The event of Bitcoin first surpassing 100,000 USD marked an important milestone in 2024, but this outstanding growth is not the most impressive achievement in the cryptocurrency market. Many altcoins and meme coins have achieved incredible growth, making 2024 an exciting year with strong market growth.
Bitcoin $BTC has continuously set records and surpassed 100,000 USD for the first time in history, thanks to the comprehensive growth wave of the cryptocurrency market. The market capitalization of Bitcoin reached 2 trillion USD, accounting for over 56.8% of the global market share.
However, despite a growth of 135.9%, Bitcoin is not the highest-performing cryptocurrency. Some altcoins and meme coins have seen growth far exceeding Bitcoin, such as Pepe (increased by 1,570.7%) or SUI (increased by 509%).
The year 2024 witnessed the explosion of many cryptocurrencies beyond Bitcoin. Below is a list of the top 10 cryptocurrencies with the most impressive growth (with a market capitalization of over 5 billion USD):
Pepe: Increased by 1,570.7%, market capitalization 9 billion USD.
SUI: Increased by 509%, market capitalization 13.7 billion USD.
Dogecoin: Increased by 333.1%, market capitalization 56.9 billion USD.
XRP: Increased by 303.9%, market capitalization 142.3 billion USD.
Hedera: Increased by 247.7%, market capitalization 11.5 billion USD.
Stellar: Increased by 233.4%, market capitalization 12.9 billion USD.
Toncoin: Increased by 155.6%, market capitalization 14.6 billion USD.
TRON: Increased by 155.1%, market capitalization 23.7 billion USD.
Shiba Inu: Increased by 150.1%, market capitalization 15.2 billion USD.
Bitcoin: Increased by 135.9%, market capitalization 2 trillion USD.
Despite strong growth, Bitcoin is not the profit champion.
How has the cryptocurrency market grown in 2024?
The total global cryptocurrency market value has increased by an additional 1.8 trillion USD, from 1.8 trillion USD to 3.6 trillion USD by the end of the year. Bitcoin contributed about 2/3 to this growth, but many altcoins and meme coins also played a significant role due to their dynamism and high volatility.
A particularly attention-grabbing factor this year is the growth of meme coins like Dogecoin, which are heavily influenced by internet culture and political events, including announcements from Elon Musk regarding DOGE.
Donald Trump's victory in the presidential election has strongly boosted the cryptocurrency market. Trump pledged to make the United States the "crypto capital of the planet" and support Bitcoin mining.
After the election day, Bitcoin quickly surpassed the milestones of 80,000 USD, 90,000 USD, and 100,000 USD. Ethereum, the second largest cryptocurrency, also grew by 43%, adding 118 billion USD to its market capitalization.
The total global market value increased by more than 1 trillion USD since this event, thanks to investor confidence and growing interest from the political and financial sectors.
The crypto market in 2024 is supported by a series of positive events, particularly the decision of the U.S. Securities and Exchange Commission (SEC) to approve the first Bitcoin ETFs. This has brought in about 15 billion USD in investments just in the first 5 months of the year.
The focus on crypto in the presidential elections has also increased public interest. Trump, who previously criticized Bitcoin, now supports this industry, creating a significant boost for the market.
