📊 In 2024, these four major cryptocurrencies outperformed the NASDAQ Composite Index in growth

This year, the impressive performance of the cryptocurrency market has significantly outpaced the stock market, even the NASDAQ Composite Index (IXIC) with a 31% increase seems dim in the face of the astonishing growth rates of some seasoned cryptocurrencies.

These four cryptocurrencies that beat Wall Street:

First is BTC, leading the cryptocurrency market this year with a 123% increase. Since its inception in 2009, Bitcoin has always been at the forefront of the industry, currently surpassing a market capitalization of $1.85 trillion. Benefiting from the approval of Wall Street ETFs by the SEC and a halving of supply, Bitcoin's leadership position is increasingly solidified. Furthermore, due to its scarce supply and the convenience of global transfers, economists often liken Bitcoin to a digital version of gold.

Next is ETH, with a growth rate of +48% this year. As a blockchain platform, Ethereum introduced the concepts of smart contracts and decentralized finance (DeFi), allowing investors to engage in financial activities such as lending, trading, and saving without intermediaries. This technology is still in its early stages but possesses immense potential to disrupt finance and other industries.

Then there’s Solana, with SOL showing a performance increase of +83% this year. As an emerging smart contract and DeFi platform, Solana has garnered widespread attention for its faster network speeds and lower transaction fees. Although its market capitalization is still less than a quarter of Ethereum's, Solana's growth rate is indeed impressive.

Finally, Ripple's XRP achieved an astonishing annual growth rate of 240% this year. XRP's outstanding performance has left market participants in awe, largely due to the speculative frenzy of new cryptocurrency investors in Memecoins, which has further boosted market prosperity.

Given that cryptocurrencies have achieved a cumulative increase in just one year that took the IXIC nearly a decade to reach. Its exchange rate against the US dollar has seen consecutive months of increases. It is expected that the cryptocurrency market will maintain its upward trend until demand peaks, at which point a cyclical adjustment may occur in this market.

In summary, while investments always carry risks, the current cryptocurrency market is more mature and secure than ever before. Those who once doubted cryptocurrencies should now reconsider the potential of these digital assets.