Wednesday, February 01, 2023
Cryptodesk
Subscribe
  • Market
    • Market News
    • Price Indexes
  • History
  • How it Works
  • 404 Page
  • What is Bitcoin?
  • Ethereum 101
    Home / Blockchain / UK 3rd for ETH ownership as crypto adoption grows 1% in December: Survey
BTC/USD
  • BTC/USD
  • XRP/USD
  • BCH/USD
  • EOS/USD
  • LTC/USD
  • TRX/USD
  • ADA/USD
  • XLM/USD
  • IOT/USD
  • ABC/USD
  • NEO/USD
  • XMR/USD
  • DASH/USD
  • XEM/USD
  • QTUM/USD
  • BCN/USD
  • ICX/USD
  • ZEC/USD
  • LSK/USD
  • IOST/USD
Low
High
Marketcap
Blockchain Business
January 18, 2022
Share this:
  • Facebook
  • Twitter
  • Google Plus
  • Pinterest
  • Email to a Friend

UK 3rd for ETH ownership as crypto adoption grows 1% in December: Survey

Spread the love

Per a December survey conducted by Finder.com, the U.K. held third place worldwide in adoption rankings for Ether, while overall cryptocurrency adoption crept up by 1%.

crypto strip 4

British crypto enthusiasts were busy consolidating and rebalancing during the last gasp of 2021. Finder.com surveyed 2,013 internet users in the United Kingdom in December 2021 with varying results.

Since the last survey conducted in October 2021, U.K. crypto ownership crept up by 1 percentage point from 5.2% to 6.1%, while Ether (ETH) dominance continues to manifest.

Coming in at third place, just behind Singapore and Australia, the U.K.’s Ether ownership among crypto holders consolidated at 32.9%, with XRP the third-most widely held crypto, at 17.4%.

Curiously, interest across the 27 countries that Finder.com surveyed shows that the global average adoption rate for Ether decreased from 28.2% in October to 24.4% in December. U.K. ETH holders are holding the line, while the world’s ETH ownership declines.

There are no prizes for guessing the U.K.’s most popular cryptocurrency. Bitcoin (BTC) takes first place at 42.8%, but it is also showing weakness. While a 42.8% figure almost reflects the Bitcoin dominance ratio, it has plummeted from highs of 56.7%.

The overall cryptocurrency market dipped considerably in December, while analysts’ predictions missed the mark for a $100,000 BTC in 2021. The overriding crypto sentiment has been bearish since BTC first wicked to $42,000 in early December.

It appears the macro bearish trend is reflected in the U.K.’s crypto behavior. Some selling and portfolio rebalancing took place in the run-up to the new year. Bitcoin ownership dipped; Solana (SOL) climbed to 15% ownership; and Dogecoin (DOGE) made a 1% gain.

Curiously, Bitcoin ownership slipped across the board worldwide. Only one country saw an increase in its percentage of Bitcoin ownership from October to December, as Australia’s BTC dominance grew to 72.7%. It was also the country with the highest proportion of crypto owners holding Bitcoin worldwide.

Related: Bitcoin payments decline as other cryptocurrencies grow

In line with Cointelegraph’s reporting in October last year, emerging markets continue to show the strongest indicators of bubbling cryptocurrency adoption. Russia, Colombia, the Philippines and India were in the top five for growth in crypto

Previous Post
22-year-old Indonesian boy makes $1M by selling NFT selfies on OpenSea
Next Post
Fintech startup Milo is offering 30-year 'crypto-mortgages'

Leave a Reply - Cancel reply

Your email address will not be published. Required fields are marked (required)

Converter
ICO Calendar
Alkimi
August 11, 2021
Alkimi

The Alkimi Exchange is a decentralized advertising exchange built on the Constellation Network’s Hypergraph. Using the OpenRTB standards for programmatic advertising, Alkimi Exchange will host a media exchange auction in real-time on the Hypergraph by developing a hosted state channel, AlEx.

Starter
August 2, 2021
Starter

This IDO will be taking place on the Starter Multichain Launchpad and will be a Polygon IDO.

DeRace
August 1, 2021
DeRace

IDO: DeRace IDO is scheduled to launch at the end of July on DAO Maker.

View All ICOs
ADVERTISEMENT
ADVERTISEMENT
MOST READ
  • Ripple CTO lashes back at Vitalik Buterin for his dig on XRP
  • Crypto Cross Border Payments Are Approved in Russia: Report
  • Monster bull move’ means whales could secure the next Bitcoin price surge
  • 'Anything is possible' — John McAfee's former wife responds to faked death claims
  • $106M worth of Metaverse land sold last week: DappRadar
Latest
download 11 1
Blockchain
Polygon Announces Upcoming Hard Fork to Address Gas Spikes and Chain Reorganizations – Blockchain Bitcoin News
19 January, 2023
download 11
Blockchain
Polygon Announces Upcoming Hard Fork to Address Gas Spikes and Chain Reorganizations – Blockchain Bitcoin News
19 January, 2023
download 6
Blockchain Mining
Samsung investment arm to launch Bitcoin Futures ETF amid rising crypto interest
12 January, 2023
NEWSLETTER SIGN UP

Categories
  • Blockchain
  • Business
  • Interview
  • market update
  • Mining
  • News
  • Uncategorized
Calendar
January 2022
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31  
« Dec   Feb »
Cryptodesk
  • Write for Us
  • Privacy Policy
  • Contact
About

Founded in 2020, CryptoDesk is the leading independent digital media resource covering a wide range of news on blockchain technology, crypto assets, and emerging fintech trends. Every day, our team delivers the most accurate and up-to-date news from both the decentralized and centralized worlds.

Read More

Categories
  • Blockchain
  • Business
  • Interview
  • market update
  • Mining
  • News
  • Uncategorized
NEWSLETTER SIGN UP

ADVERTISEMENT
banner
Copyright © 2020 Cryptodesk. All Rights Reserved.

This is a demo store for testing purposes — no orders shall be fulfilled. Dismiss