42 cryptocurrencies outperformed Bitcoin’s Year-to-Date ROI in 2024.
Meme coins dominate the top 10 performers, with many listed on Binance.
Binance listing was instrumental in the rise of several coins; tokens like WIF saw a 234% gain after being listed.
A total of 42 cryptocurrencies have outperformed Bitcoin so far this year, with meme coins leading the charge. Data from Lookonchain reveals that 25 of these top performers are listed on Binance, and eight of the top ten are meme tokens.
Meme Coins Dominate 2024 Crypto Gains
Since January 2024, meme coins emerged as the standout performers in the crypto
market. POPCAT takes the top spot with an amazing 7,552% year-to-date (YTD) return on investment (ROI).
Other meme coins, such as MOG and NPC, also saw major growth, with 2,206% and 1,163% YTD ROI, respectively.
Notably, Binance played a crucial role in boosting these meme tokens’ visibility and trade volumes, given its status as the largest cryptocurrency exchange. In particular, four of the top-performing meme coins were listed on Binance, allowing more market participants to benefit from their sharp price increases.
Binance’s Impact on …
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