The median cryptocurrency investor noticed their portfolio develop by $5,482 in 2024, based on a latest report by crypto tax and portfolio monitoring platform CoinLedger.
The examine analyzed knowledge from greater than half 1,000,000 customers, highlighting key traits within the digital asset market, together with top-performing tokens and the influence 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 features for buyers. It was intently adopted by Hyperliquid’s HYPE token, indicating rising curiosity in area of interest blockchain tasks.
Information from CoinGecko reveals that SUPER peaked at about $2.18 in December 2024, having began the 12 months priced under $0.61. It’s at present buying and selling simply above $0.71, exhibiting a 36.2% drop throughout 12 months however an almost 11% enchancment over the past 24 hours.
On its half, HYPE skilled fast 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% under its highest-ever stage.
Different cash that made it into CoinLedger’s record of prime gainers embody 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 reveals 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 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 12 months operating. ETH, XRP, and ADA had been additionally well-liked selections for long-term holders.
The survey additionally famous a marked shift in trade choice amongst buyers. Coinbase and Crypto.com pushed apart Binance, which has been the best choice in earlier years, to change into the 2 hottest exchanges amongst crypto buyers.
This modification is most probably 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 trade’s co-founder, Changpeng Zhao (CZ), additionally served a four-month prison sentence for related violations and was compelled to step down from his function as CEO.
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