Bittime – The first quarter of 2024 has been a rollercoaster of crypto token gains and losses from various narratives. Check out this analysis from Coingecko.
As a leading cryptocurrency, Memecoin has emerged as a champion in terms of profitability, with a stunning average gain of 1312.6% among its main tokens.
Coin Analysis with Memecoin Narrative
The attention of the memecoin narrative is squarely focused on three newcomers—Brett (BRETT), BOOK OF MEME (BOME), and cat in a dogs world (MEW).
BRETT was able to surge to a surprising gain of 7727.6% at the end of the quarter from its initial offering.
Viral sensation dogwifhat (WIF) also made the news with an increase of 2721.2%, sparking a frenzy for this digital jester.
Also Read Top 8 Memecoins on Solana for 2024!
Coin Analysis with Real World Assets (RWA) Narrative
Memecoin's journey outperformed the narrative that followed it, namely Real World Assets (RWA) , by 4.6 times and left the Layer 2 narrative in the dust, at 33.3 times more profitable.
RWA itself saw impressive gains of 285.6%, with MANTRA (OM) and TokenFi (TOKEN) leading the pack at 1074.4% and 419.7% respectively.
However, not everything went smoothly, as XDC Network (XDC) experienced a decline of 15.6%.
Also read the list of the best-selling RWA coins in 2024, find them here!
Coin Analysis with Artificial Intelligence (AI) Narrative
The Artificial Intelligence (AI) token was not far behind, posting solid gains of 222.0% overall. AIOZ Network (AIOZ) and Fetch.ai (FET) were at the forefront with gains of 480.2% and 378.3% respectively.
Even the lowest performing AI token, OriginTrail (TRAC), managed a healthy gain of 74.9%, demonstrating the collective power of the AI narrative.
Also Read Top 3 AI Coins: NEAR, THETA, GRT for Huge ROI
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Coin Analysis with Decentralized Finance (DeFi) Narrative
The DeFi sector started 2024 with a modest but promising gain of 98.9%. Ribbon Finance (RBN) led the way, surging 430.8% after its strategic pivot. Other notable performers include Jupiter (JUP), Maker (MKR), and The Graph (GRT) with returns ranging from 111.0% to 125.7%. DePIN, after a shaky start, closed the quarter positively with gains of 81.0%, thanks to Arweave (AR), Livepeer (LPT), and Theta Network (THETA).
Also Read 5 DeFi Coins in May for Long-Term Investment: 5,000% Profit Potential
Coin Analysis with Layer-1 Narrative & GameFi
The Layer 1 narrative, while less favorable with a gain of 70.0%, had its moments with Solana (SOL) gaining 91.9%. Toncoin (TON) and Bitcoin Cash (BCH) lead the L1 space with gains of over 130% each.
The GameFi narrative is on par with L1 with a gain of 64.4%, and the Layer 2 narrative lags behind with a modest gain of 39.5%.
Crypto Coin Narrative Analysis by CoinGecko
Also Read How To Buy Crypto:
This analysis, based on CoinGecko data, reflects the profit movements of each crypto narrative and their top tokens from January 1 to March 31, 2024. This is evidence of the ever-evolving digital asset landscape, where today's underdogs can become tomorrow's leaders.
Conclusion
As always, this is not financial advice but simply a pulse on the market, encouraging thorough research before any investment.
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How to Buy Crypto from Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum asset purchase at Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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