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Dec 7, 2021
Crashing Cryptocurrencies are Trending in Australia
Australians are talking about cryptocurrency crashes. A quarter of Aussie crypto investors hold Cardano (ADA). Now it all makes sense, quoted by Jason Pizzino, crypto investor & influencer.
When it comes to cryptocurrency, a few big names tower above the others - namely Bitcoin, Ethereum, and Cardano. After Elon Musk's critique of Bitcoin on Saturday Night Live, investors searched for more climate-friendly cryptocurrencies, and Cardano (ADA) sprang up in August to become the third-largest currency after Bitcoin and Ethereum. Cardano is held by 26.4 percent of crypto owners in Australia, the highest rate in the world.
Cardano is the third most popular cryptocurrency after Bitcoin & Ethereum among Australian crypto users, with 26.4 percent of adults owning the coin. This places it first among the 22 nations ranking in Cardano ownership among individuals who possess crypto.
Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Trishla is a crypto writer and social media aficionado. She has substantial experience in covering updates, events, and news related to the crypto space, along with rapidly expanding blockchain and financial technology markets. Her experience in the cryptocurrency market has led her to become a crypto hodler herself.