Nearly a quarter of young, new crypto investors are actively investing in meme cryptocurrencies like Dogecoin, according to a survey by Gamblers Pick.
The "meme" sector, as CryptoSlate data shows, accounts for more than 3.43% of the entire crypto market capitalization and is worth over $70 billion at press time.
NFT lost its "charm"
The low interest in the NFT is consistent with the overall industry decline. Recent data shows that the NFT price is falling across the board and there are fewer buyers.
- High performance: Can handle 1.4 million orders per second.
- Multi-language support: Support Chinese, English, Japanese and Korean, Russian and Spanish.
- High liquidity: Provides a number of cryptocurrency pairs with extremely high liquidity.
Choose meme, choose Dogecoin
The study asked 872 people about their investment strategies to explore how different age groups invest in the financial markets.
Overall, a quarter of respondents admitted to investing regularly and said it was a relatively common activity among them, and only 12% said they rarely do it.
