It was the tenth best-performing cryptocurrency in 2024 .
Bitcoin achieved several records throughout 2024 and crossed the $100,000 threshold for the first time, leading the sector amid a broader crypto rally, according to the American magazine "Forbes." However, its historic rise was not the best performance in the market last year, thanks to several altcoins and meme coins (influenced by social media signals) that also surged significantly.
Bitcoin, which increased by 135.9% in 2024, rose from $42,265 on January 1 to $93,508 on December 31, adding approximately $1.02 trillion to its market cap, reaching $1.85 trillion. However, Pepe, a coin named after a meme frog associated with far-right groups, was the top performer among coins with a market cap exceeding $5 billion, surging by about 1,570%, according to CoinMarketCap.
SUI was the second-best performer, up by 509%, while Dogecoin outperformed Bitcoin with a 333.1% increase, reaching levels not seen since the coronavirus pandemic.
XRP outperformed Bitcoin in 2024, rising by about 303.9%.
Stellar and Toncoin also saw gains of 233.4% and 155.6%, respectively.
Shiba Inu and TRON outperformed Bitcoin as well, rising by 150.1% and 155.1%, respectively.
Top 10 Best-Performing Cryptocurrencies in 2024:
Pepe: Up 1570%, market cap $9 billion.
SUI: Up 509%, market cap $13.7 billion.
Dogecoin: Up 333.1%, market cap $56.9 billion.
XRP: Up 303.9%, market cap $61 billion.
Hedera: Up 247.7%, market cap $11.5 billion.
Stellar: Up 233.4%, market cap $12.9 billion.
Toncoin: Up 155.6%, market cap $14.6 billion.
TRON: Up 155.1%, market cap $23.7 billion.
Shiba Inu: Up 150.1%, market cap $15.2 billion.
Bitcoin: Up 135.9%, market cap $1.85 trillion.
How much will the cryptocurrency market grow in 2025?
At the start of 2025 (as of February 23), the total market cap was approximately $3.41 trillion, with Bitcoin’s dominance at 57.8% and its market cap at $1.97 trillion at a price of $96,000. It is expected that about $1.8 trillion will be added to the total market cap in 2025, rising from $3.41 trillion to $5.21 trillion by the end of the year. Bitcoin, controlling more than half the market, may contribute around $1.04 trillion of this growth (reaching approximately $150,000), while altcoins add $0.76 trillion, driven by market enthusiasm and an anticipated "altcoin season."
The current data for 2025 is based on market trends up to today (February 23), assuming the continuation of the expected upward momentum in the first quarter of 2025, based on historical post-halving cycles.
The forecast of a $1.8 trillion increase is reasonable but could change depending on factors such as economic policies, institutional adoption, or market volatility.
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