According to the results of a recent survey (partially sponsored by crypto exchange Gemini), Cardano’s ADA token is the third most popular crypto asset in Singapore.
According to the results of a recent survey (which was partially sponsored by crypto exchange Gemini), Cardano’s ADA token is the third most popular crypto asset in Singapore.
Gemini’s report “The State of Crypto in Singapore 2021” says the purpose of this survey is to find out what investors (with and without any crypto-assets) think of the crypto asset class in Singapore. The results are based on a Singapore-based survey of 4348 adults (aged 18 to 65). Of the 4348 respondents, 2862 were current crypto holders and 1486 were consumers who “may want to learn more or start investing in cryptocurrency.”
Here are a few interesting highlights from this report:
- 79.9% of crypto holders are male and 80.2% of crypto holders are under 34 years old.
- 34% of those who do not currently own crypto plan to buy some in the next 12 months.
- Female crypto holders seem to be risk-averse compared to their male counterparts; For example, 46% of investors with less than 5% of their total portfolio in crypto are female and 34% are male.
- The most popular eight crypto presence and percentage of investors who have them in the following way: Ethereum (78%), Bitcoin (69%), Cardano (40%), building Co. (31%), XRP (25%)), Tether (25% ), Polkadot (22%), and Chainlink (18%).
- 67% of crypto owners are investing more in crypto due to the COVID-19 pandemic, perhaps as a way to hedge against potential future high inflation.
- 68.8% of non-crypto owners say they don’t understand crypto as the main reason they don’t own any.
- 81% of crypto holders are HODLers (i.e. adopt a “buy and hold” strategy).
On the other hand, as reported by Decrypt, in March Voyager Digital published the results of its first Digital Asset Investor Sentiment Survey. US retail surveyed sensation among the most bullish investors evocative crypto money was Cardano’y (with 31.8% of votes); Bitcoin and Ethereum took second and third places.
Steve Ehrlich, CEO of Voyager Digital, said:
“This clearly demonstrates the enthusiasm of our user base for cryptocurrencies, both in terms of investment and trading… Of course everyone is talking about Bitcoin these days, but it was a real surprise for us to see Cardano get ahead of it.”