Check out the most profitable cryptocurrencies in the first half of 2024

The first half of 2024 has seen significant movements in the cryptocurrency market, with several digital assets delivering impressive returns. Here is a detailed analysis of the most profitable cryptocurrencies in the first half of 2024:

1. Bitcoin (BTC)

Price: US$60,819.55

30d Change: 11.19%

7d Change: 7.37%

24h Change: 0.98%

60d Change: 4.90%

90d Change: 13.02%

Market Cap: US$1.20T

Volume (24h): US$21.45B

Dominance: 53.32%

Bitcoin remains the king of cryptocurrencies, showing steady growth with an 11.19% increase over the past 30 days. The leading digital currency continues to dominate the market with over 53% market dominance. Despite market volatility, Bitcoin has proven to be a profitable investment in the first half of 2024, driven by institutional adoption and increasing recognition as a store of value.

2. Ethereum (ETH)

Price: US$3,377.47

30d Change: 13.55%

7d Change: 5.84%

24h Change: 0.17%

60d Change: 1.67%

90d Change: 4.41%

Market Cap: US$405.91B

Volume (24h): US$11.28B

Dominance: 18.04%

Ethereum, the second-largest cryptocurrency, has experienced a 13.55% increase over the past 30 days. Ethereum’s transition to Ethereum 2.0 and its continued dominance in the smart contract space have contributed to its significant price appreciation. With its substantial market cap and trading volume, Ethereum remains a critical player in the crypto market.

3. Solana (SOL)

Price: US$136.16

30d Change: 17.62%

7d Change: 0.92%

24h Change: 0.37%

60d Change: 5.35%

90d Change: 26.61%

Market Cap: US$62.94B

Volume (24h): US$1.42B

Dominance: 2.79%

Solana has seen a remarkable 17.62% increase in the past 30 days, driven by its high throughput and low transaction costs. Solana’s continued network development and growing ecosystem have bolstered investor confidence, making it one of the most profitable cryptocurrencies in the first half of 2024.

4. Dogecoin (DOGE)

Price: US$0.1217

30d Change: 26.39%

7d Change: 3.20%

24h Change: 2.78%

60d Change: 19.12%

90d Change: 42.60%

Market Cap: US$17.63B

Volume (24h): US$478.02M

Dominance: 0.78%

Dogecoin has outperformed many other cryptocurrencies with a 26.39% increase in the past 30 days. Known for its strong community and high-profile endorsements, Dogecoin has seen substantial gains, reflecting its potential for speculative trading and community-driven growth.

5. Avalanche (AVAX)

Price: US$26.04

30d Change: 29.97%

7d Change: 7.45%

24h Change: 0.70%

60d Change: 25.81%

90d Change: 51.44%

Market Cap: US$10.26B

Volume (24h): US$336.82M

Dominance: 0.45%

Avalanche has recorded a nearly 30% gain over the past 30 days, positioning it as a highperforming asset. It became the most profitable cryptocurrencies in the first half of 2024. Avalanche’s rapid transaction speeds and its ecosystem of DeFi and dApps have made it a favorite among investors seeking high returns.

6. Shiba Inu (SHIB)

Price: US$0.00001694

30d Change: 31.70%

7d Change: 9.29%

24h Change: 3.62%

60d Change: 32.29%

90d Change: 44.70%

Market Cap: US$9.98B

Volume (24h): US$191.00M

Dominance: 0.44%

Shiba Inu has delivered impressive gains, with a 31.70% increase in the last 30 days. As a meme coin, Shiba Inu benefits from community enthusiasm and speculative trading, making it one of the standout performers in the first half of 2024.

7. Polygon (MATIC)

Price: US$0.547

30d Change: 24.32%

7d Change: 7.47%

24h Change: 1.67%

60d Change: 26.02%

90d Change: 44.69%

Market Cap: US$5.41B

Volume (24h): US$182.48M

Dominance: 0.24%

Polygon has seen substantial growth, with a 24.32% increase in the past month. Known for its scalability solutions for Ethereum, Polygon continues to attract developers and projects, leading to its impressive performance.

8. NEAR Protocol (NEAR)

Price: US$5.08

30d Change: 34.74%

7d Change: 5.90%

24h Change: 3.39%

60d Change: 31.57%

90d Change: 27.24%

Market Cap: US$5.55B

Volume (24h): US$193.51M

Dominance: 0.25%

NEAR Protocol has experienced a significant 34.74% rise over the past 30 days. With its focus on user-friendly applications and scalable solutions, NEAR has attracted substantial investor interest.

9. Toncoin (TON)

Price: US$7.60

30d Change: 19.76%

7d Change: 4.80%

24h Change: 1.36%

60d Change: 36.82%

90d Change: 56.88%

Market Cap: US$18.68B

Volume (24h): US$235.15M

Dominance: 0.83%

Toncoin has shown impressive growth with a 19.76% increase in the last month and became the profitable cryptocurrencies in the first half of 2024. The crypto has benefited from its unique positioning and strong development roadmap.

10. Cardano (ADA)

Price: US$0.3784

30d Change: 17.69%

7d Change: 3.32%

24h Change: 2.81%

60d Change: 20.22%

90d Change: 40.78%

Market Cap: US$13.53B

Volume (24h): US$254.14M

Dominance: 0.60%

Cardano has posted a 17.69% gain over the past 30 days. Known for its rigorous development approach and focus on security, Cardano remains a favored choice for long-term investors.

Conclusion

The performance of the cryptocurrency market in the timespan of the first half of 2024 has depicted diversified returns from investment across the market with higher returns among some of the popular cryptocurrencies and newly emerging digital currencies marketplace.

The current market leaders are still BTC and ETH while alts such as SOL, DOGE, AVAX, and SHIB performed exceptionally well. As to the investors, the knowledge and observation of the current market trends, as well as the dynamics of the separate project’s development should be taken into consideration.