10 cryptocurrencies with the strongest price increase since the beginning of 2024
Since the beginning of 2024, many cryptocurrencies have recorded impressive growth rates. Below are the 10 cryptocurrencies with the strongest price increases as of November 17, 2024:
1. Dogecoin (DOGE): Increased by over 300%, thanks to support from billionaire Elon Musk and its connection with the new administration of Donald Trump.
2. Shiba Inu (SHIB): Increased by about 150%, also benefiting from similar factors as Dogecoin and the overall price increase of meme coins.
3. Bitcoin (BTC): Recorded an increase of about 130% this year, with strong momentum following Trump's victory.
4. Solana (SOL): Increased by 456%, thanks to the development of the network and listings on multiple exchanges.
5. Ethereum (ETH): Increased by about 65%, supported by high demand from DeFi and NFT platforms.
6. Toncoin (TON): Recorded an increase of about 234%, thanks to the project's development and potential in the blockchain industry.
7. Binance Coin (BNB): Increased by 80%, due to the rise in trading on the Binance exchange.
8. Cardano (ADA): Increased by 24%, with advancements in the network and potential in the smart contract field.
9. Ripple (XRP): Recorded an increase of 16%, despite facing legal issues but still highly regarded.
10. Avalanche (AVAX): Strong growth with applications in the DeFi ecosystem and market acceptance.
These cryptocurrencies have not only increased in price due to market factors but also due to a strong wave of investment from investors following favorable political and financial developments.