Based on CoinTelegraph, the cryptocurrency market saw a significant resurgence in 2024, with its capitalization rising from $1.8 trillion in January to $3.9 trillion by mid-December. This growth was led by Bitcoin's 160% rise and was further fueled by altcoins like Dogecoin, XRP, and Hedera. Dogecoin's price surged over 350%, driven by political shifts and Elon Musk's support. XRP also rose by more than 350%, bolstered by regulatory optimism and strategic launches. Hedera experienced an 800% rally, with increased DeFi presence and potential ETF developments. These coins' performances were influenced by the 2024 U.S. presidential election, which brought a pro-crypto administration under Donald Trump, signaling a shift in regulatory sentiment. Analysts predict continued growth for these cryptocurrencies into 2025.
Dogecoin, XRP, and Hedera Lead 2024 Crypto Resurgence with Over 350% Gains
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