A new study shows that ethereum is the most popular cryptocurrency among more than 4,000 adults surveyed in Singapore. The second-most popular crypto is bitcoin, followed by cardano.
Singapore-Based Crypto Investors Prefer Ethereum, Bitcoin, Cardano
The new 2021 State of Crypto in Singapore, a joint study by Seedly, Gemini, and Coinmarketcap, was published Monday. It contains a survey of 4,348 Singapore-based adults ages 18 to 65 across varying household incomes.
The survey was conducted between June 29 and July 9. It included 2,862 respondents who said they were current crypto holders and 1,486 respondents who said they were non-crypto holders. One in five crypto holders surveyed were women.
According to the survey results, 78% of respondents who had crypto said they owned ethereum (ETH), 69% said bitcoin (BTC), 40% said cardano (ADA), 31% said binance coin (BNB), and 25% said XRP. The report describes:
Of the 2,862 crypto holders, 2,236 of them are currently holding on to ETH. BTC is the second most popular cryptocurrency, with 1,975 of the crypto holders holding on to it. Coming in third and fourth are ADA and BNB , held by 1,141 and 893 investors respectively.
The report notes: “With ETH, BTC and ADA being the most popular cryptocurrencies across both genders, females actually hold and trade XRP and DOT [polkadot] more than their male counterparts. USDT [tether], on the other hand, is more popular among male crypto holders.”
Crypto investors also revealed how they were affected by the Covid-19 pandemic. The report notes, “Out of 2,862 people who invested in crypto, two-thirds of them invested more into crypto because of the Covid-19 pandemic.” The report adds, “The Covid-19 pandemic has spurred more Singaporeans to invest in crypto.”
What do you think about this study? Let us know in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
A brand new examine reveals that ethereum is the most well-liked cryptocurrency amongst greater than 4,000 adults surveyed in Singapore. The second-most common crypto is bitcoin, adopted by cardano.
Singapore-Primarily based Crypto Traders Desire Ethereum, Bitcoin, Cardano
The brand new 2021 State of Crypto in Singapore, a joint examine by Seedly, Gemini, and Coinmarketcap, was revealed Monday. It accommodates a survey of 4,348 Singapore-based adults ages 18 to 65 throughout various family incomes.
The survey was performed between June 29 and July 9. It included 2,862 respondents who stated they had been present crypto holders and 1,486 respondents who stated they had been non-crypto holders. One in 5 crypto holders surveyed had been girls.
In keeping with the survey outcomes, 78% of respondents who had crypto stated they owned ethereum (ETH), 69% stated bitcoin (BTC), 40% stated cardano (ADA), 31% stated binance coin (BNB), and 25% stated XRP. The report describes:
Of the two,862 crypto holders, 2,236 of them are at present holding on to ETH. BTC is the second hottest cryptocurrency, with 1,975 of the crypto holders holding on to it. Coming in third and fourth are ADA and BNB , held by 1,141 and 893 traders respectively.
The report notes: “With ETH, BTC and ADA being the most well-liked cryptocurrencies throughout each genders, females truly maintain and commerce XRP and DOT [polkadot] greater than their male counterparts. USDT [tether], however, is extra common amongst male crypto holders.”
Crypto traders additionally revealed how they had been affected by the Covid-19 pandemic. The report notes, “Out of two,862 individuals who invested in crypto, two-thirds of them invested extra into crypto due to the Covid-19 pandemic.” The report provides, “The Covid-19 pandemic has spurred extra Singaporeans to put money into crypto.”
What do you consider this examine? Tell us within the feedback part beneath.
Picture Credit: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This text is for informational functions solely. It isn’t a direct supply or solicitation of a suggestion to purchase or promote, or a suggestion or endorsement of any merchandise, providers, or corporations. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, straight or not directly, for any harm or loss induced or alleged to be attributable to or in reference to using or reliance on any content material, items or providers talked about on this article.
