Dogecoin, Bitcoin most loved crypto among women; Here’s why

The globe has been gravitating toward cryptocurrency over the past few years. Meme cryptos such as Dogecoin [DOGE], Shiba Inu [SHIB], and Floki Inu [FLOKI] have risen to prominence. It has been repeatedly observed that males are more predisposed towards crypto. However, the crypto-verse appears to have attracted women as well.

According to a recent survey, the number of women investing in cryptocurrency is substantially greater than in previous years. Women were observed widening their horizons in the digital realm, from investing to pursuing a job in crypto.

According to BlockFi, a poll of 1,031 American women aged 18 to 65 was conducted. As per the survey, 24 percent of the participants held cryptocurrency. While this may appear to be a minor figure, the history of this statistic has been far higher.

The list of HODLers outnumbered those who sold their cryptocurrency by a wide margin. Despite the market sentiment, around 70 percent of respondents preferred to keep their investments.

Learning about cryptocurrency might be a difficult undertaking. However, doing your own research [DYOR] is just as crucial as making investments. According to the poll, around 45 percent of women were aware of how to purchase cryptocurrency. These figures have more than doubled just six months ago when they were only 23 percent.

The crypto-verse is much more than just buying and trading cryptocurrency. For many, generating additional money by mining or staking, and even earning interest in the process, remained an unexplored territory. Only 75 percent of cryptocurrency owners had taken advantage of these capabilities.

Women prefer Dogecoin over Ethereum

Bitcoin [BTC] is a widely sought-after digital asset for men, women, and people of all genders. According to the report, 71 percent of those polled were in possession of Bitcoin.

Ethereum is generally the second most bought cryptocurrency after Bitcoin. Surprisingly, the women who participated in the study were strongly in favor of Dogecoin. Dogecoin was purchased by around 42 percent of them.

Ethereum was also included on the list. However, just 18 percent had acquired the second-largest cryptocurrency by market capitalization.

This information gives light on the growing interest in meme coins. Dogecoin has a much lower value than Ethereum. However, that didn’t stop women from purchasing Dogecoin.

Crypto investments to surge in 2022?

Furthermore, with cryptocurrency use on the rise, one in every three women surveyed planned to buy cryptocurrency in 2022. This was followed by 60 percent of those wanting to buy cryptocurrency in the following three months.

It was even observed that cryptocurrency might assist women to achieve their financial goals. According to the study,

“One in five women surveyed believe crypto can help them reach their financial goals, both large and small – most commonly funding a vacation, retiring on time, or purchasing a home.”