📊 Memecoin and Altcoin steal the scene from the dominance of Bitcoin
An eventful year is coming to an end for the world of cryptocurrencies, which in 2022 experienced a rather negative period, only to begin a gradual recovery in 2023, driven by expectations for the Bitcoin Halving of 2024. In this article, the best performances achieved by some of the main cryptos during this 2024 will be analyzed, through some interesting statistical data.
An eventful year is coming to an end for the world of cryptocurrencies, which in 2022 experienced a rather negative period, only to begin a gradual recovery in 2023, driven by expectations for the Bitcoin Halving of 2024. In this article, the best performances achieved by some of the main cryptos during this 2024 will be analyzed, through some interesting statistical data.
🔸 Cryptocurrencies in 2024: Bitcoin Dominance continues with the 100,000$ threshold surpassed
From the table shown in Figure 1, where the last date considered for the calculations is 12/11/2024, it is noted how after a disastrous 2022 for all cryptocurrencies, none excluded, 2023 was instead a year of rebound and general recovery for the entire sector. As already mentioned, this movement was largely driven by the bull expectation in view of the Bitcoin Halving, but also by the anticipation for the launch of the first Spot ETFs on Bitcoin and Ethereum at the beginning of 2024, which opened the world of cryptocurrencies to a much wider pool of liquidity, making it accessible not only to institutional investors but also to a broader audience of investors.
🔸 Figure 1. Summary table of the best cryptocurrencies ordered by “Yearly” performance created in 2024.
As for 2024, considering that there are only a few days left until the end of December, it can now be stated that the bull expectations have not been disappointed, with Bitcoin (BTC) leading the market by consolidating its ‘Dominance’ (see this article), moving sideways for a few months after the April Halving.
