2024’s Bullish Surge: Key Crypto Assets Leading the Charge Into the New Year
Today marks the beginning of the final week of 2024—a time for most companies to wrap up the year. December traditionally signifies the end of the year and the close of the fourth quarter. Since November, many businesses have been immersed in routine tasks, preparing reports, compiling financial summaries, and drafting strategic plans for the year ahead. For businesses, this is a tense but critical period that reflects the results of their efforts and shapes prospects for the future.
However, not all year-end results are confined to corporate reporting. In the Web3 industry, remarkable events have unfolded, standing out amidst the usual business routines. Several crypto assets have experienced astounding surges, reminding market participants that a new bull trend might be on the horizon. These movements confirm that the crypto market remains dynamic and generates significant developments, even amid global economic uncertainty.
Today, our Coinmooner team has prepared a unique article for our readers, highlighting three crypto assets that demonstrated impressive growth as 2024 ended. These assets have become true market stars, drawing the attention of analysts and investors alike. Experts in the crypto industry are confident that their potential will unfold even further in 2025, keeping them in the spotlight for market participants.
Let’s dive into the details: we’ll examine these assets, their recent rapid growth, and the factors driving their success. Understanding these trends can offer a fresh perspective on the market and potentially help you make more informed investment decisions.
RIPPLE
The first crypto asset Coinmooner wants to discuss is Ripple and its XRP token. Since the beginning of November 2024, XRP has shown impressive growth, surging by nearly 400%. This cryptocurrency holds the third spot globally by market capitalization, trailing only giants like Bitcoin and Ethereum. However, despite its recent success, XRP has yet to surpass its all-time high of $3.84, recorded on January 4, 2018. When writing, the token is trading 36.37% below that historical peak.
It’s worth noting that XRP is one of the few significant cryptocurrencies that failed to reach new records during the 2021 bull run. The reason is that in December 2020, the U.S. Securities and Exchange Commission (SEC) scrutinized cryptocurrency. The regulator claimed that XRP had characteristics of an illegally issued security, putting significant pressure on the Ripple project.
The SEC’s accusations severely undermined investor confidence in Ripple. Amid the fallout, the company lost the support of some strategic partners, negatively impacting the token’s value. As a result, XRP couldn’t achieve the same performance as many other crypto assets during the market-wide rally.
Despite these challenges, Ripple holds a strong position in the crypto industry. XRP’s achievements in 2024 show that the project has overcome a significant portion of its obstacles, and its prospects remain promising for market participants. However, for Ripple to reclaim its historical peak, the team still has many issues to address.
SOLANA
The following crypto asset Coinmooner would like to highlight is Solana (SOL). At the time of writing, this project ranks 5th among the world’s cryptocurrencies. In November 2024, the token grew by 36.56%, and its current price is $228.82. Solana’s market capitalization stands at $108.72 billion, with a daily trading volume of $5.02 billion, reflecting a 40.47% increase over the past 24 hours. The total circulating supply is 475.15 million SOL, with no cap on the maximum supply.
Solana is a highly functional open-source project built on blockchain technology. It provides solutions in the decentralized finance (DeFi) space, adhering to the principle of permissionless decentralization. The idea for the platform was conceived in 2017, and its official launch took place in March 2020, led by the Solana Foundation, headquartered in Geneva, Switzerland.
The Solanaprotocol focuses on developing decentralized applications (DApps) and improving blockchain scalability. A unique feature of the platform is its hybrid consensus mechanism, which combines Proof-of-History (PoH) with basic Proof-of-Stake (PoS). This innovative architecture has drawn the attention of both private traders and large institutional investors.
One of the Solana Foundation’s key goals is to make decentralized finance more accessible to a broader audience. With its advanced technologies and stable performance, the project continues strengthening its position in cryptocurrency, offering users new opportunities to engage with blockchain technology.
BITCOIN
The final crypto asset Coinmooner wants to highlight is Bitcoin, the first and most influential cryptocurrency in the Web3space. Recently, Bitcoin reached a new all-time high of $95,954.37, showing 37.49% growth in the past month. Its market cap is $1.90 trillion, with a daily trading volume of $45.17 billion (+52.17%). Currently, 19.79 million BTC are circulating out of a maximum supply of 21 million.
Bitcoin was introduced in 2008 by Satoshi Nakamoto, with the network launching in January 2009. It pioneered blockchain technology, enabling peer-to-peer transactions without intermediaries. The first block, the Genesis Block, was mined on January 3, 2009, and Bitcoin’s first transaction occurred in 2010 when 10,000 BTC were used to buy two pizzas—now celebrated as Bitcoin Pizza Day.
Bitcoin remains a benchmark for decentralization, reliability, and transparency. Recent growth is fueled by its halving event, reducing miner rewards to 3.125 BTC per block, creating scarcity. Additionally, political support from figures like U.S. President Donald Trump, who backs Web3technologies, has boosted investor confidence.
As the flagship of the crypto market, Bitcoin continues to drive innovation and inspire both enthusiasts and institutional investors, cementing its role as a symbol of the financial revolution.
The current growth of cryptocurrencies in the Web3 market indicates that a new wave of a bull run is ahead. This process will lead to the launch of many new projects, and the Web3 industry itself will develop and grow rapidly. These changes signal significant achievements for crypto assets and the entire ecosystem, creating new opportunities for investors and developers.
For the cryptocurrency market, this period is a time of significant change. The rising interest in cryptocurrencies and blockchain technology opens new horizons for startups, decentralized apps, and financial solutions. We can expect explosive growth, which will attract new users and strengthen the positions of existing industry leaders. Every step in this direction brings more trust and opportunities for innovation.
The Coinmooner team will closely follow the developments in the crypto market and keep readers informed about significant changes and price jumps in popular crypto assets. We will analyze trends and forecast their impact on the market to help you stay updated and make informed investment decisions.
We must remind you how important using the most advanced and secure methods to protect your finances in the Web3 ecosystem is. With the growing popularity of cryptocurrencies and related technologies, the risk of fraud and cyberattacks also increases. Always use modern ways to protect your data and assets, minimize risks, and keep your investments safe.
Taking care of the security of your crypto assets is not just responsible financial management but also an essential part of success in the Web3 space. By following these principles, you can protect your assets and confidently move toward new heights in the rapidly developing world of digital technologies.
