Introduction
The cryptocurrency market in 2024 witnessed significant growth, with several altcoins outperforming Bitcoin in percentage gains. While Bitcoin remained a dominant force in the market, meme coins, Layer-1 blockchains, and utility-based tokens saw some of the highest returns.
In this article, we highlight the top-performing cryptocurrencies of 2024 based on their price percentage increases. From the explosive growth of PEPE to the steady rise of Bitcoin, let’s explore the biggest winners of the year.
Top 10 Best-Performing Cryptocurrencies in 2024
1. PEPE (+1570%)
The best-performing cryptocurrency of 2024 was PEPE, a meme coin that skyrocketed by an astonishing 1,570%. Driven by a strong community, viral social media hype, and increased exchange listings, PEPE led the meme coin sector with massive gains.
2. Sui (SUI) (+509%)
Sui’s blockchain scalability and low transaction fees made it a major player in 2024. With a 509% price increase, SUI attracted a growing number of developers and users, particularly in the DeFi and gaming sectors.
3. Dogecoin (DOGE) (+333%)
Dogecoin continued its resilient rise in 2024, gaining 333%. With strong support from Elon Musk and integration in various payment platforms, DOGE solidified its position as the leading meme-based digital currency.
4. XRP (XRP) (+304%)
XRP saw a 304% price surge, benefiting from increased institutional adoption and regulatory clarity following Ripple’s legal battle with the SEC. Its use in cross-border payments and banking solutions further fueled investor confidence.
5. Hedera (HBAR) (+248%)
Hedera’s energy-efficient blockchain and partnerships with major enterprises led to a 248% increase in price. As businesses sought secure and scalable decentralized solutions, HBAR emerged as a top-performing altcoin.
6. Stellar (XLM) (+233%)
With a 233% price rise, Stellar continued its mission to enhance financial inclusion. Its role in cross-border transactions and integration with various payment providers helped drive its success in 2024.
7. Toncoin (TON) (+156%)
Toncoin, backed by Telegram, witnessed a 156% increase due to the expansion of its blockchain ecosystem within the messaging app. Its seamless integration allowed users to make fast and secure transactions within Telegram.
8. Tron (TRX) (+155%)
Tron’s focus on DeFi, gaming, and stablecoins made it a strong performer, increasing by 155% in 2024. High transaction speed and low fees attracted more projects to the Tron network, making it one of the top DeFi ecosystems.
9. Shiba Inu (SHIB) (+150%)
Shiba Inu saw an impressive 150% gain, driven by the success of Shibarium, its Layer-2 scaling solution. Increased utility and token burns helped strengthen SHIB’s market position.
10. Bitcoin (BTC) (+136%)
While Bitcoin was not the best-performing cryptocurrency, it still achieved a 136% increase, surpassing the $100,000 mark for the first time. Institutional adoption, ETF approvals, and macroeconomic trends all contributed to Bitcoin’s steady growth.
Key Takeaways from 2024’s Crypto Market
✅ Meme coins dominated – PEPE, Dogecoin, and Shiba Inu proved that meme-driven investments still have strong market appeal.
✅ Layer-1 blockchains thrived – Sui, Toncoin, and Tron offered scalability and efficiency, driving their adoption.
✅ Institutional interest grew – Bitcoin, XRP, and Hedera benefited from increased adoption by major corporations and financial institutions.
✅ DeFi and payments led growth – Coins with real-world use cases in decentralized finance, payments, and enterprise solutions performed well.
Conclusion
2024 was an exceptional year for the crypto market, with some altcoins achieving extraordinary returns. While Bitcoin remained the market leader, PEPE, SUI, DOGE, and XRP delivered higher percentage gains, proving that the altcoin market remains full of opportunities.
Looking ahead, will meme coins continue their dominance, or will DeFi and enterprise blockchains take center stage in 2025?
Disclaimer: The information provided in this article is for educational and informational purposes only and should not be considered financial or investment advice. Trading cryptocurrencies involves significant risk, and past performance does not guarantee future results. While we strive for accuracy, we do not guarantee the completeness, correctness, or reliability of the content. QuantLenz assumes no responsibility for any errors, omissions, or losses incurred. Always conduct your own research and consult a professional before making financial decisions.