As crypto actively helps to save lives, improve futures, and promote inclusion, it remains a beacon of hope. There are major changes happening both economically and politically. Everyone has been adjusting to the altered global climate for the past couple of weeks. The crypto world is proving to be a resource for positive change in times when hope seems hard to find.
Donations continue to flood into Ukraine from across the globe. At the time of writing, the number of crypto donations, which are made up of several different digital assets, total up to $35 million and counting. Just this week the Ukrainian government added Dogecoin to its list of accepted cryptocurrencies, and well-known crypto developer and co-founder of Ethereum, Gavin Wood, donated $5 million in Polkadot. Aside from this, the country raised over $20 million in Tron, Ethereum, and Bitcoin donations alone.
This is to say nothing of the NFT funds raised by UkraineDAO, a joint venture kicked off by Trippy Labs and famed Russian activist group, Pussy Riot. The DAO auctioned off an NFT of the Ukrainian flag for 2,258 ETH, which shakes out to be around $6.75 million in funding, and donated the proceeds to the non-profit organization Come Back Alive. Another donor contributed CryptoPunk #5364, sending it to the country’s Ethereum wallet address. CryptoPunks are notoriously valuable, with this one estimated at anywhere from $200,000 to $233,000 in market value.
Not surprisingly, crypto’s growing use case as a tool for humanitarian aid reinforces its fundamental value, which can be seen in the market. Bitcoin experienced on Tuesday, its highest since February of 2021. Coinciding with this, altcoins saw even greater increases, temporarily sending the total market cap back over $2 trillion for the first time in months. Terra Luna is also having a moment. The LUNA token saw a rise of approximately 70% over the past week and surpassed Ether as the second-largest staked crypto asset available with over $28 billion locked into the network.
Many analysts remain optimistic but cautious, predicting a “double bottom” before things settle down. Either way, the crypto market’s swift recovery post its initial dip last week, one that was catalyzed by the invasion of Ukraine, speaks to its endurance. Cryptocurrencies have officially left “flash in the pan” territory and are now serving as actual tools for aid in times of crisis, whether they be political, economic, or as is so often the case, both.
In other news, it’s Women’s History Month, and studies show that women are looking to get into crypto. Our recent Crypto Confidence Survey shows the gender gap to be actively closing, with 62% of women being likely to buy crypto in 2022 as opposed to 60% of men. This sits in stark contrast with the then reported 1:2 ratio of crypto ownership in 2021, with women occupying the lower half. In a soon-to-be-published interview with our Chief Marketing Officer, Pam Kramer, she gives her take on the results:
“I think every stat that we see on crypto ownership skews male, but the national Crypto Confidence Survey we ran in December shows that women are just as likely as men to buy crypto in 2022 and beyond,” said Kramer. “So we should see the gender gap narrow in the next 12-24 months. And I think part of our job at Voyager is to foster the narrowing of that gap.”
As with anything else, the key to closing the gender gap is more education. Similar to the trends we saw with the internet in its early stages of adoption, the more use cases crypto develops the more chances we will have to interact with and learn about the medium. With the entire world moving toward this new frontier, cutting-edge resources for this are emerging every day.
Crypto is proving to be the decentralized solution in the midst of centralized unrest. It’s providing the people with the power to send aid, feel secure, and contribute to a greater united picture. Right now, crypto is actively helping to save lives, improve futures, and drive inclusion. Crypto brings us all together, and that’s how we’re all in this—together.
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