XRP, ADA, and Meme Coins Make Remarkable Comebacks as Bitcoin Surges Above $100K Milestone

The crypto community would conclude the year 2024 on a happy note as Bitcoin broke above the $100K milestone and even surged above $108K

Cryptocurrency had a rollercoaster of a year in 2023. Several key events and trends left an indelible mark on the digital asset landscape. As the year draws to a close, let's take a closer look at some of the highlights.

The year began with a bang as Bitcoin price surged to new heights, eventually breaching the coveted $100,000 milestone. The apex cryptocurrency continued its rally, even spiking above $108,000 at one point. However, the gains were short-lived as BTC price experienced a sharp downturn, ultimately dipping to around $95,000.

Despite the setback, crypto prices largely remained buoyant throughout the year. A significant development that contributed to the bullish sentiment was the approval of Bitcoin and Ethereum exchange traded funds (ETFs) by U.S. authorities. This move sparked a resurgence across the crypto space.

Furthermore, meme coins enjoyed a remarkable comeback in 2023. These tokens, known for their lighthearted nature and often whimsical origins, experienced a surge in popularity and value. Among them, dogwifhat (WIF) and Pepe (PEPE) stood out with exceptional gains, both rallying over 1,200% during the year.

Another notable trend was the increasing interest in real-world asset (RWA) projects. These initiatives aimed to tokenize traditional investment avenues, such as commodities, real estate, and even carbon credits. The integration of decentralized finance (DeFi) and traditional finance (TradFi) led to a surge in demand for RWA tokens.

Among the RWA tokens, Mantra (OM) had an impressive year, with its price soaring over 8984.65%. Other tokens, including iShares MSCI USA Value Factor ETF (IVE) and SPDR S&P Metals and Mining ETF (XME), also experienced significant gains.

Overall, 2023 was a year of highs and lows for cryptocurrency. While some digital assets enjoyed remarkable gains, others faced challenges and setbacks. As the year comes to an end, the crypto community will undoubtedly be reflecting on the lessons learned and eagerly anticipating what 2024 has in store.