CoinDCX data reveals India’s rising appetite for diversified digital assets

  • CoinDCX users now hold an average of five tokens, up from two to three previously.
  • Women investors doubled year on year with broader diversification trends.
  • Millennials remain the dominant user base as the average age rises to 32.

Indian crypto investors are showing a stronger preference for diversified digital asset portfolios, marking an early shift toward more deliberate and long-term allocation behaviour.

CoinDCX’s annual report, released on Thursday, suggests that the country’s retail investor base is gradually moving away from the idea that crypto is synonymous with Bitcoin, signalling broader maturity in market participation in 2025.

This trend reflects a market becoming more confident, curious, and willing to explore varied opportunities across the expanding digital ecosystem.

The exchange found that the average user now holds around five tokens, compared with two to three in 2022.

This steady expansion of holdings indicates a growing awareness of portfolio construction and a willingness to explore different parts of the crypto market beyond the most established assets.

Layer-1 tokens lead activity

CoinDCX reported that layer-1 assets accounted for 43.3% of portfolio volumes.

Bitcoin, priced at $93,133, held a 26.5% share of allocations. Memecoins made up 11.8% of user portfolios, showing that speculative interest remains a part of broader diversification trends.

According to the exchange, Indian traders have become increasingly comfortable navigating different digital asset categories as adoption widens across the country.

The report noted that crypto is emerging as a natural extension of the financial products already familiar to many users.

Millennials dominate participation

The platform’s user base is ageing upward, with the average trader now 32 years old. Millennials continue to make up the majority of users, outpacing Gen Z in adoption, though younger traders remain active.

Gen Z users, aged 18 to 24, tend to favour emerging narratives such as layer-2 ecosystems, memecoins, and non-fungible tokens. Their behaviour reflects a greater appetite for thematic or speculative sectors.

CoinDCX also saw its number of women investors double year on year. These users are diversifying beyond Bitcoin and Ether, priced at $3,183, into tokens such as Solana at $143.04 and Sui at $1.67.

Founded in 2018 and backed by Coinbase, CoinDCX is one of India’s largest crypto exchanges with more than 20 million registered users. It remains a key gateway for retail access to digital assets.

India shows wide but shallow adoption

CoinDCX noted that India continues to lead in early indicators of digital asset awareness, including mobile-first trading behaviour and high engagement across educational content on the platform.

These signals reflect strong nationwide interest in crypto as a financial category.

However, the exchange found that deeper, research-driven participation remains limited. Many users enter the market through popular assets or trending narratives rather than sustained ecosystem involvement.

As a result, the platform characterised India’s adoption as “wide” but not yet “deep”.

CoinDCX said the country is still in the early stages of its digital asset journey, leaving significant room for education, innovation, and long-term growth as user sophistication develops.

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Avalanche price jumps above $14 on rising onchain adoption; analysts see path to $9 or $35

  • Avalanche price jumped back above $14 as cryptocurrencies rose on Thursday.
  • Institutions accelerating onchain adoption and network momentum from November is key for bulls.
  • AVAX token’s value could surge to $35, but could also slip to $9 in the short term.

Avalanche (AVAX) price has rebounded to above $14, with the altcoin seeing gains amid robust on-chain metrics.

The latest report recounting key Avalanche milestones in November 2025 shows growing ecosystem adoption. Visible metrics include the number of transactions and the value of real-world assets onchain.

Gains for AVAX mirror broader altcoin market optimism that could gain momentum amid Ethereum’s breakout to above $3,200.

Investors and traders are also showing conviction despite overall market jitters.

Avalanche price gains

On December 4, 2025, the price of AVAX traded to a high of $14.95.

This 6% uptick sees AVAX up from a monthly low near $12.50, with 30-day losses currently down to 12%. Bulls have cut declines to just 1.5% in the past week.

November had seen Avalanche fall alongside top coins, driven by profit-taking after earlier highs.

