Vietnam Crypto Market Report 2024: Key Insights and Trends

Vietnam has emerged as a significant player in the global cryptocurrency landscape, driven by innovative policies and enthusiastic participation from investors. The Vietnam Crypto Market Report 2024 provides a comprehensive overview of the market’s current state, key events, investor behaviors, and emerging trends. Below are the main highlights from the report, supported by visual aids to enhance understanding. For full report, kindly visit this link.

Market Highlights

  • Over 50% of Vietnamese crypto investors made profits in the past year, with a remarkable 93.5% optimistic about an altcoin season in 2025.
  • Four out of five investors participated in the memecoin trend, favoring ecosystems like Solana.
  • Investment decisions rely on friends referral, with 80% admitting such influences.

Vietnam’s Blockchain Developments

The Vietnamese government is drafting legal frameworks for managing digital assets, with a May 2025 deadline. The national strategies aim to position Vietnam as a blockchain hub by 2030, reflecting strong government commitment.

Investor Demographics and Behavior

  • Crypto investing remains male-dominated in Vietnam, with males comprising 80% of participants.
  • Young investors under 35 account for 75% of the market.
  • Popular information channels include DYOR (78.8%), events (63.3%), and advertisements (61.1%).

Trends in Investment Tools and Ecosystems

  • Centralized exchanges (CEXs) dominate with 74.4% preference, while decentralized methods like DEXs trail.
  • Spot and futures trading tools lead in popularity, reflecting an active investment mindset.
  • Solana surpassed Ethereum as the top ecosystem in Vietnam, with memecoins gaining significant traction.

Psychological Factors and Market Sentiment

  • Vietnamese investors show increased optimism, with a 10% rise in market confidence compared to last year.
  • A significant majority predict Bitcoin will exceed $120,000 by 2025, reflecting a strong belief in a bull cycle.
  • However, patience levels among investors have dropped, favoring short-term returns over long-term growth.

Notable Trends and Challenges

  • Emerging Trends: Artificial intelligence integration, SocialFi, and memecoins dominate investor interests.
  • Challenges: High reliance on social connections for investment decisions and declining patience levels could limit sustainable growth.

Conclusion

The Vietnam Crypto Market Report 2024 reveals a dynamic ecosystem shaped by innovative policies and enthusiastic participation. With strong government support and a vibrant investor base, Vietnam is poised to become a regional blockchain leader. However, addressing psychological biases and fostering long-term strategies remain crucial for sustainable development. Access the following link for the full report.