Cryptocurrencies have sparked varying levels of interest and scepticism across different age groups. According to the 2022 Investopedia Financial Literacy Survey, millennials (ages 26-41) lead the charge when it comes to cryptocurrency investments. Around 38% of millennials surveyed have some form of cryptocurrency investments, with nearly 60% holding digital currencies.
Generation X (ages 42-57) follow millennials, with 28% of respondents from this group holding digital currencies, and Generation Z (ages 18-25) trails closely behind at 23%. Both generations consider cryptocurrencies as the second most common investment, after stocks and before mutual funds.
The Baby Boomers (58-76) stand out as the generation least interested in cryptocurrencies. Only 6% of baby boomers invest in digital currencies, and none of them have invested in NFTs. Baby boomers place their faith in stocks, mutual funds, and real estate for investment returns.
Financial coach Whitney Hansen suggests that millennials' investment decisions align with their stage in life. "They are far enough into their careers to have some disposable income for investments but have a long enough time horizon before retirement that they are willing to take on the higher risk," she says.
If you have some disposable income and are wondering what to do with it, why not invest in these cryptocurrencies?
Suit Yourself: Sui (SUI)
Sui (SUI) is a layer-1 blockchain and smart contract platform that's redefining digital asset ownership, offering lightning-fast transactions, ironclad security, and unrivalled accessibility. With its object-centric model and the Move programming language at its core, Sui opens doors to parallel execution, sub-second finality, and a wealth of on-chain assets.
Scalability is no longer a hindrance with Sui. Its horizontal scaling feature ensures that groups of transactions process in parallel, eliminating bottlenecks and ushering in unparalleled speed. Digital assets are fast, private, and accessible to everyone. Creators and developers have a fertile playground to craft captivating, user-friendly experiences that push the boundaries of what's possible.
Geometric Gem: Polygon (MATIC)
Polygon (MATIC) is a layer-2 scaling solution for Ethereum that aims to solve the scalability issues faced by blockchain technology. With the help of Polygon, Ethereum can now support up to 65,000 transactions per second on a single sidechain, with a block confirmation time of less than two seconds. This framework allows for the creation of globally available decentralised financial applications on a single foundational blockchain.
Polygon doesn't seek to upgrade its basic blockchain layer anytime soon. The project focuses on reducing the complexity of scalability and instant blockchain transactions. The network intends to extend support for additional base chains based on community suggestions and consensus, making Polygon an interoperable decentralised layer-2 blockchain platform.
Unlimited Power: PAT WARS (PAWS)
PAT WARS (PAWS) is the newest cryptocurrency that combines the memetic powers of cats and Star Wars. Led by the four Jedi Cats, PAT WARS is built on the Ethereum platform and has an impressive ecosystem. PAT WARS puts its community at the heart of its operations and its PATWARSDAO proves that. The decentralised autonomous organisation (DAO) is governed by PAWS holders, who make decisions together and steer the project's spaceship.
PAT WARS also has an NFT collection featuring each of the four Jedi Cats. PAT WARS NFT holders gain access to exclusive content, events, and immersive experiences.
The token has recently launched its presale so now's the perfect time to grab your lightsaber and go ham!
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