What is the Best Performing Cryptocurrency Sector in 2024?

TL; DR

Meme Coins and Real World Assets (RWAs) They outperformed in 2024, which saw a significant price increase. Bitcoin and Ethereum have seen huge gains, with BTC up 43% YTD.

Memes and RWA lead the pack

The cryptocurrency industry has experienced a significant revival since the beginning of 2024. Its global crypto market capitalization has risen from $1.77 trillion to $2.2 trillion (at the moment of writing these lines), representing an increase of 25%.

It is the realm of the meme coin that has produced some of the best performers. High meme coins (DOGE, SHIB, WIF, PEPE, BONK and FLOKI) have value. He was elevated. Averaged 338% year-to-date (YTD). The success of DogwifeFat (WIF) is impressive and is the main reason for the high average.

The biggest meme built on the Solana ecosystem was paid for as low as $0.02 in early 2024. While at the moment Price around $1.80. At one point in April, it hit a record high of $4.58.

DOGE and SHIB are also up YTD, albeit very modestly. However, they are the undisputed leaders of the sector, collectively accounting for more than 50% of the total market value.

Real world assets (RWA) have also become sensational. Mantra (OM) and Ondo (Ondo) skyrocketed by 1570% and 380% respectively.

Other sectors that have performed well since January 1 include Layer 1 (+17%), SOL DeFi (+9.8%) and AI & DePIN (+43%).

Key takeaways from YTD performance by sector:

-> mostly green, bull market clear -> $ETH DeFi rekt -> Meme coins dominate, $WIF carry -> RWA returns in $OM -> $SOL DeFi and L1s flags dominate pic.twitter.com/Fh9kN1snmE

— CryptoPotato Official (@Crypto_Potato) August 9, 2024

What about BTC and ETH?

In the largest cryptocurrencies terms Market capitalization and the most well-known globally – Bitcoin (BTC) and Ethereum (ETH) – are also good in the green YTD.

BTC started in 2024 at around $42,260 and is currently worth around $60,000 (a 43% increase). When the review was done in mid-March, it was amazing to get out. hit The all-time high is over $73,500.

Meanwhile, ETH rose by 15 percent.Around $2,280 to $2,600. It will be interesting to see if the major cryptocurrencies manage to chart new highs over the past several months (including the BTC split and the launch of spot BTC and ETH ETFs in the United States). Certain meme coins will continue to outperform them.