Bigger Gains
Than Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin:
Top-Performing Crypto Assets
of 2024
Bigger Gains Than Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin: Top-Performing Crypto Assets of 2024
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin hit a record high this year, boosted by U.S• Соединённые Штаты Америки (США). spot ETF approvals and
Trump’s election—though some assets did even better.
By Mat Di Salvo
Dec 26, 2024 Dec 26, 2024
5 min read
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A handful of crypto assets made big gains this year. Image: Shutterstock
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Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin hit an all-time high this year, mainly thanks to the approval of spot
ETFs in the U.S• Соединённые Штаты Америки (США). and later after the election of Donald Trump—though other
assets outperformed.
Decrypt conducted analysis using data from CoinGecko and Nasdaq• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Биржи » Биржевые индексы » Nasdaq to identify
top-performing coins. To qualify, assets needed a starting market cap of at
least $500 million, observed from January 1 to December 17.
Other digital asset-related investments, including those of major companies,
also did quite well. Here's a look at this year's top-performing
assets.
Pepe, this year’s winning meme coin
One of the newer meme tokens to sit near the top of the market, Pepe (PEPE),
launched last year. The token is based on Pepe the Frog, an internet cartoon
later labeled a hate symbol by the Anti-Defamation League after alt-right
groups strangely adopted it.
Pepe hit a new all-time high in December. The Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum -based token started
the year with a market cap of $590.8 million, but landed at $9.4 billion by
December 17—a 1,492% surge.
Pepe grabbed headlines for—in typical meme style—its absurd rise in value and
how rich it made a small number of traders. But unlike many assets in the
bizarre space of meme tokens, Pepe kept going up, and it’s now the 28th
biggest coin by market cap.
Sui (SUI), altcoin king
It wasn’t long ago that the little-known Sui (SUI) came on the scene: Launched
in May 2023, the blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн was developed by ex-Meta• Объект организация » Организации по алфавиту » Организации на Me » Meta (компания) (formerly Facebook• Объект организация » Организации по алфавиту » Организации на Me » Meta (компания) » Facebook)
engineers and now has a buzzing DeFi community using its speedy network.
Rapid blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн Sui’s native SUI token has boomed this year. In January, its
market cap stood at $925 million. A 1,193% rise means that by December, it had
hit nearly $12 billion. SUI is now the 18th biggest cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта by market
cap.
MicroStrategy (MSTR)—winning Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin stock
Michael Saylor’s software company went all in on Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin this year—and the
firm’s stock shows that it was trading for less than $70 a share at the start
of the year.
By December, it had increased nearly fivefold—touching $386. That’s a 464%
increase and better than everything else on the Nasdaq• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Биржи » Биржевые индексы » Nasdaq, including Nvidia• Объект организация » Организации по алфавиту » Организации на Nv » Nvidia.
MicroStrategy was formerly a quiet software company. It then started buying
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin in 2020 and rebranded itself as a “Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin treasury company.” This
year, the Tyson, Virginia-based entity accelerated its orange coin buys,
promising speculators the best deal for Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin exposure.
Investors—including hedge funds looking to get volatile returns—piled in on
the stock.
Dogecoin
The O.G. meme coin. Created as a joke to poke fun at the silly amount of
altcoins being minted into existence, Dogecoin (DOGE) is now the seventh
largest crypto by market cap.
Its market cap jumped by 342% this year and now stands at $45.9 billion.
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s rise certainly helped.
It’s mainly got Tesla• Объект организация » Организации по алфавиту » Организации на Te » Tesla Motors CEO Elon Musk• Объект человек » Персоналии по алфавиту » Персоналии на Ма » Маск, Илон to thank for that: The world’s richest man
posted frequently about the asset in 2020-2021, and did so again this year
amid speculation that the coin would be used on his platform X (formerly
Twitter• Объект организация » Организации по алфавиту » Организации на Tw » Twitter, Inc.).
XRP, the comeback kid
XRP has had a strong year. The token facilitates transactions on the Ripple
network, which provides institutions with a blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн solution for
cross-border payments.
The token’s market cap has shot up so much that it’s now the fourth-largest
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта, increasing 286% from $34 billion to $131.2 billion. It was
briefly the third largest this month, overtaking Tether• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Tether; and on January 1 of
this year, it was sixth.
The coin has made headlines over its dealings with the authorities. The SEC
hit Ripple with a $1.3 billion lawsuit in 2020, alleging that the company sold
unregistered securities to investors to raise funds.
But last year, the company scored a partial win against the regulator when a
judge ruled that programmatic sales of XRP on crypto exchanges to retail
investors did not qualify as securities.
The ruling was interpreted as a win by Ripple—and the crypto industry as a
whole—despite the judge ruling that $728 million worth of tokens for
institutional sales constituted unregistered securities sales.
BlackRock’s iShares Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Trust (IBIT)
Let's call this one an honorable mention, given the title of this
article. It’s been an incredible year for Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin, and the world’s biggest
asset manager has played a part by making the biggest and oldest
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта available to all via an ETF.
The iShares Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Trust is a traditional investment vehicle that allows
investors to buy and sell shares that track Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s price. The shares are
traded on the Nasdaq• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Биржи » Биржевые индексы » Nasdaq.
When it started trading in January, IBIT broke record after record with
trading volume and inflows: By December, it had more than $50 billion in
assets under management, achieving the milestone in just 228 days—quicker than
any other ETF in history.
Several other top asset managers also have Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin ETFs trading, but
BlackRock’s product has been the most successful.
Edited by Sebastian Sinclair
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