Here are the Top Performing Altcoins in the First Six Months of 2024.
Altcoin prices have risen more than tenfold in the first six months of the year. New coins entering the market have made a significant impact on this trend.
In a study by Wu Blockchain, the altcoins that provided the highest returns this year were categorized. The meme coin sector emerged as the top performer in the first half of the year.
The meme coin market delivered an average return of 2,405.1% in the first half of the year. As of January 19th, three new names were among the top 10 meme coins by market capitalization.
The newcomers in March-April were Brett (BRETT), BOOK OF MEME (BOME), and DOG•GO•TO•THE•MOON (DOG). BRETT led the pack with a return of 14,353.54% since its inception. Dogwifhat (WIF) gained 933.93% since the beginning of the year.
RWA trend gained momentum
Projects in the Real World Assets (RWA) sector were the second most successful after meme coins. RWA tokens achieved a 213.5% return rate in 2024.
The tokenization of Real World Assets has gained popularity recently. Companies like BlackRock have invested in this area.
Among the largest projects by market capitalization, MANTRA (OM) and Ondo (ONDO) delivered returns of 1,123.8% and 451.12%, respectively.
Artificial intelligence sector closely monitored
Investment firms turned their focus to the artificial intelligence sector by the end of 2023. According to Messari researchers, artificial intelligence has become the new rising star in the technology sector.
The artificial intelligence sector delivered an average return of 71.6% this year according to Wu Blockchain data. Arkham (ARKM) led with 215.5% return, followed by AIOZ Network (AIOZ) at 192.19%, while Render (RNDR) and Fetch.ai (FET) tokens also stood out.
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