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Colin Wu concluded that memcoins are showing the greatest growth

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28.06.2024

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Crypto journalist Colin Wu reported that the average return of the top 10 memcoins was 1834%. According to the expert, among the meme tokens, Brett (BRETT) showed the maximum profitability; its rate has increased by 14353.54% since its appearance on the market. It is followed by Dogwifhat (WIF) token, which is up 933.93% since the beginning of this year. The next most profitable sector is the tokenization of real assets (RWA). Since the beginning of the year, the average return on RWA tokens has exceeded 213.49%. This is 8.6 less than in the memcoin sector. In this industry, MANTRA (OM) and Ondo (ONDO) were the top performers, up 1123.8% and 451.12% respectively.

And closing the top three sectors that showed the maximum income over six months is artificial intelligence. This sector returned about 71.56%. Coins such as Arkham (ARKM) and AIOZ Network (AIOZ) showed the highest growth with 215.50% and 192.19% respectively. Colin Wu highlighted that memcoin profits are more than 542 times higher than the decentralized finance industry. Which sector showed the worst results? It turned out to be the Layer 2 segment, its profitability was -40.59%, almost halving. Among such tokens, AEVO (AEVO) and Starknet (STRK) showed the worst performance; they lost 85.40% and 63.16% in price, respectively.

Based on Colin Wu’s report, one can draw an unambiguous conclusion: memcoins have refuted many skeptical remarks and ridicule addressed to them, showing that for 6 months they remain the most profitable assets on the cryptocurrency market.