As 2024 draws to a close, the altcoin market has been shaped by many fluctuations and surprising performances. Some cryptocurrencies have made huge gains against the volatility of the market. These successes are driven by strategic developments, increasing adoption rates, and high demand. So, which are the most profitable coins of 2024?
MANTRA’s native token OM achieved the most remarkable success of the year by showing an extraordinary performance of 9.445% in 2024. This rise is directly related to the increasing interest in Real-World Assets (RWA). RWA promises a new gateway to wealth on a global scale for investors.
OM was trading at $0.040 at the beginning of the year. However, it hit an all-time high of $4.60 on December 11. Although its price has currently fallen to $3.58, it is expected to reach $5.50 in the first weeks of 2025 if the current trend continues. However, if demand for RWA tokens decreases, the price could fall below the $2.50 level.
MOG became the second coin to gain attention with a 5,337% increase in 2024. An Ethereum-based meme coin, MOG has emerged as one of the rare success stories in the Ethereum ecosystem. Having reached a peak of $0.0000040 on December 6, MOG is currently trading at $0.0000022, down 47.7%.
Technical analysis shows that the Awesome Oscillator (AO) indicator has crossed into the negative territory, which will weaken the momentum on MOG. If the selling pressure continues, the price may drop to $0.0000016. However, if the buying pressure increases, this scenario may change and MOG may recover in the short term.
POPCAT, a Solana-based meme coin, gained 3,169% over the course of 2024. However, a major sell-off in the second quarter of the year sent its price plummeting to $0.73, a 64% drop from its all-time high of $2.05.
Technical analysis shows that POPCAT is approaching the oversold territory. If this is confirmed, the price could rise to $1.28 due to buying pressure. Its performance in 2025 will depend on market conditions. If the market enters a bull cycle, POPCAT will continue to gain value.
Aerodrome Finance’s governance token AERO has seen a 1,981% increase in value in 2024. Built on the Base network, AERO has seen significant interest with the adoption of Coinbase’s Layer-2 solution. Additionally, Binance’s listing of AERO on its perpetual market has increased the token’s liquidity.
Currently, AERO is trading at $1.47 with a significant support level at $1.05. However, the MACD indicator has crossed into the negative territory, signaling a short-term bearish signal. If this support level is broken, the price could drop to $0.89. However, this decline could be prevented if the overall momentum changes.