AI Tokens Outperform Meme Coins In Early 2024, Market Insights Reveal

According to Odaily, data from Artemis indicates that AI tokens have outperformed meme coins at the beginning of 2024. By mid-November, meme coins have delivered returns six times the average of the cryptocurrency market. Insights from the market analysis platform Kaito AI reveal that a quarter of cryptocurrency investors prioritize discussions around meme coins. This suggests a focus on short-term profits rather than long-term value returns. From a narrative perspective, several altcoin categories have outperformed Bitcoin so far this year. These include meme coins, real-world assets (RWA), prediction markets, PolitiFi, AI, Solana, and smart contract platforms. This trend highlights the shifting interests and strategies within the cryptocurrency investment community, where certain altcoin categories are gaining more attention and investment compared to traditional cryptocurrencies like Bitcoin.