Over the past week, the token has advanced to near the $15 mark, and intraday movements on December 4 highlight this momentum.

Meanwhile, trading volume has exceeded 554 million AVAX, suggesting improved liquidity and trader interest.

Technical upgrades and institutional inflows are two of AVAX’s top price catalysts.

Sustained network activity

Despite price declines over the past months, Avalanche’s network has demonstrated remarkable endurance. Details indicate that November marked a pinnacle of user engagement for the project.

AVAX treasury strategy moves also shone.

The C-Chain recorded 10.1 million monthly active addresses, which is its strongest performance of 2025. MAUs for the month surpassed October’s 9.2 million, and fueled a 22% year-over-year growth.

Key November achievements include Dexalot’s 400 million transactions on its Avalanche L1, MapleStory Universe’s 100 million transactions, and Kite AI’s 436 million transactions alongside 715 million agent calls.

Real-world assets (RWAs) tokenized on Avalanche ballooned to $1.2 billion, a 66% monthly jump. Meanwhile, Pharaoh Exchange generated $283,000 in fees from $200 million in daily volume.

Recent data shows daily transactions hitting a cycle high of 2.57 million on November 30, supported by 470,000 active addresses.

Institutional moves, like FIS Global’s $9 trillion loan platform launch, further cement this activity.

“As regulatory clarity improves and institutions accelerate onchain, Avalanche’s architecture, scalability, and ecosystem position it where innovation meets utility. The momentum from November sets the stage for continued growth. The infrastructure is ready, institutions are coming, and Avalanche is powering what’s next,” the Avalanche Team noted in the blog post.

Avalanche price outlook

Overall, AVAX’s price trajectory remains largely bullish long-term. However, analysts say bears may not be done yet, and a pullback is likely.

Per analyst Ali Martinez, the charts paint a broadening wedge pattern for Avalanche. While prices could spike to the key resistance line, a breakdown towards the support trendline could bring $9 into play.

“A right-angled ascending broadening wedge breakout puts Avalanche $AVAX on track for $9,” the analyst wrote.

On the other hand, a technical breakout could allow bulls to target $20. As momentum builds from current support, further gains could bring $35 into the bulls’ view.

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Cardano touches $0.43 again, but can ADA breakout this time?

  • Cardano price consolidates in the $0.43 region after double-digit gains in 24 hours.
  • ADA is near the middle point of a key downtrend channel.
  • With potential tailwinds in the offing, can ADA price see another leg up?

Cardano (ADA) remains the ninth-largest cryptocurrency by market capitalisation, with bulls keeping the token anchored above $0.40.

The latest rebound toward $0.43 after briefly slipping below that mark last week has revived optimism, reinforcing expectations of a potential push higher.

A decisive move above $0.50 will likely depend on broader market sentiment, continued strength in Bitcoin and renewed inflows into altcoins.

On the flip side, any deterioration in risk appetite or renewed selling pressure across majors could stall ADA’s momentum in the near term.

With the altcoin posting double-digit gains in the past 24 hours, traders are watching its intraday structure closely to gauge whether the current bounce can extend into a more convincing breakout.

Cardano price jumps above $0.43

In the early hours of December 3, 2025, ADA surged by more than 10%.

Most of these came within a 12-hour window that also saw Solana, Sui and Ethena rank as top gainers.

ADA climbed from an intraday low near $0.398 to a high of $0.446 on major exchanges.

Trading volume spiked by more than 67% compared to the previous 24-hour period, reaching over $1 billion.

Accompanied by price gains, this signalled renewed investor interest.

The recovery aligns with broader positive sentiment in the cryptocurrency market.

Fresh inflows into spot Bitcoin ETFs and growing institutional adoption narratives have added to macro expectations to buoy altcoins.

Increased bullish momentum could push the token’s value higher.

ADA price key hurdles: technical outlook

Despite the encouraging rebound, several technical obstacles remain before a sustainable bullish breakout can be confirmed.

