According to a new survey, while there are over 18,000 cryptocurrencies as of 2022, just a few remain market favorites. Bakkt, a Bitcoin and crypto marketplace and custodian performed a survey to determine the extent of female engagement in the crypto market.

Bitcoin, Ethereum, and Dogecoin are the most popular crypto assets

The poll results, which included over 1,000 US customers, revealed some significant insights into the crypto market’s rising tendencies. The study, titled “Women and Crypto,” discovered that women were adopting crypto assets faster than men.

While men are more likely to be early adopters, women are more likely to be first-time buyers. According to the poll, 38 percent of women and 30 percent of men made their first crypto buy in six months. In the past year, 71 percent of women were first-time buyers, compared to 60 percent of men.

The survey also looked into how these investors handled their coins. According to the study, men were more likely to own a greater variety of crypto assets. The top three coins owned by both men and women in the survey were Bitcoin (BTC), Ether (ETH), and Dogecoin (DOGE).

According to Nancy Gordon, the findings of the study were highly encouraging for women’s crypto asset adoption, chief product officer of Bakkt’s Loyalty & Rewards division.

“Despite recent crypto volatility, women’s crypto adoption is on the rise, and it’s encouraging to see that the obstacles to the entrance can be overcome via education,” Gordon added.

She points out that “gifting and redeeming loyalty points” were popular methods of obtaining crypto assets. She went on to say that these strategies have the potential to expand the crypto market’s inclusion and accessibility, regardless of gender or financial level.

Important Points to Remember

• Bakkt has compiled a list of the three most popular cryptocurrencies in the United States.
• Bitcoin & Ethereum are at the top of the heap.
• As a memecoin, Dogecoin is currently preferred over Shiba Inu.

Also, read – Women are Investing in Blockchain and Cryptocurrency

Women have risen in the blockchain industry’s leadership ranks. Marie Wieck and Amber Baldet, respectively, have taken over as supervisors of IBM and JPMorgan Chase’s blockchain operations. Kaitlin Breitman, the co-founder of Tezos, is another prominent woman in the blockchain.

Women’s voices in the crypto asset industry have been amplified due to this. According to statistics, the number of women working in the blockchain area has risen to about 12% in just two years. Furthermore, women that work with blockchain are interested in attracting additional women to the technology. The fact that there is no pushback from the men is a plus.