Technology

Ranked: Top Performing Cryptocurrencies in 2024

Published

2 weeks ago

November 22, 2024

Marcus Lu

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Ranked: Top Performing Cryptos in 2024

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The best performing cryptocurrency as of November 2024 is Dogecoin, which is considered by many to be the original “meme coin”.

Like many other cryptocurrencies, though, Dogecoin has seen a massive surge following Donald Trump’s victory in the 2024 presidential election.

In this graphic, we rank the top 10 cryptocurrencies by their YTD return (as of Nov. 17, 2024), based on data accessed via PinPoint Macro Analytics.

Data and Key Takeaway

The data we used to create this graphic is also listed in the table below.

Rank	Asset	YTD Return (%)
1	Dogecoin	310
2	SHIBA INU	150
3	Solana	134
4	Bitcoin	113
5	BNB (Binance Coin)	98
6	UNUS SED LEO	93
7	TRON	85
8	XRP (Ripple)	72
9	Zcash	65
10	Crypto.com Coin	62
--	Gold	28

As mentioned before, many cryptocurrencies have rallied since Trump’s victory in the election. Investors and speculators believe that the incoming Trump administration will be crypto-friendly (his campaign accepted crypto donations).

Another factor at play (especially for Dogecoin) is Elon Musk’s growing role and influence in government. Musk is a supporter of cryptocurrency, and has repeatedly expressed support for Dogecoin through tweets and interviews.

It’s likely the creation of the Department of Government Efficiency (D.O.G.E) is also raising interest in Dogecoin.

Other Top Performing Cryptos

Aside from Dogecoin, what are the other cryptos in this ranking? Here are some highlights:

Solana (SOL): Known for its relatively quick transaction speeds, SOL is a favorite for NFT creators and play-to-earn games
Binance Coin (BNB): BNB is the native cryptocurrency of the Binance ecosystem. Binance has had its fair share of controversies, including its role in the collapse of FTX
Zcash (ZEC): Zcash is a privacy-focused cryptocurrency that offers “zero-knowledge proofs”, allowing users to verify transactions with revealing details such as sender, receiver, or amount.