According to CoinGecko's report, in 2024, tokens used in first-level (L1) blockchains showed significant price growth. Some assets recorded increases of up to 7000%.
This year, analysts highlight Mantra (OM), AIOZ Network (AIOZ), and Sui Network (SUI) as the most effective L1 tokens. The main factor behind the price surge is considered to be Donald Trump's victory in the US presidential elections.
The most successful L1 cryptocurrency has been Mantra (OM), as it has grown by a record 7035.2% since the beginning of this year. Experts at CoinGecko correlate this growth with Mantra's partnership with the digital bank from the UAE, Zand, which allows tokenization of real-world assets (RWA) in accordance with the requirements of the Dubai Virtual Assets Regulatory Authority (VARA).
On the evening of November 30, the asset was trading at $3.44, with OM decreasing by 4.21% over the day. However, the relative strength index (RSI) was 63.88, indicating that the cryptocurrency still has potential for further growth.
The chart of the L1 token Mantra's price
AIOZ Network (AIOZ) has also made it to the leaders, increasing by 427.6% since the beginning of the year due to the growing adoption of its decentralized content delivery network and continuous improvement of its ecosystem. In the last week, the price of AIOZ surged by another 72.39% to $0.8008.
Since the beginning of the year, Sui Network (SUI) has grown by 388.2%. Its rally is attributed to the success of innovative decentralized applications focused on scalability and developer-friendly features. In the last week, SUI has increased by another 66.92% and is trading at $3.46.