These Are the 5 Top Performing Coins of 2024 | Airdrop Alert Pro

As 2024 approaches its final stretch, the cryptocurrency market witnesses outperformance volatility and achieved remarkable results. These top-performing coins have achieved this status due to strategic developments, adoption milestones, and soaring buying pressure, driving significant price increases.

In this analysis, BeInCrypto reveals the top five cryptocurrencies of 2024 and reveals the factors driving their success. The article also examines whether these assets can maintain their momentum and make similar progress in 2025.

Mantra(OM)

OM is the native token of the layer 1 blockchain MANTRA and is at the top of the top performing altcoins in 2024. This year, The price of MANTRA has increased. An increase of 9,445%. This significant price increase may be related to the growing demand for tokens related to the real-world asset (RWA) narrative, which MANTRA falls into.

For many people, RWA has potential Unleash wealth for global investors. Therefore, MANTRA entered into several collaborations, which increased the demand for OM. At the beginning of the year, the price of OM was around $0.040.

However, it climbed to an all-time high of $4.60 on December 11. Currently, OM is down 22.25% from that peak, trading at $3.58. On the daily chart, OM hits a new all-time high almost every time it breaks out of the descending triangle.

As shown above, this happened in June. Something similar happened between November and December. As the coin forms a similar trend, it has the potential to surge higher again. If this happens, the price could surge to $5.50 within the first few weeks of 2025.

However, this may not happen if demand for RWA tokens declines. Instead, its value may shrink to below $2.50.

MoG (MOG)

Second on the list of best performing coins in 2024 is Mog Coin. MOG is an Ethereum-based meme coin that has seen its price rise by 5,337% this year. For context, the Ethereum blockchain hasn’t seen many breakout meme coins this year.

But for MOG, it stands out and achieves all time high On December 6, the coin was trading at $0.0000040. At press time, the coin was trading at $0.0000022, having recently dropped 47.70% from that peak.

From a technical perspective, the daily chart shows that the Momentum Oscillator (AO) has fallen into negative territory. AO uses recent and historical price movements to measure momentum.

When the reading is positive, momentum is bullish. But since it is negative, momentum Bearish surrounding MOG. If it continues, the memecoin’s value could drop to $0.0000016. However, this forecast may become invalid in the short term if buying pressure increases.

POPCAT

Another meme token on the list of best performing coins of 2024 is POPCAT. As the name suggests, POPCAT is a cat-themed meme coin. But unlike MOG, it is built on Solana.

This year, POPCAT has increased in value by 3,169%. However, there was more to it than that initially, especially in the second quarter of this year.

However, significant selling forced the Meme coin’s price to fall to $0.73.

Price: $0.73. POPCAT fell 64% Starting from an all-time high of $2.05. On the daily chart, the coin appears to be approaching oversold territory. This is because the Relative Strength Index (relative strength index), a measure of momentum, has fallen to 32.20.

For context, a cryptocurrency is overbought when the RSI reaches 70.00 or above. When the price falls below 30.00, it is oversold. Therefore, it seems Solana Meme Coin Its correction is nearing completion.

If confirmed, the coin’s value could rebound to $1.28 whenever buying pressure comes. Meme tokens could be worth even more in the coming year if demand continues to surge. However, this may not be the case if the broader market falls into a bear market cycle.

Airport Finance (AERO)

AERO, the governance token of Aerodrome Finance, automated market makers (AMMs), and decentralized exchanges (DEXs), has emerged as one of the best-performing cryptocurrencies in 2024.

Built on basic network, AERO is gaining huge attention Due to the widespread adoption of Coinbase Layer-2 solutions.

Furthermore, the key development of Binance listing AERO on its permanent market also amplified the token’s rise. The listing significantly improved liquidity and accessibility, resulting in a staggering annual price increase of 1,981%.

Currently, AERO is trading at $1.47, with the daily chart showing significant support near $1.05. Nonetheless, the Moving Average Convergence Divergence (MACD) has dropped into negative territory.

This drop indicates the bearish momentum surrounding the coin. If momentum remains bearish, AERO’s price could drop to $1.07 in the near term. If it fails to hold the $1.05 support, things could get worse as the price could slip to $0.89.

On the other hand, if the bulls hold the support at $1.05, the trend may change. In this regard, the altcoin may rise to $3.

AIOZ Network (AIOZ)

AIOZ ranks fifth on the list of best-performing coins in 2024. Year to date (YTD), the price of AIOZ has increased by 624.40%. This price increase may be related to the project’s rationale surrounding artificial intelligence (AI) and decentralized physical infrastructure networks (DePIN).

artificial intelligence and De PIN has become one of the solid narratives of 2024. Therefore, the combination of these two departments ensures AIOZ Price Climbs to a yearly high of $1.20.

Despite being one of the best-performing cryptocurrencies this year, the daily chart shows that AIOZ has fallen below the 20-period exponential moving average (EMA) (blue) and is on the verge of falling below the 50 EMA (yellow).

If the altcoin’s price falls below the 50 EMA, then AIOZ may face a further correction to $0.58. On the other hand, if the price rises beyond these indicators, this argument may fail and the price may rise to $2.