In 2024, a total of 42 cryptocurrencies have outperformed Bitcoin's return on investment (ROI), with meme coins leading the charge. Data from Lookonchain reveals that 25 of these top performers are listed on Binance.
Meme Coins Lead Cryptocurrency Returns
Since January 2024, meme coins emerged as the standout performers in the crypto market. POPCAT takes the top spot with an amazing 7,552% year-to-date (YTD) ROI. Other meme coins, such as MOG and NPC, also saw major growth, with 2,206% and 1,163% YTD ROI, respectively.
Impact of Binance Listings
Binance played a crucial role in boosting these meme tokens’ visibility and trade volumes, given its status as the largest cryptocurrency exchange. In particular, four of the top-performing meme coins were listed on Binance, allowing more market participants to benefit from their sharp price increases.
Record Returns of Meme Tokens
Meme coins have become the true leaders in 2024, offering investors significant returns. POPCAT leads with an ROI of 7,552%, followed by MOG and NPC with 2,206% and 1,163%, respectively.
The year 2024 has been successful for many cryptocurrencies, especially meme tokens. Their ROI significantly surpassed Bitcoin's performance, with Binance listings playing a major role in their success.
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