Meme Coins Dominate 2024, Outperforming Bitcoin and S&P 500

Bitget App

Trade smarter

Cryptodnes2024/10/23 07:42

By:Cryptodnes

Meme coins showed a great performance in 2024, with a group of 19 established meme tokens outperforming both the SP 500 and Bitcoin (BTC).

Since February, the meme token index, according to recent data , consistently surpassed Bitcoin and retained its lead even during weaker market conditions, achieving over 183% net gains throughout the year.

These tokens have attracted investors looking for equitable distribution and lower insider influence, providing low entry points for diversified investments. In March, meme tokens reached peak gains of 338%.

Despite their volatility, which can lead to rapid price drops, participation in meme tokens has become essential for crypto holders.

Ripple CTO Acknowledges Uncertainty in Predicting Future XRP

The Artemis index includes tokens like Dogecoin ( DOGE ), Shiba Inu ( SHIB ), and newer entrants like WIF and POPCAT , with some riskier tokens outperforming the index. While meme tokens can deliver quick speculative gains, they are less stable than more liquid assets.

The meme token market is valued at $57 billion, with a daily trading volume of $5.85 billion, driven by decentralized trading platforms like Raydium. The ongoing strength of meme tokens suggests they will continue to play a significant role in the crypto landscape.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

OracleX is a decentralized prediction platform based on the POC protocol. It addresses pain points in the prediction market through a dual-token model and a contribution reward mechanism, aiming to build a collective intelligence decision-making ecosystem. Summary generated by Mars AI The content of this summary is produced by the Mars AI model, and its accuracy and completeness are still being iteratively improved.

MarsBit•2025/11/30 17:21

OracleX Global Public Beta: Restructuring Prediction Market Incentive Mechanisms with "Proof of Behavior Contribution"

Bitcoin is not "digital gold"—it is the global base currency of the AI era

The article refutes the argument that bitcoin will be replaced, highlighting bitcoin's unique value as a protocol layer, including its network effects, immutability, and potential as a global settlement layer. It also explores new opportunities for bitcoin in the AI era. Summary generated by Mars AI. This summary was produced by the Mars AI model, and the accuracy and completeness of its content are still being iteratively improved.

MarsBit•2025/11/30 17:20