5 Top Altcoins Outperforming Bitcoin This Year

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Bitcoin currently is priced at its weekly low of $65,487.44 following a 6% decrease. Previously, Bitcoin reached an all-time high of $73,750.07, surpassing previous records. However, due to recent market fluctuations, Bitcoin is now displaying bearish trends after exhibiting bullish behavior for the past month. Since the beginning of 2024, Bitcoin’s price has increased by 54%. Some altcoins have even experienced greater growth during this period.

In this post, we’ll explore and talk about the five alternative coins that have surpassed Bitcoin in terms of success.

Top Altcoins With Splendid Performance In 2024

Over 500 alternative cryptocurrencies (altcoins) have generated higher returns this year. However, this article will limit the discussion to the five altcoins that have surpassed Bitcoin’s price increase. These top-performing altcoins are Dogecoin, Solana, Binance Coin (BNB), Shiba Inu, and Bitcoin Cash.

Dogecoin

Throughout its existence, Dogecoin has stood out as one of the top meme coins and is favored by many creators. At the beginning of this year, Dogecoin’s value was approximately $0.09. However, the current price now stands at $0.1639, representing a substantial increase of over 100% within a three-month timeframe.

Despite Dogecoin being significantly below its record-high price, the meme currency has experienced notable growth over the past several months. To add to that, its current market capitalization amounts to $23.99 billion, ranking it as the ninth largest cryptocurrency by market cap.

Solana

In March, Solana reached its all-time high of $201.46. Over the past few months, its price has risen by over 65%, with an average value of $134.88. The cryptocurrency began the year at $102, and currently, it’s priced at $154.94.

On CoinmarketCap, Solana holds the 5th position, boasting a market capitalization of over sixty-nine billion dollars ($69.455 billion), accompanied by a substantial trading volume of nearly six billion dollars ($6.234 billion).

BNB.

Over the past few months, Binance Coin (BNB) has experienced significant growth, increasing by over 90%. This puts it among the most lucrative altcoins currently available on the market. Initially priced at $312.14, BNB is now being traded at around $574.24, with an average value of approximately $473.97. The highest point during this period was in mid-March when BNB reached a peak price of $631.95.

Over the past two years, BNB has delivered its finest showing, reaching a market value of over $86.6 billion according to CoinmarketCap, making it the fourth largest cryptocurrency by market cap.

Bitcoin Cash

Bitcoin Cash experienced a significant gain of over 125% in the past three months. The coin began the year priced at $263.39, but has since risen to a current value of $553.43. A peak price of $699.58 was reached during this period, while the average value over these three months was around $379.12.

Bitcoin Cash holds the 13th position in terms of market value, currently evaluated at over eleven billion dollars ($11,155,398,560). Its trading volume amounts to nearly a billion dollars ($969,546,730) daily.

Shiba Inu

Over the past three months, Shiba Inu’s price has jumped by over 144%, from approximately $0.0000104 on January 1st to around $0.0000236 today. The cryptocurrency’s average value during this period was about $0.0000190, and it peaked at an impressive high of around $0.0000408 at the beginning of March.

With a market capitalization of $13.93 billion, it currently ranks 12th. Additionally, there was a significant trading volume of approximately $1.1 billion today.

Conclusion

Bitcoin has held a strong grip on the market for an extended period. Surprisingly, some alternative coins have outperformed Bitcoin in 2021. It remains to be seen whether these altcoins can maintain their success after Bitcoin undergoes its halving event or if Bitcoin will regain its lead.

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2024-04-15 11:40