As 2024 draws to a close, some coins in the cryptocurrency market have attracted attention with their impressive performances despite the fluctuations.
The growth of these coins is directly linked to the increasing interest in Real World Asset (RWA) tokens and the rise of meme coins.
“Although the future of the market is uncertain, we may see significant upward waves in 2025,” says an expert from COINOTAG.
This article examines the best-performing cryptocurrencies of 2024, their growth drivers, and their potential direction in 2025.
The cryptocurrency market has undergone a major transformation in 2024, with many coins showing remarkable performances. Analysis shows that market sentiment, innovative projects, and strong usage scenarios have significantly impacted the value of these coins. The interest in RWA and meme coin phenomena has changed the market dynamics and offered great potential to these cryptocurrencies.
MANTRA (OM) Ascension$OM
One of the cryptocurrencies to emerge for 2024 is MANTRA (OM), which has seen an incredible 9,445% increase over the course of the year. Initially trading at around $0.040, OM hit an all-time high of $4.60 on December 11 before falling back to $3.58. This rally is being driven by the growing interest in assets that are directly tied to real-world economies. As the year comes to an end, market watchers are keeping a close eye on the potential for OM to revisit its previous highs, which could happen depending on the demand for RWA tokens.
Mog Coin (MOG) Momentum
Mog Coin has seen a remarkable 5,337% increase thanks to its unique use cases and community support. Having reached an all-time high of $0.0000040 on December 6, MOG is currently trading at $0.0000022 and has seen a 47.70% drop in recent weeks. While the Awesome Oscillator indicator is showing a bearish trend, increased buying activity could bring a potential recovery and change price predictions in the short term.
Popcat (POPCAT): Meme Coin Phenomena
Another meme coin, Popcat (POPCAT), has been resilient in the market with a 3,169% year-on-year growth. However, with the recent sell-off, the token has fallen to $0.73, trading well below its previous peak of $2.05. The coin’s Relative Strength Index suggests it is approaching oversold conditions, which could be a sign of a possible rally if market factors become favorable.
Aerodrome Finance (AERO): A New Player
Aerodrome Finance (AERO) stands out with its innovative approach as an automated market maker (AMM) and has seen a 1,981% price increase since its listing on Binance. Currently trading at $1.47, AERO faces downward pressure from the MACD indicator, although there is significant support at $1.05. If support levels hold, it has the potential to target $3 in the coming months.
AIOZ Network: Decentralized Innovation
AIOZ Network (AIOZ) has gained a strong foothold in the market with a 624.40% price increase fueled by the combination of artificial intelligence and decentralized physical infrastructure networks. Having reached a peak price of $1.20, AIOZ has been volatile lately but is trading below its 20-period Compound Moving Average. If the price drops below the 50 EMA, AIOZ could see a correction to $0.58, while bullish momentum could see the price rise to $2.