Bitcoin (BTC) and Ethereum (ETH) secured the second and third spots in investor preferences with 7 per cent and 6 per cent, respectively. Meme coins represent 13 per cent of all crypto investments, with Dogecoin leading at 55 per cent, followed by PEPE and BONK.

The report said PEPE delivered a 1373 per cent return, emerging as the best-performing asset in 2024, far surpassing Solana’s 633 per cent return in 2023. Also, Indian investors continue to prefer blue-chip and large-cap tokens for their stability.

CoinSwitch pointed out that it has witnessed a spike in crypto investment across the country and what was once concentrated in major metros is now quickly expanding to tier-2 and tier-3 cities.

“2024 has been a huge year for the global…