In an amazing turn of events, out of the hundreds of cryptocurrencies, 42 tokens have been able to outperform Bitcoin, with meme coins making a significant impact on the market. The data provided by Lookonchain highlights an exciting trend. Based on the result of the analysis, 25 of the 42 cryptocurrencies that performed better than Bitcoin are listed on Binance, which is among the leading cryptocurrency exchange platforms.
Binance includes 20 tokens that were already listed on the exchange and 5 more tokens that were added in 2024. Out of the new listing, $SWIF was up by 234% after listing and this clearly shows that new listing cryptocurrencies are very promising and can yield high returns in the market.
The trend that Lookonchain pointed out also demonstrates that more and more people are paying attention and investing in less-known altcoins, and this trend also shows a new paradigm shift in the crypto-market. Although Bitcoin is still dominant, the trends in meme coins and other specific cryptocurrencies are changing investors’ approaches and engagement.
Binance Boosting Meme Coins Visibility
The most striking feature of this year’s top performers is that most of them are meme coins, 8 out of the top 10, to be precise. Binance has played a role in their popularity; the exchange has listed 4 of these meme coins hence giving them more visibility and trading volumes. Meme coins are generally associated with social media trends and can be influenced by influencers or celebrities, which results in a rapid pump of the coin’s value.
The rest of the top-performing cryptos are a combination of exchange tokens and small-cap, low-volume assets that are not widely traded.
If we go deeper, there are several tokens that have been included in the previous year and experienced amazing returns. Out of all these tokens, $ARKM had the highest percentage increase of 10,389%, and the coins that followed it were $PENDLE with 752%, $FLOKI with 701%, and $PEPE with 496%. These tokens represent a mix of meme coins and other cryptos that have drawn the attention of investors who are in search of high risks and, therefore, high returns.This year’s results indicate that the crypto market is changing and developing further with new meme coins, and other digital tokens, offering new opportunities for traders and investors who seek to make profits from the constantly changing trends in the crypto world. With the ever-evolving nature of the cryptocurrency market, these trends may very well define future market trends.
