Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
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.

EN @happycoinnews
EN @happycoinnews_en
1

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Trump administration walks back tariff ‘exemption’ on electronics

Trump says he’s “flexible” on electronic tariffs, and that more developments are “coming up”

Blockworks2025/04/14 23:45

Charles Hoskinson Weighs in: Is Bitcoin Surging to $250K?

Unpacking Charles Hoskinson's Bold Bitcoin Prediction in Light of Current Market Trends

Coineagle2025/04/14 23:44
Charles Hoskinson Weighs in: Is Bitcoin Surging to $250K?

Market Insights: Short-Term Recovery Signals for BONK, ALCH, and Bitcoin

In Brief Analyst Pseudonym identifies recovery signals in BONK, ALCH, and Bitcoin. Short-term trading strategies recommended for cautious positions. Increasing interest in meme tokens amid market volatility.

Cointurk2025/04/14 22:00
Market Insights: Short-Term Recovery Signals for BONK, ALCH, and Bitcoin

Ethereum Price Fluctuations Ignite Technical Analysis and Strategic Forecasts

In Brief Ethereum's price fluctuations shift focus to technical indicators among market players. Analysts signal potential recovery and long-term growth opportunities for Ethereum. Competition from networks like Solana raises challenges for Ethereum's market position.

Cointurk2025/04/14 22:00
Ethereum Price Fluctuations Ignite Technical Analysis and Strategic Forecasts