Ethereum Investors Survey Report

According to a survey of 114,000 BuyUcoin users, the majority of Ethereum investors in India are between the ages of 18 and 34, with Tamil Nadu having the largest investor percentage.

According to the survey, the age group of 25-34 years had the largest percentage of Ethereum investors at 36.04 percent, followed by 18-24 years at 29.36 percent, 35-44 years at 17.36 percent, and 45-54 years at 8.89 percent. Investors aged 55 to 64 made up 4.86 percent of the total, while those aged 65 and up made up 2.95 percent.

Tamil Nadu had the largest proportion of Ethereum investors, with 20.16 percent, followed by Maharashtra (15.83 percent), Karnataka (9.27 percent), Delhi (8.99 percent), and Uttar Pradesh (7.90 percent).

The world’s second-largest digital asset has increased by over 1,180 percent in the last year, according to cryptocurrency exchange BuyUcoin. Ether was trading at 165,299 at 3.40 p.m. IST on the exchange.

“Ether has witnessed massive sell-off or profit booking owing to the stellar rally along with other crypto assets. We can say that ether is in the accumulation phase and the smart money is buying it currently. We strongly believe that the cryptocurrency will touch a new all-time high in the next six to eight months,” says Shivam Thakral, chief executive officer, BuyUcoin.

According to CoinGecko, ether, which is based on the Ethereum blockchain, was trading 10% higher at $2,249.59 in the international market after moving in a broad range of $1,758.56-2,320.07 over the previous 24 hours. The digital asset is now down 48% from its all-time peak of $4,356.99 set on May 12th.

In terms of demographics, the survey revealed that Ethereum had the highest percentage of female investors among all cryptocurrencies, at 14 percent, representing a 780 percent increase over the previous year.

Following a stellar year, the cryptocurrency market has been severely impacted by derogatory remarks from Tesla CEO Elon Musk, a Chinese crackdown, and exorbitant valuations.

Source: LiveMint

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Crypto-Labs | By Anubha Singh