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- Mantra (OM) has risen 7,035.2% in 2024 amid growing demand for RWA protocols.
- AIOZ and SUI are the opposite high performing L1 tokens in 2024.
- Sui Community just lately launched Bitcoin staking.
Layer 1 (L1) tokens have seen distinctive value will increase in 2024, with some recording positive factors of as much as 7,000%, in line with a report from CoinGecko. The report highlights Mantra (OM), AIOZ Community (AIOZ), and Sui Community (SUI) because the top-performing L1 cryptocurrencies this yr. Donald Trump’s U.S. presidential victory was cited as a significant contributing issue to those value surges, added the report.
Mantra (OM) emerged because the best-performing L1 token of 2024, boasting a staggering 7,035.2% year-to-date (YTD) improve. CoinGecko attributes this progress to Mantra’s partnership with Zand, a UAE-based digital financial institution enabling the tokenization of real-world belongings (RWAs) in compliance with Dubai’s Digital Asset Regulatory Authority (VARA). This partnership, coupled with rising institutional curiosity in RWAs, drew important capital inflows into OM.
On the time of writing, OM is buying and selling at $3.44, down 4.21% up to now 24 hours and eight.66% up to now week. The Relative Energy Index (RSI) reads a price of 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 the continuation of the uptrend.
Learn additionally: World Markets Juggle Bitcoin Surge and Trump Commerce Uncertainty
AIOZ and SUI Additionally Amongst Prime Performers
AIOZ Community (AIOZ) recorded a outstanding 427.6% YTD improve, supported by rising adoption of its decentralized content material supply community and steady ecosystem enhancements. Buying and selling at $0.8008, AIOZ has risen 72.39% over the previous week, highlighting its sturdy market momentum.
Sui Community (SUI), with a 388.2% YTD improve, owes its success to modern dApps targeted on scalability and developer-friendly options. At present priced at $3.46, SUI has gained 66.92% over the previous week. The current announcement of a Bitcoin staking characteristic has additional boosted investor optimism, suggesting potential for continued progress.
Disclaimer: The knowledge offered on this article is for informational and academic functions solely. The article doesn’t represent monetary recommendation or recommendation of any sort. Coin Version is just not chargeable for any losses incurred on account of the utilization of content material, merchandise, or companies talked about. Readers are suggested to train warning earlier than taking any motion associated to the corporate.