CoinLedger found in a study that crypto portfolios have increased their value on average by $2804 over the past year, as they raced towards 2021’s previous peak.
Crypto Tax and Portfolio Management Software Provider analyzed A database of more than 500,000 investors will allow you to identify the most popular tokens, solutions and currencies that have been leveraged during a bull market driven by retail and institutional demand.
CoinLedger says that the unrealized gains are primarily held by users in Bitcoin and Ethereum (both digital currencies).BTCEthereum (ETH). According to TradingView the tokens grew by 57% and 45% year-to date (YTD).
Cryptocurrencies like Solana (SOL), Cardano (ADAPolygonMATIC( ) BNB Also ranked as one of the six top tokens in terms of unrealized gains by 2024. SOL’s recent renaissance is due to the liquidity that has flowed into Solana ecosystem meme coins. BTC, ETH and BNB have also been the most popular cryptocurrencies among investors.
The largest crypto losses were led by the native token (VGX), which was the token used on the now-bankrupt Voyager Exchange. VGX has lost over 19% YTD. CoinLedger analysts noted that Chainlink is among the digital currencies expected to suffer substantial losses in 2024.LINK), Luna (LUNC), Hedera (HBARTezos, and TezosXTZ).
Popular exchanges and wallets
Exchanges and wallets in crypto are tools used by almost every user. These solutions, whether centralized or decentralized, custody or non-custodial, allow users to interact with each other. trade digital assets.
CoinLedger’s reports were focused on central exchanges and non custodial wallets. Binance, for example, was revealed to be the most popular trading venue. Users preferred MetaMask as a crypto storage platform.
Binance was the most popular option for protecting digital assets. Coinbase, KuCoin and Crypto.com were also highly rated.
David Kemmerer of CoinLedger said this year saw a renewed interest in Bitcoins and cryptocurrency after the industry was greeted with increased skepticism in the wake of the major crashes that occurred in 2022.
Despite the fact that the bankruptcy of exchanges such as FTX or Voyager was a major blow, 2024 has seen investors make significant gains due to the resurgence in cryptocurrencies. It is now booming on the cryptocurrency markets.
David Kemmerer, CoinLedger CEO
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Source: crypto.news
