Which cryptocurrency sector performed the best in 2024?
Meme coins and RWA lead the market:
The cryptocurrency industry has seen a remarkable recovery since the beginning of 2024, with the global cryptocurrency market cap rising from $1.77 trillion to $2.2 trillion (at the time of writing), representing a 25% increase.
One of the most notable areas of this recovery is the meme coin sector. The prices of the most prominent meme coins, such as DOGE, SHIB, WIF, PEPE, BONK, and FLOKI, have increased by an average of 338% year-to-date.
The amazing performance of dogwifahat (WIF) is one of the most prominent factors contributing to this rise, as it was the most profitable.
WIF, one of the leading meme coins on the Solana network, was worth less than $0.02 at the beginning of 2024, while it is currently worth around $1.80.
In April, the coin reached an all-time high of $4.58.
Other meme coins like DOGE and SHIB have also seen notable gains since the start of the year, albeit by smaller percentages.
However, these coins remain the undisputed leaders in the sector, together accounting for over 50% of the total meme coin market cap.
