According to Deep Tide TechFlow, on February 20, The Block reported that the latest report from cryptocurrency tax software platform CoinLedger shows that in 2024, the average profit for cryptocurrency investors is $5,482, a significant increase of 518% compared to $887.60 in 2023. This data is based on statistics from over 500 thousand users, 80% of whom are from the United States.
The report indicates that SUPER, HYPE, and Bitcoin contributed the largest unrealized gains. CoinLedger CEO David Kemmerer stated that the 2024 presidential election has driven digital asset enthusiasm to new heights. On the other hand, Ethereum is leading the decline due to increased competition from Solana, with ADA, POL, ATOM, and CRO ranking among the top five unrealized losses.