Bitcoin achieved historic milestones in 2024, breaking past the six-digit mark for the first time amid a widespread cryptocurrency rally fueled by Donald Trump’s election victory. However, despite its impressive surge to over $100,000, Bitcoin was not the year’s best-performing cryptocurrency. Several altcoins and meme coins outshone the market leader, delivering staggering returns.

Bitcoin’s Rise: Bitcoin surged 47% since Election Day, adding $1.2 trillion to its market capitalization. Over the year, it climbed by 130%, reaching a peak of just over $102,000.

Top Performers:

  • Pepe: The meme-inspired Pepe token dominated with an extraordinary 1,570% increase, pushing its market capitalization to $9 billion.

  • SUI: SUI, the native token of the Sui blockchain network, gained 509% this year, establishing itself as the second-best performer.

  • Dogecoin: Backed by Elon Musk’s endorsements, Dogecoin surged by 333%, reaching levels unseen since the pandemic.

  • XRP: Ripple’s token, XRP, rose 304%, further solidifying its place among the top digital assets.

  • Hedera: Hedera’s token saw a 248% growth, while Stellar climbed 233%.

  • Toncoin and TRON: Toncoin and TRON grew by 155% each, narrowly outpacing Bitcoin.

  • Shiba Inu: Another meme coin, Shiba Inu, gained 150%, rounding out the top performers.

A Year of Massive Growth

The global cryptocurrency market expanded dramatically in 2024, adding $1.8 trillion to its aggregate value. As of December 18, the market stood at $3.6 trillion, up from just under $1.8 trillion at the start of the year, according to CoinGecko. Bitcoin maintained its dominance, holding a 56.8% share of the market and contributing to two-thirds of the overall growth.

The 10 Best-Performing Cryptocurrencies in 2024 (Market Cap Over $5 Billion):

  1. Pepe: +1,570.7%, $9 billion market cap

  2. SUI: +509%, $13.7 billion market cap

  3. Dogecoin: +333.1%, $56.9 billion market cap

  4. XRP: +303.9%, $142.3 billion market cap

  5. Hedera: +247.7%, $11.5 billion market cap

  6. Stellar: +233.4%, $12.9 billion market cap

  7. Toncoin: +155.6%, $14.6 billion market cap

  8. TRON: +155.1%, $23.7 billion market cap

  9. Shiba Inu: +150.1%, $15.2 billion market cap

  10. Bitcoin: +135.9%, $2 trillion market cap

While Bitcoin’s surge to $100,000 was historic, 2024 was defined by the meteoric rise of altcoins and meme coins, which captivated the market with their outsized returns. As cryptocurrencies continue to evolve, the year underscored the potential for smaller tokens to outpace even the largest and most established digital assets.

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