BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Memecoins Returned an Average of 1,300% in Q1, Here is How

by Sham
April 3, 2024
in CRYPTO
Reading Time: 3 mins read
A A
1
SHARES
24
VIEWS
Share on XShare in TelegramShare on Reddit
  • Memecoins were the most profitable crypto narrative in Q1 2024, outperforming Bitcoin and large-cap altcoins.
  • Memecoins like BRETT and Dogwifhat (WIF) recorded massive gains of over 77,000% and 27,000%, respectively, during the quarter.
  • The total market capitalization of the memecoin sector reached $60.93 billion, accounting for around 2.32% of the total cryptocurrency market capitalization.

Memecoins emerged as the top-performing crypto sector in the first quarter of 2024, significantly outperforming Bitcoin and other large-cap altcoins.

Memecoins were the best-performing sector in Q1 with average returns of 1,300%

Here are the top 5 memecoins over the last 30 days 👇

• Doge Eat Doge (@omnomtoken) $OMNOM: +16,185%

• Degen (@degentokenbase) $DEGEN: +1,718%

• Catcoin (@catcoin) $CAT: +1,372%

• Brett… pic.twitter.com/FnrJp05s5R

— BlockNews.com (@blocknewsdotcom) April 3, 2024

Memecoin Returns Skyrocket in Q1

According to a report by CoinGecko, memecoins saw average returns of 13,126% across the top tokens by market capitalization. Several memecoins launched in March quickly rose to become top 10 memecoins by market cap, including Book of Meme (BOME), Brett, and Cat in a Dog’s World (MEW).

BRETT saw the highest returns at 77,276% by the end of Q1 2024, followed by Dogwifhat (WIF) at 27,212% year-to-date. WIF went viral during the frenzy around Solana-based memecoins.

The memecoin sector’s performance far exceeded other top crypto narratives. It was 46 times more profitable than tokenized real-world assets (RWA) and 333 times more profitable than layer 2s, the lowest performing narrative.

Memecoin Frenzy Drives Market Growth

The total market capitalization for memecoins reached $60.93 billion by the end of Q1, representing 2.32% of the total crypto market cap, per CoinGecko data. This is a 1,769% increase quarter-over-quarter.

The memecoin market cap now exceeds those of major sectors like decentralized physical infrastructure networks (DePINs), layer 2s, zero knowledge proofs, and real-world assets (RWAs).

Investor interest is also surging, with Google searches for “memecoin” hitting the second highest level in five years in March 2024. Memecoins are seeing increased transaction volumes, more users, and active communities.

The momentum in Bitcoin, which hit record highs above $73,800 in March ahead of its halving event, likely also drove interest in the broader crypto market including memecoins.

Conclusion

Memecoins emerged as the dominant crypto narrative in Q1 2024, significantly outperforming Bitcoin and other sectors. With surging market caps, user interest, and token performance, the memecoin frenzy shows no signs of slowing down.

Tags: BitcoinBook of MemeCoinGeckocryptoMemecoins
TweetShareShare
Previous Post

Meta’s Metaverse Vision: A High-Stakes $40 Billion Financial Journey

Next Post

Ethereum Layer-2s Will Hit $1 Trillion Cap by 2030 and Here is Why

DON'T MISS THESE! HOT OFF THE PRESS

VeChain Struggles to Regain Steam After December Peak
CRYPTO

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party
CRYPTO

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules
CRYPTO

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Connecticut Bans Bitcoin and Crypto for Government Funds
BITCOIN

Connecticut Bans Bitcoin and Crypto for Government Funds

July 1, 2025
Load More

Related News

VeChain Struggles to Regain Steam After December Peak

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.