Place/Date: Cyprus - June 15th, 2020 at 8:42 pm UTC · 4 min read
Contact: Anastasia Semenova, Source: 1xBit
According to data from CoinMarketCap, the biggest crypto data aggregator on the market, more and more users are showing an interest in digital assets. This interest was recorded in the youthful age demographic, as well as various regional demographics. Countries that saw the most user growth, in the first quarter of 2020, were India, Pakistan, Colombia, Canada, and Nigeria. The countries with the most female user growth are Greece and Romania.
The report published by CoinMarketCap analyzed the market and user trends surrounding cryptos for the first quarter of 2020. Data sourced for the report came from proprietary market capitalization data and user insights from CoinMarketCaps massive user base.
In addition to the trends and events that occurred around the coronavirus-induced March 12 market crash, CoinMarketCap identified two other trends that indicated positive developments for cryptos.
The first trend relates to growth in interest from female users of 43.24% on its platform, and the second trend recorded a 46.04% quarterly growth in interest for young adults (ages between 18 and 24).
A quote from the CoinMarketCap report reads:
“In relation to the youth user segment (aged 18-24), the continent of Oceania saw the biggest percentage jump of 151.95%, followed by Africa with 91.47%,”- was the observation made in the report.”
The top nine countries with a user growth of at least 80% were as follows:
These percentages represent the number of new users between the ages of 18 and 24 in the first quarter. The numbers are much higher compared to those of the previous quarter. from this quarter the number of women interested in cryptocurrency increased by 43%. Data from the first quarter also revealed that more female users have started to show interest in crypto as well:
“While we have consistently seen an increasing number of female users, this segment saw a particularly strong growth of 43.24% compared to the previous quarter. Within the female user segment, the Americas and European regions grew more than 50% in users.”
The nine countries with the highest growth in the female user sector in the first quarter compared to the previous one are:
CoinMarketCap also discovered that not only the youth is interested in digital assets, as it observed an increase of 41% in the number of users past the age of 65.
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Disclaimer 1xBit is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.