Memecoin index outperforms other indices with higher returns in 2024

The GMCI Meme Index, which tracks the top memecoins by market capitalization, was the best-performing sector in 2024 with a 320% return, according to The Block. GMCI is an index provider that curates and maintains market indices for digital assets. The AI index and the index tracking the top 30 cryptocurrencies followed, with returns of 91% and 88%, respectively.