STX - Meme Coins Were The Most Profitable Crypto Narrative In Q1: Report | Benzinga
A new report explored the most profitable crypto narratives of the first quarter of 2024, with meme coins emerging as the undisputed champions.
What Happened: The study by CoinGecko, published on April 3, delved into the performance of various crypto narratives by analyzing the top 10 tokens within each category.
The report reveals a story of meme coin dominance.
On average, the top 10 meme coins by market capitalization at the end of the first quarter witnessed a staggering 1312.6% price increase over the three-month period.
This explosive growth dwarfs the returns of all other narratives.
Real-World Asset (RWA) tokens, the second-best performing category, paled in comparison with a 285.6% average return.
The meme coin surge was fueled in part by the launch of several new tokens in March.
BRETT, Book of Meme (CRYPTO: BOME), and cat in a dogs world (CRYPTO: MEW) all debuted during this period and quickly captured investor attention.
BRETT, the most successful newcomer, skyrocketed a ...