Delhi Leads in Investment

Delhi Leads in Investment, Not Bitcoin, This Cryptocurrency Is Most Popular In India: Report

Delhi Leads in Investment Delhi, Bengaluru, and Mumbai are the three biggest metropolises in India, accounting for more than 36% of all cryptocurrency investments.

During the year that saw Bitcoin reach a record-breaking $100,000, Indian investors showed an increasing interest in meme coins. SHIB ranked first among the most exchanged coins, while Dogecoin was the most invested coin. According to a recent analysis, PEPE was the best-performing asset, rising by 1300% in 2024.

The third edition of India’s Crypto Portfolio 2024: How India Invests, the cryptocurrency trading platform CoinSwitch’s yearly investor report, was just released. The research shows India’s increasing interest in digital assets and delves deeply into the country’s diversified crypto ecosystem.

The survey claims that Delhi-NCR has maintained its status as the top contributor in 2024 by leading the way in cryptocurrency adoption for the third year in a row. Delhi Leads in Investment

Bengaluru, which came in second, had almost twice as much investment in the region as Mumbai, which came in second. Delhi’s portfolio remains mostly green, with 80% of its clients experiencing positive returns. Delhi Leads in Investment

According to the report, this ongoing leadership demonstrates Delhi-NCR’s developing status as a cryptocurrency investor hub, which reflects the nation’s rising acceptance and trust in digital assets. Delhi Leads in Investment

The worldwide crypto ecosystem has experienced significant growth in 2024 because to significant political and legislative reforms that have accelerated its mainstream expansion. Due to its increasing popularity, what was formerly confined in large metro areas is now swiftly spreading to Tier-2 and Tier-3 cities. According to Balaji Srihari, Vice President of CoinSwitch, “Indian investors are diversifying their portfolios and investigating everything from meme coins to Layer-1 and DeFi tokens, indicating an evolving appetite for crypto assets.”

With Bitcoin surpassing $100,000 to end the year, Srihari continued, it paves the way for an exciting growth trajectory in 2025. Srihari continued, “We have no doubt that the upcoming year will build on the achievements of 2024 and propel the industry to new heights.” Delhi Leads in Investment

The following trends in the cryptocurrency field for 2024 are also highlighted in the report: Delhi Leads in Investment

Trends in City-Wise Investments

Top 3 Cities: Delhi (20.1%), Bengaluru (9.6%), and Mumbai (6.5%) account for more than 36% of India’s cryptocurrency investments, which is a considerable rise over the previous year.

New Entrants: Kolkata and Botad (Gujarat) secured ninth and tenth place, respectively, marking their first appearances in the top 10 cities for crypto adoption.

Top Performer: With 86% of its investors experiencing good returns, Pune has the largest percentage of green portfolios among the top ten cities.

Emerging Cities: Strong adoption is being demonstrated by Tier 2 and Tier 3 cities like Jaipur, Lucknow, and Botad, indicating grassroots growth.

Adoption-Driven Demographics

Age Groups: The majority of cryptocurrency adoption is among those under 35, who make up about 75% of investors, although the 36–45 age group is gradually expanding.

Female Investors: Eleven percent of investors are women, highlighting a chance to improve diversity in the industry.

Preferences of Investors

With 7% and 6%, respectively, Bitcoin (BTC) and Ethereum (ETH) took second and third place in investor choices.

-At 13% of all cryptocurrency investments, meme coins are led by Dogecoin (55%), followed by PEPE and BONK.

The best-performing asset in 2024 was PEPE, which produced an incredible 1373% return, greatly outpacing Solana’s 633% return in 2023.

Trends in Market Cap and Tokens

Investor Focus: Due to their stability, Indian investors still favor large-cap and blue-chip coins.

Layer-1 Dominance: With 37% of investor interest, Layer-1 tokens were in the lead, while DeFi tokens held onto their second-place ranking of 17% for another year.

Diverse Interests: As investor behaviors changed, memes and gaming tokens also gained a lot of attention.

Trends in Trading

Busiest Months: In 2024, March and November were the busiest months for cryptocurrency trading.

Peak Activity: The most popular time to trade is still late at night (9:00–11:00 PM), especially on Mondays and Tuesdays.

frequently Asked Question

What cities lead in cryptocurrency investments in India?

Delhi, Bengaluru, and Mumbai are the top three cities, accounting for over 36% of all cryptocurrency investments in India. Delhi-NCR leads the rankings, maintaining its status as the top contributor in 2024.

Which cryptocurrency was the most popular in India in 2024?

In 2024, SHIB (Shiba Inu) was the most exchanged coin, and Dogecoin was the most invested cryptocurrency. Additionally, PEPE was the best-performing asset with a 1373% return.

How are Tier-2 and Tier-3 cities contributing to cryptocurrency adoption?

Tier-2 and Tier-3 cities, such as Jaipur, Lucknow, and Botad, have shown strong growth in cryptocurrency adoption, reflecting the increasing popularity of digital assets beyond metro areas.

What trends were observed in investor preferences in 2024?

Investors showed significant interest in Layer-1 tokens, which accounted for 37% of investments. Meme coins like Dogecoin, PEPE, and BONK also gained attention, while Bitcoin and Ethereum secured second and third places in overall investor choices.

What demographic groups are driving cryptocurrency adoption in India?

The majority of investors are under 35, making up 75% of the total. However, the 36–45 age group is also growing. Additionally, female investors represent 11% of the total, highlighting opportunities to increase diversity in the sector.

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