This article highlights the impressive performance of altcoins in 2023, showcasing six coins that delivered staggering returns. It delves into the concept of 'alt season' and explains how altcoin prices often move in tandem with Bitcoin. The article provides a list of the top 100 cryptocurrencies ranked by their gains from January 1st to December 24th, emphasizing the potential profitability of altcoins for both day trading and long-term investment.
Altcoins include all the other Internet currencies secured by cryptographic blockchains, in addition to Bitcoin , which is a seminal and first-in-class cryptocurrency. Their currency market exchange rates can vary with as much volatility as BTC and tend to track along with Bitcoin ’s price.
Lower down in this article is the entire list of top 100 cryptocurrencies by market cap ranked in order of gains they delivered from Jan. 1 through Dec. 24 this year. The author calculated these gains by taking the average crypto exchange price on Dec. 24 and dividing it by the average price on Jan. 1.
Following the November election, however, this Solana Program Library meme coin really ripped. Trump’s reelection saw most crypto markets rally, but Fartcoin posted a 300% gain in a matter of days from Nov. 5 through Nov. 18. Then in December, Fartcointo run to $2 per token on popular Solana decentralized exchanges like Radium and Meteroa VD.
Anyone who’s been paying attention to the meme coin sector: These ragtag upstarts are decidedly the shock jocks of the digital finance industry.Several meme coins have flown up the price charts in 2024, but so also have altcoins with specific use cases and direct utility. That’s shown the market’s demand for currencies that power useful applications and artificial intelligence .
That milestone came as a result of a partnership between Mantra and the UAE’s Zand Bank. The two are collaborating to define clear frameworks for RWA tokenization that comply with the Virtual Asset Regulatory Authority of Dubai.all-time record high in October. That came after Mantra’s price surged more than 60% in under 30 days to nearly $1.50 with a total market cap of $1.2 billion.3.
As a result of its enormous increases, the token for Virtuals Protocol was the third biggest gainer in 2024. From Jan. 1 to Dec. 24, VIRTUAL grew in price by 6,068%.Markets heavily rewarded real-world asset tokenization in 2024. They also liked currency platforms with other specific, unique, and valuable use cases .
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