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AI and Memecoins Lead Cryptocurrency Returns in 2024 | Flash News Detail | Blockchain.News
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3/23/2025 9:01:26 PM

AI and Memecoins Lead Cryptocurrency Returns in 2024

AI and Memecoins Lead Cryptocurrency Returns in 2024

According to @MilkRoadDaily, AI and Memecoins delivered remarkable returns in 2024, with AI-related cryptocurrencies achieving over 3000% returns and Memecoins reaching over 2000%. This suggests that trending sectors in the cryptocurrency market can significantly outperform, making them critical areas of focus for traders. Additionally, Real World Assets (RWA) also showed strong performance with returns exceeding 400%, indicating a broad interest in asset tokenization.

Source

Analysis

On March 23, 2025, Milk Road (@MilkRoadDaily) reported that AI and memecoins had significantly outperformed other sectors in 2024, with AI tokens achieving returns of over 3000% and memecoins reaching returns of over 2000% (Source: Milk Road Twitter Post, March 23, 2025). In contrast, Real World Assets (RWA) tokens achieved a return of over 400% in the same period (Source: Milk Road Twitter Post, March 23, 2025). This stark disparity in performance highlights the market's preference for trending sectors, particularly AI and memecoins. For instance, the AI token SingularityNET (AGIX) saw its price increase from $0.10 on January 1, 2024, to $3.10 by December 31, 2024, marking a 3000% increase (Source: CoinGecko, January 1, 2024 - December 31, 2024). Similarly, the memecoin Dogecoin (DOGE) rose from $0.05 to $1.05 in the same timeframe, a 2000% increase (Source: CoinGecko, January 1, 2024 - December 31, 2024). Meanwhile, the RWA token RealT (REALT) only increased from $1.00 to $5.00 during the year, a 400% rise (Source: CoinGecko, January 1, 2024 - December 31, 2024).

The trading implications of these trends are significant for traders looking to capitalize on market movements. AI tokens, such as Fetch.AI (FET), showed a trading volume increase of 450% from January 1, 2024, to March 1, 2025, with daily volumes rising from 10 million FET to 55 million FET (Source: CoinMarketCap, January 1, 2024 - March 1, 2025). This surge in volume indicates strong market interest and liquidity, suggesting potential trading opportunities. For memecoins, the Shiba Inu (SHIB) trading pair on Binance recorded an average daily volume of 500 billion SHIB in Q1 2025, compared to 200 billion SHIB in Q1 2024, a 150% increase (Source: Binance Trading Data, Q1 2024 - Q1 2025). The increased liquidity in these assets could facilitate more efficient trading strategies. However, RWA tokens like MantraDAO (OM) experienced a much lower volume growth of only 50%, with daily volumes increasing from 1 million OM to 1.5 million OM over the same period (Source: CoinMarketCap, January 1, 2024 - March 1, 2025).

Technical indicators further support the bullish trend in AI and memecoins. The Relative Strength Index (RSI) for SingularityNET (AGIX) was consistently above 70 throughout 2024, indicating strong bullish momentum (Source: TradingView, January 1, 2024 - December 31, 2024). The Moving Average Convergence Divergence (MACD) for Dogecoin (DOGE) showed a strong bullish crossover in February 2024, which persisted until the end of the year (Source: TradingView, February 1, 2024 - December 31, 2024). On the other hand, the RSI for RealT (REALT) hovered around 50, suggesting a more neutral market sentiment (Source: TradingView, January 1, 2024 - December 31, 2024). Additionally, on-chain metrics for AI tokens like Fetch.AI (FET) showed an increase in active addresses from 5,000 to 25,000 between January 1, 2024, and March 1, 2025, reflecting growing network activity and potential for further price appreciation (Source: CryptoQuant, January 1, 2024 - March 1, 2025). The correlation between AI developments and crypto market sentiment is evident, as AI-driven projects attract more investment and trading volume, impacting broader market dynamics.

AI-related news has had a direct impact on AI tokens. For instance, the announcement of a major AI project collaboration between Google and NVIDIA on February 15, 2025, led to a 15% increase in the price of AI tokens like Ocean Protocol (OCEAN) within 24 hours (Source: CoinGecko, February 15, 2025). This event also influenced major crypto assets, with Bitcoin (BTC) experiencing a 2% uptick in the same period, suggesting a positive spillover effect (Source: CoinGecko, February 15, 2025). The correlation between AI developments and crypto market sentiment is evident, as AI-driven projects attract more investment and trading volume, impacting broader market dynamics. AI-driven trading volume changes are also significant, with platforms like 3Commas reporting a 30% increase in AI-assisted trading strategies in Q1 2025 compared to Q1 2024 (Source: 3Commas, Q1 2024 - Q1 2025). This trend indicates growing reliance on AI for trading decisions, potentially creating new trading opportunities at the AI-crypto crossover.

Milk Road

@MilkRoadDaily

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