Redemption arcs of 2024: Ripple’s victory, memecoins’ rise, RWA growth
Summary
Bitcoin reached a historic $100,000 milestone in 2024, amid significant developments in the crypto industry. Ripple Labs achieved a legal victory against the SEC, with XRP rising over 251%, outperforming Bitcoin's 117% increase. Ripple partnered with over 300 financial institutions, solidifying its role in cross-border payments. Memecoins experienced a resurgence, with Dogwifhat and Pepe seeing gains of over 1,200%, attracting retail investors. BlackRock launched the Institutional Digital Liquidity Fund (BUIDL), marking a pivotal moment for real-world asset (RWA) tokenization, which could grow to a market size of $10 trillion by 2030. The crypto sector's legitimacy increased, driven by regulatory clarity and institutional interest.
