Singapore Crypto Holders Are More Likely to Shift to Ether (ETH)

A survey published on Monday says that Singapore crypto holders are more likely to shift to Ether (ETH). According to the crypto poll, more than a third of Singapore citizens who don’t have cryptos plan to invest in digital assets next year.

The report says that Ether (ETH), the native token of Ethereum, is the most popular crypto in Singapore.

As per crypto exchange Gemini, nearly four-fifths of crypto investors (78%) own ETH compared to 69% who hold Bitcoin. Surprisingly, Cardano is third with 40%.

A survey of over 4,000 adults carried from June 29 to July 9 found that 67% of participants with personal investments have crypto in their portfolio. Aside from these, two-thirds of the crypto owners grew their crypto holdings during the pandemic.

According to a survey by Australia’s Toluna, a consumer insights provider, most Singaporeans are optimistic about cryptos, despite their age. However, the country has a younger population, adopting cryptos in mass, thanks to pro-crypto regulation.

Another survey conducted in May, which had around 1,000 people, showed that 93% of all Singaporeans had heard of crypto. More so, 43% owned it. Among holders, 66% are young. Also, the survey found that more citizens plan to buy as they believe that crypto will reach a mass adoption soon.