Top 5 Performing Coins of 2024— See the Cryptos That Made the Cut

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As a seasoned crypto enthusiast with years of experience navigating the volatile digital asset market, I find myself consistently amazed by the innovative projects that continue to emerge. The top-performing coins of 2024 showcase a diverse range of sectors and technologies, from DeFi solutions like Aerodrome Finance (AERO) to AI-focused networks such as AIOZ.

As the year 2024 nears its end, some cryptocurrencies have shown exceptional resilience in the face of market volatility, yielding impressive returns. These stellar coins earned their positions through strategic advancements, significant milestones in adoption, and escalating demand, resulting in substantial price increases.

This article from BeInCrypto showcases the leading five cryptocurrencies predicted for 2024, outlining the key aspects driving their growth. Additionally, it examines if these digital assets will sustain their performance and potentially continue advancing in the following year, 2025.

MANTRA (OM)

In simple terms, the cryptocurrency known as OM, associated with the layer-1 blockchain called MANTRA, is leading the pack among the top-performing altcoins in 2024. This year alone, its value has skyrocketed by an astonishing 9,445%. This significant price surge might be due to the growing interest in cryptocurrencies tied to Real-World Assets (RWA), a concept that MANTRA is part of.

For numerous individuals, Realize Wealth Asia (RWA) offers a chance to generate wealth worldwide. This attractiveness led MANTRA to participate in multiple partnerships, thereby boosting interest in One Mint (OM). Initially, the value of OM was approximately $0.040 at the start of the year.

Nevertheless, it reached a record high of $4.60 on December 11. At present, OM has dropped by 22.25% from that peak and is trading at $3.58. On the daily chart, OM tends to establish a new all-time high whenever it breaks free from a descending triangle pattern.

Here’s what we can observe: The incident you see happened in June. Something comparable transpired during the period between November and December. Given the pattern the token has been following, there’s a possibility it could spike again. If this happens, the price might escalate to $5.50 within the initial weeks of 2025.

In case the demand for RWA tokens weakens, it’s possible that the projected growth may not materialize. Alternatively, the token’s value might drop below $2.50.

Mog Coin (MOG)

In 2024, Mog Coin ranks as the second best-performing cryptocurrency. MOG is a meme coin built on the Ethereum platform and has seen a staggering increase of 5,337% in value this year. Notably, there weren’t many standout meme coins on the Ethereum blockchain during this period.

However, MOG experienced a significant surge, peaking at an unprecedented value of 0.0000040 on December 6th. As of now, the token is being traded at $0.0000022, representing a 47.70% decline from its peak.

Looking at the broader technical analysis perspective, the daily graph indicates that the Awesome Oscillator (AO) has dipped into the negative zone. This indicator calculates market momentum by considering both recent and past price fluctuations.

When the reading indicates a positive trend, the market sentiment for MOG is bullish. On the other hand, since it’s negative, the current sentiment around MOG is bearish. If this continues, the value of the meme coin could drop to 0.0000016. However, if buying pressure rises significantly, this prediction may be temporary and could change in the near future.

Popcat (POPCAT)

2024 sees another standout performer among meme coins – the feline-inspired token known as POPCAT. Just like its name suggests, POPCAT has a playful cat theme. Unlike some other well-known meme coins such as MOG, POPCAT operates on the Solana blockchain network.

This year, POPCAT’s worth skyrocketed a staggering 3,169%, but it’s important to note that its value was actually even higher, particularly in the second quarter of the year.

But, a notable sell-off has forced the meme coin’s price down to $0.73.

Currently priced at $0.73, POPCAT has plummeted approximately 64% from its peak of $2.05 – a level it reached previously. Inspecting the daily chart, it appears that the token may be nearing an oversold territory. This is suggested by the Relative Strength Index (RSI), a metric used to measure momentum, which has dipped to 32.20.

In simpler terms, when the Relative Strength Index (RSI) of a cryptocurrency exceeds 70.00 or falls below 30.00, it suggests the currency is overbought or oversold respectively. At present, it seems like the Solana meme coin might be nearing the end of its price correction as its RSI indicates oversold conditions.

If verified, the value of the coin may jump towards around $1.28, provided there’s continued buying interest. Over the next year, the meme coin’s worth could potentially rise higher as long as demand persists. However, if the overall market experiences a bear trend, this upward trajectory might not hold true.

Aerodrome Finance (AERO)

2024 saw AERO, the governing token for the Aerodrome Finance platform – a Decentralized Exchange (DEX) and Automated Market Maker (AMM) system – rank among the highest performing digital currencies.

On the foundation of the Base network, AERO has seen a surge in popularity thanks to the broad implementation of Coinbase’s Layer-2 technology.

Furthermore, the token’s growth was fueled by a significant event—the addition of AERO on Binance‘s perpetual market. This addition noticeably enhanced both liquidity and access, leading to an astounding 1,981% yearly price surge.

At the moment, AERO is trading at $1.47, and its daily graph indicates substantial backing near $1.05. However, it’s worth noting that the Moving Average Convergence Divergence (MACD) has moved into the negative zone.

This downward trend suggests a bearish trend for the token. If this bearish trend continues, AERO’s price could drop to approximately $1.07 in the near future. Failing to maintain the $1.05 support level might exacerbate the situation, potentially causing the price to fall further to around $0.89.

Conversely, should bulls successfully protect the support at $1.05, there’s a possibility that the trend could shift and the altcoin may potentially surge towards $3.

AIOZ Network (AIOZ)

2024 finds AIOZ ranked fifth among the year’s most successful digital currencies, with a remarkable 624.40% price surge from the start of the year. This significant rise in value might be attributed to the project’s strong foundations in Artificial Intelligence (AI) and Decentralized Physical Infrastructure Network (DePIN).

In 2024, AI and DePIN continued to make significant strides, establishing themselves as key stories of the year. Consequently, the integration of these two sectors played a pivotal role in boosting AIOZ’s price, reaching a peak of $1.20 over the course of the year.

Although AIOZ has been among the leading cryptocurrencies this year, a closer look at its daily chart reveals that it has dipped beneath the 20-day Exponential Moving Average (represented by the blue line) and is about to fall below the 50-day EMA (yellow line).

As an analyst, I’m observing that if the altcoin’s price dips below its 50 Exponential Moving Average (EMA), it could potentially trigger an extended correction, pushing AIOZ towards the $0.58 mark. Conversely, should the altcoin surge above these technical indicators, this analysis might be called into question, and the price could instead rally towards the $2 level.

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2024-12-24 08:17