Top 3 Altcoins That Are Surpassing Bitcoin’s 2024 Gains

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Cryptodnes2024/12/05 14:11

By:Cryptodnes

Bitcoin has dominated the cryptocurrency market this year, thanks to the launch of spot Bitcoin ETFs in January, pushing its price to nearly $100,000 with a 125% increase in 2024.

However, other cryptocurrencies, including XRP, Dogecoin, and Sui, have also been performing strongly, with some even surpassing Bitcoin’s gains.

XRP

XRP has risen 440% in the last 30 days, nearing $3 after being priced at $0.50 just a month ago. This jump is driven by optimism around the Trump administration and the potential for XRP to gain regulatory clarity. The possibility of an XRP spot ETF in 2025 also adds to investor excitement.

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Dogecoin

Once just a meme coin, Dogecoin has surged 180% in the past month and 366% this year, fueled by Elon Musk’s support and political buzz around a proposed Department of Government Efficiency. Despite the hype, Dogecoin remains a speculative investment.

Sui

Sui, a fast Layer 1 blockchain, has gained 371% this year, surpassing Solana in transaction speed. Its potential for growth is strong, with a planned gaming console set for 2025, aiming for mainstream adoption through easy-to-use blockchain gaming.

Investment Outlook

Sui is a solid long-term buy due to its innovative potential. XRP and Dogecoin, while seeing impressive short-term gains, are more speculative. As with all altcoins, risk is high, and the market could shift dramatically in 2025.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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