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Meme coins outpaced AI in 2024. Ever heard of the GMCI Meme index? Apparently, during 2024 it delivered 320% returns and significantly outpaced other crypto sectors, including AI (91%) and the top 30 cryptocurrencies (88%).

The index began its upward trajectory in March and maintained consistent outperformance through year-end.

Why we should care: This shift signifies a move-away from venture-backed coins and a sharp rise of community-driven tokens through platforms like Pump.fun.

You've probably heard about a bunch of those community crypto scandals in the news. They're all part of this wider trend of people favoring community-based coins over their "official/established" counterparts.

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    In 2024, the GMCI Meme Index saw a remarkable 320% return, outpacing both AI-driven cryptocurrencies and the top 30 coins, signaling a significant shift in the crypto market towards community-driven tokens. This trend highlights the growing appeal of decentralized, grassroots projects, often propelled by platforms like pumpfun For those looking to explore more about the latest developments in crypto and other tech innovations, visit blockbench for in-depth insights and resources.

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    Looks like 2024 is the year of meme coins! The GMCI Meme index surged with an impressive 320% return, leaving AI (91%) and even the top 30 cryptocurrencies (88%) in the dust. This shift marks a bigger trend, where community-driven tokens are making waves, moving away from venture-backed projects. A fascinating shift in the crypto landscape! Check out more at YOLOv8.

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