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How These 4 Key Cryptocurrencies Beat The Nasdaq Composite in 2024

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Moreover, even in a year that many stocks doubled and tripled their historical average yearly returns, leading cryptocurrencies delivered gains of over 100% for the year.

With several years of operation behind them, landmark wins against SEC regulators in US court, and even Wall Street ETFs for two of them, the crypto assets on this list are less risky for investors than ever before.

That doesn’t mean buying these digital assets is without risk any more than buying stocks like Apple or Amazon is without risk. But gone are the days when educated investors must scratch their heads looking at the staggering reports about these currencies’ price gains and wonder if it could be real.

They’re currently caught up in the bullish part of a multi-year boom and bust cycle. That means their exchange rates against the dollar have been rising for months and could continue to increase until all market demand has been exhausted. Then, prices are likely to correct again for the remainder of this market cycle.

Four Big Cryptos That Beat Wall Street

Below is each asset, with a note about how it beat returns from tech stocks in the Nasdaq Composite this year. For reference, the NASDAQ, a broad benchmark for the performance of US tech stocks, gained 33% for the year ending Thursday, Dec. 26.

Meanwhile, the four cryptocurrencies featured here gained accordingly:

  • Bitcoin: 126%
  • Ethereum: 49%
  • Solana: 75%
  • Ripple: 247%

Over its history, the Nasdaq has taken as long as ten years or more to return this kind of gains to the market value of its stocks. These crypto assets did it in just one year, and it’s by far not the first time they’ve performed this well in a year.

1. Bitcoin (BTC) Yearly Performance 2024: +126%

Bitcoin is the original and first-in-class cryptocurrency. It invented the entire segment with its 2009 debut. On Thursday, the Bitcoin economy’s total market capitalization exceeded $1.9 trillion.

For the year through Dec. 26, Bitcoin rose 126% over its average Jan. 1 price on crypto exchanges. It is the most traded and most liquid cryptocurrency, as well as the most established, with a hands-off approach by US regulators and several ETF (exchange-traded fund) products available on Wall Street for regulated investors to buy at less risk than using crypto exchanges or self-custody to purchase and secure.

In addition to its ongoing unique value proposition, Bitcoin beat the Nasdaq this year for three more proximate reasons:

  • The Wall Street ETF approval for Bitcoin by the SEC on Jan. 10
  • The four-year BTC supply halving on Apr. 20
  • The reelection of former President Donald Trump on Nov. 5

Bitcoin’s unique value proposition is its highly secure maintenance of a preciously scarce supply of unique, serialized digital notes on its network. Economists who understand how it works compare Bitcoin to digital gold, which you can send to anyone in the world as easy as it is to send an email.

2. Ethereum (ETH) Yearly Performance 2024: +49%

Inspired by the ideas and design behind Bitcoin, Ethereum was the first blockchain smart contract platform to scale to a mass market of users. Smart contracts are like currency on Bitcoin’s network, but they can do more than basic accounting.

The idea is powerful, and the possibilities are endless: Smart contracts or decentralized finance (DeFi) networks like Ethereum host programmable money.

Imagine you could write a note on a $100 dollar bill that says the first person to meet the requirements on this note gets to have the $100 dollar bill.

Furthermore, you could just leave that note posted on a cork board in an office park, and it wouldn’t go anywhere until someone actually did whatever the note requires (for example, leave a note in its place with the solution to a complex problem that would cost you more than $100 to solve yourself).

This technology is still new, but it promises to revolutionize finance, law, accounting, insurance, and supply chain management in some way that is comparable to how the Internet revolutionized publishing and retail commerce.

Ethereum beat the Nasdaq this year because of:

  • The Wall Street ETF approval for Ether by the SEC on Jul. 22.
  • The Federal Reserve’s pivot to cutting interest rates lower on Sept. 18
  • The reelection of former President Donald Trump on Nov. 5

Blockchain insights and analytics team CryptoQuant recently noted that key metrics for Ethereum presage a persistently bullish market outlook for ETH tokens for the time being.

3. Solana (SOL) Yearly Performance 2024: +75%

Inspired by the success of Ethereum, Solana is another smart contract DeFi platform built with a second-mover advantage of greater network speed and lower fees. While Ether remains the leading DeFi cryptocurrency by market cap, Solana has made enormous strides to close the gap.

It still has a ways to go, with some $90 billion in market capitalization Thursday compared to Ethereum’s $400 billion market cap. But cryptocurrency market watchers are eyeing these two closely to gauge the future of the blockchain economy and crypto exchange markets.

Solana lagged Bitcoin for ROI growth this year over Jan. 1’s average crypto exchange price, but it bested Ethereum by a pretty margin. Furthermore, it clobbered one of the best years for growth in Nasdaq, with 33% gains for the year ending Thursday, Dec. 26.

