CoinLedger: Bitcoin leads unrealized gains across crypto portfolios
A CoinLedger study discovered that cryptocurrency portfolios increased in value by an average of $2,804 this year as the industry raced toward its previous 2021 peak.
The crypto tax and portfolio management software provider analyzed a database of over 500,000 investors to map out popular tokens and solutions being leveraged amid a bull run underpinned by institutional interest and retail demand.
According to CoinLedger, users hold the most unrealized gains primarily in crypto’s top two digital assets: Bitcoin (BTC) and Ethereum (ETH). The two tokens have grown over 57% and 45% year-to-date (YTD) per TradingView.
Cryptocurrencies like Solana (SOL), Cardano (ADA), Polygon (MATIC), and BNB also ranked among the top six tokens for unrealized gains in 2024. SOL has recently enjoyed a renaissance thanks to liquidity flowing into meme coins on Solana’s ecosystem. BTC, ETH, and BNB are also the longest-held cryptocurrencies by investors.
The native token of the bankrupt Voyager exchange (VGX) held the top spot for crypto’s largest losses. VGX has lost over 19% YTD. CoinLedger analysts added that other digital currencies with considerable losses in 2024 include Chainlink (LINK), Luna (LUNC), Hedera (HBAR), and Tezos (XTZ).
Leave a Reply