These Cryptocurrencies Are Beating Bitcoin in 2024: Meme Coins, AI Tokens & More

Bitcoin the world’s most famous cryptocurrency, continues to impress in 2024, up by 45% for the year. But in the fast-paced world of digital currencies, being on top isn't guaranteed forever. In fact, several other cryptocurrencies have managed to outperform Bitcoin this year, with some seeing gains of over 100% – and they might just be the ones to watch heading into 2025.

Ad

Let’s dive into the three main categories of cryptos that are currently stealing the spotlight from Bitcoin and capturing the attention of both casual and seasoned investors.

Meme Coins: From Jokes to Jaw-Dropping Gains

Remember Dogecoin, the original meme coin that started as an internet joke? Well, in 2024, meme coins have exploded far beyond that. These digital assets, which often have fun themes like cats or frogs, are now serious contenders, and some are experiencing massive growth.

One standout this year is a new cat-themed meme coin that has shocked the market by climbing nearly 15,000%. Yes, you read that right – 15,000%! With a market cap of over $1 billion, it's the talk of the crypto community. But if we narrow the field to meme coins with market caps over $2 billion, here are the top performers:

• Dogwifhat: Soaring 1,495%

• Pepe: Jumping 621%

• Shiba Inu: Up 65%, still riding high after its surge in the last crypto bull market.

But before you rush to invest, it’s important to note that meme coins can be extremely unpredictable. They are known for their wild swings – one minute they’re up 100%, and the next they’re down to zero. So while they might offer short-term excitement, they come with a hefty dose of risk.

AI Crypto Tokens: Riding the Artificial Intelligence Wave

As the world goes crazy for artificial intelligence, it’s no surprise that AI-related crypto tokens are also seeing huge growth. These digital currencies are tied to AI services and products, allowing users to buy things like AI models within blockchain ecosystems. And they’re skyrocketing in value.

Leading the charge are two AI tokens that are outperforming Bitcoin:

• Bittensor (CRYPTO: TAO): Up more than 160% in just the past month, this crypto is making waves in the AI sector. Its decentralized network is focused on developing, sharing, and trading AI models, which has some experts predicting it could increase tenfold in value as the AI boom continues.

• Artificial Superintelligence Alliance (CRYPTO: FET): With a market cap of over $3 billion, it’s one of the top players in the AI crypto space.

As more investors flock to AI and machine learning technologies, these tokens could continue to see explosive growth.

Ethereum Rivals: Sui’s Meteoric Rise

While Ethereum (CRYPTO: ETH) remains a powerhouse in the crypto world, it’s always had challengers looking to take its crown. In 2023, Solana (CRYPTO: SOL) made headlines with a 900% surge. But in 2024, there’s a new contender: Sui (CRYPTO: SUI), which is already up 137% for the year.

Sui’s rise can be attributed to a few key factors:

• Circle’s USDC Stablecoin Integration: This move has brought more liquidity to Sui’s ecosystem, making it a stronger player in decentralized finance (DeFi).

• Speed Upgrades: A major upgrade to its blockchain has made Sui even faster than Solana, allowing it to process transactions at lightning speeds. This positions Sui perfectly for gaming and DeFi applications, both of which require fast and efficient blockchains.

Some crypto enthusiasts are now calling Sui a “Solana killer,” though it’s important to remember that Ethereum has fended off many challengers before, including Cardano and Avalanche, both of which are struggling in 2024.

The Big Question: Can Any Crypto Beat Bitcoin Long-Term?

It’s clear that some cryptos are outpacing Bitcoin in 2024. Meme coins, AI tokens, and Ethereum challengers are all posting impressive gains. But the bigger question is: will these cryptos last?

Bitcoin has proven itself over time as a reliable store of value, while many other cryptos tend to rise and fall quickly. So, while you might see short-term gains with these new contenders, it’s hard to say whether they’ll be around for the long haul. For many investors, Bitcoin still seems like the safest bet in the ever-volatile crypto market.

Also Read: Arkham Intelligence to Launch Crypto Derivatives Exchange Backed by OpenAI’s Sam Altman