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Ranking: the cryptocurrencies with the best performance in 2024
Dogecoin $DOGE leads the performance in 2024 with a 430% increase, driven by Donald Trump's victory and Elon Musk's support. Meanwhile, Solana consolidates its dominance as a key platform for "meme coins" and stands out for its record activity in transactions.
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Almost all cryptocurrencies experienced a strong rise after the elections in the USA.
The top-performing token as of November 2024 is Dogecoin, considered by many as the first “meme coin” in the industry. However, the performance of Solana, Binance Coin, and of course, Bitcoin, which occupies the fourth place in the ranking, stands out.
Like many other tokens, Dogecoin experienced a massive increase after Donald Trump's victory in the 2024 presidential elections. This places it in the seventh position by market capitalization, above projects considered more solid in the industry, such as Cardano or Avalanche.
According to data from PinPoint Macro Analytics, both investors and speculators trust that the incoming administration will be favorable to cryptocurrencies. Another influential factor, especially for Dogecoin, is Elon Musk's growing role in the government.
Musk, a known advocate for cryptocurrencies, has expressed his support for Doge on multiple occasions through tweets and interviews.
