The cryptocurrency market is growing more and more. Today, cryptocurrencies are recognized as investments, even being part of ETFs and other financial products. Bitcoin remains the major highlight among digital currencies.
Let’s discover which cryptocurrencies are experiencing the greatest growth in 2024. Is the cryptocurrency market heating up? Check it out below:
Ethereum (ETH)
Along with Bitcoin, Ethereum (ETH) is one of the most well-known cryptocurrencies in the market. In 2024, the cryptocurrency saw an appreciation of 13.67%.
Despite reaching an appreciation of 77% in March, Ethereum experienced a slight depreciation in the following months, but still maintains strong results for the year.
Being a cryptocurrency utilityEthereum is widely used to create smart contracts and develop decentralized applications.
Bitcoin (BTC)
Bitcoin (BTC) is the leading and pioneering cryptocurrency in the market, created in 2008. In 2024, it saw an appreciation of almost 60%.
In July, Bitcoin reached a peak appreciation of 81%, reaffirming its position as the leading digital currency.
Binance Coin (BNB)
Developed by the Binance exchange, Binance Coin (BNB) saw gains of up to 107.98% in 2024. Created for use within the exchange platform, BNB has established itself as one of the most valuable cryptocurrencies of the year.
Toncoin (TON)
Toncoin (TON), the cryptocurrency created by Telegram, saw gains of over 140% in 2024. It is used as a payment method on the platform.
In June, Toncoin reached an appreciation of 240%, demonstrating the cryptocurrency's potential in the market.
Arweave (AR)
Arweave (AR) saw an appreciation of 126% in 2024. Created by the decentralized storage platform Arweave, the cryptocurrency stands out for its incentive model based on blockchain technology.
This innovation puts Arweave in the spotlight as a competitor to major companies like Google, Microsoft, and Amazon in the data storage sector.
Near Protocol (NEAR)
The cryptocurrency Near Protocol (NEAR) registered gains of 24% in 2024. Developed to power the Near protocol’s blockchain, it is also a utility cryptocurrency, enabling the creation of smart contracts.
In March, Near Protocol reached an appreciation of 140%, but lost momentum in the following months.
AIOZ Network (AIOZ)
With an impressive appreciation of 204.97% in 2024, AIOZ Network (AIOZ) stands out as a cryptocurrency focused on video streaming.
At the beginning of the year, AIOZ registered gains of over 550%, solidifying its potential in the market.
Solana (SOL)
Solana (SOL) reached gains of 45.44% in 2024. Known for its speed and low transaction costs, Solana also saw an appreciation of 82% in March, before losing some of its gains throughout the year.
Volatility of the Cryptocurrency Market
The cryptocurrencies with the highest growth in 2024 showed significant volatility. Despite this, many managed to retain a good portion of their gains.
It's important to remember that the cryptocurrency market is highly volatile and unpredictable. Past appreciation is not a guarantee of future performance, and sudden losses can also occur.
