The post Top Gainers and Struggling Performers of 2024 appeared on BitcoinEthereumNews.com.

Meme Coins lead crypto gains, rising 219% YTD, driven by strong community appeal. AI and BRC-20 projects soar 217% YTD, showcasing demand for innovation in blockchain. SocialFi struggles with 57% drop YTD, hinting at adoption and monetization challenges. The cryptocurrency market in 2024 presented stark contrasts, with some sectors experiencing substantial growth while others faced sharp declines. Sectors like Meme Coins, AI, and Real-World Assets (RWA) led the market, indicating investor enthusiasm for specific, trend-driven assets. In contrast, sectors such as SocialFi and the Metaverse struggled, potentially revealing shifting priorities and market skepticism. Top Gainers: Meme Coins and AI Surge Ahead As highlighted by Miles Deutscher, a Crypto analyst, leading this year’s growth, meme coins have shown a Year-to-Date (YTD) increase of 219%, reflecting ongoing interest in speculative and community-driven assets. This trend underscores a strong appetite among investors for unconventional digital assets that build on community support and viral appeal. Read also :Memecoins Continue to Dominate: Key Trends in Q2 AI-focused projects were also highly successful, with a 217% rise YTD. This growth stems from advancements in artificial intelligence and its wide applications in blockchain, from predictive analytics to security improvements. Top performing sectors YTD: Memes (+219%)AI (+217%)BRC-20 (+217%)RWA (+134%)DePIN (+73%) Worst performing sectors YTD: SocialFi (-57%)ZK (-36%)Metaverse (-30%)Governance Tokens (-25%)L2s (-16%) pic.twitter.com/VFj7xTPBKE — Miles Deutscher (@milesdeutscher) October 29, 2024 Equally notable is the BRC-20 sector, which also rose 217% YTD. The surge in BRC-20 indicates a growing fascination with Bitcoin Ordinals and tokenized assets on the Bitcoin network. These assets appeal to those looking to diversify within the cryptocurrency market by leveraging Bitcoin’s stability and brand strength. Additionally, Real-World Assets (RWA) saw a 134% YTD growth, fueled by the desire to tokenize physical assets for improved accessibility and liquidity. This sector highlights the expanding interest in bridging real-world…

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Filed under: News - @ October 30, 2024 5:22 am