Crypto Trading Activity Peaks in March and November of 2024

Within investor rankings, Bitcoin (BTC) clinched the second position, claiming 7 per cent of market preference, while Ethereum (ETH) followed closely in third place with a 6 per cent share. Meme cryptocurrencies make up 13 per cent of the entire crypto investment sphere. Leading this whimsical category, Dogecoin boasts a majority with 55 per cent, with PEPE and BONK trailing behind.

The analysis highlighted that PEPE has surged by 1373 per cent, distinguishing itself as the top-performing asset in 2024, substantially eclipsing the 633 per cent gain Solana experienced in 2023. Additionally, the trend among Indian investors leans towards blue-chip and large-cap tokens, attributing their decision to the perceived reliability of these assets.

CoinSwitch has observed a surge in cryptocurrency investment throughout India, noting an expansion beyond leading metropolitan areas into second and third-tier cities.

“The year 2024 stands out as a monumental year for the international crypto market, propelled by significant political and regulatory developments hastening its widespread adoption. With Bitcoin’s value piercing the USD 100,000 threshold at the year’s end, we anticipate 2025 to be a period of compelling evolution and growth,” expressed Balaji Srihari, Vice President of CoinSwitch.

When it comes to demographic engagement, the under-35 segment is at the forefront of cryptocurrency adoption, making up roughly 75 per cent of the investment community. The demographic group between 36 to 45 years old is also observing growth in participation. It was observed that females represent 11 per cent of the total number of cryptocurrency investors.