In a year marked by significant gains in the cryptocurrency market, a recent study by CoinGecko reveals the top-performing cryptoassets of 2024. The analysis, which excluded derivative assets, found that meme coins dominated the market, with seven out of the top ten cryptocurrencies being meme coins.
Top-Performing Meme Coins
Virtuals Protocol (VIRTUAL) took the top spot, with a staggering gain of 23,079.2% in 2024. The price of VIRTUAL surged in the fourth quarter, reaching a high of $3.04 on December 25. Brett (BRETT) and Popcat (POPCAT) followed closely, with gains of 14,784.6% and 10,459.0%, respectively.
Other notable meme coins that performed well include Mog Coin (MOG), Turbo (TURBO), Fartcoin, ai16z, and Pepe (PEPE). These coins saw significant gains, ranging from 1,400.6% to 6,051.0%.
Beyond Meme Coins: Notable Performers
MANTRA (OM) and Aerodrome Finance (AERO) also posted significant gains, with increases of 6,418.3% and 3,139.4%, respectively. These coins benefited from the growth of the on-chain transaction volume and the popularity of the Base chain ecosystem.
Bitcoin and Ethereum: A Mixed Bag
Bitcoin (BTC) recorded a steady gain of 133.8% in 2024, while Ethereum (ETH) underperformed expectations with a gain of 53.4%. Bitcoin’s growth outperformed 84 other cryptocurrencies, while Ethereum’s price fluctuations failed to break through its 2021 peak.
Key Takeaways
* Meme coins dominated the market in 2024, with seven out of the top ten cryptocurrencies being meme coins. * Virtuals Protocol (VIRTUAL) was the top-performing cryptocurrency, with a gain of 23,079.2%. * Bitcoin and Ethereum had a mixed performance, with Bitcoin recording a steady gain and Ethereum underperforming expectations. * The top ten cryptocurrencies of 2024 saw gains ranging from 1,400.6% to 23,079.2%, outperforming Bitcoin and Ethereum by at least 10 times and 26 times, respectively.
Source: M.theblockbeats.info
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