The median cryptocurrency investor noticed their portfolio develop by $5,482 in 2024, in accordance with a current report by crypto tax and portfolio monitoring platform CoinLedger.
The examine analyzed knowledge from greater than half 1,000,000 customers, highlighting key developments within the digital asset market, together with top-performing tokens and the affect of regulatory modifications on buying and selling platforms.
Winners and Losers
In keeping with the report shared with CryptoPotato, SUPER, the native token of the blockchain gaming ecosystem SuperVerse, delivered the best unrealized positive factors for traders. It was intently adopted by Hyperliquid’s HYPE token, indicating rising curiosity in area of interest blockchain initiatives.
Knowledge from CoinGecko exhibits that SUPER peaked at about $2.18 in December 2024, having began the yr priced beneath $0.61. It’s at the moment buying and selling simply above $0.71, displaying a 36.2% drop throughout 12 months however an almost 11% enchancment during the last 24 hours.
On its half, HYPE skilled speedy progress between November 29, when it launched, and December 22, when it hit an all-time excessive of $34.96. Though it registered a 4% uptick within the final 30 days, its value on the time of writing was nonetheless nearly 30% beneath its highest-ever degree.
Different cash that made it into CoinLedger’s checklist of high gainers embrace Bitcoin (BTC), which has damaged a number of price records within the final two months, Shiba Inu (SHIB), and Render (RENDER).
On the flip aspect, the examine exhibits that Ethereum (ETH) and Cardano (ADA) led the pack for the most important unrealized losses. CoinLedger’s analysts recommend that elevated competitors from blockchains like Solana could have contributed to Ethereum’s underperformance. Polygon’s MATIC, Cosmos (ATOM), and Cronos (CRO) additionally fared poorly.
Holding Patterns and Alternate Preferences
Relating to long-term holdings, the report confirmed that Bitcoin remains to be essentially the most trusted retailer of worth, carrying the crown for the second yr working. ETH, XRP, and ADA had been additionally common selections for long-term holders.
The survey additionally famous a marked shift in change desire amongst traders. Coinbase and Crypto.com pushed apart Binance, which has been the best choice in earlier years, to grow to be the 2 hottest exchanges amongst crypto traders.
This modification is most definitely on account of regulatory challenges Binance confronted in a number of jurisdictions, together with a $4.3 billion settlement with the U.S. Justice Division over accusations of conducting an unlicensed money-transmitting enterprise and failing to keep up an efficient anti-money laundering (AML) program.
The change’s co-founder, Changpeng Zhao (CZ), additionally served a four-month prison sentence for comparable violations and was compelled to step down from his position as CEO.
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