Meme tokens delivered impressive returns in the first half of 2024. We believe that this strong performance was due to several factors:
- Due to their high volatility, meme coins often attract the attention of retail investors looking to turn a quick profit.
- Many meme coins are easy to create and promote through social networks.
- The broad-based rally in the crypto market during 2024 contributed to upside in risk-on assets, including meme coins.
The meme coin market is extremely unpredictable and subject to sharp swings in both directions. Speculative interest in them can fade quickly. Perhaps some tokens will retain interest, but certainly not all.
As for other promising sectors, experts suggest focusing on:
- RWA (Real World Assets) - this sector has already yielded robust returns (213.5%) and has the potential for further gains given the interest of institutional investors.
- AI projects - average 71.6% return but in view of the overall trend towards AI development, this sector could witness substantial expansion.
- DePIN (Decentralized Physical Infrastructure Networks) - has shown steady growth and, according to analysts, holds out excellent potential in a bull market.
- Layer 1 blockchains - although they were not among the top performers in the first half of 2024, they could move higher against the backdrop of increased adoption of cryptocurrencies.