In 2024, the Nasdaq index saw a record high, rising by 33%.
On the other hand, four major cryptocurrencies managed to outperform this index, as these currencies achieved gains exceeding 100% for some of them. Here are more details about these digital currencies and their performance:
Bitcoin (BTC): +126%
Bitcoin has seen significant gains this year, driven by major events such as the SEC’s approval of a Bitcoin ETF and a reduced supply as a result of the reward halving.
With a market cap of over $1.9 trillion, Bitcoin has maintained its position as a stable digital asset and attractive to institutional investment.
Ethereum (ETH): +49%
Ethereum has continued to expand its uses across smart contracts and decentralized finance (DeFi) platforms.
The currency got a boost after launching its own ETF, and benefited from a shift in monetary policy in the United States.
However, Ethereum's market cap is still less than half that of Bitcoin, but it remains a major driver of development in the sector.
Solana (SOL): +75%
Solana stands out for its high speed and low fees, making it a strong competitor to Ethereum in the decentralized finance sector.
The currency has managed to attract significant investment and develop innovative projects, achieving gains that outperformed most technology stocks.
Ripple (XRP): +247%
Ripple has been the best performer this year, soaring in value thanks to legal victories against the SEC and strengthening its global partnerships.
Ripple continues to establish itself as a trusted platform for cross-border payments.
From the above, it is clear how much digital currencies have increased compared to traditional indices and stocks, but the amount of risk associated with investing in digital currencies must be taken into consideration.
