Top 5 Crypto Gainers of 2024 & Should You Hold Them?

As a seasoned cryptocurrency researcher and investor with over a decade of experience in the dynamic world of digital assets, I have witnessed the incredible rise and fall of various coins. The performance of meme coins in 2024 was nothing short of astonishing, particularly when compared to established players like Bitcoin, Ethereum, and Cardano.

Having closely monitored the market trends and analyzed technical indicators throughout the year, I must admit that the top 5 crypto gainers of 2024 have piqued my interest for potential investments in 2025. With a keen eye on Dogecoin‘s impressive 252% surge, XRP‘s steady growth, Tron’s booming ecosystem, Binance Coin’s robust fundamentals, and Bitcoin’s resilience, I am optimistic about their future prospects.

However, it is essential to approach these investments cautiously, keeping in mind the volatile nature of the crypto market. As a researcher who has seen both bull and bear markets, I can tell you that past performance is not always indicative of future results. Nevertheless, if one is willing to take calculated risks, investing in these top 5 gainers could potentially yield significant returns in 2025.

Now, let me share a little joke to lighten the mood: Why did Bitcoin go to therapy? Because it couldn’t handle the pressure of being the king of cryptocurrencies!

In 2024, meme coins outshone heavyweights such as Bitcoin, Ethereum, and Cardano, with many surpassing their achievements. The combined market value of these meme coins soared above $107 billion. Among the top ten coins, Dogecoin emerged as the standout performer. As we move into 2025, let’s delve into whether the five crypto coins that experienced the most growth in 2024 could be worthwhile investments for next year.

Best 5 Crypto Gainers In 2024

2024 saw a remarkable surge for Dogecoin as its price skyrocketed an impressive 252%, making it the top-performing cryptocurrency among the major ones. Hot on its heels was XRP, which increased by 238%, while Tron and Binance Coin both experienced growth of 136% and 125%, respectively. Last but not least, Bitcoin also saw an uptick of 121%.

Dogecoin Price Analysis

2024 saw an exhilarating surge for Dogecoin, with its price peaking at an impressive $0.4836 in December. Lately, though, it seems we’ve hit a bump in the road, as the coin has retreated and found support around $0.30 – just above the 61.8% Fibonacci Retracement point on my weekly chart.

It appears the coin might be shaping up as a ‘bearish flag’ pattern, a trend that typically continues with a drop in value. This pattern suggests an impending bearish breakout, which could potentially lead to another test of the significant support level at $0.2276 – a level often seen as a strong continuation indicator for bears.

As a researcher, if the price of Dogecoin experiences an upturn and manages to reach last year’s peak of $0.4835, it could be indicative of further growth in 2025, potentially even surpassing its all-time high of $0.7597. Such a surge might be instigated by the ongoing speculation surrounding Dogecoin reserves, fueled by Elon Musk’s statements.

XRP Price Prediction

2024 saw XRP among the leading cryptocurrencies with significant gains, primarily in the final quarter. A closer look at the weekly graph reveals an emerging bullish pennant chart structure, often interpreted as a positive sign for bulls. Notably, it has consistently stayed above the 38.2% Fibonacci retracement level and all Moving Averages (MAs).

As an analyst, I find myself closely monitoring the approaching confluence level of the bullish pennant formation. This suggests that Ripple may be poised for further gains in 2025. Potential triggers for this positive momentum could include Gary Gensler’s resignation from his current position, the continued growth of the RLUSD stablecoin, and a potential approval of an XRP Exchange Traded Fund (ETF).

Tron Price Forecast

The price of TRX skyrocketed to an all-time high of $0.4486, due to increased activity within its ecosystem driven by transactions involving meme coins and stablecoins. However, Tron has since retreated and is now at a crucial resistance level around $0.2500. Despite this retreat, it continues to hold above a significant support level at $0.1794, which marks the upper boundary of its cup and handle pattern.

It’s quite possible that the price of Tron could recover and even reach close to its peak from last year. This recovery might amount to approximately 77% from its current value, making it an attractive choice for long-term investment in cryptocurrencies.

BNB Price Analysis

In simple terms, Binance Coin’s technical indicators are among the strongest in the cryptocurrency market. It has maintained its position above the 50 Exponential Moving Average (EMA) and developed a ‘cup and handle’ pattern. The current period of consolidation falls within this pattern’s ‘handle’ section, suggesting that the price of BNB could experience a significant bullish surge soon. This bullish movement might push the coin’s value to reach as high as $1,000 by the end of this year.

Bitcoin Price Forecast

In the year 2024, Bitcoin stood out among other cryptocurrencies by surging a remarkable 121%, outperforming U.S. stock indices. On a weekly scale, it continues to hold above a significant mark at $73,700, which is its highest point since March the previous year and also the upper boundary of the C&H pattern’s handle section.

As a researcher studying cryptocurrencies, I’ve observed an uptrend in Bitcoin since it bottomed out in 2023. This surge is significantly influenced by MicroStrategy’s purchases and inflows into the Bitcoin ETF. Consequently, my prediction for 2025 is that the price of Bitcoin will skyrocket. It’s plausible that it could even reach the psychologically significant figure of $200,000.

2025-01-01 16:10