CoinMarketCap data shows that DogeCoin's market cap surpassed ADA to rank 8th in the global cryptocurrency market cap ranking, with a current market cap of $15.628 billion.
Research by Finder last year showed that 17 percent of Australians have access to digital assets. The company estimates that this share has risen to around 23% by 2022.
Even more disappointing is the percentage of these older investors who already hold a position in crypto assets, with 33% of Gen Xers admitting to owning cryptocurrencies, while only 4% of baby boomers admit to holding crypto assets.
A recent survey of approximately 1,100 401(k) retirement plan participants between the ages of 21 and 70 conducted by Charles Schwab, an American asset management firm, revealed that