These are the top 5 achievement medals in 2024

As 2024 approaches its final phase, the crypto market has seen certain players defy volatility and deliver incredible gains. These high-performing coins achieved their status as a result of strategic developments, adoption milestones, and increased purchasing pressure, prompting notable price increases.

In this analysis, BeInCrypto reveals the five best digital currencies in 2024 and reveals the factors that fueled their success. The piece also examines whether these funds can sustain their momentum and make similar advances in 2025.

MANTRA (OM)

OM, the native token of MANTRA blockchain layer-1, is the brand of the best altcoins in 2024. This year, the price of MANTRA has increased by 9,445%. This huge increase in prices could be linked to the growing demand for coins linked to the Real-World Assets (RWA) statement, under which MANTRA falls.

For many, RWA has the potential to unlock wealth for investors across the globe. As a result, MANTRA entered into several collaborations, which increased the demand for OM. At the beginning of the year, the price of OM was around $0.040.

However, it climbed to an all-time high of $4.60 on December 11. Currently, OM is down 22.25% from that peak and trading at $3.58. On the daily chart, OM hits a new high almost every time it breaks out of a descending triangle.

As shown above, this happened in June. The same thing happened between November and December. With the token creating a similar trend, there is a chance that it could rise again. If that happens, the price may rise to $5.50 in the first few weeks of 2025.

However, if demand for RWA tokens decreases, that may not happen. Instead, the value could decline below $2.50.

Mog Dogs (MOG)

The second on the list of the best coins in 2024 is Mog Coin. MOG is a meme coin based on Ethereum and the price has increased by 5,337% this year. For context, the Ethereum blockchain didn't have many breakout meme coins this year.

But for MOG, it stood out and reached an all-time high of $0.0000040 on December 6th. At press time, the token was trading at $0.0000022 and recently fell 47.70% from that peak.

From a technical point of view, the daily chart shows that the Awesome Oscillator (AO) has fallen to the negative sector. The AO uses recent and historical price movements to measure momentum.

When the reading is positive, the trend is positive. But since it is negative, the trend around MOG is bearish. If maintained, the value of the meme coin could drop to $0.0000016. However, if buying pressure increases, the forecast may become invalid in the short term.

Popcat (POPCAT)

Another meme coin on the list of best coins in 2024 is POPCAT. As the name implies, POPCAT is a cat-themed meme base. But unlike MOG, it is built on Solana.

This year, the value of POPCAT has increased by 3,169%. However, it was initially more than this, especially in the second quarter of the year.

However, a special sale has brought the price of the meme coin down to $0.73.

to buy for 0.73 US dollars. POPCAT is 64% down from its all-time high of $2.05. On the daily chart, the indicator appears to be close to the oversize category. This is because the Relative Strength Index (RSI), which measures momentum, is down to 32.20.

For context, a digital currency becomes overvalued when the RSI hits 70.00 or higher. It is oversold when it slips below 30.00. So, it looks like the Solana meme base is nearing the end of its fix.

If confirmed, the value of the coin could bounce to $1.28 as buying pressure kicks in. In the coming year, the value of the meme coin could be higher if demand increases. However, if the broader market falls into a bear cycle, this may not be the case.

Aerodrome Finance (AERO)

AERO, Aerodrome Finance's regulatory token, Automated Market Maker (AMM) and Decentralized Exchange (DEX), has emerged as one of the best performing cryptocurrencies in 2024.

Built on the Base network, AERO gained significant traction due to the widespread adoption of the Coinbase Layer-2 solution.

In addition, the rise of the token was increased by a major development – Binance listing AERO on its permanent market. This listing greatly increased liquidity and availability, contributing to an impressive 1,981% year-on-year price increase.

Currently, the price of AERO is $1.47, with the daily chart showing important support around $1.05. Nevertheless, the moving average multiple (MACD) has fallen to the negative sector.

This decline indicates a bearish trend around the token. If the trend remains strong, the price of AERO could fall to $1.07 in the short term. Failure to defend the $1.05 support could make matters worse, as the value could slide to $0.89.

On the flip side, if bulls protect the support at $1.05, the trend could change. In that direction, the altcoin could rally towards $3.

AIOZ Network (AIOZ)

AIOZ ranks fifth on the list of the best coins in 2024. Year to date (YTD), the price of AIOZ has increased by 624.40%. This price increase could be linked to the basics of the project around Artificial Intelligence (AI) and Distributed Physical Infrastructure Network (DePIN).

Both AI and DePIN have held the ground as one of the hard statements in 2024. Therefore, a combination of the two sectors ensured that the price of AIOZ climbed to an annual high of $1.20.

Despite being one of the best performing cryptos of the year, the daily chart shows that AIOZ has fallen below the 20-time moving average (EMA) level in blue and is about to slip below the 50 EMA (yellow).

If the altcoin price falls below the 50 EMA, AIOZ may face an extended correction to $0.58. On the other hand, an increase above these indicators could invalidate this thesis, and the price could accumulate towards $2.