Looking back on the encryption industry in the first half of 2024, what is the most profitable track?
There are still four days, and the first half of 2024 is about to pass. In the last article, we just reviewed the first issue of our SuperEx summary for the first half of 2024. This issue is a review of the encryption industry in the first half of 2024, which belongs to our review series.
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If the market in the first half of the year is expressed in one sentence, it is “high opening and low going, and the end period is turbulent”!
What do you mean? It was the first year of the first half of the year, and the market went up all the way, but at the end of the second half of May, the market went low and the market was turbulent. Let’s take BTC as an example. Since it broke through the previous bull market and rose to a new high of $73,000, BTC has been falling all the way, and has never reached a new high. At present, it hovers around $61,000, and even once fell below $60,000.
However, in any case, the next two years will be a super bull market, which is already the consensus in the industry. Opportunities are naturally not lacking. You can take off directly by catching a wave of rising waves!
When this bull and bear market alternate, we should review the past, clear our minds and prepare for the next wave of rising waves!
What is the revenue performance of different encrypted tracks year-to-date?
Memecoin’s most profitable track in the first half of the year is the focus of the global encryption market.
There is no doubt that Meme coins have been the most profitable track since 2024. From the outbreak of FOMO emotions at the beginning of the year to the carnival of celebrity Meme coins in May, it can be said that the encryption industry in the first half of the year was a solo carnival of memecoins.
According to CoinGecko’s statistics, the highest average rate of return reached 2405.1%. As of June 19th, among the top 10 Meme coins with the largest market value, three were newly introduced in March-April: Brett, BOOK OF MEME(BOME) and DOG•GO•TO•THE•MOON (DOG). Among them, BRETT has the highest rate of return, which is 14353.54% higher than its issue price; Dogwifhat(WIF) has increased by 933.93% since 2024 (YTD), which triggered the Meme coin frenzy at that time.
RWA ranked second.
RWA (real world assets) racetrack ranked second with a return rate of 213.5%. This field has attracted the attention and investment of large institutions such as BlackRock Fund. Among RWA tokens with large market value, MANTRA(OM) and Ondo(ONDO) performed particularly well, rising by 1123.8% and 451.12% respectively.
Although the rate of return of RWA is 8.6 times lower than that of Memecoin, the RWA in 2024Q2 is indeed a dazzling star in the encryption industry. I remember that in the article on April 30th, I published an interpretation of RWA track, elaborated the value of RWA in detail, and predicted that the RWA market will grow rapidly in the next few years and become the mainstream narrative in the next round of encryption world.
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AI: The New Favorite in Science and Technology
The tuyere of the AI track did not appear in the first half of 2024. After all, it is a head track involving the field of real science and technology. As early as 2023, the innovation and application of AI technology advanced by leaps and bounds, and large models such as ChatGPT exploded, and the AI craze swept the world. Therefore, 2023 is also called “the first year of the opening of the AI era” by many people.
The response of the encryption circle has been relatively lagging behind. The AI track frequently appears in the speeches of major encryption investment institutions. It is still at the end of 2023, and the AI section of the encryption track is working hard or in the first half of 2024, with a return on investment of 71.6%, ranking third. Representative tokens such as Arkham(ARKM) and AIOZ Network(AIOZ) increased by 215.50% and 192.19% respectively.
DePIN: Turn losses into profits
DePIN’s return rate was basically negative in the first half of the first quarter, and it began to reverse the trend since March, and the return rate has reached 58.7% so far. JasmyCoin(JASMY) is the best one among the large-cap DePIN tokens, with an increase of 323.42%, followed by Arweave(AR) and Livepeer(LPT), with YTD increasing by 174.07% and 116.06% respectively.
The cryptocurrency market in the first half of 2024 showed diversified investment opportunities and risks. The performance of different tracks is obviously different, so investors need to choose carefully according to their own risk preferences and investment objectives. The data provided in this article is for reference only. Please make full market research and risk assessment before investing.
