Around 75 percent crypto investors are below the age of 35, says report

livemint.com:

massive spike of more than 160 percent. Other tokens such as Ethereum, Solana, Dogecoin and Cardano also were in the green, stated the second edition of CoinSwitch report, ‘India’s Crypto Portfolio 2023’. The report has shown a slew of interesting facts.

These include the following: A. Top three metros: Over 20 percent of total crypto investments are concentrated in the three major metropolitan areas: Delhi with 9 percent investment, Bangalore with 8 percent, and Mumbai with 5 percent. B.

Youth appeal: Cryptocurrencies have always struck a chord with young investors with 75 percent of investors below the age of 35. C. Popular currencies: Most popular cryptocurrencies based on their market cap are Dogecoin, Bitcoin, Ethereum, together contributing to 26 percent of the total value.

D. Highest performance: Solana was the best performing crypto, delivering 633 percent growth year to date. E.

Fairer sex: Only nine percent of crypto investors are women, while Delhi and Hyderabad make the highest contribution of women investors. Most of the investments comprising 52.8 percent are made in the top eight coins which include Bitcoin, Ethereum, BNB, Ripple, Dogecoin, Cardano, Polkadot and Solana. This is followed by DeFi tokens which constitute 17.6 percent of investment.

The DeFi tokens include Sushi, DIA, Yearn Finance, DFI Money and Republic Protocol. As far as individual tokens are concerned, the top five crypto tokens based on their market share include Dogecoin with 11.1 percent share, Bitcoin (8.5 percent), Ethereum (6.4 percent), Shiba Inu (5.7 percent) and Cardano (5.1 percent). Maximum number of crypto investors (40.19 percent) fall in the age group of 26-35.