Over the past 24 hours, RWA tokens and “cat-themed” meme coins have shown market-leading dynamics, according to CoinGecko.
The market capitalization of the first category has risen to $5.7 billion, while the second has approached $1 billion.
On average, meme coins have appreciated by 15.6% over the last 24 hours, maintaining heightened interest from traders.
Among the top five by market capitalization, daily growth rates range from 9.2% (BOME) to 25.8% (FLOKI).
On March 18, ForkLog noted the popularity of meme tokens as a driver for the rise in Avalanche (AVAX) and Solana (SOL) prices.
K33 Research saw the meme coin rally as a sign of an impending altseason. Meanwhile, Franklin Templeton concluded that these tokens lack “native” value and are highly volatile.
In the RWA segment (+64.8%), the price of Ondo (ONDO) surged by 31.4%, Centrifuge (CFG) by 40%. Polymesh (POLYX) showed the highest growth rate at 50.1%.
The dynamics may be based on recent statements from Goldman Sachs. The bank noted increased interest from TradFi in tokenization. The institution’s positive expectations align with Coinbase’s forecast regarding the sector’s development.
The “hot” AI token category from the recent past appears weaker than the market. Over the past 24 hours, the top five show mixed dynamics, ranging from -1.6% to 2.9%.
Over the last 30 days, Render (RNDR), Bittensor (TAO), Fetch.ai (FET), SingularityNET (AGIX), and Akash Network (AKT) have seen gains of 36.1–702.3%. The main reason is the hype around companies developing neural networks, according to CoinGecko.
Back in February, Nvidia reported its fourth-quarter results. The company exceeded profit expectations, which triggered a rise in AI token prices.