Bitcoin's Record-Breaking Year

Bitcoin set new records in 2024, surpassing the $100,000 mark for the first time. Despite its impressive surge of 130% to just over $102,000, it was not the top performer in the market.

Key Facts

• Bitcoin gained 47% since Election Day, adding approximately $1.2 trillion to its market cap this year.
• Pepe, a meme-based token, led the charge with a staggering 1,570% increase.
• Other notable performers include SUI at 509%, Dogecoin at 333%, and XRP at 304%.

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

1. Pepe: up 1,570.7%, market cap $9 billion
2. SUI: up 509%, market cap $13.7 billion
3. Dogecoin: up 333.1%, market cap $56.9 billion
4. XRP: up 303.9%, market cap $142.3 billion
5. Hedera: up 247.7%, market cap $11.5 billion
6. Stellar: up 233.4%, market cap $12.9 billion
7. Toncoin: up 155.6%, market cap $14.6 billion
8. TRON: up 155.1%, market cap $23.7 billion
9. Shiba Inu: up 150.1%, market cap $15.2 billion
10. Bitcoin: up 135.9%, market cap $2 trillion

Crypto Market Growth in 2024

The global cryptocurrency market added $1.8 trillion in value, reaching $3.6 trillion by December 18, with Bitcoin holding 56.8% of the market share.

What Are Meme Coins?

Meme coins are cryptocurrencies often associated with internet jokes, exhibiting higher volatility. Dogecoin saw a significant rise this year, fueled by cultural moments and endorsements from influential figures.

Impact of Trump's Election on Crypto

Donald Trump's election victory boosted the crypto market significantly, with Bitcoin reaching new heights shortly after. His pro-crypto stance and endorsements from industry billionaires contributed to this surge, leading to an overall market growth exceeding $1 trillion.

Further Reading

For more insights on meme coins and their performance, check out our related articles.