As a seasoned analyst with over two decades of experience in the financial markets, I have witnessed numerous trends and fluctuations that have shaped our global economic landscape. The crypto space is no exception to this dynamic environment, and my current observations are particularly intriguing.
42 different digital currencies, including Popcat, Mantra, and Mog Coin, are predicted by Lookonchain analysis to surpass Bitcoin‘s performance in the year 2024.
Despite being the leading and most sought-after digital currency with strong institutional interest, Bitcoin (BTC) finds itself trailing behind 42 other altcoins this year in terms of return on investment, as suggested by an analysis by Lookonchain.
Among various cryptocurrencies, Popcat (POPCAT), Mantra (OM), and Mog Coin (MOG) have shown substantial growth relative to Bitcoin, as observed in September 2024.
As a researcher examining market trends, I’ve noticed an astonishing surge in the performance of POPCAT. Remarkably, it has soared a staggering 7550% since Binance announced its support for trading in August, a move that appears to have catapulted this cryptocurrency into the stratosphere.
The mantra cryptocurrency, set to launch its main network in October, has experienced a staggering 1550% increase in value this year for its OM token. This altcoin stands out as one of the Binance-listed coins showing significant price growth.
Additionally, it’s worth noting that coins not listed on the exchange, such as MOG with a 2200% increase and MAGA showing a 1129% rise, have also seen significant growth. In contrast, Bitcoin, at the time of writing, was up by more than 43%.
Meme coins and exchange tokens
In 2024, some alternatives that surpassed Bitcoin’s impressive growth (reaching over $73k due to exchange-traded fund launches, halving trends, and general market sentiment) are meme coins, exchange tokens, and numerous small-cap assets.
Among the top ten assets that have grown significantly against Bitcoin this year, it turns out that eight are meme-based cryptocurrencies, with Binance currently supporting trading for four of these meme tokens.
In simple terms, Dogwhathat (WIF) is among the meme coins that will be listed on Binance in 2024. Its Year-to-Date (YTD) performance has been impressive at 976%, and since Binance began offering trading support in March, its value has increased by more than 230%.
Some additional coins that experienced growth are ARKM, PENDLE, FLOKI, and PEPE, which were added to Binance in 2023. These cryptocurrencies saw a significant increase in positive momentum during 2024, as suggested by Lookonchain’s analysis. It appears that the exchange listings positively impacted these tokens.
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2024-09-20 19:12