Most Cryptocurrency Owners are Gen Z and Millennials – Dogecoin and HUH Token to Blame?

According to a poll, the majority of cryptocurrency owners are under the age of 34. Could this be due to the popularity of meme coins like Dogecoin and HUH Token?

HUH Token was introduced in December of 2021, and in five days, its price increased by almost 4500 percent. It’s a cryptocurrency that focuses on community and equal opportunities which are two qualities Gen Z and Millennials tend to lean towards.

HUH Token Facts

  • It is the first of its type to have a smart contract-based referral mechanism that enables the referrer to receive incentives for bringing other individuals into the coin’s orbit.
  • This token is cross-chain compatible, since it can be found on both the Ethereum and Binance networks. It may be found on Uniswap, PancakeSwap, and Bitforex.
  • The token is expected to be accessible on Bibox, Hotbit, and Bitrue by the end of January.
  • MetHUH is a platform that this project is developing that will serve as the main social networking site for web3.0.
  • HUH claim to have hundreds of well-known Instagram and Twitter influencers who will post about this cryptocurrency at the end of the month.

HUH has also reserved 20% of the entire supply of tokens for Elon Musk and his philanthropic organisation and is waiting for him to collect them. This isn’t the HUH Token’s only charity endeavour; it has also joined with the Eden Reforestation Project, which will plant one million trees for each individual wallet that holds HUH.

Global Cryptocurrency Statistics

According to a poll conducted by the Australian price comparison site, over half a million individuals in the state currently hold bitcoin or another kind of cryptocurrency.

The study comes after Bitcoin, the world’s most valuable cryptocurrency, has lost more than 30% of its value after reaching a record high in November.

However, the rise in US inflation to 7% has led to a price rebound from a two-month falling trend.

Central bankers and other experts have often cautioned about the extreme volatility of cryptocurrency valuations.

According to a poll of 1,529 Irish internet users, cryptocurrency usage is high in Ireland.

In December, an estimated 456,000 individuals in Ireland possessed cryptocurrency.

This represents 12 percent of Irish adult internet users, up from 8 percent in October.

51% of digital currency owners are between the ages of 18 and 34.

Crypto is predicted to be owned by 38 percent of individuals aged 34 to 54, with just 10 percent of those over 55 possessing a virtual currency.

Out of the 27 countries studied, Ireland ranks 20th in terms of cryptocurrency ownership.

In December, polled 1,529 Internet users in Ireland.

Bitcoin remains the most popular currency, followed by Ethereum, Dogecoin, and XRP.

According to the survey, around a quarter of Irish individuals believe cryptocurrency is a decent investment, which is much lower than the worldwide average of 43%.

In Ireland, 64 percent of people are aware of cryptocurrency, compared to 85 percent in Australia.

In the Uk, more males than women possess Bitcoin and other cryptocurrencies.