Solana beat the Nasdaq this year because of:

  • High network throughput and low fees compared to DeFi competitors
  • The Federal Reserve’s pivot to low interest rates and Trump’s reelection
  • The outstanding success of Solana meme coins against its competitors

Some of the top Solana memes that stood out this year include Bonk, Pudgy Penguins, Dogwifhat, Fartcoin, Popcat, Gigachad, Goatseus Maximus, and Baby Doge Coin. But beginning crypto investors who don’t know their way around memes are probably safer with the base layer SOL tokens.

4. Ripple (XRP) Yearly Performance 2024: +247%

One of the earliest altcoins inspired by Bitcoin, Ripple’s XRP is a decentralized, automated platform for large cross-border payments between financial institutions.

Ripple’s XRP tokens are the leading earner on this short list for the year because of pent-up demand as the market is hopeful for a resolution to the SEC lawsuit. The US Securities and Exchange Commission sued Ripple over allegations of selling unregistered securities (those being the XRP tokens for its decentralized payment network).

Three US court rulings in Ripple’s favor last year and another this most recent November set the stage for XRP’s over-indexing performance among leading cryptos this year.

Ripple beat the Nasdaq because of:

  • Several decisive wins against the SEC in court and hype around potential resolution
  • The Fed’s low rate pivot and Donald Trump’s reelection
  • Ripple’s aggressive push for business partnerships around the world

Recent technical analysis of XRP’s price indicates the bull run will continue as long as average exchange rates stay above this key support level.

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Cryptocurrency

Top Cardano (ADA) Price Predictions as of Late

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TL;DR

  • Analysts cite bullish chart patterns to envision potential price breakouts above $3 and even a new all-time high of over $4.
  • A rising outflow of ADA from exchanges to self-custody wallets suggests strong holding behavior, while Grayscale’s proposed spot ETF (now awaiting SEC approval) could open the floodgates to mainstream investment if approved.

Time for Another Pump?

Cardano’s ADA has been underperforming over the past two weeks, with its price dropping by 5% during that period to the current $0.77 (according to CoinGecko’s data). Despite the downtrend, many market observers remain optimistic in their predictions.

Hardy, an X user with more than 70,000 followers, thinks ADA looks solid at its ongoing level. Furthermore, they argued that the asset’s “epic bull run” has not yet started.

X Finance Bull described ADA as “one of the biggest sleeper gains in crypto right now. The X user believes the valuation is poised to surpass $3, adding that a new all-time high is closer than some might think. 

Smith also chipped in, spotting the formation of a “monstrous cup and handle” on ADA’s price chart. This is a bullish pattern that signals the potential for a major rally. Smith believes the valuation could explode above $4 once it exceeds the breakout target of $0.92. 

Those interested in exploring additional price forecasts for Cardano’s native token can refer to our previous dedicated article here.

The Bullish Indicators

According to CoinGlass’s data, there has been a significant shift of ADA tokens from centralized exchanges toward self-custody methods in the past several months. This is considered bullish since it reduces the immediate selling pressure.

ADA Exchange Netflow
ADA Exchange Netflow, Source: CoinGlass

The potential launch of a spot ADA ETF can also positively impact the price. The leading digital asset manager, Grayscale, displayed its intentions to introduce such a product in the USA in February of this year. The decision is now in the hands of the US Securities and Exchange Commission (SEC).

Such an investment vehicle will give investors additional and simplified options to gain exposure to ADA. After all, buying a spot ETF is like purchasing regular stocks, all done via standard brokerage accounts. In the aftermath, Investors own shares, while the fund holds the actual cryptocurrency on their behalf.

According to Polymarket, the approval odds before the end of 2025 stand at 83%.

ADA ETF Approval Odds
ADA ETF Approval Odds, Source: Polymarket
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Ethereum’s Low Funding Rates Signal ‘Full-Fledged’ Rally Ahead: Analyst

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Ethereum’s ten-year milestone has been marked not just by reflection but by a steady rally that has investors bracing for what could be the cryptocurrency’s next big breakout.

With ETH trading at $3,800 at press time, still 24% below its all-time high, pseudonymous CryptoQuant analyst CoinCare says its subdued futures funding rates and deep-pocketed accumulation suggest the uptick is far from over.

The Funding Rate Divergence

According to CoinCare, Ethereum’s ongoing four-month rally is quite similar in magnitude to a previous surge that happened between the start of Q4 2023 and the end of Q1 2024. However, unlike that run, where funding rates became overheated, today’s futures funding levels remain near pre-rally lows.

