Over the years, the world of cryptocurrencies has been recognized as an area mainly populated by men. However, a large number of women have recently joined the ecosystem. The company CoinMarketCap (CMC) has proven this in its latest report on the trends of crypto users in the first quarter of 2020.
The CoinMarketCap website has been dedicated to monitoring prices and market data of the various cryptocurrencies listed on exchanges around the world since 2013. It is the most popular of its kind and has millions of registered users to date. Therefore, this document is dedicated to the presentation of aggregate statistics about them.
One of its sections describes the strong growth in user numbers by territory this year. Among the areas with more of this growth Argentina, Venezuela and Colombia are counted at rates of + 98.23%, + 80.23% and + 82.03%. each. Overall, the entire American continent (North and South) saw a 50.59% increase in female crypto adoption.
This record was only surpassed by Europe, with 58.55% in this type of growth thanks to the takeover in countries such as Greece (+ 163.67%), Romania (+ 145.09%) and Portugal (+ 89.95%) . During these months of the year, however, only the first two countries managed to exceed the Argentine rate.
The age group of these new users was again between 18 and 24 years. where an increase of 65% was seen. In fact, adolescent acceptance of cryptocurrencies generally also increased 46.04% this year, with the continents Oceania (+ 151.95%) and Africa (+ 91.47%) acting as protagonists. Countries where young people were most interested in cryptocurrencies include Spain (+ 120.71%), Mexico (+ 97.33%) and Colombia (+ 85.07%).
Other relevant data
The study also identified other trends in the crypto market this year. Not just because of the COVID 19 pandemicfell up to $ 3,900 in March, but almost all assets equally; probably because of panic.
Since then, however, the price has gradually recovered, in movements very similar to those of the gold market and the Standard & Poor’s 500 stock index.
On the other hand Some crypto assets have challenged the bear market and have remarkably positive percentages: Bitcoin Cash (10.48%), Bitcoin Satoshis Vision (76.0%), Tezos (20%), Chainlink (25.4%) and Unus Sed Leo (26.83%). According to the CMC, the first assets received the most attention and increased their market capitalization. This could be due to an effect before the halving of both currencies: investors may have expected price increases after the halving; Just as many are expecting Bitcoin this month.
Another important fact described in the report was a drastic decrease in traffic from users from China. This coincides with the date of the onset of the global pandemic, so it is believed that this is due to the Great Firewall (Golden Shield Project) applied in that country, through which the Ministry of Public Security (MPS) monitors and censors the content on the Internet.
In contrast, the United States, Germany, the United Kingdom, Russia and Vietnam positioned themselves as the areas with the highest user traffic to CMC. And despite the fact that several Latin American countries broke adoption records in the study, Colombia is the only 17th place in the list of the 25 busiest countries. Before him, only Spain reached number 13 and has climbed two more countries since the last check.
In any case, as the company emphasized, cryptocurrencies continue to be respected from different parts of the world.
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