Crypto Portfolio 2024: average investor records increase of $2,840

Apparently, the average investor’s crypto portfolio for 2024 should be increased by $2,804. This was revealed by CoinLedger, the tax software platform for the crypto sector, which also conducted research on other topics. 

Crypto Portfolio 2024: the $2,840 increase of the average investor and other statistics

Based on research conducted by CoinLedger, it seems that the average investor’s crypto portfolio for 2024 has increased by $2,804.

CoinLedger is a tax monitoring software platform for cryptocurrencies portfolios, which serves over 500,000 investors. This achievement on the crypto portfolio 2024 used proprietary data from its user base. 

His study also revealed other data regarding cryptocurrencies, such as which are the cryptocurrencies that have given investors the highest number of gains and unrealized losses, the most held cryptocurrencies, and which are the most used wallets and exchanges for holding cryptocurrencies. 

On this subject, on his X account, the last tweet published shows the ranking of the most important blockchains on CoinLedger:

“The most important blockchains on CoinLedger: 1. Ethereum 2. Solana 3. Bitcoin 4. Polygon 5. Binance Smart Chain (imports involve over 500,000 users)”

But let’s see the details of the study of the crypto tax software platform, capable of automatically calculating gains and losses. 

Crypto Portfolio 2024: which cryptocurrencies have given users the highest gains and losses

CoinLedger has compiled a ranking of the cryptocurrencies that have given investors the highest unrealized gains and losses.

Basically, Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) are the top earners in the crypto market. Just below them, we have Cardano (ADA), Polygon (MATIC), and Binance Coin (BNB).

Obviously BTC has surpassed its historical high this year, exceeding $73,000 on March 13th. It is worth noting the resilience of BNB which, despite the problems of Changpeng CZ Zhao at the end of November 2023, manages to maintain certain records. 

Speaking of losses, it seems that the crypto ranking sees Voyager token (VGX), Chainlink (LINK), and Terra (LUNA) on the podium. Also, Hedera (HBAR) and Tezos (XTZ) seem to be part of this category. 

In this case, VGX’s first place is justified by the failure of the crypto-exchange Voyager. 

Crypto Portfolio 2024: the most hodled cryptocurrencies and the most popular wallets and exchanges

Continuing with the specific topics of the crypto portfolio 2024, CoinLedger has managed to classify which are the most held cryptocurrencies. These cryptos represent the assets on which investors focus on the long term. 

Bitcoin, BNB, and Ethereum climb the podium, just like the ranking of the cryptocurrencies with the highest gains, although distributed in a different way. 

Following, there are ADA, LINK and Algorand (ALGO), MATIC, SOL, Fantom and Polkadot (DOT). 

In the top 5 of the most popular wallets and therefore most used for “holding” their crypto there are: Metamask, Ledger, Coinbase, Trust and Phantom. 

In this case, MetaMask is the first wallet overall but also for the DeFi category. Ledger becomes the first in the ranking among hardware wallets. 

Looking at the choice of investors on which crypto-exchange to use to hold their crypto, even in the long term, on the podium there are Binance, Coinbase and Kucoin. 

Right below the podium but within the top 10 exchanges there are also Crypto.com, Binance.US, Kraken, Gemini, Uphold, MEXC and Bybit. 

The study on cryptocurrencies as payment methods

At the beginning of October 2023, CoinLedger had conducted a survey, revealing which sectors incorporate cryptocurrencies as a preferred payment option.

The sector that welcomes cryptocurrencies as a payment method the most is ecommerce, with 60 companies involved. In second place, there is Food&Dining, with 54 companies accepting cryptocurrencies and, in third place, there is Luxury Retail with another 35 adopting companies.

Right below the podium, then, there is the Travel and Hospitality sector in fourth place, followed by Internet and Services in fifth.