- Mantra (OM) gained 7,035.2% in 2024 because the demand for RWA protocol elevated.
- AIOZ and SUI are different high performing L1 tokens in 2024.
- Sui Community lately launched Bitcoin staking.
In keeping with a report by CoinGecko, Layer 1 (L1) tokens have seen extraordinary worth will increase in 2024, with some recording worth will increase of as much as 7,000%. The report options Mantra (OM), AIOZ Community (AIOZ), and Sui Community (SUI) because the top-performing L1 cryptocurrencies this 12 months. Donald Trump's victory as US president was cited as a significant component behind these worth will increase, the report added.
Mantra (OM) has emerged because the best-performing L1 token of 2024, with a formidable year-to-date (YTD) improve of seven,035.2%. CoinGecko mentioned this development is because of Mantra's partnership with Zand, a UAE-based digital financial institution, which allows the tokenization of actual world property (RWA) in compliance with Dubai's Digital Property Regulatory Authority (VARA). We imagine that that is the case. This partnership, coupled with elevated institutional curiosity in RWA, led to important capital inflows into OM.
On the time of writing, OM is buying and selling at $3.44, down 4.21% prior to now 24 hours and eight.66% over the previous week. OM’s Relative Power Index (RSI) worth is 63.88, which suggests the cryptocurrency nonetheless has bullish potential and the slope of the road signifies a slight correction earlier than the uptrend continues.
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AIOZ and SUI are additionally among the many high performers
AIOZ Community (AIOZ) has grown a formidable 427.6% year-to-date, pushed by the rising adoption of decentralized content material distribution networks and continued ecosystem enhancements. AIOZ is buying and selling at $0.8008, up 72.39% over the previous week, highlighting sturdy market momentum.
With 388.2% year-to-date income development, Sui Community (SUI) owes its success to progressive dApps with a concentrate on scalability and developer-friendly options. Whereas the present worth is $3.46, SUI has risen 66.92% prior to now week. The current announcement of Bitcoin's staking performance additional will increase investor optimism and suggests the potential for continued development.
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