Top-performing Altcoins and Meme Coins Outpace Bitcoin in 2024 Crypto Market Surge
In 2024, Bitcoin broke records by surpassing $100,000 for the first time, but it was outperformed by several altcoins and meme coins. Pepe, a token named after a far-right meme frog, was the top performer among coins with market capitalizations over $5 billion. Despite being outpaced by these coins, Bitcoin still added about $1.2 trillion to its market capitalization this year. The cryptocurrency market's aggregate market value surged from just below $1.8 trillion to $3.6 trillion as of Dec. 18, 2024, with about $1.8 trillion added to its value. Trump was backed by several billionaires with ties to the cryptocurrency industry, including Gemini cofounders Tyler Winklevoss and Cameron Winklevoss and Ripple's Larsen.
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