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Meme Tokens: Annual Returns Surpassing Bitcoin!

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23.10.2024

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Statistics from the past year show that investments in meme tokens have proven more profitable than those in Bitcoin and stocks. According to the Artemis portal, from October 23, 2023, to October 23, 2024, the S&P 500 and NASDAQ indices rose by 39% and 43% respectively, while Bitcoin appreciated by 103%. The Memecoin index, which tracks 19 meme tokens, increased by 160%.

Thus, meme tokens outperformed stocks by four times in returns and surpassed Bitcoin by 55%. The Memecoin list includes popular coins like Dogecoin (DOGE) and Shiba Inu (SHIB). The top performers were MAGA (TRUMP) with +8228%, PepeCoin (PEPECOIN) with +7046%, and Bonk (BONK) with +6985%.

Out of the 19 tokens, only Dogelon Mars (ELON) experienced a decline of 38%. Investments in memes carry low risk, with only an 8.3% chance of losing funds.