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 research 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 impression of regulatory modifications on buying and selling platforms.
Winners and Losers
In response to 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 intently 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 12 months priced under $0.61. It’s at the moment 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 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% under 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 value data within the final two months, Shiba Inu (SHIB), and Render (RENDER).
On the flip facet, the research reveals that Ethereum (ETH) and Cardano (ADA) led the pack for the biggest unrealized losses. CoinLedger’s analysts counsel 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 Change Preferences
Relating to long-term holdings, the report confirmed that Bitcoin continues to be probably the most trusted retailer of worth, carrying the crown for the second 12 months working. ETH, XRP, and ADA have been additionally standard 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 develop into the 2 hottest exchanges amongst crypto buyers.
This variation is probably 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 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 position as CEO.
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