The median cryptocurrency investor noticed their portfolio develop by $5,482 in 2024, in response to a latest report by crypto tax and portfolio monitoring platform CoinLedger.
The examine analyzed information from greater than half one million customers, highlighting key tendencies within the digital asset market, together with top-performing tokens and the affect of regulatory adjustments 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 very best unrealized features for buyers. It was carefully adopted by Hyperliquid’s HYPE token, indicating rising curiosity in area of interest blockchain tasks.
Knowledge from CoinGecko reveals 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 over the past 24 hours.
On its half, HYPE skilled speedy development 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 worth on the time of writing was nonetheless nearly 30% beneath its highest-ever degree.
Different cash that made it into CoinLedger’s listing of prime 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 facet, the examine reveals that Ethereum (ETH) and Cardano (ADA) led the pack for the biggest unrealized losses. CoinLedger’s analysts recommend that elevated competitors from blockchains like Solana might have contributed to Ethereum’s underperformance. Polygon’s MATIC, Cosmos (ATOM), and Cronos (CRO) additionally fared poorly.
Holding Patterns and Trade Preferences
Relating to long-term holdings, the report confirmed that Bitcoin continues to be essentially the most trusted retailer of worth, carrying the crown for the second yr operating. ETH, XRP, and ADA had been additionally widespread decisions for long-term holders.
The survey additionally famous a marked shift in change choice amongst buyers. 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 buyers.
This transformation is most definitely resulting from 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 related violations and was pressured to step down from his function as CEO.
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