Memecoins have emerged as a popular form of speculation in the crypto market, surpassing NFTs and other investment options. Industry experts predict memecoins to shape the future of crypto protocols. Memecoins have shown significant growth and profitability, leading to a shift in investment flows towards narrative-driven assets like DeFi, AI, and NFTs. Reports indicate that memecoins have outperformed real-world assets and Layer 2 narratives in terms of profitability during the first quarter of 2024.
memecoins are a significantly better way to speculate on culture/memes than pfps. nfts will largely find their footing in less meme-centric verticals (e.g. RWAs, gaming, social, etc).
According to the report, memecoins recorded the highest returns of 1,312.6% on average across the top tokens by market capitalization. Memecoins that were launched in March made it to the top 10 largest memecoins list by market value by the end of the quarter, including Book ofβ¦
π¨ BREAKING: According to report by @coingecko, Memecoins were by far the most profitable crypto narrative in Q1 2024, including the newly launched Solana Memecoins $BOME (@Darkfarms1) and $MEW. Notably, Memecoins outperformed RWA and Layer 2 narratives. https://t.co/eQv9lpygWj
The meme-coin sector has been a notable leader in terms of token rate growth among all sectors this year The tokenisation sector is in second place In third place is the AI sector - CoinGecko review https://t.co/joph7aTk4g
Memecoins are the current meta, but what comes next? This is a full breakdown of future narratives: Ai, L3s, DePin, Socialfi, Ethena, and finding the next Axie-Infinity. Part 2 w/ @anildelphi is for everyone in the trenches making too much money in memes to plan ahead π«‘ https://t.co/Ba3xVYZDVR
Crypto's top-performing narratives in 2024: 1. Memecoins 2. RWA 3. AI 4. DeFi 5. DePIN 6. Layer 1 7. GameFi 8. Layer 2 https://t.co/9IC7zYMxUT
The 8 Most Profitable Crypto Narratives in Q1 2024: CoinGecko Memecoins, real-world assets (RWA), and artificial intelligence (AI) tokens led the way with the highest returns. πFull Story: https://t.co/Te3eZUPnL5 https://t.co/w0VmBj8gdz
Memecoins, real-world assets, and artificial intelligence tokens led the way among crypto narratives with the highest returns in the first quarter of 2024, according to @CoinGecko. βοΈ by @httpsageyd π Read more: https://t.co/2YAcQCxKTI https://t.co/TP2EqPe7m5
During the first quarter of 2024, the crypto market showcased a dynamic performance across various narratives, with meme coins, real-world assets, and AI tokens leading in profitability https://t.co/d5oc0GQZW7
Every cycle we get the same flow of funds: Bitcoin π meme coins π ETH/L1s/L2s π narratives ie: DeFi/AI/Web3Gaming/NFT-Fi π NFTs Eventually memecoin szn liquidity gets driven into narrative driven investments. Donβt run out of funds before the real bull begins.
1/ From a traditional ventures perspective, memecoin is always considered as a "non-fundamental play." However, the market has proved its mindshare power. In this upcoming cycle. we believe memecoin is going to be the new GTM strategy for many ecosystems and projects 𧡠https://t.co/YnrOeCMLJF
Memecoins are the most accessible form of speculation that crypto has had ever. Wayyy more fun and viral than NFTs, Olympus, or ICOs The end product? Memecoin enthusiasts now will be the founders of the next generation of crypto protocols 4-6 years down the line.