AI Leads Crypto Market Gains in 2024, Reports CoinGecko

In 2024, the most profitable narrative in the crypto industry was AI, with a return of 2940%. Memecoins and RWA followed with 2185% and 820%, respectively, according to CoinGecko.

The most profitable crypto narratives in 2024 are AI, which recorded the highest average price gains of 2,940% YTD, followed by memecoins which saw returns of 2,185% and RWA with average returns of 820%.

Read the full study: https://t.co/GhkQh9CGtt pic.twitter.com/548oaW4rKL

— CoinGecko (@coingecko) December 31, 2024

The figures reflect the change in average daily returns of the ten largest tokens in each narrative.

The period considered is from January 1 or the first day of available price data to December 29.

Positions four through eight are as follows:

• L1 — 142%;
• DePIN — 135%;
• DeFi — 101%;
• Gaming — 14%;
• L2 — -21%.

Until December 9, the memecoin sector led with a return of 3211%. The main growth occurred in March (from 97% to 1713%). In December, AI tokens surged to the top due to a rally that increased their return from 1598% to 2940%.

L1 and DePIN slightly outperformed Bitcoin (+125.5%), while other narratives lagged behind.

Earlier, CoinGecko identified memecoins as the main trend among traders in 2024.

Previously, the community expressed doubts about the long-term popularity of AI agents.