Should You Invest In Top Crypto Gainers of 2024? VIRTUAL, BRETT, POPCAT
Cryptocurrencies like VIRTUAL, BRETT, and Popcat were among the best performers of the year. VIRTUAL surged by 23,000% in 2024, while Brett and Popcat soared by 14,700% and 10,500%, respectively. So, is it safe to invest in these top crypto gainers of 2024?
Top Crypto Gainers of 2024: A Closer Look at VIRTUAL, BRETT, and POPCAT
Virtuals Protocol (VIRTUAL) token soared in 2024 because of its positioning in the artificial intelligence industry since its goal is to help people build autonomous AI agents. This rally coincided with the surge of other AI assets like NVIDIA and Broadcom, which entered the $1 trillion club.
BRETT token’s performance was due to its being the biggest meme coin in the Base Blockchain. Base was the breakout star in crypto in 2024 as it became the biggest layer-2 network, beating the likes of Arbitrum and Polygon.
Popcat price soared as demand for Solana-themed meme coins rose. It also coincided with the traction of cat-themed tokens following the success of dog-themed tokens like Dogecoin and Shiba Inu.
Virtuals Protocol (VIRTUAL)
VIRTUAL’s main investment opportunity is that it is in the fast-growing AI agents industry that is expected to have a CAGR rate of 45% in the next few years. The risk, however, is that there are signs that the AI industry may start losing momentum in 2025, which may affect assets like VIRTUAL.
The VIRTUAL token rallied from $0.0362 in August and reached $3.4. It has rallied above the resistance at $3.31, invalidating the double-top pattern whose neckline is at $2. Therefore, the coin may continue gaining momentum for a while as the AI hype goes on. If this happens, it may jump to as high as $5 in 2025.
A drop below the double-top’s neckline at $2 will invalidate the bullish case, and point to more downside. The risks to the bullish thesis include a mean reversion, where the coin drops to near the 50-day or 100-day moving averages, and profit-taking among investors. It may also move to the distribution or markdown phase of the Wyckoff Method.
Virtual Price
Popcat (POPCAT)
Popcat token was a top crypto gainer in 2024 as it jumped to a record high of $2.06. This surge happened as the hype surrounding Solana meme coins rose. On the daily chart, the coin has retreated sharply and erased some of the gains made during the year.
Popcat price has moved to the 61.8% Fibonacci Retracement level, and crashed below all moving averages. There are signs that it is forming a bearish pennant pattern, which is made of a long line and a triangle pattern. The Popcat price will likely continue falling as the Solana meme coin ecosystem gets crowded. If this happens, it may drop to the 78.6% retracement at $0.44.
Popcat Price
Brett (BRETT)
Brett was one of the top crypto gainers in the crypto industry in 2024 as it soared to a record high of $0.2360. It then retreated to $0.12 as the crypto sell-off intensified recently. On the 1D chart, it has moved below $0.1960, the upper side of the cup and handle pattern (C&H). It has also moved below the 50-day moving average, and like Popcat, is forming a bearish pennant pattern.
Therefore, Brett price may remain under pressure in 2025, which will see it drop to $0.074, its November lows. On the positive side, the C&H pattern may push it higher, possibly to the all-time high of $0.2358, which is about 75% above the current level.
Bitcoin price action and bond market to be key
Whether these top crypto gainers in 2024 will rise in 2024 will likely depend on Bitcoin’s performance and the bond market. Altcoins like VIRTUAL, BRETT, and POPCAT often depend on Bitcoin. For example, most of them have retreated recently as Bitcoin price fell from $108,000 to $96,00.
The bond market will also be important because rising yields may draw investors from risky assets to high-yielding money market funds.
The post Should You Invest In Top Crypto Gainers of 2024? VIRTUAL, BRETT, POPCAT appeared first on CoinGape.