According to a study released on Monday, Ether is the
most popular cryptocurrency in Singapore.
- According to a study conducted by crypto exchange
Gemini, finance platform Seedly, and information source CoinMarketCap, almost
four-fifths of crypto investors (78%) own ether, compared to 69% who own
bitcoin. Cardano came in third place with 40% of the vote.
- 67% of respondents with personal investments had
crypto in their portfolio, and two-thirds of crypto investors boosted their
digital-asset holdings during the epidemic, according to the poll of nearly
4,000 people conducted June 29-July 9.
- More than two-thirds of people who haven't invested
in crypto cite a lack of understanding as the reason. The decision was also
influenced by the perception of market instability.
- Despite this, 34% of non-crypto owners indicated they
want to join the market over the next 12 months.
- Decentralized finance was the most intriguing feature
of crypto for all respondents, followed by crypto as an inflation hedge and
non-fungible tokens.
- According to the study, over 80% of crypto owners in
Singapore are males under the age of 34.
- The median income of women whoa hold cryptocurrency is
greater than that of males.
- While 64% of all crypto investors have more than 5%
of their portfolio in digital assets, one-fifth of those aged 18-24 have more
than half of their investments in digital assets.
- Because of its advantageous regulatory environment, Singapore is quickly becoming Asia's crypto center.
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