Meme coins have taken the lead among the top-performing sectors in the crypto market this year. Since January, the average daily return on these coins has reached an astounding 1834%, according to data from Biteye.
Experts reminded the community of the popular saying, "Bet on memes to live in a palace." This phrase is backed by data—the sector remains the most profitable in 2024. At its peak, the average return reached 2405.1%.
Furthermore, the profitability of meme coins is 8.6 times higher than that of the second-ranked sector, RWA, and 542.5 times higher than the last-place sector, DeFi. Analysts excluded L2 tokens from this comparison due to their price losses.
Secrets of Success
Dozens of meme coins are launched every day, but not all of them take off. Why is that? The answer is actually quite simple.
Analysts say that the chances of a meme coin's success depend essentially on a few factors:
A trending meme and cool artwork.
The coin offering something more than just a funny image.
The experience of the team.
Effective community engagement.
Interestingly, the right choice of blockchain for launching the project also plays a significant role. One of the best options is Solana. On average, about 500,000 new coins are created on this network each month. This number has reached a monthly peak due to low entry barriers and the ongoing hype around meme tokens.
$APES - The New PEPE?
Launched just a few days ago, the meme token Apes ($APES) surged by over 1300% in less than 24 hours.
In the crypto sphere, there's talk that this little ape might just become the next big thing: the community has already gone wild for dogs and frogs, and now it's time for primates to reclaim the spotlight.
$APES isn't just a fun meme coin; the project is building an expansive ecosystem that includes a game with a well-developed storyline, a strong meme with viral potential, and other features! Moreover, the team behind $APES are experienced meme creators—they've already launched several projects that have shown significant growth and raised over $100 million!
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
