The crypto market has seen a major shift in the past year, with meme coins taking center stage in terms of performance. While bitcoin (BTC) and ethereum (ETH) saw gains of 168% and 109% respectively, it was meme coins that stole the show. Leading the pack were meme assets like TRUMP and WIF, which saw incredible increases in value.
TRUMP, the presidential meme token, saw an astonishing surge of over 122,000% in the last 365 days, making it the top performer. Following closely behind was Dogwifhat (WIF), with a rise of more than 58,000%. Other meme coins like BOME, BONK, MOG, and TURBO also saw impressive gains ranging from 4,900% to 17,000%.
On the flip side, some coins didn't fare as well over the same period. The Wormhole token W, for example, saw a decline of 59%, making it the biggest loser. Other notable decliners included RPL, APE, DYDX, and CRV, all experiencing losses of over 40%.
Overall, the past year has shown a clear trend towards meme coins capturing the market's attention and financial momentum. While traditional assets like BTC and ETH continue to perform well, the surge in meme coin values highlights a shift towards humor and novelty influencing market trends.
What are your thoughts on the top gainers and losers in the crypto market over the past year? Share your opinions in the comments below.