Rally

Solana

AIOZ Network

Gains

<p>The 2024 cryptocurrency market witnessed an explosive rally, spurred by Donald Trump’s victory in the Presidential Election.</p>
<p>Data suggest that interest in Layer 1 blockchain solutions has soared, as these platforms provide the foundation for dApps and Smart Contracts, intensifying the race for L1 dominance.</p>
<h2 id="unlikely-cryptos-take-center-stage">Unlikely Cryptos Take Center Stage</h2>
<p>According to the latest <a href="https://www.coingecko.com/research/publications/layer-1-blockchains-price-returns" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">report</a> by CoinGecko, Mantra (OM) has achieved a staggering 7,035.2% increase. This surge is partly driven by its partnership with Zand, a UAE-based digital bank enabling compliant tokenization of real-world assets (RWAs) under Dubai’s VARA framework.</p>
<p>Additionally, AIOZ Network (AIOZ) posted an impressive 427.6% YTD gain, fueled by the growing adoption of its decentralized content delivery network and ongoing ecosystem advancements. Sui (SUI) too secured its place among the top gainers with a 388.2% YTD rise, owing to the dApp launches that maximize its scalability, and developer-friendly tools.</p>
<blockquote>
 <p>“Coming out of the trenches, 2024 has been a thrilling year for Layer 1 (L1) blockchains, with tokens skyrocketing by over 7,000% since January. In the fast-moving crypto space, a few unexpected tokens are redeeming the top performer spot this year.”</p>
</blockquote>
<h2 id="bitcoin-ethereum-the-ogs-remain-strong">Bitcoin, Ethereum: The OGs Remain Strong</h2>
<p>While mid- and small-cap Layer 1 tokens have experienced explosive growth, major players like Bitcoin, Ethereum, and Solana have proven to be resilient investments. <a href="https://cryptopotato.com/bitcoin-btc-pushes-above-95k-again-ethereum-eth-taps-6-month-high-market-watch/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Bitcoin</a> demonstrated a solid 112.9% Year-to-Date (YTD) increase, while Ethereum gained 34.9%, though it lagged behind its smaller counterparts.</p>
<p>Over the years, <a href="https://cryptopotato.com/ethereum-funding-rates-signal-bullish-momentum-new-eth-high-soon-cryptoquant/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Ethereum’s</a> dominance has slowly diminished with the rise of Layer 2 solutions and other competing blockchains, despite the introduction of the Ethereum Spot ETF in the US. Even so, ETH still managed to outperform the S&amp;P 500, which saw a 24.8% increase in 2024.</p>
<p>Meanwhile, Solana <a href="https://cryptopotato.com/genslers-departure-turns-altcoins-on-fire-solana-hits-ath-xrp-up-25/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">rebounded</a> strongly from the impact of FTX’s 2022 collapse, rising 134.3% YTD. Most of its growth came in 2023, driven by memecoin excitement, as its price surged from $15 to $120. This trend was also reflected in networks like Tron (TRX), which rose 85.5% YTD. Toncoin (TON), capitalizing on its integration with Telegram to host dApps, saw an impressive 136.2% YTD increase, particularly as tap-to-earn games gained immense popularity within the app.</p>
<p>The post <a href="https://cryptopotato.com/underdog-cryptos-shock-the-market-with-massive-gains-in-2024s-explosive-rally/" rel="noopener noreferrer nofollow">Underdog Cryptos Shock the Market with Massive Gains in 2024’s Explosive Rally</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.</p>

Underdog Cryptos Shock the Market with Massive Gains in 2024’s Explosive Rally

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