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2024 Crypto Report: Bitcoin Stable, Ethereum Declines, Niche Tokens Rally

The median cryptocurrency investor saw their portfolio grow by $5,482 in 2024, according to a recent report by crypto tax and portfolio tracking platform CoinLedger. The study analyzed data from more than half a million users, highlighting key trends in the digital asset market, including top-performing tokens and the impact of regulatory changes on trading platforms. Winners and Losers According to the report shared with CryptoPotato , SUPER, the native token of the blockchain gaming ecosystem SuperVerse, delivered the highest unrealized gains for investors. It was closely followed by Hyperliquid’s HYPE token, indicating growing interest in niche blockchain projects. Data from CoinGecko shows that SUPER peaked at about $2.18 in December 2024, having started the year priced below $0.61. It is currently trading just above $0.71, showing a 36.2% drop across 12 months but a nearly 11% improvement over the last 24 hours. On its part, HYPE experienced rapid growth between November 29, when it launched, and December 22, when it hit an all-time high of $34.96. Although it registered a 4% uptick in the last 30 days, its price at the time of writing was still almost 30% below its highest-ever level. Other coins that made it into CoinLedger’s list of top gainers include Bitcoin (BTC), which has broken multiple price records in the last two months, Shiba Inu (SHIB), and Render (RENDER). On the flip side, the study shows that Ethereum (ETH) and Cardano (ADA) led the pack for the largest unrealized losses. CoinLedger’s analysts suggest that increased competition from blockchains like Solana may have contributed to Ethereum’s underperformance. Polygon’s MATIC, Cosmos (ATOM), and Cronos (CRO) also fared poorly. Holding Patterns and Exchange Preferences Regarding long-term holdings, the report confirmed that Bitcoin is still the most trusted store of value, carrying the crown for the second year running. ETH, XRP, and ADA were also popular choices for long-term holders. The survey also noted a marked shift in exchange preference among investors. Coinbase and Crypto.com pushed aside Binance, which has been the top choice in previous years, to become the two most popular exchanges among crypto investors. This change is most likely due to regulatory challenges Binance faced in multiple jurisdictions, including a $4.3 billion settlement with the U.S. Justice Department over accusations of conducting an unlicensed money-transmitting business and failing to maintain an effective anti-money laundering (AML) program. The exchange’s co-founder, Changpeng Zhao (CZ), also served a four-month prison sentence for similar violations and was forced to step down from his role as CEO. The post 2024 Crypto Report: Bitcoin Stable, Ethereum Declines, Niche Tokens Rally appeared first on CryptoPotato . crypto.news

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The United States Government Should Acquire 20% of the Bitcoin (BTC) Network, Says Michael Saylor – Here’s Why

Popular Bitcoin firebrand Michael Saylor believes the US government should acquire 20% of the BTC in existence. While speaking at the Conservative Political Action Conference (CPAC) this week, the Strategy executive chairman argued that BTC was digital property and an important tool for the US to “own cyberspace” in the future. “Right now you can literally buy it for a song and dance. That’s the opportunity. The risk is that you wouldn’t want the Saudis to buy it first, or the Russians or the Chinese or the Europeans. And there’s only room for one nation-state to buy up 20% of the network, and obviously, I think it should be the United States. I think it will be the United States. It’s a way for us to enrich ourselves and emerge as a creditor nation in a matter of a decade. It’s also a way for us to ensure that we’re the economic leaders in cyberspace.” Strategy (formerly known as MicroStrategy) owns the largest Bitcoin corporate treasury in the world , with 478,740 BTC worth around $46 billion at time of writing. Wyoming Senator Cynthia Lummis, a vocal crypto supporter, shared a clip of Saylor’s CPAC appearance on the social media platform X. “If all we do is address the sins of the past (the national debt) it’s worth doing. But there are many reasons to take a hard look at a Strategic Bitcoin Reserve.” At time of writing, Bitcoin is worth $96,264. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post The United States Government Should Acquire 20% of the Bitcoin (BTC) Network, Says Michael Saylor – Here’s Why appeared first on The Daily Hodl . crypto.news