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- 42 cryptocurrencies outperformed Bitcoin’s 12 months-to-Date ROI in 2024.
- Meme cash dominate the highest 10 performers, with many listed on Binance.
- Binance itemizing was instrumental within the rise of a number of cash; tokens like WIF noticed a 234% achieve after being listed.
A complete of 42 cryptocurrencies have outperformed Bitcoin to date this 12 months, with meme cash main the cost. 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 2024 Crypto Positive factors
Since January 2024, meme cash emerged because the standout performers within the crypto
market. POPCAT takes the highest spot with a tremendous 7,552% year-to-date (YTD) return on funding (ROI).
Different meme cash, comparable to MOG and NPC, additionally noticed main progress, with 2,206% and 1,163% YTD ROI, respectively.
Notably, Binance performed an important function in boosting these meme tokens’ visibility and commerce volumes, given its standing as the most important cryptocurrency change. Specifically, 4 of the top-performing meme cash had been listed on Binance, permitting extra market contributors to learn from their sharp worth will increase.
Binance’s Influence on Crypto Development
Of the 42 cash that outperformed Bitcoin this 12 months, 25 are listed on Binance. The change has helped a number of cash take off, with tokens like WIF gaining 234% after being listed in 2024.
Even tokens listed on Binance final 12 months, comparable to ARKM (+1,038%) and PENDLE (+752%), skilled vital progress this 12 months.
Primarily based on this document, Lookonchain argued that Binance’s itemizing technique seems to give attention to high-growth potential cash, particularly meme tokens and small-cap altcoins.
Small-Cap and Alternate Tokens Stand Out
Among the many unlisted cash, Lookonchain discovered 4 change tokens like MX and LEO, together with ten small-cap, low-volume belongings.
Even with much less market publicity, a few of these cash nonetheless managed to beat Bitcoin. Cash like PEPECOIN and AIOZ, categorized as AI or small-cap tokens, noticed modest progress in 2024 however stay unlisted on main exchanges.
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