Ethereum Is More Popular Than Bitcoin In Singapore!

In Singapore, Ethereum is more popular than Bitcoin. The leading cryptocurrency Bitcoin has lagged behind Ethereum.

Cryptocurrency exchange Gemini, founded by the brothers Cameron and Tyler Winklevoss, financial platform Seedly and information platform CoinmarketCap conducted a cryptocurrency survey in Singapore, one of the world's financial centers and richest countries.

Ethereum Ranked First In The Survey

In the survey conducted within the scope of questions asked to 4 thousand people, the most popular cryptocurrency was Ethereum, while Bitcoin took the second place. While 78 percent of crypto investors own Ethereum, second largest cryptocurrency in the market, this rate remains at 69 percent for Bitcoin. Cardano (ADA), the cryptocurrency of the last period, which has increased with the expected update, has become the third most purchased cryptocurrency with a rate of 40 percent. According to the survey conducted between 29 June and 9 July; 67% of respondents also keep cryptocurrencies in their investments. Two-thirds of this 67 percent stated that they increased their cryptocurrency investments during the pandemic period. Two-thirds of Singaporeans, who say they have never invested in cryptocurrencies, cited their ignorance as the reason. Market volatility was also counted among the fears.