Aug 17, 2021 11:28 UTC
Aug 17, 2021 at 11:28 UTC
A new study shows that ethereum is the most well liked cryptocurrency among over 4,000 adults surveyed in Singapore. The second-most standard crypto is bitcoin, followed by cardano.
Singapore-Based Crypto Investors like Ethereum, Bitcoin, Cardano
The new 2021 State of Crypto in Singapore, a joint study by Seedly, Gemini, and Coinmarketcap, was revealed Mon. It contains a survey of 4,348 Singapore-based adults ages eighteen to sixty five across variable house incomes.
The survey was conducted between June 29 and July 9. It enclosed 2,862 respondents who aforementioned they were current crypto holders and 1,486 respondents who aforementioned they were non-crypto holders. One in 5 crypto holders surveyed were females.
According to the survey results, 78% of respondents who had crypto aforementioned they in owned ethereum (ETH), 69% aforementioned bitcoin (BTC), 40% aforementioned cardano (ADA), 31% aforementioned binance coin (BNB), and 25% aforementioned XRP. The report describes:
“Of the 2,862 crypto holders, 2,236 of them are presently holding on to ETH. BTC is the second most well liked cryptocurrency, with 1,975 of the crypto holders holding on to that. Coming back in third and fourth are ADA and BNB , held by 1,141 and 893 investors severally.
The report notes: “With ETH, BTC and ADA being the foremost standard cryptocurrencies across each genders, females truly hold and trade XRP and DOT [polkadot] over their male counterparts. USDT [tether], on the other hand, is an additional standard among male crypto holders.”
Crypto investors additionally disclosed however they were laid low with the Covid-19 pandemic. The report notes, “Out of 2,862 those who endowed in crypto, a common fraction of them endowed additional into crypto thanks to the Covid-19 pandemic.” The report adds, “The Covid-19 pandemic has spurred additional Singaporeans to take a position in crypto.”