Cryptocurrency investors are eyeing the top coins driving the bullish market, with SHIB, ADA, and DOGE showing impressive gains. SHIB, in particular, leads the charge with an 80.6% year-to-date return.
As the market undergoes a temporary correction, many expect a full-scale bullish trend to emerge in the coming months.
Explore the latest rankings and performance data from Grayscale to stay ahead of the trends in this evolving market.
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SHIB Records an "80.6% Year-to-Date Return"
On September 28, 2024, major cryptocurrency investment firm "Grayscale" released a list of the top 10 cryptocurrencies with the highest profitability over the past week.
While the entire cryptocurrency market saw significant price increases last week, the top three cryptocurrencies with the highest returns were SHIB, ADA, and DOGE.
Shiba Inu (SHIB) delivered an outstanding performance, posting a weekly return of 32.1% and a year-to-date return of 80.6%.
Cardano (ADA) secured the second position with a 14.5% weekly return. However, it has not surpassed the highs reached during last year’s price surge, resulting in a year-to-date return of -32.3%.
Dogecoin (DOGE) experienced stable growth, achieving a 12.4% return over the week and a year-to-date return of 32.3%.
The full profitability rankings for the week are as follows:
| Cryptocurrency | Weekly Return | Year-to-Date Return |
|---|---|---|
| Shiba Inu (SHIB) | 32.1% | 80.6% |
| Cardano (ADA) | 14.5% | -32.3% |
| Dogecoin (DOGE) | 12.4% | 32.3% |
| Solana (SOL) | 9% | 53.4% |
| Ethereum (ETH) | 6.7% | 15.4% |
| Binance Coin (BNB) | 5.5% | 91.2% |
| Bitcoin (BTC) | 3.4% | 54.3% |
| Toncoin (TON) | 1.8% | 154.4% |
| Tron (TRX) | 1.2% | 42.3% |
| XRP (XRP) | 0.4% | -3.8% |
Top 3 Year-to-Date Returns: "TON, BNB, and SHIB"
Although SHIB, ADA, and DOGE led the weekly profitability rankings, the top three performers in year-to-date returns were Toncoin (TON), Binance Coin (BNB), and Shiba Inu (SHIB).
Toncoin (TON), closely linked to the messaging app Telegram, has recently gained attention through Web3 games that implement a "Tap-to-Earn" mechanism.
These mini-games could be contributing to TON's growth, positioning it as a significant player in the cryptocurrency market.
Although major cryptocurrencies saw a price drop again on September 30, many analysts view this as a "short-term correction."
There is growing optimism that the market will enter a sustained bullish phase in the coming months, making future return reports all the more noteworthy.
>> Click here for the latest news on price forecasts
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