- Mantra (OM) grew by 7,035.2% in 2024 as a result of growing demand for RWA protocols.
- AIOZ and SUI are the subsequent prime performing L1 tokens in 2024.
- Sui Community lately launched Bitcoin betting.
Layer 1 (L1) tokens have seen extraordinary worth development in 2024, with some seeing beneficial properties of as much as 7,000%, in line with a CoinGecko report. The report highlights Mantra (OM), AIOZ Community (AIOZ), and Sui Community (SUI) as the highest performing L1 cryptocurrencies this 12 months. Donald Trump's US presidential victory was cited as a significant component contributing to those worth jumps, the report added.
Mantra (OM) has emerged as the highest performing L1 token of 2024, boasting a staggering 7,035.2% year-to-date (YTD) improve. CoinGecko attributes this development to Mantra's partnership with Zand, a UAE-based digital financial institution that permits tokenization of real-world belongings (RWAs) in compliance with the Dubai Digital Property Regulatory Authority (VARA). This partnership, together with rising institutional curiosity in RWA, attracted vital capital inflows to OM.
On the time of writing, OM is buying and selling at $3.44, down 4.21% over the previous 24 hours and down 8.66% over the previous week. The Relative Power Index (RSI) reads 63.88 for OM, which signifies that the cryptocurrency nonetheless has bullish potential and the gradient of the road suggests a slight correction earlier than persevering with the uptrend.
Additionally Learn: International Markets Juggle Bitcoin Surge, Trump Commerce Uncertainty
AIOZ and SUI additionally among the many prime performers
The AIOZ Community (AIOZ) has seen a outstanding 427.6% year-to-date development, fueled by rising adoption of its decentralized content material supply community and steady ecosystem enhancements. AIOZ is buying and selling at $0.8008 and has risen 72.39% over the previous week, underscoring its sturdy market momentum.
With 388.2% development YTD, Sui Community (SUI) owes its success to progressive dApps centered on scalability and developer options. Presently at $3.46, SUI has gained 66.92% over the previous week. The current announcement of Bitcoin's staking characteristic additional boosted investor optimism, indicating the potential for continued development.
Disclaimer: The knowledge offered on this article is for informational and academic functions solely. This text doesn’t represent monetary recommendation or recommendation of any type. Coin Version shall not be accountable for any losses incurred because of the usage of mentioned content material, services or products. Readers are suggested to train warning earlier than taking any motion associated to the Firm.
