{"id":10394,"date":"2022-04-29T14:06:42","date_gmt":"2022-04-29T14:06:42","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/us-crypto-adoption-remains-high-despite-global-inflation-fears\/"},"modified":"2022-04-29T14:06:44","modified_gmt":"2022-04-29T14:06:44","slug":"us-crypto-adoption-remains-high-despite-global-inflation-fears","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/us-crypto-adoption-remains-high-despite-global-inflation-fears\/","title":{"rendered":"US crypto adoption remains high despite global inflation fears"},"content":{"rendered":"
A quantitative analytics report published by DappRadar has unveiled a number of revelatory behavioral market indicators for the global adoption of digital assets.<\/p>\n
The blockchain data portrays a positive sentiment for the Web3 and metaverse sectors, especially in the United States, a reactionary rise in crypto interest throughout Ukraine and Russia following the outbreak of the conflict, addition to how the well-documented surge of gas prices throughout Europe is impacting inflationary metrics.<\/p>\n
Bar chart statistics reported a high correlation between unfavorable economic dynamics witnessed in times of currency deflation and the interest in engaging with cryptocurrencies – the data suggesting that the latter could serve as an investment hedge.<\/p>\n
The tumultuous 217.65% deflation of the Brazilian Real (BRL) against the U.S. dollar over the past decade was reported to be an influencing factor for the 45% of participants who attest to considering purchasing a digital asset within the upcoming year. Similarly, India witnessed a 40% uptick in crypto interest following a 58.58% deflation in their native currency, the rupee (INR).<\/p>\n
In the category titled \u2018Countries with highest social media indicators for Web3 Metaverse,\u2019 the U.S. ranked highest with a 2.2 score, followed by Indonesia and India with 1.4 and 0.6, respectively. The United Kingdom came in seventh with 0.3.<\/p>\n