{"id":15122,"date":"2024-04-04T15:32:31","date_gmt":"2024-04-04T15:32:31","guid":{"rendered":"https:\/\/www.bitcoincasinos.com\/?p=15122"},"modified":"2024-04-05T13:54:09","modified_gmt":"2024-04-05T13:54:09","slug":"memecoin-profit-q1-2024","status":"publish","type":"post","link":"https:\/\/www.bitcoincasinos.com\/blog\/2024\/04\/04\/memecoin-profit-q1-2024\/","title":{"rendered":"Memecoins Were The Most Profitable Cryptocurrency For The First Quarter Of 2024"},"content":{"rendered":"

Memecoin profits reached new highs over the first quarter of 2024, according to reports from CoinGecko.<\/strong><\/p>\n

The hugely popular crypto sector registered returns of 1,312.6% on average between January 1 and March 31. In terms of market capitalization, memecoins were clear of the likes of Bitcoin and Ethereum.<\/p>\n

Book of Meme (BOME), Brett, and Cat in a Dogs World (MEW) all made it to the top 10 largest memecoins list by market value.<\/p>\n

The highest return of\u00a07,727.6% was recorded by Brett. Dogwifhat (WIF) had a 2,721.2% growth which was made possible owing to the Solana-based hysteria.<\/p>\n

Lim Yu Qian – analyst for CoinGecko – commented: “Notably, the memecoin narrative was 4.6 times more profitable than the next best-performing crypto narrative of tokenized RWA’s.<\/p>\n

“Also, memecoins were 33.3 times more profitable than the layer 2 narratives with the lowest returns in Q1 this year.\u201d The trend looks set to continue for Q2.<\/p>\n

Memecoin Profits<\/h2>\n

The huge gains over the first three months of the year have seen memecoins start a new crypto frenzy. The mania that is sweeping the sector is attracting investors new to trading.<\/p>\n

Like many, they are searching for the next big token that could provide huge gains. In March 2024, a new high was hit for wallet addresses holding meme-related tokens for under 30 days.<\/p>\n

IntoTheBlock<\/em>, the analytics platform, confirmed that this was due to the abundance of new traders buying memecoins in March. Q2 promises to be an exciting time for all involved.<\/p>\n

At the back end of 2023, a trader turned $62 into $2 million after buying a Solana-based memecoin. The memecoin in question was Silly Dragon (SILLY) which directed fun at co-founder Anatoly Yakovenko.<\/p>\n

The start of this year saw another trader turn $13,000 into $2 million within an hour of buying a meme-based token. Even Google confirmed the search term ‘memecoins’ is the highest it has ever been.<\/p>\n

Read Next<\/strong>: The 15\u00a0Best Bitcoin Gambling Sites 2024<\/a>\u00a0With Crypto Gambling Bonuses.<\/p>\n","protected":false},"excerpt":{"rendered":"

