The most profitable sectors of the cryptocurrency industry in the first half of 2024 have been revealed, with memecoins and emerging sectors vying for a huge share of the profits.
According to data from BitEye, CoinGecko and Wu Blockchain, “memecoins” are leading the race with returns of 1,834% since the start of 2024. In second place is the real-world asset tokenization sector. which had a return for investors of 214%, followed by artificial intelligence blockchain projects with a good return of 72%, while the network decentralized physical infrastructure networks (DePIN) gained 59%
Bitcoin and Ether are the digital assets that continue to perform well, with ETH up 50% year-to-date and Bitcoin up around 45% year-to-date.
Moreover, Layer 1 platforms have an average return of 43%, while sectors such as gaming and decentralized finance. It provided modest returns of 19% and 3% respectively, however, the Layer 2 sector saw a noticeable decline. with an average total loss of approximately 41%
The rise of memecoins This was partly due to the Solana network in May. 541,000 new token projects have been created on the Solana blockchain alone.
refer : cointelegraph.com
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