“Our study shows that memecoins were by far the most profitable crypto narrative in Q1 2024, having recorded the highest returns of 1312.6% on average across its top tokens.”
But the massive profits were mind-blowing. The memecoin sector rallied over 1300%. Notably, the segment was 4.6X more profitable than the second-best-performing narrative, RWA .The overall memecoin sector now boasts of 6 billion-dollar gems by market cap. This mind-shuttering performance has stirred positive and negative reactions across the crypto market.“The chains that can support meme culture are going to be the chains that have value.
“The SEC makes it illegal for people who aren’t already rich to try and get rich from early-stage companies & projects.But a recovery could tip more rallies for the memecoin segment as more chains like Base jump into the frenzy. So, if the market bounces, memes’ Q2 performance could still be solid.Benjamin is a Telecommunication Engineering graduate who is passionate about crypto-markets and unraveling market trends.