Solana led altcoin rises at a 25x peak, fueled by DeFi growth and investor demand amidst steep price swings.
XRP matched the 6.4x return of Bitcoin, supported by legal certainty and a smoother growth curve during 18 months.
TRON and AAVE posted modest 4.9x and 4.7x gains, with TRON surging at the end of the day and AAVE lagging under lackluster investor sentiment.
Solana (SOL) and XRP posted the top returns among major altcoins, beating Bitcoin (BTC) across the board, from December 2022 through June 2024. Coin Bureau tracked the numbers, tabulating Solana as the uncontested large-cap victor in the 18 months.
Solana’s returns surged past 25x in late 2023 before cooling off to around 15.8x. Coin Bureau linked this breakout to Solana’s expanding ecosystem and heavy inflows into the DeFi and NFT sectors. XRP followed with a 6.4x gain, backed by increased legal clarity and consistent investor demand.
https://twitter.com/coinbureau/status/1938981462394458117
Bitcoin matched XRP’s 6.4x return but moved with far less volatility. Its growth curve has stayed smoother, hovering near the 6x level across the period. TRON (TRX) and AAVE lagged, posting 4.9x and 4.7x gains, respectively, still well above the 1.0x baseline.
Solana’s Ecosystem Strength Fuels Price Growth
Solana’s growth came with heavy momentum from Q3 to Q4 2023. This stretch saw intensified buying pressure and rising confidence across the board. The price chart reflected this shift with sharp upswings followed by quick corrections, highlighting aggressive accumulation phases.
The chart showed Solana’s purple line leading the field, consistently pushing above rival assets. Its high peaks and visible dominance aligned with Coin Bureau’s view that Solana traded short-term volatility for long-term growth.
XRP Rallies as Legal Clarity Boosts Confidence
XRP’s performance remained firm and steady. After regulatory clarity improved, XRP saw sustained gains with minimal price whipsaws. The chart line showed a clean upward slope, suggesting consistent market conviction in XRP’s post-lawsuit future.
Coin Bureau’s analysis linked this resilience to investors' positioning early in anticipation of further legal wins and ecosystem stability.
TRX and AAVE Trail, But Hold Ground
TRON spiked closer to June 2024 after a long flat run. Its 4.9x return came from a late surge, driven by renewed interest from mid-cap buyers. AAVE closed with a 4.7x gain. Despite lagging others, it held above baseline and showed consistent, if limited, growth.
The divergence between top and mid-cap tokens became more visible during Q4 2023 as volatility increased and investor behavior split sharply across assets.
The post Solana and XRP Lead Altcoin Gains from Dec 2022–Jun 2024, Outpacing Bitcoin appears on Coin Futura. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
