TL;DR
Full Story
Memecoins.
Memecoins are probably the most worthwhile narrative of 2024.
The sector (in case you’d name it that?) registered a mean return of over 1300% throughout the highest tokens by market cap.
And it has a fairly stable lead on the competitors:
Based on CoinGecko analyst Lim Yu Qian, the memecoin narrative was 4.6 instances extra worthwhile than the subsequent best-performing crypto narrative of tokenized real-world property (aka RWAs).
One of the best half?
As a result of these trades are being made on public blockchains, all of those loopy bets are absolutely trackable. For instance:
One investor (/gambler) turned $13k into over $2M in just below one hour, after shopping for into the MOEW token.
Whereas another person turned $8.3k into — get this — $6.5M, with a well-timed buy of APU tokens.
Right here’s the unusual half:
This sort of high-octane-gambling habits isn’t misplaced within the crypto house…
However it normally solely takes maintain when the market has entered its ‘mania’ part.
(And proper now, we’re removed from that time).
Possibly all these Twitter pundits have been proper — possibly this time is totally different?
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