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Meme Tokens Are More Profitable to Invest in Than Bitcoin and Stocks

Meme Tokens Are More Profitable to Invest in Than Bitcoin and Stocks

HappyCoinNewsHappyCoinNews2024/10/23 20:30
By:HappyCoinNews

Statistics for the past calendar year show that meme tokens have proven to be much more profitable to invest in than bitcoins and stocks.

According to the portal Artemis , from October 23, 2023 to October 23, 2024, the SP500 and NASDAQ indices, which track the prices of American companies' securities, rose by 39% and 43%, respectively. Bitcoin has risen in price by 103% during the same period, while the Memecoin index, which monitors the price movements of 19 meme-based cryptocurrencies, has increased by 160%.

Thus, meme tokens have outperformed stocks by four times and by 55%. Bitcoin on this indicator.

Meme Tokens Are More Profitable to Invest in Than Bitcoin and Stocks image 0

Changes in the SP500, NASDAQ, Memecoin and Bitcoin rates

Artemis employees included 19 leading meme tokens by capitalization in the Memecoin index, including, for example, Dogecoin (DOGE), Shiba Inu (SHIB) and Pepe (PEPE). Among these coins, the leaders in terms of the rate of increase in value over the past year were:

  1. MAGA (TRUMP), up 8228%;
  2. PepeCoin (PEPECOIN), which has increased in price by 7046%;
  3. Bonk (BONK), whose price soared by 6985%.

Among the meme tokens from the Memecoin basket, there was only one outsider that fell in price over the full calendar year. It turned out to be token Dogelon Mars (ELON), whose value has decreased by 38% since October 23, 2023.

This fact suggests that long-term investments in popular meme cryptocurrencies are quite low risk, as the probability of losing money is only 8,3%, since only 12 out of 12 coins were traded over 19 months.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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