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The Highest Performing Cryptocurrencies in 2024: AI Tokens Surpass Meme Coins
According to a recent report by CoinGecko, AI and meme coins have emerged as the most profitable cryptocurrency stories of 2024. AI-related cryptocurrencies have recorded an astounding profit of 2,939.8% as of the current year-to-date (YTD), while meme coins follow closely with a profit margin of 2,185.1%. These figures position AI and meme coins as having twice the profit of other major cryptocurrency stories. Meme Coin Falls Behind AI by 2024 Meme coins witnessed explosive growth at the beginning of the year, with profits soaring from 96.6% to 1,713.1% in March. Despite significant volatility, meme coins still maintained their position as the best-performing story for much of 2024, even reaching a record profit of 3,211.4% on December 9. However, interest waned towards the end of the year, leading to a price decline. On the contrary, the story of AI has attracted attention in December, doubling profits from 1,598.1% to 2,939.8%. This increase is driven by the growing popularity of Virtuals Protocol (VIRTUAL), an AI-supported cryptocurrency platform that has become the best-performing asset in 2024. By the end of December, AI tokens surpassed meme coins to become the most profitable cryptocurrency story of the year. Please provide the text to be translated. RWA: The Third Profitable Story The Real World Asset (RWA) token has secured the third position, bringing an average YTD profit of 819.5%. RWA's growth was stable at the beginning of the year, reaching a profit of 365.3% on April 12th. After a few months of stagnation, the trend has regained growth momentum in November, thanks to the performance of MANTRA (OM). Humble Growth for DeFi, DePIN, and Layer-1 Other stories, such as Layer-1, DePIN, and DeFi, announced modest profits in 2024. Layer-1 token recorded a profit of 142.5%, while DePIN and DeFi followed with 135.4% and 101.4% respectively. Interestingly, Bitcoin's profit of 125.5% slightly surpassed Layer-1 and DePIN, proving that holding Bitcoin alone can be on par with the growth of some leading stories.
Poor Performance from Layer-2 and GameFi Layer-2 tokens and GameFi are significantly underperforming. GameFi assets only bring in a profit of 14.7%, with six of the top ten gaming tokens reporting losses ranging from 3.1% to 32.9%. Meanwhile, Layer-2 projects recorded a negative profit of 20.7%, marking the only loss story of 2024. Seven of the top ten Layer-2 tokens have experienced price declines from 6.3% to 75.3%. In conclusion The cryptocurrency landscape in 2024 is shaped by the dominance of AI and meme coin tokens, with AI emerging as the clear winner by the end of the year. While Real World Asset tokens bring high profits, traditional narratives like DeFi and Layer-1 only show moderate growth. The poor performance of Layer-2 and GameFi tokens highlights the challenges that these sectors must face. DYOR! #Write2Win #Write&Earn $BTC {spot}(BTCUSDT)