coinquora.com
- Singapore crypto holders are more likely to shift to Ether ($ETH).
- A survey found that $ETH is the most popular crypto in Singapore.
A survey published on Monday says that Singapore crypto holders are more likely to shift to Ether ($ETH). According to the crypto poll, more than a third of Singapore citizens who don’t have cryptos plan to invest in digital assets next year.
The report says that Ether ($ETH), the native token of Ethereum, is the most popular crypto in Singapore.
As per crypto exchange Gemini, nearly four-fifths of crypto investors (78%) own $ETH compared to 69% who hold Bitcoin. Surprisingly, Cardano is third with 40%.
A survey of over 4,000 adults carried from June 29 to July 9 found that 67% of participants with personal investments have crypto in their portfolio. Aside from these, two-thirds of the crypto owners grew their crypto holdings during the pandemic.
According to a survey by Australia’s Toluna, a consumer insights provider, most Singaporeans are optimistic about cryptos, despite their age. However, the country has a younger population, adopting cryptos in mass, thanks to pro-crypto regulation.
Another survey conducted in May, which had around 1,000 people, showed that 93% of all Singaporeans had heard of crypto. More so, 43% owned it. Among holders, 66% are young. Also, the survey found that more citizens plan to buy as they believe that crypto will reach a mass adoption soon.