On the daily timeframe, ADA continues to trade within a multi-month descending channel that began after the local top near $0.89 in October 2025.

The upper boundary of this channel currently sits around $0.465–$0.48.

Cardano price hovers below the middle point, and declines have coincided with the 50-day exponential moving average (EMA) , which is dipping.

This widely watched gauge of short-term trend currently has its resistance focused around $0.53.

Cardano Price Chart
Cardano price chart by TradingView

A decisive daily close above $0.48 would be required to invalidate the prevailing bearish structure.

If this happens, ADA will target the 50-EMA, with immediate resistance at $0.59 and the $0.68 zone.

The Relative Strength Index (RSI) on the daily chart has climbed up from oversold territory.

However, it remains below the neutral threshold, leaving room for uncertainty.

Yet, decisive action may benefit from the bullish momentum of the Moving Average Convergence Divergence indicator.

Bulls will mainly target that spot where the 50-day EMA and the upper trendline of the aforementioned channel show potential convergence.

On the flipside, a failure to hold $0.40 on a closing basis would expose ADA to a retest of $0.30.

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SUI rockets 30% on Coinbase regulatory breakthrough: will the Layer-1 hit new 2025 highs?

  • Sui pumped nearly 30% as bulls extended gains seen on December 2, 2025.
  • Coinbase announced that New York residents can now access Sui on the exchange.
  • SUI price hit intraday highs of $1.79 as the broader crypto market posted a rebound.

Sui (SUI) surged nearly 30% as cryptocurrencies showed renewed optimism on Wednesday, with a regulatory breakthrough that allows New York residents to buy Sui on Coinbase, bolstering the altcoin.

The sharp rally, which unfolded over the past 24 hours, pushed the layer-1 blockchain’s native token to an intraday high of $1.79, a level not seen since mid-November.

Earlier in the session, SUI had mirrored the broader cryptocurrency market’s weakness, dipping to lows of $1.38 amid profit-taking and macro uncertainty.

However, a swift reversal, fueled by renewed buying pressure and positive exchange-related developments, quickly erased those losses and turned sentiment bullish.

Sui price outpaces top altcoins- why did SUI explode 30%?

Sui’s near-30% intraday advance significantly outperformed most large-cap altcoins, many of which posted single-digit gains during the same period.

Bitcoin rose roughly 7% to highs of $93,000 before paring some of the gains, while Ethereum climbed 9% but remained tethered near $3,000. Elsewhere, Solana managed around 10% to above $140.

SUI’s pump signaled relative strength, with the latest leg higher extending momentum that began on December 2.

Notably, these gains come after Coinbase announced that New York residents can now purchase and hold Sui directly on the exchange and its mobile applications.

Trading volume across major centralized exchanges spiked in tandem with the price surge. Per CoinMarketCap, the token’s 24-hour volumes exceeded $1.85 billion, up about 202% on the day.

What’s the Sui price outlook

Notably, multiple catalysts could align to allow bulls to test key levels. That’s because analysts see several tailwinds that could propel SUI higher in the coming weeks and months.

At the macro level, the Fed’s rate decision and leadership a leading short-term catalysts.

Growing expectations of a more crypto-friendly regulatory environment in the US and spot ETFs, as well as treasury asset moves, also add to the upbeat mood.

On the fundamental front, Sui’s ecosystem continues to expand rapidly across high-growth verticals.

Gaming remains a standout sector, with major titles and studios migrating to Sui for its object-centric data model and sub-second finality. Total value locked in decentralized finance protocols on Sui has also climbed above $1.9 billion.

Also in the mix are real-world asset (RWA) tokenization initiatives, which have brought key institutional partnerships for tokenized treasuries and private credit to the blockchain network.

Traction in these segments provides Sui with diversified narrative drivers beyond pure speculation.

