The current bull run in cryptocurrencies has led to a dramatic rise in fortunes, with some coins seeing their year-to-date returns explode.
What happened: The meme coins took the lead, with Popcat And First Neiro on Ethereum breathtaking returns for their holders in 2024.
NEIRO, a Ethereum ETH/USD–, the meme-based token, surged over 83% during the week, bringing its year-to-date gains to 55,438%.
For the curious, NEIRO was inspired by the sister of Kabosu, the inspiration behind Dogecoin DOGE/USD and the accompanying army of dog-themed cryptocurrencies.
Thanks to the rally, the coin soared to reach a market capitalization of over $1 billion.
| Cryptocurrency | Earnings over 7 days +/- | Earnings since the beginning of the year +/- | Price (recorded at 10:50 p.m. ET) |
| First Neiro on Ethereum (NEIRO) | +83.77% | +55438.12% | $0.002368 |
| Popcat (POPCAT) | +30.84% | +20120.26% | $1.64 |
Cat-themed cryptocurrency Popcat has seen its year-to-date gains surpass 20,000% after a 30% spike over the past week.
THE Solana SOL/USD– the coin based on stood at a market cap of $1.62 billion. Both POPCAT and NEIRO were among the top 10 largest coins by market value at the time of this writing.
Why it’s important: This dazzling rally also saw Dogecoin DOGE/USDthe king of meme coins, more than doubled in value over the week. Its year-to-date gains have jumped to 336%.
The coin is returned XRP XRP/USD And USD Coin USDC/USD to become the sixth largest cryptocurrency by market capitalization.
This increase was entirely linked to expectations of a Elon Musk-headed Ministry of Government Effectiveness (DOGE) under the leadership of the president-elect Donald Trump.
In the meantime, Bitcoin BTC/USD remained below $90,000 in what was a record rally pinned on that of Donald Trump presidential victory. The leading cryptocurrency is up more than 110% since the start of 2024.
Photo by CMP_NZ on Shutterstock
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