These 11 crypto tokens fit the cycle’s narrative while most altcoins bleed in Q2 2024


  • Crypto analyst notes that 8% of altcoins noted positive performance in Q2 2024. 
  • Eleven tokens in the meme coin, AI, DePin and other categories fit the narrative of the cycle could offer gains to holders. 
  • Crypto is currently facing a bloodbath, with most tokens extending their losses on Tuesday, market cap drops under $2.5 trillion.

The crypto market has experienced a decline in prices this week, most altcoins wiped out their gains in the past 24 hours. Bitcoin is ranging close to $65,000, while narratives like meme coins, Artificial Intelligence (AI), DePin and others gain traction in this cycle. 

Research by analyst Crypto Koryo shows that only 8% of altcoins have shown positive performance in Q2 2024. Of this 8%, 11 tokens are aligned with the narrative and could see recovery.

Top 11 tokens for the ongoing cycle

Crypto Koryo, analyst and researcher, analyzed several categories of altcoins in Q2 2024 and listed the best and worst-performing altcoins. Eleven tokens from various narratives like Gaming, AI, meme coin, DePin, Real World Asset (RWA) tokenization, among others, are best fitted to perform this cycle, per Koryo’s analysis. 

Bestandworst

Best and worst performing altcoins since the beginning of Q2 2024

The list features: Brett (BRETT), JasmyCoin (JASMY), Toncoin (TON), Pepe (PEPE), Ondo (ONDO), Kaspa (KAS), Ethereum Name Service (ENS), Mantra (OM), Mog Coin (MOG), Pendle (PENDLE), and Gnosis (GNO). 

Price

Price performance of the 11 tokens as seen on CoinGecko

Koryo identified projects with high mindshare (attention from traders) associated with one or more of the narratives. The performance of the 11 tokens in Q2 is rationalized by these factors and offers an insight into what to expect from these assets in the coming months. 

The tokens belong to different categories, offering diversification to a trader building their portfolio. One of the highlights is that most assets have not been listed in 2024. The tokens did not see heavy venture capital (VC) unlocks and outperformance is likely linked to community and interaction of holders on crypto Twitter. 

From the on-chain perspective, the assets have seen an increase in revenue, new users and transaction count since April 2024. 


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

Polygon joins forces with WSPN to expand stablecoin adoption

Polygon joins forces with WSPN to expand stablecoin adoption

WSPN, a stablecoin infrastructure company based in Singapore, has teamed up with Polygon Labs to make its stablecoin, WUSD, more useful in payment and decentralized finance.

More Cryptocurrencies News
Coinbase envisages listing of more meme coins amid regulatory optimism

Coinbase envisages listing of more meme coins amid regulatory optimism

Donald Trump's expected return to the White House creates excitement in the cryptocurrency sector, especially at Coinbase, the largest US-based crypto exchange. The platform is optimistic that the new administration will focus on regulatory clarity, which could lead to more token listings, including popular meme coins.

More Crypto News
Cardano's ADA leaps to 2.5-year high of 90 cents as whale holdings exceed $12B

Cardano's ADA leaps to 2.5-year high of 90 cents as whale holdings exceed $12B

As Bitcoin (BTC) gets closer to the $100,000 mark for the first time — it crossed $99,000 earlier Friday — capital is rotating into alternative cryptocurrencies, creating a buzz in the broader crypto market.

More Bitcoin News
Shiba Inu holders withdraw 1.67 trillion SHIB tokens from exchange

Shiba Inu holders withdraw 1.67 trillion SHIB tokens from exchange

Shiba Inu trades slightly higher, around $0.000024, on Thursday after declining more than 5% the previous week. SHIB’s on-chain metrics project a bullish outlook as holders accumulate recent dips, and dormant wallets are on the move, all pointing to a recovery in the cards.

More Shiba Inu News
Bitcoin: Rally expected to continue as BTC nears $100K

Bitcoin: Rally expected to continue as BTC nears $100K

Bitcoin (BTC) reached a new all-time high of $99,419, just inches away from the $100K milestone and has rallied over 9% so far this week. This bullish momentum was supported by the rising Bitcoin spot Exchange Traded Funds (ETF), which accounted for over $2.8 billion inflow until Thursday. BlackRock and Grayscale’s recent launch of the Bitcoin ETF options also fueled the rally this week. 

Read full analysis
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

BTC

ETH

XRP