Dogecoin And Shiba Inu Remain Among The Most Popular Cryptocurrencies In The US
According to a report published by global data intelligence firm Morning Consult, Dogecoin and Shiba Inu remain among the most popular cryptocurrencies in the US. The two meme-coins are in third and sixth place, respectively. Dogecoin remains the third most popular cryptocurrency despite the price downturn.
The Morning Consult survey found that about four in ten Americans who own crypto have Dogecoin in their portfolio. For comparison, Shiba Inu stands at 26%. The two meme-coins have managed to maintain their popularity even though they have lost about 90% of their value.
Of course, Bitcoin and Ethereum are the two most popular cryptocurrencies (75% and 49% respectively). Circle’s USD Coin and Litecoin are in fourth and fifth place, respectively. Binance Coin, Solana, Cardano, XRP, and Tether’s USDT are also in the top 10.
The vast majority of crypto holders (66%) admit that they participate for the money. However, adoption tends to vary globally. For example, Japanese and Korean buyers mostly prefer cryptocurrency because it is “useful for online transactions”.
More and more Americans are advocating tougher regulations after popular projects like Terra collapsed. Men, millennial investors, and high-income Americans continue to drive crypto adoption.
Back in March, another survey by Morning Consult found that 91% of US adults had heard of cryptocurrencies. Less than a third of Americans believe that a central bank digital currency will be able to pose a challenge to cryptocurrencies.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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