Smaller Cryptoassets in Demand As eToro Investors Seek Diversification

Smaller Cryptoassets in Demand As eToro Investors Seek Diversification


ADVERTISEMENT googletag.cmd.push(function() { googletag.display(‘dailyhodl.com_mpu’); }); OUR STORY                 DISCOVER CRYPTOCURRENCIES                  NEWS AND UPDATES Cardano overtakes Bitcoin as the most held crypto on eToro in Q2 Dogecoin rockets in popularity, becoming the fifth most held crypto Tron was the biggest mover in Q1

Retail investors are increasingly confident about the potential of cryptoassets, despite this quarter’s market correction, with new eToro data revealing increases in the numbers of crytoassets being held during the last quarter (Q2).

Perhaps surprisingly, Cardano’s ADA leapfrogged Bitcoin to become the most held crypto in the second quarter of 2021, seeing a 51% increase from the previous quarter. Bitcoin, which led the cryptoasset bull run at the start of the year, remained popular – seeing a 42% increase in demand – however, it was eclipsed by ADA and slipped from first to second place.

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Simon Peters, crypto market

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