Cardano Beats Bitcoin and Ethereum as the Most HODL’d Crypto Asset on eToro in Q2 2021 Increasing demand is seen for lower-priced coins as retail looks for cheaper alternatives with staking rewards allowing investors to reap the rewards for holding them long-term, further driving demand.Cardano, a popular coin among retail in 2021, remains the most held crypto by eToro US clients in Q2.It actually saw a 67% increase over Q1.ADA beats the top cryptocurrencies like Bitcoin ( BTC ), which had a 42% increase in demand but still slipped from its first place, and Ethereum ( ETH ) and popular meme coins like Dogecoin which have the backing of Tesla CEO Elon Musk.ADA 0.24% Cardano / USD ADAUSD $ 1.42 $0.000.24% Volume 1.45 b Change $0.00 Open $1.42 Circulating 31.95 b Market Cap 45.3 b 1 min US Congressman Buys Cardano (ADA), Dogecoin (DOGE), and Ethereum (ETH) 2 h Cardano Beats Bitcoin and Ethereum as the Most HODL’d Crypto Asset on eToro in Q2 2021 1 d Inflows Recorded Across Digital Assets for the First Time in 9 Weeks: CoinShares Report BTC 1.18% Bitcoin / USD BTCUSD $ 34,552.31 $407.721.18% Volume 26.41 b Change $407.72 Open $34,552.31 Circulating 18.75 m Market Cap 647.86 b 56 min SNX Leads the DeFi Bounce as Team Focuses on Layer 2 Developments and Evolution of ETH Wrapper 2 h Cardano Beats Bitcoin and Ethereum as the Most HODL’d Crypto Asset on eToro in Q2 2021 20 h Russian Ransomware Group, REvil, Attacks 200 Firms, Demands $70 Million in Bitcoin ETH 1.33% Ethereum / USD ETHUSD $ 2,341.30 $31.141.33% Volume 23.51 b Change $31.14 Open $2,341.30 Circulating 116.6 m Market Cap 272.99 b 1 min US Congressman Buys Cardano (ADA), Dogecoin (DOGE), and Ethereum (ETH) 22 min Is SOL Taking on Ethereum (ETH)? Solana-based Oracle Network Pyth Continues to Add Big Names 56 min SNX Leads the DeFi Bounce as Team Focuses on Layer 2 Developments and Evolution of ETH Wrapper DOGE is now the 2nd most held crypto by US users on eToro, according to the brokerage company.
DOGE -0.96% Dogecoin / USD DOGEUSD $ 0.23 $0.00-0.96% Volume 1.02 b Change $0.00 Open $0.23 Circulating 130.33 b Market Cap 30.15 b 1 min US Congressman Buys Cardano (ADA), Dogecoin (DOGE), and Ethereum (ETH) 2 h Cardano Beats Bitcoin and Ethereum as the Most HODL’d Crypto Asset on eToro in Q2 2021 2 d Jack Dorsey says “No” to ETH, but Twitter Shows Interest With its Free NFTs Displayed on Rarible Simon Peters, a crypto market analyst at eToro , said the use case potential for Cardano’s native ADA token provided attraction for investors.“During Q2, Cardano provided a clearer roadmap for its upcoming Alonzo hard fork – currently in a testing phase,” said Peters, who noted that, “If successful, it will bring smart contract functionality… for the first time on the Cardano blockchain.” Up more than 700% YTD, this jump in prices suggests investor optimism around “Cardano’s ability to challenge Ethereum long-term,” he added.Check out the most HODL’d cryptoassets on eToro in Q2 2021: [pic.twitter.com/uC2rsFRSn0] — eToro US (@eToroUS) [July 6, 2021] Ethereum , which has rallied 225% so far this year, also gained popularity with a 79% increase in investors holding the asset.
In Q2, smaller crypto assets like Tron ( TRX ) and Ethereum Classic ( ETC ) lead the charge, with the former seeing a 163% increase in global users holding the assets compared to Q1 and the latter having a 151% quarter on quarter rise.TRX 0.30% TRON / USD TRXUSD $ 0.07 $0.000.30% Volume 754.23 m Change $0.00 Open $0.07 Circulating 71.66 b Market Cap 4.66 b 2 h Cardano Beats Bitcoin and Ethereum as the Most HODL’d Crypto Asset on eToro in Q2 2021 1 w After Compound Finance, Now Coinbase is Offering Users 4% APY on USDC 1 mon Total Stablecoin Supply Surpasses $100 Billion; $70 Billion of it Issued Just This Year ETC -2.11% Ethereum Classic / USD ETCUSD $ 53.54 -$1.13-2.11% Volume 2.69 b Change -$1.13 Open $53.54 Circulating 116.31 m Market Cap 6.23 b 2 h Cardano Beats Bitcoin and Ethereum as the Most HODL’d Crypto Asset on eToro in Q2 2021 2 w 99% of Cryptocurrencies are ‘Overpriced’ per DCG’s Barry Silbert, But ETC Isn’t One of Them 1 mon In the Last Month, People Are More Interested In Trading Ethereum Than Bitcoin “Rather than focus solely on Bitcoin and Ether, where many investors can only own a fraction of a coin, we are seeing increasing demand for lower priced coins,” explained Peters.The market is basically looking for cheaper alternatives, which are priced around $1 with staking rewards allowing investors to reap the rewards for holding these assets long-term, further helping drive demand.Overall, the multi-asset investment platform revealed increases in the numbers of crypto assets held during the last quarter, suggesting increasing confidence among people in cryptocurrencies.
“Cryptoassets have had an exciting year, with big milestones achieved in terms of price movements and increased institutional investment signaling more adoption by the traditional financial services ecosystem.” He further noted that long-term fundamentals remain strong despite the volatility, and issues like energy usage continue to hit the market as the “emerging asset class continues to revolutionize many aspects of financial services.” Amidst this, eToro launched a “chip-tech” portfolio this week that comprises 35 companies that play varying roles in the semiconductor domain..