Sui Price Chart
Sui price chart by TradingView

A look at technical indicators supports the bullish thesis.

If bulls hold above $1.60 and risk appetite remains intact, a move to $2.20 will be next. The all-time high of $5.35 reached in January 2025 is a near-term target.

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Cayman Islands sees rising Web3 foundation activity

  • Cayman foundation registrations surge as Web3 projects seek safer, liability-shielded structures.
  • DAOs turn to Cayman models after US rulings raise risks for unwrapped decentralised organisations.
  • New OECD reporting rules take effect in 2026, but most DAO treasury foundations may remain exempt.

The Cayman Islands is recording a sharp rise in foundation company registrations as Web3 projects reassess where to base their legal entities.

New figures show a strong year-on-year jump in these registrations, signalling how the jurisdiction is becoming a preferred destination for decentralised projects seeking legal clarity.

The growth began gathering pace toward the end of 2024 and has already carried into 2025, with communities and developers looking for structures that can support expanding ecosystems.

The trend reflects how recent legal developments, particularly in the United States, are prompting DAOs and Web3 organisations to seek more predictable, liability-shielding frameworks.

DAO structure shifts

Foundation companies in the Cayman Islands are increasingly being used as legal wrappers for DAOs and as ecosystem stewards for major Web3 networks.

Registrations now include more than 1,300 entities at the end of 2024 and over 400 newly formed in 2025.

Cayman Finance reports that many leading Web3 projects have chosen the jurisdiction, including at least 17 foundations that oversee treasuries above the hundred-million threshold.

These entities allow DAOs to sign agreements, manage intellectual property, hire contributors, and interact with regulators without exposing tokenholders to personal liability.

The shift accelerated after the Samuels v. Lido DAO decision in 2024, where a US federal court found that an unwrapped DAO could be treated as a general partnership under California law.

This prompted many communities to reassess their structures.

The Cayman model provides separate legal personality and ownership capabilities that help plug this liability gap.

Add tax neutrality and a framework familiar to institutional allocators, and the jurisdiction becomes attractive to projects that need both compliance readiness and operational flexibility.

Global Web3 competition

Jurisdictions worldwide are trying to position themselves for the next wave of Web3 growth.

The US has made repeated political pledges about becoming a global crypto hub, particularly under President Donald Trump, yet only a few states explicitly recognise DAOs as legal persons.

This leaves many organisations navigating fragmented rules at the entity level.

Switzerland remains a major onshore centre for Web3 foundations, with the Crypto Valley region now hosting more than 1,700 active blockchain firms and recording growth of over 130% since 2020.

Foundations and associations have become an increasingly important part of this expansion, although projects continue to diversify their jurisdictional footprints in search of structures aligned with their long-term plans.

Compliance changes

The rise in Cayman-based Web3 foundations coincides with a major regulatory shift.

The Cayman Islands has implemented the Organisation for Economic Co-operation and Development’s Crypto-Asset Reporting Framework, with new Tax Information Authority regulations taking effect from January 1, 2026.

The framework brings due diligence and reporting requirements for “Reporting Crypto-Asset Service Providers,” covering entities that exchange crypto for fiat or other crypto, operate trading platforms, or provide custodial services.

These entities will need to collect tax-residence information from users, track specific transactions, and submit annual reports to the Tax Information Authority.

Legal professionals note that the rules are expected to apply only to service providers engaged in exchange or brokerage activity.

Structures that merely hold crypto assets, such as protocol treasuries, investment funds, or passive foundations, are likely to fall outside this reporting scope under the current interpretation.

This suggests that many DAO-related foundations that act purely as ecosystem stewards or treasury vehicles may continue to benefit from Cayman’s legal certainty without assuming full reporting duties, so long as they are not running exchange, brokerage, or custody operations.

As Web3 organisations mature and adapt to evolving compliance landscapes, the Cayman Islands appears set to remain a central node in the global distribution of decentralised governance structures.

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