The increase in the interest of the cryptocurrencies is a necessary condition for further crypto adoption. Now, a report from CoinMarketCap has revealed the top countries with the highest increase in the number of users.
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What people are interested in the cryptocurrencies?
In the report, titled “Trends of the crypto market and user trends, according to CoinMarketCap (Edition Q1 2020)”, the web site offers us information on how it has worked the crypto market and what are the notable trends during the first quarter of the year. Therefore, the data analyzed come from their “data of market capitalization and patented and of the knowledge of the users of our base of users massive”. In this sense, CoinMarketCap look at what happened on the prices of the cryptocurrencies and the events that caused the collapse of the Black Thursday. But, in addition, studied the trends in the new users who have entered the crypto market.
Number of crypto women on the rise
In particular, the report of CoinMarketCap found that in the regions of America and Europe there was a growth of over 50% in the number of women in the crypto ecosystem. But, more interesting still, was an amazing growth of over 80% in the number of women that join the crypto market in countries such as Colombia, Venezuela, Romania and Greece. The data are interesting because the world of cryptocurrencies was previously listed as a territory mostly inhabited by men. However, it seems that as the crypto market grows, the trend is reversed. The territories of America which observed a significant increase in the number of users are Argentina, Venezuela and Colombia, with rates of +98,23%, +80,23% and +82,03%, respectively. In Europe, countries such as Romania, Greece and Portugal experienced a growth of 163,67%, 145,09% and 89,95%, respectively, stated the report of CoinMarketCap.
Young people take the crypto market
As well as the crypto market was previously considered as a territory mostly of men, was also defined by having little involvement of young people. Now, the report of CoinMarketCap seems to find all the trends are reversed. “In relation to the segment of young users (18 to 24 years), the continent of Oceania experienced the biggest jump percentage of 151.95%, followed by Africa with 91,47%,” the report says. Some of the major nations that found CoinMarketCap in your report with at least a 80% growth in number of users between 18 to 24 years are: Nigeria (+210,6%).Australia (+158,07%).Spain (+120,71).Canada (+112,45).Mexico (+97,33).UK (+91,48%).Colombia (+85,07).India (+83,07%).Pakistan (+81,79%).
What mean an increase in the interest of cryptocurrencies?
The main conclusion of the report is that these data reflect the evolution of the crypto market, although it is still in its infancy, continues on his path. “It is still too early to predict the role and fate of the cryptography, you could have a different meaning for different groups of people, depending on the economic climate and social in which they live,” the report says. The data tell us that the crypto market is still working like a magnet that attracts people from all corners of the world. Therefore, the report of CoinMarketCap shows us that the interest of the cryptocurrencies still latent.