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eToro Study: Ripple (XRP) Is the Most Popular Investment, New Male Investors Dominate Crypto Market
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Trading May 20, 2018 Daily Hodl Staff

eToro Study: Ripple (XRP) Is the Most Popular Investment, New Male Investors Dominate Crypto Market

 

A new study by social trading network and multi-asset brokerage company eToro reveals striking demographic data about the people jumping into the crypto market. Researchers looked at the public profiles of cryptocurrency investors according to age, gender and job sector, from March 2017 – February 2018.

Traders with little to no investment experience represent a stunning 81.96%. A paltry 7.38% of the data set identify as having advanced investment experience. Male investors dwarf female investors, 91.5% to 8.5%.

The data also reveals that the majority of investors, roughly 30%, are out of the job market (i.e. students, retirees, the unemployed). Of the professional workers, nearly an equal percentage are in sales and marketing versus computer and IT services, at 15.05 and 14.49% respectively. People working in the finance sector represent 8.48%.

Most popular investments by age

The study shows the most popular investments, according to age group. All groups mirror one another, except for 18-23 where Dash bests Ethereum Classic.

Coin rank for age range 18-23

  1. Ripple (XRP)
  2. Bitcoin (BTC)
  3. Ethereum (ETH)
  4. Litecoin (LTC)
  5. Dash (DASH)
  6. Stellar (XLM)
  7. Neo (NEO)

Coin rank for age range 24-35

  1. Ripple (XRP)
  2. Bitcoin (BTC)
  3. Ethereum (ETH)
  4. Litecoin (LTC)
  5. Ethereum Classic (ETC)
  6. Stellar (XLM)
  7. Neo (NEO)

Coin rank for range 36-54

  1. Ripple (XRP)
  2. Bitcoin (BTC)
  3. Ethereum (ETH)
  4. Litecoin (LTC)
  5. Ethereum Classic (ETC)
  6. Stellar (XLM)
  7. Neo (NEO)

Coin rank for age range 55+

  1. Ripple (XRP)
  2. Bitcoin (BTC)
  3. Ethereum (ETH)
  4. Litecoin (LTC)
  5. Ethereum Classic (ETC)
  6. Stellar (XLM)
  7. Neo (NEO)

The data also reveals that women strongly favor Ripple (XRP), while men’s portfolios are more diversified.


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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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Comments 8

  1. Avatar
    Cathy clement
    May 21, 2018

    I invested 0.8 btc with btctradefarm@gmail .com and i earned 1.4 btc within a week

  2. Avatar
    John B
    May 21, 2018

    XRP is the coin. Ripple is the company. XRP is decentralized, Ripple is centralized. Just WATCH THIS:

  3. Avatar
    Anthony Barker (@anthony_barker)
    May 21, 2018

    All it shows is eToro’s users don’t know anything about crypto.

  4. Avatar
    davidjones89
    May 21, 2018

    I’m long on XRP, it just has too strong of a use case to ignore. Banks saving 40-70% on costs while also drastically increasing speed and transparency? It’s a no-brainer.

  5. Avatar
    Isitsodifficult???
    May 21, 2018

    XRP not Ripple… Why doesn’t anyone get it??

  6. Avatar
    Shomuyiwa Idris
    May 20, 2018

    It not ripple…IT XRP

  7. Avatar
    Forthelasttime
    May 20, 2018

    It’s not ripple. It’s XRP. ripple is a company. XRP is a digital asset.

  8. Avatar
    Brett
    May 20, 2018

    Ripple is the best long term investment out of the top 10 coins. If banks start using XRP a few years from now (all they need is regulation to get in place), XRP will hit $10 or more.