Popcat, Mantra, and Mog Coin Among 42 Cryptocurrencies Outperforming Bitcoin in 2024
Bitcoin, the worldβs largest and top digital asset, continues to attract substantial institutional interest. However, an analysis reveals that Bitcoin lags behind 42 altcoins in terms of year-to-date returns in 2024.
Top Performing Cryptocurrencies
Popcat, Mantra, and Mog Coin are among the cryptocurrencies that have posted significant gains compared to Bitcoin as of September 2024. For instance, Popcat (POPCAT) has surged 7550% year-to-date, driven by Binance’s announcement of trading support in August.
Mantra (OM), anticipating its mainnet launch in October, has seen its token soar by 1550% YTD. This altcoin, listed on Binance, has recorded a major price uptick. Other notable performers include Mog Coin (MOG) with a 2200% increase and MAGA with a 1129% rise. In comparison, Bitcoin (BTC) has seen a growth of over 43% during the same period.
Meme Coins and Exchange Tokens Leading the Charge
Bitcoin’s remarkable rise in 2024, influenced by spot exchange-traded fund (ETF) approval and halving sentiment, saw it reach an all-time high above $73,000. However, several other tokens have outpaced Bitcoin, particularly meme coins, exchange tokens, and various small-cap cryptocurrencies.
Among the top 10 gainers compared to BTC year-to-date, eight are meme coins. Binance lists four of these top performers. For example, Dogwifhat (WIF), a meme coin listed on Binance in 2024, has seen a 976% increase YTD, with more than 230% growth since Binance added trading support in March.
Other notable gainers include ARKM, PENDLE, FLOKI, and PEPE, which were listed on Binance in 2023 and experienced substantial momentum in 2024. According to the analysis, exchange listings have significantly boosted these tokens.
Bitcoin to reach $13 million in 21 years, predicts Michael Saylor.
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