Cryptocurrencies are used by 50% less

According to Bank Of America, the number of active cryptocurrency users has decreased by 50% compared to last year. Thus, in November 2021, approximately 1 million users of the bank used cryptocurrencies, and now this figure is 500,000.

The bank’s representatives noted that users' interest in digital assets is still high: people register on cryptocurrency platforms, but most «just watch from a safe distance.» Also, many investors invest in NFTs rather than cryptocurrencies. Probably, the popularity of non-fungible tokens is caused by the price drop — in mid-June, the trading volume of NFTs increased by 115%. At that time, users were buying up unique tokens that used to cost several times more.

Recently, analysts at СashNetUSA identified the countries most interested in NFTs. According to the study, Singapore was ranked first, with 18,717 searches per 1 million inhabitants for non-fungible tokens. Hong Kong, Canada, Iceland, and the United States are among the five countries most interested in NFTs.