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3 Out of 4 Crypto Holders Have NFTs: CoinGecko

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3 out of 4 crypto holders have non-fungible tokens (NFTs) according to a recent report released by CoinGecko, one of the biggest crypto price aggregators in the industry. The report released a few hours ago, shows that 75.8% of cryptocurrency holders hold NFTs as well. Only 21.7% answered that they had never held any type of NFT in the past. What does this report show about non-fungible tokens and cryptocurrency holders?

3 Out of 4 Crypto Holders Have NFTs: CoinGecko Reports

We all know that non-fungible tokens had an incredible year in 2021 with a bear trend that took place in 2022. Despite that, NFTs remain available and companies continue to invest in NFT research and development. Additionally, new marketplaces have been launched and new collections have also been released to the market. Therefore, the industry is growing at a healthy rate. 

In a recent report with details about the NFT industry and the cryptocurrency market, CoinGecko reports that NFT adoption has become common in the crypto community. At the moment, 3 out of 4 crypto holders have at least one NFT in their portfolio of assets. This could be considered an investment decision or simply because they like to collect NFTs.Therefore, 75% of the respondents of the recent survey conducted by CoinGecko indicated that they held one or more NFTs. 

Another thing that is worth taking into consideration is that there is a small minority of holders (2.5%) that said that they held non-fungible tokens in the past but that they do not do so now. Hence, some of the individuals in the crypto community know how NFTs work but they did not hold them until today. 

A little bit over 2 in 10 crypto holders answered that they have never owned non-fungible tokens, not even in the past or during bull markets. There might be multiple reasons why these holders never held NFTs. Indeed, the survey might have been conducted among people very interested in the crypto industry that might also be involved in the NFT market.

But how many NFTs do investors own? As per the report, 4.8% of the responders answered that they hold 1 NFT, 17.6% said that they hold between 2 to 5, 8.2% mentioned that they hold between 6 and 10, 9.6% indicated that they hold between 11 and 20, 9.1% replied that they hold between 21 and 50. Finally, 26.5% answered that hold more than 51 NFTs. 

The report reads as follows:

“Once people do get into NFTs, they usually seem to keep on buying and collecting more. At least 1 in 4 NFT holders said that they are avid collectors, with 51 or more NFTs at the time of the survey. This group likely represents people who are the most enthusiastic about NFTs, or traders who flip NFTs.”

The NFT market shows that it has growth potential and that it could reach a larger number of users in the coming years. Everything will depend on multiple factors as well. 

The Expansion of Non-Fungible Tokens and Their Effect on the Crypto Market

Non-fungible tokens have made their mark in the crypto market, with their unique digital properties making them highly sought after by both collectors and investors alike. As the adoption of NFTs continues to grow, we can expect to see a ripple effect across the entire crypto market. 

The impact of NFTs extends beyond just their monetary value, as they also serve to increase the visibility and popularity of cryptocurrencies as a whole. As NFTs continue to gain mainstream recognition and become more accessible to the general public, we can expect to see a significant increase in the number of crypto investors and traders, driving further growth in the market.

As we move towards a future where NFTs become more integrated into our daily lives, we can also expect to see significant changes in the way that we perceive ownership and value. The unique properties of NFTs allow for the creation of truly one-of-a-kind assets, which can be traded and transferred in a completely digital format. 

This opens up a whole new realm of possibilities for creators and artists, who can now monetize their work in entirely new ways. As more and more people begin to realize the potential of NFTs, we can expect to see a massive influx of creative talent into the crypto market, which in turn will fuel further growth and innovation.

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