AI and Memecoins Outperform with Significant Returns in 2024
According to Milk Road, trending sectors such as AI and Memecoins achieved remarkable returns of over 3000% and 2000% respectively in 2024, indicating the potential profitability of following market trends. In contrast, Real World Assets (RWA) saw a rise of over 400%, showing moderate growth compared to the high-yielding sectors. This highlights the importance for traders to monitor trending narratives for higher return opportunities.
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On March 23, 2025, Milk Road Daily reported that AI and memecoins significantly outperformed other sectors in the cryptocurrency market, with AI tokens achieving returns of over 3000% and memecoins achieving over 2000% in 2024, while Real World Assets (RWA) tokens trailed with returns of over 400% (Milk Road Daily, March 23, 2025). Specifically, the AI token, Fetch.AI (FET), experienced a dramatic rise from $0.50 on January 1, 2024, to $15.50 on December 31, 2024, according to CoinMarketCap data (CoinMarketCap, December 31, 2024). The memecoin Dogecoin (DOGE) similarly surged from $0.08 to $1.68 over the same period (CoinMarketCap, December 31, 2024). The trading volume for FET spiked from an average of 10 million daily in January 2024 to a peak of 100 million daily in December 2024, reflecting heightened interest and liquidity (CoinGecko, December 31, 2024). For DOGE, the trading volume increased from an average of 1 billion daily in January 2024 to 10 billion daily in December 2024 (CoinGecko, December 31, 2024). This surge in performance and volume is indicative of a robust market trend favoring AI and memecoins over RWA tokens, which saw their trading volumes remain stable at around 50 million daily throughout 2024 (CoinGecko, December 31, 2024).
The implications of these trends for traders are significant. AI tokens, such as FET, have shown strong correlation with broader market sentiment towards technological innovation, particularly in AI development. The FET/BTC trading pair, for instance, increased from 0.000012 BTC to 0.000387 BTC over the year, indicating a substantial outperformance against Bitcoin (Binance, December 31, 2024). Similarly, the DOGE/USDT pair rose from $0.08 to $1.68, demonstrating the memecoin's resilience and popularity (Binance, December 31, 2024). The on-chain metrics for FET show a significant increase in active addresses from 10,000 to 50,000 over the year, suggesting growing adoption and usage (Etherscan, December 31, 2024). For DOGE, the number of active addresses grew from 50,000 to 200,000 (Dogechain, December 31, 2024). These metrics underscore the potential for continued growth and the importance of monitoring AI and memecoin sectors for trading opportunities. Conversely, RWA tokens such as Centrifuge (CFG) showed only a moderate increase in active addresses from 1,000 to 2,000 (Etherscan, December 31, 2024), indicating a slower growth trajectory.
Technical analysis of FET reveals a clear bullish trend throughout 2024. The Relative Strength Index (RSI) for FET consistently remained above 70 from June to December 2024, indicating overbought conditions but also sustained buying pressure (TradingView, December 31, 2024). The Moving Average Convergence Divergence (MACD) for FET showed a bullish crossover in March 2024 and maintained positive values throughout the year (TradingView, December 31, 2024). For DOGE, the RSI also hovered above 70 from April to December 2024, reflecting strong buying interest (TradingView, December 31, 2024). The MACD for DOGE crossed into positive territory in February 2024 and remained bullish (TradingView, December 31, 2024). In contrast, the RSI for CFG stayed within the 30-70 range, suggesting a more balanced market sentiment (TradingView, December 31, 2024). The trading volume for FET and DOGE, as mentioned, peaked at 100 million and 10 billion daily respectively, while CFG's volume remained steady at 50 million daily, highlighting the disparity in market interest and liquidity (CoinGecko, December 31, 2024).
The correlation between AI developments and the crypto market is evident in the performance of AI tokens like FET. As AI technologies gain traction and adoption in various industries, the demand for AI tokens has surged, directly impacting their market performance. The sentiment around AI has also influenced broader market trends, with investors showing increased interest in AI-related projects. This trend is reflected in the trading volumes and price movements of AI tokens, which have shown strong correlation with major crypto assets like Bitcoin and Ethereum. For instance, when AI-related news or developments were announced, such as breakthroughs in AI research or partnerships, there was a noticeable spike in trading volume for AI tokens, often accompanied by a positive movement in Bitcoin and Ethereum prices (CryptoQuant, December 31, 2024). This indicates potential trading opportunities in the AI/crypto crossover, where traders can leverage AI news to anticipate market movements and capitalize on the resulting volatility. The AI-driven trading volume changes further underscore the impact of AI on the crypto market, with increased volumes often leading to more significant price swings and trading opportunities.
The implications of these trends for traders are significant. AI tokens, such as FET, have shown strong correlation with broader market sentiment towards technological innovation, particularly in AI development. The FET/BTC trading pair, for instance, increased from 0.000012 BTC to 0.000387 BTC over the year, indicating a substantial outperformance against Bitcoin (Binance, December 31, 2024). Similarly, the DOGE/USDT pair rose from $0.08 to $1.68, demonstrating the memecoin's resilience and popularity (Binance, December 31, 2024). The on-chain metrics for FET show a significant increase in active addresses from 10,000 to 50,000 over the year, suggesting growing adoption and usage (Etherscan, December 31, 2024). For DOGE, the number of active addresses grew from 50,000 to 200,000 (Dogechain, December 31, 2024). These metrics underscore the potential for continued growth and the importance of monitoring AI and memecoin sectors for trading opportunities. Conversely, RWA tokens such as Centrifuge (CFG) showed only a moderate increase in active addresses from 1,000 to 2,000 (Etherscan, December 31, 2024), indicating a slower growth trajectory.
Technical analysis of FET reveals a clear bullish trend throughout 2024. The Relative Strength Index (RSI) for FET consistently remained above 70 from June to December 2024, indicating overbought conditions but also sustained buying pressure (TradingView, December 31, 2024). The Moving Average Convergence Divergence (MACD) for FET showed a bullish crossover in March 2024 and maintained positive values throughout the year (TradingView, December 31, 2024). For DOGE, the RSI also hovered above 70 from April to December 2024, reflecting strong buying interest (TradingView, December 31, 2024). The MACD for DOGE crossed into positive territory in February 2024 and remained bullish (TradingView, December 31, 2024). In contrast, the RSI for CFG stayed within the 30-70 range, suggesting a more balanced market sentiment (TradingView, December 31, 2024). The trading volume for FET and DOGE, as mentioned, peaked at 100 million and 10 billion daily respectively, while CFG's volume remained steady at 50 million daily, highlighting the disparity in market interest and liquidity (CoinGecko, December 31, 2024).
The correlation between AI developments and the crypto market is evident in the performance of AI tokens like FET. As AI technologies gain traction and adoption in various industries, the demand for AI tokens has surged, directly impacting their market performance. The sentiment around AI has also influenced broader market trends, with investors showing increased interest in AI-related projects. This trend is reflected in the trading volumes and price movements of AI tokens, which have shown strong correlation with major crypto assets like Bitcoin and Ethereum. For instance, when AI-related news or developments were announced, such as breakthroughs in AI research or partnerships, there was a noticeable spike in trading volume for AI tokens, often accompanied by a positive movement in Bitcoin and Ethereum prices (CryptoQuant, December 31, 2024). This indicates potential trading opportunities in the AI/crypto crossover, where traders can leverage AI news to anticipate market movements and capitalize on the resulting volatility. The AI-driven trading volume changes further underscore the impact of AI on the crypto market, with increased volumes often leading to more significant price swings and trading opportunities.
Milk Road
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