- 42 cryptocurrencies outperformed Bitcoin’s Year-to-Date ROI in 2024.
- Meme coins dominate the top 10 performers, with many listed on Binance.
- Binance listing was instrumental in the rise of several coins; tokens like WIF saw a 234% gain after being listed.
A total of 42 cryptocurrencies have outperformed Bitcoin so far this year, with meme coins leading the charge. Data from Lookonchain reveals that 25 of these top performers are listed on Binance, and eight of the top ten are meme tokens.
Meme Coins Dominate 2024 Crypto Gains
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) return on investment (ROI).
Other meme coins, such as MOG and NPC, also saw major growth, with 2,206% and 1,163% YTD ROI, respectively.
Notably, 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.
Binance’s Impact on Crypto Growth
Of the 42 coins that outperformed Bitcoin this year, 25 are listed on Binance. The exchange has helped several coins take off, with tokens like WIF gaining 234% after being listed in 2024.
Even tokens listed on Binance last year, such as ARKM (+1,038%) and PENDLE (+752%), experienced significant growth this year.
Based on this record, Lookonchain argued that Binance’s listing strategy appears to focus on high-growth potential coins, especially meme tokens and small-cap altcoins.
Small-Cap and Exchange Tokens Stand Out
Among the unlisted coins, Lookonchain found four exchange tokens like MX and LEO, along with ten small-cap, low-volume assets.
Even with less market exposure, some of these coins still managed to beat Bitcoin. Coins like PEPECOIN and AIOZ, categorized as AI or small-cap tokens, saw modest growth in 2024 but remain unlisted on major exchanges.
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