Head Topics

This is the worst-performing category of crypto in Q2 2024

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Cryptocurrencies News

United States Latest News,United States Headlines

A crypto analyst ranked different categories of cryptocurrencies by their performance in the second quarter of 2024.

Web3 gaming is the worst-performing narrative of Q2 2024 among top crypto categories this cycle. Mythos, Echelon Prime, Yield Guild Games noted double-digit declines in the past week, per CoinGecko data. Relative strength of most top crypto narratives is negative compared to meme coins, per DYOR data. Meme coins ranked first, while Gaming Finance ranked last in terms of Relative Strength, among other metrics.

Meme coins, Layer 1, and blockchain service tokens are the top 3, while DeFi, DePIN, and Web3 Game Fi are the bottom 3, according to the chart. Relative Strength of Crypto Narratives on DYOR Hitesh Malviya, the analyst behind the X handle @hmalviya9, notes that the best performer among meme coins was DEGEN token, which offered over 1,000% gains to holders.

Source: Digital Coin News (digitalcoinnews.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Backstage at Christian Dior Fall 2024 CoutureBackstage at Christian Dior Fall 2024 Couture at Paris Fashion Week, June 2024.
Source: wwd - 🏆 24. / 68 Read more »

2024 Austrian Grand Prix 2024 Odds, Picks, and Predictions: Max Takes Aim at Third Straight WinGet 2024 Austrian Grand Prix predictions, picks, and odds for 2024, plus F1 betting picks and driver odds at Red Bull Ring on Sunday, June 30.
Source: Covers - 🏆 341. / 59 Read more »

Rahul Mishra Fall 2024 CoutureRahul Mishra fall 2024 couture fashion show and collection photos, at Couture Fashion Week, June 2024.
Source: wwd - 🏆 24. / 68 Read more »

Giambattista Valli Fall 2024 CoutureGiambattista Valli Fall 2024 couture fashion show and collection photos, at Couture Fashion Week, June 2024.
Source: wwd - 🏆 24. / 68 Read more »

Tamara Ralph Fall 2024 CoutureTamara Ralph fall 2024 couture fashion show and collection photos, at Couture Fashion Week, June 2024.
Source: wwd - 🏆 24. / 68 Read more »

2024 Wildcard: Trump criminal trial verdict throws 2024 presidential election into uncharted watersFormer President Donald Trump's conviction in his historic trial in New York City is thrusting his 2024 election rematch with President Biden into uncharted grounds.
Source: FoxNews - 🏆 9. / 87 Read more »