Kraken memecoins survey reveals that 85% of US crypto holders invested for high reward potential
The post Kraken memecoins survey reveals that 85% of US crypto holders invested for high reward potential appeared on BitcoinEthereumNews.com.
A recent survey from the crypto exchange Kraken, which explored the opinions of 800 U.S.-based crypto holders, revealed that 85% of the respondents had invested in memecoins. 76% of the respondents also believed that the risk of memecoin investments was worth the potential rewards. Kraken added that women had a higher affinity to crypto investments than men, with 86% of the female crypto holders investing in memecoins compared to 84% of the male respondents. The survey also reportedly outlined that fear of missing out (FOMO) was among the top reasons behind investor interest in the volatile asset class. Other top reasons investors pointed out included the fun nature of the memecoins and recommendations from friends and family. 20% of the respondents mentioned that the goals behind their memecoin investment were short-term returns, while 23% invested in coins to diversify their portfolio. Kraken’s survey comes a few months after the exchange conducted another research on trends expected from crypto investors in 2025. The December report revealed that 73% of the respondents in the survey planned to reinvest in crypto this year. A significant percentage of the respondents further believed that crypto was a viable investment in 2025, with 52% of investors considering it as a long-term investment. 43% of the respondents also considered crypto to be a better economic security than traditional finance assets. 55% further believed in the worth of digital assets in real-world utility. 60% of the respondents still believed that bad actors are the primary users of crypto, while 29% were unsure of where the crypto sector is headed. Memecoins might outperform other cryptocurrencies https://t.co/sVDdBnTmgo — kAI (@Kaiwen0x) October 5, 2024 The survey outlined that 42% of the respondents believed that memecoins would outperform other cryptocurrencies this year. The sentiment among U.S. crypto holders was in line with…
Filed under: News - @ February 20, 2025 11:22 am