FINANCE
Unexpected Winners in 2024: The Surprise Crypto Boom
<worldwide>Sun Dec 29 2024
Believe it or not, 2024 was the year of the underdogs in the crypto world. While Bitcoin hit a stunning $100, 000, it wasn't the leader of the pack. A meme coin inspired by a frog, Pepe, exploded in value by a whopping 1, 500%. Coins like SUI and Dogecoin also jumped ahead, leaving Bitcoin in the dust. Even XRP, the coin used by Ripple, grew by an impressive 304%. Other stars included Hedera, Stellar, Toncoin, TRON, and Shiba Inu. Altogether, the crypto market expanded by $1. 8 trillion.
But wait, there's more! Meme coins are notorious for their wild rides. One tweet from a famous figure can send their prices soaring. Take, for instance, the cryptocurrency surge when Trump won the election. Bitcoin and Ethereum hit new heights, showing just how much politics can influence the crypto world.
The year kicked off with a bang. The much-awaited approval of Bitcoin ETFs poured in $15 billion into the market. Talk about starting strong!
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questions
How sustainable are the gains seen in altcoins and meme coins, and what factors could lead to a future downturn?
Could the surge in cryptocurrencies be part of a larger plan to destabilize traditional financial systems?
Why might there be a correlation between political events and the dramatic fluctuations in the cryptocurrency market?
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