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Nairaland Forum / Nairaland / General / Investment / BGB And Meme Coins Outperformed Bitcoin In 2024 First Half’s $600 Billion Crypto (60 Views)
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BGB And Meme Coins Outperformed Bitcoin In 2024 First Half’s $600 Billion Crypto by Bash4j(m): 12:36pm On Jul 15 |
The first half of 2024 saw the debut of spot bitcoin exchange-traded funds (ETFs). - However, several lesser known cryptocurrencies such as BGB (annual increase of 100%, market value of US$1.6 billion); BONK (annual increase of 90%, market value of US$1.5 billion). WIF (annual increase of 1,306%, market value of US$2.1 billion); PEPE (annual increase of 815%, market value of US$5 billion) also gained significant attention during this period. The overall market value of all cryptocurrencies rose by $661 billion in the first six months of 2024. Bitget (BGB), the native token of the Bitget cryptocurrency exchange, was among the top 10 best-performing cryptocurrencies with a market capitalization over $1 billion in the first half of 2024. The token saw a 100% increase in its price during this period. While Bitget is not considered a "meme coin" like some of the other top-performing tokens on the list, its significant price appreciation suggests growing investor interest and adoption of the Bitget exchange and its associated cryptocurrency. As one of the world's largest crypto exchanges, Bitget's performance reflects the broader bullish sentiment in the crypto market over the first six months of 2024.
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