Bitcoin is trading at a weekly low of $65,487.44 after falling 6%. Bitcoin previously set a new record by rising to an all-time high of $73,750.07, but is now on a downtrend after showing an uptrend this month. Since the beginning of 2024, the price of Bitcoin is up 54%, but some altcoins are doing even better.
Let’s talk about the top 5 cryptocurrencies in this blog that have done better than Bitcoin.
Top Altcoins That Outperformed in 2024
The site lists the top 5 altcoins that have outpaced Bitcoin in terms of price increase, even though hundreds of other cryptocurrencies have showed much greater returns this year. Shiba Inu, BNB, Dogecoin, Solana, and Bitcoin Cash are among the top altcoins on this list.
Dogecoin
Dogecoin is one of the best performing meme coins throughout its career and is the most popular meme coin among its inventors. When the year started, Dogecoin was trading around $0.09 and is currently at $0.1639, marking a 107% price increase in just three months.
While Dogecoin is well below its all-time high, memecoin has seen significant gains in recent months. Speaking of which, the company’s market capitalization is $23.99 billion, ranking it 9th in the ranking.
Solana
Solana peaked in March, hitting a high of $201.46. Prices have increased more than 65% in the past few months, averaging $134.88. Solana started the year at $102 and is now $154.94.
Solana is ranked 5th on CoinmarketCap with a market capitalization of $69,455,808,619 and a trading volume of $6,234,282,175.
BNB
BNB has risen over 90% in the past few months, making it one of the most profitable altcoins right now. BNB price started at $312.14, average stayed at $473.97 and is currently trading at $574.24. During this time, BNB rose to its mid-March high of $631.95.
This was BNB’s best performance in the past two years. It has a market capitalization of $86,599,949,669 and is ranked 4th on CoinmarketCap.
Bitcoin Cash
Bitcoin Cash is up over 100% in the past three months. BCH started this year with a price of $263.39 and is now trading at $553.43 after a 125% increase. Previously, BCH rose to a high of $699.58. The average over the past three months was $379.12.
Bitcoin Cash ranks 13th based on market capitalization with trading volume of $969,546,730 and $11,155,398,560.
Shiba Inu
The Shiba Inu is up over 144% in the past 3 months. On January 1st, the Shiba Inu price was around $0.0000104, and today’s price is around $0.0000236. During this period, SHIB maintained an average value of $0.0000190 and rose to a high of $0.0000408 in early March.
Ranked 12th in terms of market capitalization, he has now increased to $13.93 billion. Moreover, the trading volume is $1.1 billion.
Conclusion
Bitcoin has dominated the market for many years and has always controlled the market. In any case, some altcoins have performed admirably this year, outperforming Bitcoin. It remains to be seen whether these altcoins will be able to perform the same after Bitcoin’s halving, or if Bitcoin will overtake the rest.
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