2024 has proven to be a very profitable year for the average investor.
According to data recently released by CoinLedger, the platform’s data shows that the average cryptocurrency portfolio has grown significantly, with total gains to date reaching $2,804.
This significant growth contrasts with the small average realized gains of less than $1,000 observed in 2023.
Unrealized crypto gains reflect market resilience
According to data from CoinLedger, investors suffered an average loss of more than $7,000 in 2022, but in 2024 they witnessed a significant recovery. The increase in unrealized gains highlights the resilience of the cryptocurrency market.
Against the backdrop of these remarkable developments, CoinLedger CEO David Kemmerer expressed optimism about the industry’s trajectory. He emphasized the “booming” nature of the cryptocurrency market and attributed this recovery to the resurgence of cryptocurrencies such as Bitcoin and Ethereum. .
CoinLedger's insights come from its extensive user base, which includes more than 500,000 cryptocurrency investors around the world. The majority of these users are from the United States, with contributions from Australia, Canada, and other countries. CoinLedger's data provides a snapshot of market performance.
Key Trends and Observations
An analysis of the best performing assets among CoinLedger’s user base revealed that Bitcoin and Ethereum were the top performers, registering the largest increases in USD value, while Solana (SOL), Cardano (ADA), and Polygon (MATIC) rounded out the top five.
For context, Bitcoin and Ethereum have gained roughly over 50% since the beginning of the year, while SOL, ADA, and MATIC have only seen roughly 30% growth so far this year.
Interestingly, despite regulatory challenges and legal scrutiny, Binance’s BNB token remains a significant player, ranking sixth in terms of gains.
Additionally, a deeper look into investor behavior shows Bitcoin’s enduring popularity as the most held cryptocurrency by CoinLedger users. This trend is consistent with recent findings from CryptoQuant, which show that Bitcoin exchange reserves have now fallen to their lowest level since early 2021.
Data from CryptoQuant highlights this shift, revealing that over 90,700 Bitcoins have been withdrawn from major cryptocurrency exchanges over the past month.
This notable trend marks a decrease in the available supply of Bitcoin on these platforms, indicating a strategic shift among investors towards long-term asset holding strategies.
Investor behavior patterns regarding Bitcoin outflows from exchanges toward cold storage solutions may be influenced by a number of factors, including the steady rise in the value of digital assets, as well as anticipation of the upcoming Bitcoin halving event and the significant event of the U.S. approval of a spot Bitcoin exchange-traded fund (ETF). #加密货币 #投资组合
