing 1,834% return since the beginning of 2024. In addition to popular memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB), lesser-known projects have also played a significant role in this surge.

The memecoin sector was followed by the RWA sector, which provided investors with a 214% return. RWA, which stands for the tokenization of traditional assets and their integration into blockchain-based infrastructures, is gaining prominence. Centrifuge and RealT are among the projects in this field.

AI-focused blockchain projects came in third with a 72% return. Projects like Fetch.ai and Ocean Protocol are using blockchain technology for the development of AI models and data sharing. Physical infrastructure networks (DePIN) followed with a 59% return. Helium (HNT), which aims to create a decentralized internet infrastructure, is the most popular project in this space.

Bitcoin (BTC) and Ethereum (ETH), the foundations of digital assets, continued to perform well. ETH has gained 50% since the beginning of the year, while Bitcoin has gained around 45%.

Layer-1 platforms provided an average return of 43%, while sectors like gaming and decentralized finance (DeFi) lagged behind in the competition, but still managed to achieve modest returns of 19% and 3%, respectively. However, the Layer-2 sector experienced a significant decline, with total losses averaging around 41%.

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