Meme coins outpaced AI in 2024. Ever heard of the GMCI Meme index? Apparently, during 2024 it delivered 320% returns and significantly outpaced other crypto sectors, including AI (91%) and the top 30 cryptocurrencies (88%).
The index began its upward trajectory in March and maintained consistent outperformance through year-end.
Why we should care: This shift signifies a move-away from venture-backed coins and a sharp rise of community-driven tokens through platforms like Pump.fun.
You've probably heard about a bunch of those community crypto scandals in the news. They're all part of this wider trend of people favoring community-based coins over their "official/established" counterparts.
Wild how meme coins crushed AI in 2024 — that GMCI Meme index is proof retail energy is still driving the space more than VC-backed projects. Platforms like Pump.fun made it super easy to launch tokens, but what really fuels this wave is how quickly communities can pile in. Even fiat on-ramps like MoonPay are playing a role, since they lower the barrier for casual investors to jump in without needing to be deep in crypto.
Not sure if the trend is sustainable long term, but it definitely feels like meme coins are becoming more of a cultural movement than just a speculative play.
Still trade DOGE from time to time
The rise of meme coins over "official" cryptocurrencies speaks to a broader trend where people are starting to trust decentralized
Meme coins soared in 2024, with the GMCI Meme Index up 320%, beating AI (91%) and top cryptos (88%). This marks a shift toward community-driven tokens over venture-backed ones, but scandals highlight the risks.
In 2024, the GMCI Meme Index saw a remarkable 320% return, outpacing both AI-driven cryptocurrencies and the top 30 coins, signaling a significant shift in the crypto market towards community-driven tokens. This trend highlights the growing appeal of decentralized, grassroots projects, often propelled by platforms like pumpfun For those looking to explore more about the latest developments in crypto and other tech innovations, visit blockbench for in-depth insights and resources.
Looks like 2024 is the year of meme coins! The GMCI Meme index surged with an impressive 320% return, leaving AI (91%) and even the top 30 cryptocurrencies (88%) in the dust. This shift marks a bigger trend, where community-driven tokens are making waves, moving away from venture-backed projects. A fascinating shift in the crypto landscape! Check out more at YOLOv8.
The IGV Calculator is a tool designed to quickly and accurately calculate the General Sales Tax (IGV) in Peru, currently set at 18%. It helps determine the IGV amount, taxable base, and total cost, simplifying tax management for commercial transactions. Ideal for business owners, accountants, and anyone needing to calculate IGV efficiently and comply with Peruvian tax regulations.