In 2024, Bitcoin reaffirmed its role as the safest haven in the cryptocurrency market, outperforming all specialized sectors as new data from Delphi Digital shows.
Challenges for AI and Blockchain Frameworks
The AI frameworks sector experienced the most severe downturn of all crypto categories, with an average decline of 84.05% since December 31, 2023. Projects like VWFU and ZEREBRO were especially hard-hit, dropping 94.53% and 95.32% respectively. More established projects like ARC fell 48.37% over this period.
Bitcoin Leads Among Meme Coins and Gaming Tokens
Meme coin traders faced a brutal market, with the sector declining an average of 51.74% since December 2023. Popular tokens like PEPE and DOGE suffered losses. Gaming tokens were similarly affected, with an average decline of 51.54%.
ETH, SOL, and AI DeFi Sectors Show Resilience
The Ethereum DeFi sector showed better stability, falling by an average of 35.2%, while Solana's DeFi ecosystem declined by 29.29%. The AI and DeFi combination category fell by 42.48%, with projects like TAO limiting losses to just 8.09%.
Bitcoin once again outperformed all major cryptocurrencies in 2024 due to its market stability, while AI and blockchain-based sectors faced substantial losses.
