In 2024, the crypto market experienced significant changes with the rise of Bitcoin, meme coins, and the RWA sector. This article looks into key events, including the US approval of Bitcoin and Ethereum ETFs, and the success of XRP.
Bitcoin Rally and ETF Impact
By the end of 2024, Bitcoin surpassed the $100K milestone, rising above $108K before dipping to $95K. US approval of Bitcoin and Ethereum ETFs sparked a revival across the crypto market.
RWA Sector and Mantra Token Success
The Real-World Asset (RWA) sector showed success with a sharp increase in demand for tokenization. The Mantra (OM) token saw a substantial surge of 8984.65%.
Meme Coins and XRP Growth
The meme coin Dogecoin (DOGE) turned bullish after former president Trump announced the D.O.G.E. Department. XRP also rose as Ripple Labs scored a partial victory against the US Securities and Exchange Commission.
2024 was a significant year for the crypto market, seeing Bitcoin reach new heights, strengthening positions of XRP and meme coins, and the success of the RWA sector.
