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.