{"id":20043,"date":"2024-12-31T10:00:00","date_gmt":"2024-12-31T08:00:00","guid":{"rendered":"https:\/\/forklog.com\/en\/what-they-bought-whom-they-tapped-and-what-they-forecast-forklogs-annual-reader-survey\/"},"modified":"2024-12-31T10:00:00","modified_gmt":"2024-12-31T08:00:00","slug":"what-they-bought-whom-they-tapped-and-what-they-forecast-forklogs-annual-reader-survey","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/what-they-bought-whom-they-tapped-and-what-they-forecast-forklogs-annual-reader-survey\/","title":{"rendered":"What they bought, whom they tapped and what they forecast: ForkLog\u2019s annual reader survey"},"content":{"rendered":"
\"quiz-01-1-1\"<\/figure>\n

At the end of each year, ForkLog runs a traditional survey of its readers. In December 2023 some participants predicted that bitcoin would set new records\u2014and they were right.<\/p>\n

We present the findings of the latest poll, readers\u2019 forecasts, and their views on portfolios, memecoins, tap-to-earn games and other parts of the industry.<\/p>\n

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Reader profile<\/h2>\n

From 4 November to 8 December 2024, 634 people took part in the survey. Most respondents were men aged 36\u201345 living in Russia. Women accounted for 7.3% of participants.\u00a0<\/p>\n

Some 14% live in Ukraine and 6.5% in the EAEU. ForkLog is also read in the South Caucasus, the EU and wider Europe, and South-East Asia.<\/p>\n

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Almost half (45.4%) rated their income as average. A further 26.2% chose \u201cabove average\u201d; 21.9% said \u201clow\u201d.
\u00a0
Some 18.6% are involved in blockchain and crypto businesses, and 15.8% plan to enter the sector. Nearly half of the audience (44.8%) are salaried employees; 18.6% described themselves as unemployed. Meanwhile, 24.3% are entrepreneurs.<\/p>\n

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Most readers (28.7%) discovered cryptocurrencies during the 2017\u20132019 bull market; slightly fewer (23.5%) did so during the 2014\u20132016 bear market. In 2023\u20132024, 6.6% learned about digital assets.<\/p>\n

As their primary news source, 48.6% chose social media. Russian-language media ranked second (32%).<\/p>\n

Some 74.9% think bitcoin will notch a new all-time high above $100,000 in 2025. Only 1.3% consider a drop below $30,000 likely.
\u00a0<\/p>\n

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Reader portfolio<\/h2>\n

Some 30.8% first bought or received cryptocurrency in 2017\u20132019; 27% did so in 2020\u20132022; and 16.1% in 2023\u20132024.
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In the outgoing year, 79.5% reported portfolio gains.<\/p>\n

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Bitcoin and Ethereum remain the most popular cryptocurrencies. Solana ranks third (38%), closely followed by Toncoin (36%). Last year, it lagged BNB, XRP and Polkadot.<\/p>\n

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Which cryptoassets do you hold?<\/strong> (respondents could select multiple options)<\/figcaption><\/figure>\n<\/div>\n
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ForkLog readers mostly use digital assets for long-term investment. More than a third trade.<\/p>\n

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What do you use cryptocurrencies for?<\/strong> (respondents could select multiple options)<\/figcaption><\/figure>\n<\/div>\n
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Anonymity<\/h2>\n

The majority do not use privacy-oriented cryptocurrencies (87.7%) or mixers (96.8%) for transactions.<\/p>\n

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Mining and staking<\/h2>\n

Among respondents, 8.5% mine cryptocurrencies; most (68.3%) have never been miners.
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Almost half (49.5%) take part in staking.<\/p>\n

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NFTs and memecoins<\/h2>\n

Fewer than a third (27.4%) of readers hold NFTs. Most (63.1%) do not and have no plans to buy them.
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The memecoin segment looks different: 42.6% hold such assets, while 47.6% said they do not and do not plan to buy them.\u00a0\u00a0<\/p>\n

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Games<\/h2>\n

Some 23.8% of respondents use the game Hamster Kombat; slightly more (25.4%) are into Notcoin. However, 56.2% do not play any tap-to-earn titles.<\/p>\n

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Which tap-to-earn game do you use?<\/strong> (respondents could select multiple options)<\/figcaption><\/figure>\n<\/div>\n
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DeFi<\/h2>\n

In 2024, 39% invested in DeFi. Another 24.6% plan to do so.<\/p>\n

Of those investing in the sector, 30.3% chose DeFi tokens. Only 12.5% practise yield farming, and 14.4% earn via lending protocols.<\/p>\n

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How exactly did you invest in DeFi?<\/strong> (respondents could select multiple options)<\/figcaption><\/figure>\n<\/div>\n
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As last year, Uniswap was the most popular service among readers (24.9%).<\/p>\n

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Which DeFi service do you use?<\/strong> (respondents could select multiple options)<\/figcaption><\/figure>\n<\/div>\n
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Trading<\/h2>\n

Some 45.1% trade cryptocurrencies and consider it profitable. For 15.1% it is not.
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Centralised platforms are preferred by 35.2%; 22.6% combine different types of platforms.<\/p>\n

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Among centralised exchanges, Bybit led (45.6%). It overtook last year\u2019s leader Binance, which placed second (39.1%). OKX rounded out the top three (22.6%).<\/p>\n

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On which centralised exchanges do you trade?<\/strong> (respondents could select multiple options)<\/figcaption><\/figure>\n<\/div>\n
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The vast majority (70.8%) do not trade crypto derivatives; 22.7% prefer futures.
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Some 28.1% use leverage.<\/p>\n

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Wallets<\/h2>\n

MetaMask (46.4%) and Trust Wallet (43.7%) remain the most popular wallets.<\/p>\n

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Which wallet do you use?<\/strong> (multiple selections allowed)<\/figcaption><\/figure>\n<\/div>\n
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A large share (65%) do not use hardware wallets. Among those who prefer cold storage, Ledger leads (23%).<\/p>\n

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Which hardware wallets do you use?<\/strong> (multiple selections allowed)<\/figcaption><\/figure>\n<\/div>\n
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Hacker attacks<\/h2>\n

Only 12.5% of respondents suffered incidents related to hacking.<\/p>\n

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\"What<\/figure>\n","protected":false},"excerpt":{"rendered":"

At the end of each year, ForkLog runs a traditional survey of its readers. In December 2023 some participants predicted that bitcoin would set new records\u2014and they were right. We present the findings of the latest poll, readers\u2019 forecasts, and their views on portfolios, memecoins, tap-to-earn games and other parts of the industry. Reader profile […]<\/p>\n","protected":false},"author":1,"featured_media":20042,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[1144],"tags":[1705,1740,1741],"class_list":["post-20043","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-longreads","tag-bitcoin-2024","tag-bitcoin-industry-in-numbers","tag-forklog-news"],"aioseo_notices":[],"amp_enabled":true,"views":"47","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/20043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=20043"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/20043\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/20042"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=20043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=20043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=20043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}