As 2024 inches towards the finish line, the Cryptocurrency market has seen its leaders emerge, disrupting volatility and delivering significant returns. These coins gained ground on the back of strategic developments, adoption milestones, and strong buying pressure, driving notable price increases.
In this analysis, TinTucBitcoin reveals the top five cryptocurrencies of 2024 and reveals the factors driving their success. The article also examines whether these assets can maintain momentum and make similar progress in 2025.
MANTRA (OM)
OM, the core token of the layer-1 blockchain MANTRA, is at the top of the list of high-performing altcoins in 2024. This year, MANTRA price has increased by 9,445%. This huge price increase could be related to increased demand for coins related to the concept of Real Assets (RWA), in which MANTRA is located.
For many, RWA has the potential to unlock wealth for global investors. For this reason, MANTRA has entered into many collaborations, thereby increasing the demand for OM. At the beginning of the year, the OM price was around 0.040 USD.
However, the coin climbed to a historic high of $4.60 on December 11. Currently, OM is down 22.25% from that peak and is trading at $3.58. On the daily chart, OM hits new highs almost every time it breaks out of the descending triangle.
As seen above, this happens in June. A similar phenomenon also occurs between October 1 and October 2. With the coin forming a similar trend, it is likely to surge again. If that happens, the price could rise to $5.50 in the first few weeks of 2025.
However, if demand for RWA Tokens decreases, this may not happen. Instead, the value could drop below $2.50.
Mog Coin (MOG)
Ranked 2nd on the list of top performing coins in 2024 is Mog Coin. MOG is an Ethereum-based Meme Coin whose price has increased 5,337% this year. By comparison, the Ethereum blockchain hasn’t had many meme coin breakouts this year.
But for MOG, it stood out and hit a record high of 0.0000040 USD on December 6. At the time of writing, the Token is trading at 0.0000022 USD and has recently dropped 47.70% compared to that peak.
From a technical standpoint, the daily chart shows that Awesome Oscillator (AO) has dropped into negative territory. AO uses recent and historical price movements to measure momentum.
When the index reading is positive, momentum is bullish. But because it is negative, the momentum around MOG is bearish. If maintained, the value of Meme Coin could drop to 0.0000016 USD. However, if buying pressure increases, the prediction may be invalidated in the short term.
Popcat (POPCAT)
Another Meme Coin in the list of top performing coins of 2024 is POPCAT. As the name suggests, POPCAT is a cat-themed Meme Coin. But unlike MOG, it is developed on Solana.
This year, POPCAT’s price has increased by 3,169%. However, prices were initially higher due to a particular surge in the second quarter of the year.
However, a significant sell-off forced the price of Meme Coin down to $0.73.
At a price of 0.73 USD, POPCAT is down 64% from its peak of 2.05 USD. On the daily chart, the token appears to be approaching the oversold zone. This is because the Relative Strength Index (RSI), which measures momentum, is falling to 32.20.
For context, a Cryptocurrency becomes overbought when the RSI reaches 70.00 or higher. It is oversold when it slips below 30.00. Therefore, it seems that Meme Coin on Solana is nearing the end of its correction.
If confirmed, the coin’s value could bounce to $1.28 as long as there is buying pressure. Over the next year, the value of Meme Coin could be higher if demand continues to increase. However, if the broader market falls into a bearish cycle, this may not materialize.
Aerodrome Finance (AERO)
AERO, the governance token of Aerodrome Finance, an Automated Market Maker (AMM) and Decentralized Exchange (DEX), has emerged as one of the top performing Cryptocurrencies of 2024.
Building on the Base network, AERO has attracted major attention thanks to the widespread adoption of Coinbase’s Layer-2 solution.
Furthermore, the coin’s rise has been boosted by an important development—Binance has listed AERO on its permanent market. The listing has boosted liquidity and access, contributing to a massive 1,981% price increase this year.
Currently, the price of AERO is $1.47, with the daily chart showing significant support at around $1.05. However, the Moving Average Convergence Divergence (MACD) indicator has dropped into negative territory.
This shows bearish momentum around the Token. If momentum continues to decline, AERO’s price could drop to $1.07 in the short term. Failure to defend the $1.05 support could worsen the situation, as the price could slide to $0.89.
Conversely, if the bulls defend the support at $1.05, the trend could change. In that respect, the altcoin could rise up to $3.
AIOZ Network (AIOZ)
AIOZ ranks 5th on the list of top-performing coins in 2024. Since the beginning of the year, AIOZ’s price has increased by 624.40%. This price increase may be related to the project’s fundamental basis around Artificial Intelligence (AI) and Decentralized Physical Infrastructure Network (DePIN).
Both AI and DePIN hold their position as one of the solid stories of 2024. Therefore, the combination of both sectors has ensured the price of AIOZ climbs to a yearly high of $1.20.
Despite being one of the top performing cryptocurrencies of the year, the daily chart shows that AIOZ has fallen below the blue 20-period Exponential Moving Average (EMA) and nearly slipped below the 50-period EMA (yellow). .
If the altcoin price falls below the 50 EMA, AIOZ could suffer a prolonged correction to $0.58. On the other hand, an increase on these indicators could invalidate this theory, and the price could increase up to 2 USD.