🚨🚨Can memecoins retire you today?🤔🤔🚀🚀
🔥In 2024, memecoins have proven to be the most profitable cryptocurrency narrative👀, significantly outperforming other sectors. According to CoinGecko, memecoins recorded an average return of 1,312.6% in the first quarter of 2024. This performance was driven by new entrants such as BRETT and Dogwifhat which showed surprising returns of 7,727% and 2,721%, respectively 😦 without leaving aside $PEPE obviously .
In comparison, other cryptocurrency narratives also showed solid but considerably smaller gains. The real-world asset (RWA) narrative, which involves the tokenization of physical assets, ranked second with an average return of 285.6%. The artificial intelligence (AI) token narrative followed with a 222% return 😬
Decentralized finance (DeFi) and decentralized physical infrastructure networks (DePIN) also showed moderate gains of 98.9% and 81%, respectively, driven by renewed interest and developments in their respective areas. Layer 1 (L1) and Layer 2 (L2) networks showed more modest gains, with L1 reaching 70% and L2 39.5%#Bitcoin