- In 2024, 42 cryptocurrencies surpassed Bitcoin's year-over-year ROI.
- The highest 10 performers are dominated by meme cash, lots of that are listed on Binance.
- The Binance itemizing was instrumental within the rise of a number of cash; tokens like WIF noticed a 234% acquire after itemizing.
A complete of 42 cryptocurrencies have outperformed Bitcoin to this point this yr, with meme cash main the way in which. Knowledge from Lookonchain reveals that 25 of those high performers are listed on Binance, and eight of the highest ten are meme tokens.
Meme Cash Dominate Cryptocurrency Earnings in 2024
Since January 2024, meme cash have emerged as high performers in cryptocurrencies
market. POPCAT ranks first with a tremendous 7,552% annual return on funding (ROI).
Different meme cash comparable to MOG and NPC additionally noticed nice progress, with 2,206% and 1,163% YTD ROI, respectively.
Binance, specifically, has performed a key position in boosting these meme tokens' visibility and buying and selling volumes, given its place as the most important cryptocurrency alternate. Particularly, 4 of the top-performing meme cash had been listed on Binance, permitting extra market members to learn from their surge in costs.
Binance's Affect on Cryptocurrency Development
Of the 42 cash which have outperformed Bitcoin this yr, 25 are listed on Binance. The alternate has helped a number of cash take off, with tokens like WIF gaining 234% after their 2024 IPO.
Even tokens listed on Binance final yr, comparable to ARKM (+1,038%) and PENDLE (+752%), have seen important progress this yr.
Primarily based on this document, Lookonchain claimed that Binance's itemizing technique seems to be targeted on cash with excessive progress potential, particularly meme tokens and small-cap altcoins.
Small Cap and Trade Tokens stand out
Amongst unlisted cash, Lookonchain discovered 4 alternate tokens comparable to MX and LEO together with ten small-cap and low-volume belongings.
Even with much less market publicity, a few of these cash nonetheless managed to beat Bitcoin. Cash comparable to PEPECOIN and AIOZ, categorized as AI or small-cap tokens, have seen modest progress in 2024 however stay unlisted on main exchanges.
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