Bitcoin still the most popular among Polish individual investors

In the first quarter of 2022, individual investors picked up the pace investing in the so-called workhorse cryptocurrencies, choosing tokens often based on the ethereum blockchain, but with concrete, alternative use cases. Eight out of ten tokens with the highest growth in Q1 are tokens present on the eToro platform for less than a year. Tokens such as The Sandbox (+185 percent), Axie Infinity (+42 percent), as well as Celo (+34 percent) and SushiSwap (+26 percent) were highest in the Polish ranking in Q1.

"It is exciting to see many of the smaller, booming cryptocurrencies among the biggest gains in the last three months. Market conditions have been tough and valuations have stalled, but activity on the eToro platform suggests that investors are focusing most of their efforts on utility tokens. It is gratifying that investors are diversifying and leaning towards newer cryptocurrencies while keeping their token holdings in place," Simon Peters, eToro's cryptocurrency market analyst, commented.

(WBJ)