Artemis data shows that only AI Token outperformed Meme Coin in early 2024. By mid-November, Meme Coin's returns were 6 times the cryptocurrency market average.
Market insights platform Kaito AI noted that a quarter of cryptocurrency investors prioritize Meme Coin discussions. In other words, the focus is more on short-term profits than long-term value returns.
From a narrative perspective, the following altcoin categories have outperformed Bitcoin so far this year: Meme, RWA, Prediction Markets, PolitiFi, AI, Solana, and Smart Contract Platforms. (CryptoSlate)