2024: The Year of Crypto Redemption as Bitcoin Hits $100K, Ripple Labs Emerges Victorious and Memecoins Resurge

Bitcoin's historic rally to the $100,000 milestone occurred among many significant crypto redemption stories in a year that further legitimized

As 2024 drew to a close, Bitcoin (BTC) finally breached the highly anticipated $100,000 milestone, fulfilling a long-held dream for many crypto enthusiasts and traders. This historic rally served as a testament to the resilience and enduring strength of the crypto market. Among the year’s most remarkable comebacks were those experienced by several notable crypto projects that had faced hardships.

One of the most significant comebacks belonged to Ripple Labs, which faced a years-long legal battle with the United States Securities and Exchange Commission (SEC) over the XRP XRPUSD token. In July 2023, a federal judge ruled that XRP was not a security regarding programmatic sales on digital asset exchanges. However, the SEC also managed to notch a victory of its own, as the judge ruled that XRP is a security when sold to institutional investors.

Another comeback was seen in the memecoin sector, with tokens like PEPE and WIF rallying over 1,600% and 1,400%, respectively. This attracted more retail investors to crypto, especially those looking for quick gains.

Finally, the real-world asset (RWA) tokenization sector saw a massive revival, thanks to the entry of institutional players like BlackRock and the promise of bringing traditional finance on-chain. This sector is poised for trillion-dollar growth leading into 2030.