Trump Memecoin DJT, Led by Martin Shkreli, Crashes by 95%
Memecoin DJT crashes by 95%, yet trading volume surges amid broader crypto market downturn.
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Data Analysis of the Performance of the Top 50 Tokens Be a Smart Investor
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Author: Revc, Golden Finance
Foreword
Of the top 50 cryptocurrencies, 60% have wiped out the gains made in the past year. Based on the price at the beginning of the year, the two MEME tokens, WIF and PEEP, have the highest gains. 2024 will be the first year of the MEME coin explosion.
TON is the best performing of all public chain tokens, with an increase of 150.17% from the beginning of the year. In addition, BNB, SOL, LEO and KAS have increased by nearly 50%.
1. We seem to have experienced a fake bull market. The prices of 29 tokens are lower than at the beginning of the year. The top five declines are ARB, OP, MATIC, INJ, and ATOM.
The main factors affecting the decline of the above tokens are token unlocking, token inflation and poor token practicality.
2. The following tokens have increased close to the inflation level.
ETH has recently been sold off by institutions, market makers and large whales, and its overall performance has been poor.
3. The best performing tokens this year.
2024 will be the first year of MEME tokens. The top three increases are all MEME tokens, and the Trump concept token on Solana has a higher increase.
4. The most exciting roller coaster token.
Summary
Through the performance of the top 50 tokens this year, in addition to the sharp correction of the current overall market, the tokens that performed poorly all have factors that cannot be ignored, such as large-scale unlocking, inflation, poor ecological performance, and weak practical functions of tokens. MEME tokens have the characteristics of high growth and high amplitude. Investors cannot ignore the related risks while striving for returns.
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