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L1 tokens have soared 7000% since the beginning of the year, with Mantra leading the growth

L1 tokens have soared 7000% since the beginning of the year, with Mantra leading the growth

HappyCoinNewsHappyCoinNews2024/12/01 20:11
By:HappyCoinNews

According to a report by CoinGecko, tokens used in first-layer (L2024) blockchains have seen significant price growth in 1. Some assets have seen gains of up to 7000%.

This year, analysts highlight Mantra (OM), AIOZ Network (AIOZ), and Sui Network (SUI) as the best-performing L1 tokens. The main factor behind the price jump is considered to be Donald Trump's victory in the US presidential election.

The most successful L1 cryptocurrency was Mantra (OM), as it has grown by a record 7035,2% since the beginning of this year. CoinGecko experts attribute this growth to Mantra’s partnership with the UAE digital bank Zand, which allows for the tokenization of real assets (RWAs) in accordance with the requirements of the Dubai Virtual Assets Regulatory Authority (VARA).

On the evening of November 30, the asset was trading at $3,44, while OM fell by 4,21% over the course of the day. However, the relative strength index (RSI) was 63,88, which means that the cryptocurrency still has potential for further growth.

L1 tokens have soared 7000% since the beginning of the year, with Mantra leading the growth image 0

L1 Mantra token price chart

AIOZ Network (AIOZ) is also among the leaders, having risen 427,6% year-to-date, thanks to the growing adoption of its decentralized content delivery network and the continued improvement of its ecosystem. Over the past week, AIOZ has jumped another 72,39% to $0,8008.

Sui Network (SUI) has gained 388,2% since the start of the year. Its rally token owes its success to innovative decentralized applications focused on scalability and developer-friendly features. SUI has gained another 66,92% in the last week and is trading at $3,46.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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