mephentis
@mephentis
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Interesting report from Coinswitch, on how India invests in crypto.
It's clear now that India’s crypto market is booming, driven by Delhi-NCR, which leads investments with nearly double the activity of Bengaluru, followed by Mumbai, Hyderabad, and emerging cities like Jaipur, Patna, Ludhiana, and Surat. Delhi investors prefer bluechip and large-cap cryptos, while smaller cities diversify into small caps.
On the asset front, BTC and ETH dominate portfolios, but India's growing love for meme coins is striking, with $DOGE leading at 55% of meme coin investments. $PEPE emerged as the year’s star performer with a staggering 1373% gain, followed by $BONK and others. L1 tokens continue to attract the most interest, making up 37% of investments, while meme and gaming tokens are gaining significant traction.
https://www.thehindubusinessline.com/money-and-banking/cryptocurrency/delhi-and-bengaluru-lead-in-indias-crypto-investments-as-bitcoin-crosses-100000-in-2024/article68995671.ece 0 reply
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