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Bitcoin, Dogecoin, XRP and HBAR lead gains in 2024
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The cryptocurrency market saw explosive growth in 2024, doubling in size and reaching US$3.9 trillion in capitalizationthe. To a large extent, the result is related to the 160% appreciation of Bitcoin, which is now worth US$2 trillion. However, there were other highlights of the year.
From January to December, the crypto market doubled in size, going from US$1.8 trillion to US$3.9 trillion. Among the main responsible for this jump is Bitcoin, which rose 160% in value in the same period.
THE cryptocurrency went from US$850 billion at the beginning of the year to the current US$2 trillion in 12 months. Furthermore, BTC maintained its 50% market share. Altcoins and memecoins also helped the growth of the cryptocurrency market in 2024. In addition to Bitcoin, check out the other tokens that led gains in the year and could continue to rise next year.
The most famous memecoin in the cryptocurrency universe continues to be one of the biggest winners on the market. THE token inspired by the Shiba Inu dog breed rose more than 350% from January to December this year. After starting the year with a market capitalization of around US$13 billion, the token increased its market share fivefold and ends with a capitalization that came close to reaching US$70 billion at the beginning of the last month of the year.
Dogecoin (DOGE)
Among the reasons behind cryptocurrency’s second best year, we can highlight Trump’s victory for the presidency of the United States, whose one of his main allies is Elon Musk, notorious enthusiast of the Dogecoin project.
In fact, the businessman has led the creation of a department inspired by the token, DOGE (Department of Government Efficiency) and has announced the possibility of integrating the token as a means of payment for its social network X.
XRP was a pleasant surprise in 2024 when it jumped from a market capitalization in the US$25 billion in January to US$125 billion in December. The crypto asset surpassed the US$ 150 billion mark in the first days of December.
The significant growth made the cryptocurrency reach 4th place in terms of market capitalization. Thus, XRP surpassed Solana and approached USDT, Tether’s stablecoin.
Among the reasons behind the token’s success this year, it is worth highlighting the rumors that an XRP ETF should be launched in the first weeks of 2025.
Recently, Todaysgist reported that WisdomTree, an important investment manager in the United States, registered a request for authorization with the SEC to create the WisdomTree XRP Fund. Furthermore, the company’s CEO, Brad Garlinghouse recently met with Donald Trumpgenerating great expectations for the asset from the start of the next government.
Bitcoin, Dogecoin, XRP and HBAR lead gains in 2024
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Bitcoin, Dogecoin, XRP and HBAR lead gains in 2024
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Bitcoin, Dogecoin, XRP and HBAR lead gains in 2024
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Bitcoin, Dogecoin, XRP and HBAR lead gains in 2024