“In the current rally, there has been no overheating in funding rates,” wrote CoinCare. “In fact, the current funding rates are closer to the levels seen before the October 2023 rally began.”

CoinCare believes this is a sign that “a cooldown after a short-term surge is essential,” following which ETH could “enter a full-fledged rally” driven by renewed speculative interest.

Beyond derivatives, fundamental and on-chain forces also support Ethereum’s potential breakout. For instance, heavyweight Ethereum investors recently acquired 220,000 ETH, worth an estimated $850 million, in just 48 hours. This boosted their holdings to 23.5% of the asset’s supply, a record high that should lessen market liquidity and amplify an upward push.

At the same time, spot ETH ETFs have attracted roughly $5 billion in just 17 days, adding steady demand from regulated investment vehicles. Meanwhile, exchange balances have plunged to a near-decade low of 19 million ETH, with more than 1 million coins withdrawn in the past month alone, potentially reducing immediate sell-side pressure.

Price Momentum

Looking at the market, ETH has gained 1.7% in the past 24 hours, 7.9% in the last week, and 57% across 30 days. It is currently trading within a tight $3,708 to $3,874 range, with $4,000 as the next key resistance level and $3,500 providing critical short-term support.

Analyst Ali Martinez believes going above $4,100 could trigger “the real breakout” for ETH, marking a major psychological shift and potentially opening the door for a run towards its 2021 all-time high.

Despite short-term warning signals, such as an overbought RSI and a potential pullback toward $3,300 highlighted in CryptoPotato’s latest analysis, the bigger on-chain picture remains decisively bullish. If CoinCare’s funding-rate thesis proves accurate and institutional demand continues to grow, ETH’s next chapter could be written not with caution but with new highs.

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FTX Stakes $79M in ETH, Whales Are Buying, BlackRock’s ETHA Keep Growing

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TL;DR

  • FTX staked $79M ETH after withdrawing $75M, signaling renewed activity from major crypto players.
  • BlackRock now holds 2.5% of all ETH, adding $375M more through its growing Ethereum ETF.
  • Eleven new whale wallets added 722K ETH since July, with most already staked for the long term.
  • Ethereum ETFs saw $5.41B in July inflows, beating combined gains from the last eleven months.

FTX Moves ETH From Bybit, Then Stakes It

On-chain data tracked by Lookonchain shows that FTX and Alameda Research staked 20,736 ETH, valued at around $79 million, within the past few hours. The move follows a previous withdrawal of 21,650 ETH from crypto exchange Bybit. That withdrawal, carried out between December 17, 2024, and January 9, 2025, totaled $75.3 million at an average price of $3,478 per ETH.

At the time of writing, ETH trades at $3,860. The price has increased 1% in the last 24 hours and 7% over the past seven days. These ETH transfers and staking actions add to a trend of growing market activity around the asset.

BlackRock and Other Firms Continue ETH Accumulation

BlackRock added $375 million in ETH to its holdings this week. The firm now controls about 2.5% of Ethereum’s total circulating supply, which translates to over $11.4 billion in ETH, based on current prices. 

In addition, the iShares Ethereum ETF, launched in 2024, has now acquired more than 3 million ETH, according to Nate Geraci’s recent post. Since July 12 alone, it has added another 1 million ETH.

The Ether Machine, a company focused on ETH accumulation, bought 15,000 ETH this week for $56.9 million. This brings its total ETH holdings to over 334,000. 

Meanwhile, it also confirmed that additional capital remains available for further ETH purchases. With this latest transaction, The Ether Machine now holds more ETH than the Ethereum Foundation.

SharpLink, a Nasdaq-listed company, made yet another purchase earlier today, adding 11,359 ETH, which brings its total to 449,276 (worth $1.73 billion). A significant portion of the newly acquired ETH has already been staked.

Whale Wallets Enter the Market With Billions in ETH

Eleven new wallets have acquired a total of 722,152 ETH, worth $2.77 billion, since July 9. Three of those wallets added 73,821 ETH, worth $283 million, in the past 24 hours. The data was tracked by Crypto Rover.

Most of these new wallets are staking their ETH. This reduces the circulating supply and signals long-hold strategies. These new holders are joining a broader trend of long-term ETH accumulation by large entities.

ETF Inflows Surge in July

As we recently reported, Ethereum ETFs brought in $5.41 billion in net inflows during July. That figure is higher than the $4.21 billion combined inflows from the 11 previous months. Since their launch in July 2024, ETH ETFs have received $9.62 billion.

Earlier in the year, flows were more uneven. The first quarter of 2025 saw low inflows and a brief outflow in March. By contrast, November and December 2024 saw stronger interest, with inflows of $1.05 billion and $2.08 billion, respectively.

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