The November crypt crash had a very strong impact on Ethereum. The most famous as "the second largest cryptocurrency in the world", during the XRP clash flew over ETH, taking it to a more humble third place. Indeed, with the full effect of the collapse now looming on the markets, Ethereum remains the third largest cryptocurrency by market capitalization, no longer second from the top.
In terms of value, the accident also had a major impact, before the incident, Ethereum recorded values of about $ 220.00 on a regular basis, although during the depth of the crash , Ethereum fell below $ 104.00, losing more than 50% of its value in about 20 days, leaving investors a little breathless. As a result, people have lost a lot of money. Those who bought recently have certainly lost 50% of their investment, those who bought even earlier when the price of Ethereum was much higher, but they lost a lot more.
Although, with so much loss in mind, new research has found that during the incident the Ethereum holders have been more generous than ever when it comes to making donations to Ethereum. People are literally giving away Ethereum.
Second CCN, WeTrust carried out some research on the forms of charitable donations that were carried out within the Ethereum blockchain.
Who are WeTrust?
We trust I am a blockchain company based in the United States that makes the most of blockchain technologies by providing financial services to a wide range of customers. Although research is not their primary goal, we can see from recent reports that WeTrust is paying close attention to conducting further research into blockchain behavior. According to the WeTrust website:
"Digital technology has allowed revolutionary changes, yet billions of people around the world remain enveloped, with no access to savings and credit that drive the modern economy, decentralized funds have been created, and Blockchain technology promises to offer financial services fair and efficient on a global scale WeTrust aims to provide decentralized financial services and create a more inclusive financial system that allows anyone to access fair and equitable financial services without a costly trusted third party. "
According to CCN:
"WeTrust is a blockchain company that allows crypt holders to donate ETH directly to non-profit organizations, commissioning Pollfish poll in honor of Giving on Tuesday, November 27. Its latest platform, WeTrust Spring, accepts cryptocurrency donations in Ethereum , even if the company plans to extend it to other cryptocurrencies in the future.In particular, among the WeTrust advisors are the founder of Ethereum Vitalik Buterin and the Cornell University professor and the co-director of the IC3 Emin Gün Sirer. "
As stated, WeTrust has published a series of research findings suggesting that Ethereum investors have been very generous in making Ethereum donations late to various charities that accept cryptocurrency payments. Approximately 77% of the 1,000 investors interviewed by WeTrust said they made a donation with their Ethereum. Of the 1,000, 79% admitted that they would prefer to make a donation with Ethereum rather than buy a Cryptokitty, so it seems that only 2% of those investors are not yet donated.
According to CCN, here are the specific results of WeTrust research:
- "90.5 percent had already made at least one encryption in favor of a charitable cause".
- "77% are interested in making more crypto donations to a cause that aligns with their values".
- "55 percent say the crypto community is more generous than the rest of the population."
- "62% believe that all charities must accept crypto donations as a simpler and more effective way to raise funds".
- "The number of encryption owners interested in buying a Cryptokitty is still quite high (71%), but it is surpassed by those who would prefer to make a donation to a 79% nonprofit organization."
It seems that the overall declining markets in 2018 were not enough to bring down the generosity of the people!
Did the decline in value of Ethereum have been able to encourage more people to make charitable donations? It is certainly much easier to donate Ethereum when it is valued less, as in theory, you are able to make smaller and more controlled donations. Or even more, perhaps this is proof that investors are not really worried about the fall of the markets? In fact, they are so sure of their Ethereum investments that they are happy to give it away.
This is a sign of a great level of adoption of Ethereum as more and more charitable causes move towards the acceptance of cryptocurrency payments. Indeed, Ethereum is not the only payment option available, yet it is reliable and appears to be very popular based on the research published by WeTrust. Charities will play a huge role in the overall adoption of all cryptocurrencies, so I am quite certain that many charitable organizations will be happy to observe this research and see that accepting cryptocurrency donations seems to make a difference!