- Mantra (OM) is up 7,035.2% in 2024 amid rising demand for RWA protocols.
- AIOZ and SUI are the opposite prime performing L1 tokens in 2024.
- Sui Community not too long ago launched Bitcoin staking.
Layer 1 (L1) tokens have seen distinctive value will increase in 2024, with some seeing beneficial properties of as much as 7,000%, based on a report from CoinGecko. The report highlights Mantra (OM), AIOZ Community (AIOZ), and Sui Community (SUI) as the very best performing L1 cryptocurrencies this yr. Donald Trump's victory within the US presidential election was cited as a significant contributing issue to this value surge, the report added.
Mantra (OM) has develop into the very best performing L1 token of 2024, with a staggering 7,035.2% improve year-to-date (YTD). CoinGecko attributes this development to Mantra's partnership with Zand, a UAE-based digital financial institution enabling tokenization of real-world belongings (RWA) in compliance with Dubai's Digital Asset Regulatory Authority (VARA). This partnership, coupled with rising institutional curiosity in RWAs, has attracted important capital inflows to OM.
On the time of writing this text, OM is buying and selling at $3.44, down 4.21% during the last 24 hours and eight.66% during the last week. The Relative Power Index (RSI) signifies a price of 63.88 for OM, which implies that the cryptocurrency nonetheless has upside potential and the gradient of the road suggests a slight correction earlier than the uptrend continues.
Additionally learn: World markets juggle Bitcoin's rise and Trump's commerce uncertainty
AIOZ and SUI are additionally among the many finest performers
AIOZ Community (AIOZ) has seen a outstanding 427.6% year-to-date improve, supported by the rising adoption of its decentralized content material supply community and the continued enchancment of its ecosystem. Buying and selling at $0.8008, AIOZ rose by 72.39% over the previous week, highlighting robust market momentum.
Sui Community (SUI), with a 388.2% year-to-date improve, owes its success to revolutionary dApps targeted on scalability and developer-friendly options. At present priced at $3.46, SUI has gained 66.92% over the previous week. The current announcement of a Bitcoin staking function has additional boosted investor optimism, suggesting continued development potential.
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