Memecoin profits reached new highs over the first quarter of 2024, according to reports from CoinGecko. The hugely popular crypto sector registered returns of 1,312.6% on average between January 1 and March 31. In terms of market capitalization, memecoins were clear of the likes of Bitcoin and Ethereum. Book of Meme (BOME), Brett, and Cat … <\/p>\n","protected":false},"author":205,"featured_media":15126,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[5],"tags":[],"acf":[],"yoast_head":"\nMemecoin Profits: Sector Is The Most Profitable For Q1 In 2024<\/title>\n<meta name=\"description\" content=\"Memecoin's have proven to be the most profitable narrative for the first quarter of 2024 with BOME, Brett and MEW all excelling.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bitcoincasinos.com\/blog\/2024\/04\/04\/memecoin-profit-q1-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Memecoin Profits: Sector Is The Most Profitable For Q1 In 2024\" \/>\n<meta property=\"og:description\" content=\"Memecoin's have proven to be the most profitable narrative for the first quarter of 2024 with BOME, Brett and MEW all excelling.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bitcoincasinos.com\/blog\/2024\/04\/04\/memecoin-profit-q1-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"Bitcoin Casinos\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-04T15:32:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-05T13:54:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bitcoincasinos.com\/wp-content\/uploads\/2024\/04\/memecoin.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ben Horlock\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ben Horlock\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[[],{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.bitcoincasinos.com\/blog\/2024\/04\/04\/memecoin-profit-q1-2024\/\",\"url\":\"https:\/\/www.bitcoincasinos.com\/blog\/2024\/04\/04\/memecoin-profit-q1-2024\/\",\"name\":\"Memecoin Profits: Sector Is The Most Profitable For Q1 In 2024\",\"isPartOf\":{\"@id\":\"https:\/\/www.bitcoincasinos.com\/#website\"},\"datePublished\":\"2024-04-04T15:32:31+00:00\",\"dateModified\":\"2024-04-05T13:54:09+00:00\",\"description\":\"Memecoin's have proven to be the most profitable narrative for the first quarter of 2024 with BOME, Brett and MEW all excelling.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.bitcoincasinos.com\/blog\/2024\/04\/04\/memecoin-profit-q1-2024\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.bitcoincasinos.com\/blog\/2024\/04\/04\/memecoin-profit-q1-2024\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.bitcoincasinos.com\/blog\/2024\/04\/04\/memecoin-profit-q1-2024\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.bitcoincasinos.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Memecoins Were The Most Profitable Cryptocurrency For The First Quarter Of 2024\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.bitcoincasinos.com\/#website\",\"url\":\"https:\/\/www.bitcoincasinos.com\/\",\"name\":\"Bitcoin Casinos\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.bitcoincasinos.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.bitcoincasinos.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.bitcoincasinos.com\/#organization\",\"name\":\"Bitcoin Casinos\",\"url\":\"https:\/\/www.bitcoincasinos.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.bitcoincasinos.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.bitcoincasinos.com\/wp-content\/uploads\/2023\/01\/bitcoincasinos-logo-orange.svg\",\"contentUrl\":\"https:\/\/www.bitcoincasinos.com\/wp-content\/uploads\/2023\/01\/bitcoincasinos-logo-orange.svg\",\"width\":201,\"height\":38,\"caption\":\"Bitcoin Casinos\"},\"image\":{\"@id\":\"https:\/\/www.bitcoincasinos.com\/#\/schema\/logo\/image\/\"}},[]]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Memecoin Profits: Sector Is The Most Profitable For Q1 In 2024","description":"Memecoin's have proven to be the most profitable narrative for the first quarter of 2024 with BOME, Brett and MEW all excelling.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.bitcoincasinos.com\/blog\/2024\/04\/04\/memecoin-profit-q1-2024\/","og_locale":"en_US","og_type":"article","og_title":"Memecoin Profits: Sector Is The Most Profitable For Q1 In 2024","og_description":"Memecoin's have proven to be the most profitable narrative for the first quarter of 2024 with BOME, Brett and MEW all excelling.","og_url":"https:\/\/www.bitcoincasinos.com\/blog\/2024\/04\/04\/memecoin-profit-q1-2024\/","og_site_name":"Bitcoin Casinos","article_published_time":"2024-04-04T15:32:31+00:00","article_modified_time":"2024-04-05T13:54:09+00:00","og_image":[{"width":1000,"height":667,"url":"https:\/\/www.bitcoincasinos.com\/wp-content\/uploads\/2024\/04\/memecoin.jpeg","type":"image\/jpeg"}],"author":"Ben Horlock","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ben Horlock","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[[],{"@type":"WebPage","@id":"https:\/\/www.bitcoincasinos.com\/blog\/2024\/04\/04\/memecoin-profit-q1-2024\/","url":"https:\/\/www.bitcoincasinos.com\/blog\/2024\/04\/04\/memecoin-profit-q1-2024\/","name":"Memecoin Profits: Sector Is The Most Profitable For Q1 In 2024","isPartOf":{"@id":"https:\/\/www.bitcoincasinos.com\/#website"},"datePublished":"2024-04-04T15:32:31+00:00","dateModified":"2024-04-05T13:54:09+00:00","description":"Memecoin's have proven to be the most profitable narrative for the first quarter of 2024 with BOME, Brett and MEW all excelling.","breadcrumb":{"@id":"https:\/\/www.bitcoincasinos.com\/blog\/2024\/04\/04\/memecoin-profit-q1-2024\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.bitcoincasinos.com\/blog\/2024\/04\/04\/memecoin-profit-q1-2024\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.bitcoincasinos.com\/blog\/2024\/04\/04\/memecoin-profit-q1-2024\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.bitcoincasinos.com\/"},{"@type":"ListItem","position":2,"name":"Memecoins Were The Most Profitable Cryptocurrency For The First Quarter Of 2024"}]},{"@type":"WebSite","@id":"https:\/\/www.bitcoincasinos.com\/#website","url":"https:\/\/www.bitcoincasinos.com\/","name":"Bitcoin Casinos","description":"","publisher":{"@id":"https:\/\/www.bitcoincasinos.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.bitcoincasinos.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.bitcoincasinos.com\/#organization","name":"Bitcoin Casinos","url":"https:\/\/www.bitcoincasinos.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bitcoincasinos.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.bitcoincasinos.com\/wp-content\/uploads\/2023\/01\/bitcoincasinos-logo-orange.svg","contentUrl":"https:\/\/www.bitcoincasinos.com\/wp-content\/uploads\/2023\/01\/bitcoincasinos-logo-orange.svg","width":201,"height":38,"caption":"Bitcoin Casinos"},"image":{"@id":"https:\/\/www.bitcoincasinos.com\/#\/schema\/logo\/image\/"}},[]]}},"_links":{"self":[{"href":"https:\/\/www.bitcoincasinos.com\/wp-json\/wp\/v2\/posts\/15122"}],"collection":[{"href":"https:\/\/www.bitcoincasinos.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitcoincasinos.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitcoincasinos.com\/wp-json\/wp\/v2\/users\/205"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitcoincasinos.com\/wp-json\/wp\/v2\/comments?post=15122"}],"version-history":[{"count":13,"href":"https:\/\/www.bitcoincasinos.com\/wp-json\/wp\/v2\/posts\/15122\/revisions"}],"predecessor-version":[{"id":15138,"href":"https:\/\/www.bitcoincasinos.com\/wp-json\/wp\/v2\/posts\/15122\/revisions\/15138"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitcoincasinos.com\/wp-json\/wp\/v2\/media\/15126"}],"wp:attachment":[{"href":"https:\/\/www.bitcoincasinos.com\/wp-json\/wp\/v2\/media?parent=15122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitcoincasinos.com\/wp-json\/wp\/v2\/categories?post=15122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitcoincasinos.com\/wp-json\/wp\/v2\/tags?post=15122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}