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Artificial Intelligence Tokens Lead Profits in 2024, With Returns Above 2,900%
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The most profitable narratives in the cryptocurrency market in 2024 were tokens artificial intelligence (AI) and the memecoinsaccording to average annual return data.
As CoinGecko pointed out in a recent report, AI tokens have seen the biggest gains, with 2,939.8% year-to-date return (YTD). Meanwhile, memecoins were close behind, with 2,185.1%.
It is worth highlighting that the memecoins were the main narrative of the crypto market in 2024 in terms of global investor interest. This asset class has captured 14.36% of global interest. Meanwhile, AI tokens came in second with 12.58%.
According to CoinGecko, memecoins got off to an explosive start in March when their returns jumped from 96.6% to 1,713.1% in a single month.
Despite the high volatility, the memecoins remained the most profitable narrative for most of the year, reaching a peak of 3,211.4% on December 9th. However, the interest in this segment decreased at the end of the yearresulting in a correction in prices.
Meanwhile, the AI narrative, driven by the growing popularity of Virtuals Protocol (VIRTUAL)experienced a strong recovery at the end of the year. The report pointed out that its returns practically doubled in December, rising from 1,598.1% to 2,939.8%surpassing memecoins as the most profitable narrative.
The narrative of real world assets (RWA – Real World Assets) ranked third, with average gains of 819.5% YTD. After constant growth at the beginning of the year, the narrative’s returns stabilized between April and October, resuming the increase in November, driven by the appreciation of the token MANTRA (OM).
Other popular narratives, such as Layer 1, DePIN and DeFirecorded modest gains, with returns of 142.5%, 135.4% and 101.4%respectively.
These numbers were close to the performance of the Bitcoinwhich valued 125.5% in the same period. In other words, buying Bitcoin alone was as profitable as these more conservative narratives.
At the opposite extreme, narratives of GameFi and Layer 2 were among the least profitable in 2024. The GameFi narrative achieved a return of just 14.7%while six of the ten biggest gaming tokens suffered falls between 3.1% and 32.9%.
Artificial Intelligence Tokens Lead Profits in 2024, With Returns Above 2,900%
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Artificial Intelligence Tokens Lead Profits in 2024, With Returns Above 2,900%
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Artificial Intelligence Tokens Lead Profits in 2024, With Returns Above 2,900%
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Artificial Intelligence Tokens Lead Profits in 2024, With Returns Above 2,900%
