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 knowledge 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 modifications on buying and selling platforms.
Winners and Losers
In line with the report shared with CryptoPotato, SUPER, the native token of the blockchain gaming ecosystem SuperVerse, delivered the best unrealized positive factors for buyers. It was carefully adopted by Hyperliquid’s HYPE token, indicating rising curiosity in area of interest blockchain initiatives.
Information from CoinGecko reveals that SUPER peaked at about $2.18 in December 2024, having began the yr priced beneath $0.61. It’s presently buying and selling simply above $0.71, exhibiting a 36.2% drop throughout 12 months however a virtually 11% enchancment during the last 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 value on the time of writing was nonetheless virtually 30% beneath its highest-ever stage.
Different cash that made it into CoinLedger’s listing of high gainers embody Bitcoin (BTC), which has damaged a number of value information 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 Alternate Preferences
Concerning long-term holdings, the report confirmed that Bitcoin continues to be probably the most trusted retailer of worth, carrying the crown for the second yr operating. ETH, XRP, and ADA have been additionally fashionable decisions for long-term holders.
The survey additionally famous a marked shift in alternate choice amongst buyers. Coinbase and Crypto.com pushed apart Binance, which has been the best choice in earlier years, to turn into the 2 hottest exchanges amongst crypto buyers.
This transformation is most probably as a consequence 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 take care of an efficient anti-money laundering (AML) program.
The alternate’s co-founder, Changpeng Zhao (CZ), additionally served a four-month jail sentence for related violations and was compelled to step down from his function as CEO.
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