{"id":4978,"date":"2025-01-02T03:16:44","date_gmt":"2025-01-02T03:16:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=4978"},"modified":"2025-01-02T03:16:44","modified_gmt":"2025-01-02T03:16:44","slug":"memecoin-returns-were-6x-higher-than-crypto-market-average-over-past-30-days","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=4978","title":{"rendered":"Memecoin returns were 6x higher than crypto market average over past 30 days"},"content":{"rendered":"
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Memecoins\u2019 have posted average returns of 103% over the past 30 days \u2014 over 6x higher than the crypto market\u2019s 16.1% average return, according to<\/span> data<\/a><\/strong> from Artemis.<\/span><\/p>\n

Dogecoin (DOGE<\/a>) and Pepe (PEPE<\/a>) registered the more significant gains among the 19 memecoins tracked by Artemis during the period, growing 196.1% and 115%, respectively. PEPE\u2019s \u201cbeta play\u201d PepeCoin<\/a> also rose significantly, with a 121.1% gain.<\/span><\/p>\n

Meanwhile, Solana-based Bonk (BONK<\/a>) climbed 70.2%, while Base\u2019s Brett (BRETT<\/a>) saw a 63.5% price increase over the period.<\/span><\/p>\n

Notably, many memecoins connected to the US elections have crashed in the days following the conclusion of the presidential race, including MAGA (TRUMP<\/a>), which fell 72% over the past 30 days.<\/span><\/p>\n

According to market insights platform Kaito AI, memecoins<\/span> controlled<\/a><\/strong> nearly 24% of investors\u2019 mindshare as of Nov. 14. One out of four crypto investors posting on X is discussing memecoins.<\/span><\/p>\n

Most profitable narratives<\/span><\/h2>\n

Including memecoins, only nine out of the 22 crypto sectors tracked by Artemis beat the market\u2019s 16% monthly average return.<\/span><\/p>\n

The \u201cstore of value\u201d sector, which includes tokens like Dash (DASH<\/a>), Litecoin (LTC<\/a>), and Monero (XMR<\/a>), registered an average gain of 48.2%.<\/span><\/p>\n

Native tokens of first-generation blockchains focused on smart contract functionality, such as Cardano (ADA<\/a>) and Ethereum Classic (ETC<\/a>), trailed closely, leaping 47.1% over the past 30 days.<\/span><\/p>\n

Meanwhile, smart contract platforms like Solana (SOL<\/a>) and Sui (SUI<\/a>) posted average gains of 24.3% and barely outperformed the market\u2019s average return.\u00a0<\/span><\/p>\n

The overall sector\u2019s relatively weaker gains, despite strong performance by SOL and SUI, are primarily the result of the lackluster performance of other tokens in the index, including tomiNet, Celo (<\/span>CELO<\/a>), and Optimism (<\/span>OP<\/a>) \u2014 all of which registered losses over the period.<\/span><\/p>\n

Tokens related to oracles, DEXs for perpetuals trading, centralized exchanges, and general DeFi applications also beat the market\u2019s average performance, rising 19.1%, 24%, 20.9%, and 20.3%, respectively.<\/span><\/p>\n

Meanwhile, the real-world assets (RWA) sector performed in line with the market average, recording an aggregated gain of 16.8%.<\/p>\n

On the negative performance side, tokens from the AI and social sectors registered negative variations of 1.6% and 4.6%.<\/span><\/p>\n

Furthermore, data availability sector crashed 14.6% over the past 30 days and was the worst-performing over this period.<\/span><\/p>\n

The post Memecoin returns were 6x higher than crypto market average over past 30 days<\/a> appeared first on CryptoSlate<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Memecoins\u2019 have posted average returns of 103% over the past 30 days \u2014 over 6x higher than the crypto market\u2019s 16.1% average return, according to data from Artemis. Dogecoin (DOGE) and Pepe (PEPE) registered the more significant gains among the 19 memecoins tracked by Artemis during the period, growing 196.1% and 115%, respectively. PEPE\u2019s \u201cbeta […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-4978","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4978"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4978\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}