JAKARTA – 2024 is an encouraging year for crypto investors and traders around the world, including crypto investors in Indonesia. Various crypto assets experienced a significant increase led by the largest and first crypto assets in the world, namely Bitcoin (BTC) which was able to penetrate the psychological price of importance at IDR 1 billion in December 2024.
In addition to BTC, crypto assets that fall into the altcoin category have also increased, especially in emerging sectors, including artificial intelligence (AI) to Meme tokens.
Timothius Martin, Chief Marketing Officer, said that his internal data showed that year-on-year (YoY) January 2024 – January 2025, total volume trading at the DOOR increased rapidly by more than 150 percent with Monthly Trading User (MTU) also increasing by more than 100 percent.
“The main tokens that are the choice of the PINTU user in that period are AI tokens with an increase in trading volume of more than 1,200 percent, followed by Meme tokens which rose by 230 percent,” said Timotius, in his statement, Tuesday, February 11.
Overall, the crypto industry has experienced a significant increase. Crypto Industry Annual Report data from CoinGecko shows that the total crypto market capitalization in 2024 rose 97.7 percent, or reached 3.40 trillion US dollars at the close of the fourth quarter of 2024. The increase in market capitalization was also reflected in the increase in the average trading volume in the fourth quarter of 2024, which rose 128.2 percent from the third quarter of 2024 of US$88.0 billion to US$200.7 billion.
The increase in the volume of crypto transactions globally is also driven by the dynamics of the global economy and politics in America, especially the election of the 47th President of the United States (US) Donald Trump, which is projected to be more friendly to the crypto industry.
Some of the policies that stole attention were that Trump appointed pro-crypto figures such as Elon Musk to his government. In addition, there are proposals to form a strategic national bitcoin reserve or Bitcoin strategic reserve. These various pro-crypto proposals and policies encourage an increase in the prices of crypto assets.
Still in the CoinGecko Report, several narratives of crypto assets that have increased significantly and become leaders in 2024 are crypto AI, where the average of a total of 10 tokens with the largest market capitalization is able to provide Return of Investment (ROI) of up to 2.940 percent. Followed by the Meme sector which gives the average ROI until the end of 2024 of 2.185 percent.
“AI tokens are becoming leaders in the crypto industry because there are many supporting factors that increase investor attraction. The first is from technological innovations offered such as ChatGPT, to the emergence of competitors DeepSeek that rocked the AI industry. Another AI innovation, namely the AI Agent, is an artificial intelligence system that operates independently and can carry out many certain tasks as well as being a game-changer in this industry,” said Timo.
Timo added that although the AI narrative is growing rapidly, Meme tokens are also still getting great attention from communities such as Dogecoin tokens which rose 255 percent and Popcat rose to 9.954 percent in the last 12 months.
“The narrative of the Meme token and its increase cannot be separated from the dominance of the Solana token ecosystem (SOL). Citing the CoinGecko report, SOL transactions increased in the fourth quarter of 2024 to 152 percent with a trading volume of 219 billion US dollars ahead of Ethereum in the range of 184.3 billion US dollars,” he explained.
In terms of crypto trading in Indonesia, it also recorded a positive increase. The Commodity Futures Trading Futures Supervisory Agency (CoFTRA) noted that crypto transactions in Indonesia increased significantly by around 335.91 percent from 2023 to 2024 or a transaction value of IDR 650.61 trillion.
“In the midst of an increase in all lines of the crypto industry and the positive growth potential of the crypto market, we urge investors to remain wise in investing in crypto and implement the right strategy in order to maximize the development of its portfolio value. Various crypto narratives such as AI tokens or Meme tokens even though last year experienced a rapid increase, of course, there are many notes that need to be considered, such as whether the utility of the project is strong and innovative, to how the community supports the project. Crypto investment has a high risk, it is important for all of us to regulate existing risks,” Timo concluded.
Crypto asset investment is an instrument that is at high risk with asset value that can fluctuate significantly over time. It is important to study and conduct in-depth research, use cold money, and avoid Fear of Missing Out (FOMO). Make sure to invest in official licensed platforms such as the DOOR application.
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