Key Points
- Forbes reveals 10 best-performing cryptos in 2024 with market caps over $1 billion.
- The publication lists coins outperforming Bitcoin in H1 2024.
In a new article, Forbes reveals meme coins that managed to outperform the price of Bitcoin in the first half of 2024, along with digital assets that don’t fall under the meme coin market.
According to their notes, H1 2024 will be remembered in the crypto industry mostly due to the rollout of Bitcoin ETFs. However, there are also some digital assets that are highlighted by the publication due to their performance this year.
In the first six months of 2024, the market value of all cryptos surged by $661 billion, according to Forbes’ notes citing data from CoinGecko. Of these, Bitcoin accounted for about $409 billion.
Bitcoin’s 48% rise mentioned by Forbes is credited mostly to institutional investors who bought the digital asset.
In their article, Forbes listed the top 10 digital assets with a market cap of over $1 billion.
Top 10 Best-Performing Cryptos in 2024
Here is the list of the top 10 coins with a market cap of over $1 billion that are the best performers of 2024 so far, according to Forbes data:
- Dogwifhat (WIF): Up 1,306%, with a market cap of $2.1 billion.
- Pepe (PEPE): Up by 815%, with a market cap of $5 billion.
- Artificial Superintelligence Alliance (FET): Up by 545%, wth a market cap of $3.6 billion.
- Floki (FLOKI): Up by 392% with a market cap of $1.6 billion.
- JasmyCoin (JASMY): Up by 343%, with a market cap of $1.4 billion.
- Arweave (AR): Up by 188%, with a market cap of $1.8 billion.
- Core (CORE): Up by 152%, with a market cap of $1.2 billion.
- Toncoin (TON): Up by 135%, with a market cap of $18.8 billion.
- Bitget (BGB): Up by 100%, with a market cap of $1.6 billion.
- Bonk (BONK): Up by 90%, with a market cap of $1.5 billion.
Tokens Outperforming Bitcoin in 2024
Besides the meme coins in the list above, WIF, PEPE, and FLOKI, Forbes also listed Shiba Inu (SHIB) as another coin that saw 67% gains this year.
Dogecoin (DOGE) also saw a price rise of about 35% in 2024.
Other coins that don’t fall under the meme coin category also recorded significant gains, managing to surpass Bitcoin’s rallies. These included the following:
- Ethereum (ETH): Up by 51% this year, ahead of the ETH ETFs’ approval
- Binance Coin (BNB): Up by 81% in 2024
Additional Details – Meme Coins, Bitcoin, and the General Crypto Market
Forbes continued the article by revealing important details about meme coins, stating that there are cryptos tied to viral Internet jokes. Their price sees increased volatility compared to other tokens in the crypto markets.
They also mentioned the fact that Bitcoin and the broader crypto market saw increased popularity and surged in value as well, especially since 2020, during the COVID-19 pandemic. Bitcoin’s price moved from a March 2020 low of around $4,100 to a November 2021 peak of almost $69,000.
According to Forbes, the crypto industry saw the 2022 “brutal crypto winter” that was marked by important bankruptcies in the crypto industry such as FTX, causing BTC to fall below $16,000 in late 2022.
The publication continued by detailing how the crypto market rebounded as the general conditions improved and investors grew executed at the prospect of Bitcoin ETFs which saw their launch at the beginning of 2024.
Citing data from Bernstein analysts, Forbes noted that these crypto products brought in $15 billion of new capital in their first five months of existence.
Bitcoin saw a new ATH back in March 2024, reaching prices of almost $74,000.
Forbes ended their piece by noting that despite the rise in price for other digital assets, Bitcoin hit its most dominant level since H1 2021 in 2024.
Now, BTC accounts for more than 55% of the global crypto market’s aggregate market value, up from 40% at the end of 2022.
At the moment of writing this article, Bitcoin is trading over $62,000 following a sluggish period which saw prices below $60,000. Predictions for the coin also remain optimistic despite the general market volatility and political tension in the US ahead of the US elections.
