Here Are The Five Most Popular Crypto Assets Among Indonesian Investors

Pepe coin (photo: DOOR)

JAKARTA - Based on the latest data from the Commodity Futures Trading Supervisory Agency (CoFTRA), the value of crypto asset transactions in Indonesia in July 2024 reached IDR 42.34 trillion.

This figure increased by 3.69 percent from the previous month which recorded a value of IDR 40.83 trillion. This increase strengthens Indonesia's position as one of the most dynamic crypto markets in the Southeast Asia region.

Based on data from the crypto exchange platform, Tokocrypto mentioned several crypto assets that are most in demand by Indonesian investors, including PEPE, USDT, Bitcoin (BTC), Ethereum (ETH) and Solana (SOL).

This phenomenon shows that the interest of Indonesian investors is not only focused on established crypto assets such as Bitcoin, but also on new, rising crypto assets such as PEPE.

"This trend is an indication that investors are getting smarter in making investment decisions, and are increasingly ready to face the growing dynamics of the crypto market," said Tokocrypto CEO Yudhono Rawis.

Yudho also reminded that behind this rapid growth, there are a number of challenges that need to be overcome, such as price volatility and risk of fraud.

Therefore, it is important for investors to always do in-depth research before deciding to invest in crypto assets.

"Overall, this development reflects the positive momentum for the crypto industry in Indonesia, with the potential for growth still very large in the future," concluded Yudho.