In 2024, Bitcoin reached record highs due to U.S. spot ETF approvals and political developments, yet several crypto assets outperformed it significantly. Notably, Pepe (PEPE), a meme coin that launched in 2023, surged 1,492% from a market cap of $590.8 million to $9.4 billion by December. Sui (SUI), developed by ex-Meta engineers, saw its market cap rise 1,193%, reaching nearly $12 billion. MicroStrategy (MSTR), leveraging its Bitcoin investments, experienced a 464% increase in stock price. Dogecoin (DOGE) grew 342% to a market cap of $45.9 billion, benefitting from Elon Musk's advocacy. XRP also performed well, climbing 286% to a market cap of $131.2 billion amidst regulatory victories. Lastly, BlackRock's iShares Bitcoin Trust (IBIT) achieved rapid asset growth and trading success, marking a notable year for Bitcoin-related investment vehicles.

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