The cryptocurrency market has seen significant growth in 2024, outperforming traditional stock markets.
The S&P 500 index has returned 25% this year, but the crypto market has doubled its total market capitalization to $3.30 trillion.
Bitcoin has achieved a 138% increase over the past year, driven by several growth catalysts, including the recent halving of its issuance rate and the support for digital currencies in the United States.
Solana has gained 101% and has outperformed the overall crypto sector. Its recent price surge can be attributed to its recovery from the FTX crypto exchange collapse and its real-world applications in executing smart contracts efficiently.
For long-term investors, a diversified portfolio that includes both Bitcoin and Solana may be prudent. It is recommended to allocate a larger portion to Bitcoin due to its established position and ongoing innovations.