Meme coins, fueled by online communities and social media hype, have outshone all other crypto sectors in Q1 2024, according to CoinGecko’s latest report.
CoinGecko, one of the leading crypto market data providers, released a detailed report on April 3, 2024. This report, titled “Top Crypto Narratives Gained 39% to 1313% in Q1 2024,” explores the significant gains made by some top crypto narratives during the first quarter of the year.
BRETT, BOME, and MEW Led the Meme Coins Frenzy
With an average return of 1,312.6% across its top tokens, meme coins have captured the playful parts of investors and marked a significant shift in the crypto market dynamics. Among the frontrunners in this meme coins frenzy are three newcomers — Brett (BRETT), BOOK OF MEME (BOME), and cat in a dogs world (MEW), launched around March 2024.
Brett (BRETT) notably soared, achieving a staggering 7,727.6% increase by the end of Q1 2024 from its launch price. This surge was closely followed by dogwifhat (WIF), which rose 2,721.2% quarter-to-date (QTD) after going viral.