A meme coin that started as a parody of Bitcoin and another altcoin inspired by it are among the most popular cryptocurrencies in the US. According to a study, Dogecoin (DOGE) and Shiba Inu (SHIB) are among the most popular cryptocurrencies in the US.
DOGE and SHIB made it to the US favorite list
Dogecoin and Shiba Inu remain among the most popular US adult-owned cryptocurrencies, according to a report by global data intelligence firm Morning Consult. The two meme coins rank third and sixth, respectively.
According to Morning Consult’s survey, four in ten Americans who own cryptocurrencies have DOGE in their portfolio. For comparison, this rate stands at 26% for the Shiba Inu (SHB). The two meme coins have managed to maintain their popularity despite losing roughly 90% of their value.
Bitcoin and Ethereum are of course the two most popular cryptocurrencies (75% and 49% respectively). Circle’s USD Coin (USDC) and Litecoin (LTC) are ranked fourth and fifth, respectively. Besides, Binance Coin (BNB), Solana (SOL), Cardano (ADA), Ripple (XRP) and Tether’s USDT are also in the top 10.
Why are people in the cryptocurrency market?
The report also shows that cryptocurrency holders use traditional financial services in line with the general population. The vast majority of cryptocurrency holders (66%) admit that they are in the market for money.
However, drivers for adoption tend to differ globally. For example, Japanese and South Korean buyers mostly like crypto as ‘useful for online transactions’.
Increasing demands for tougher regulation
Meanwhile, as you follow on Kriptokoin.com, the Terra (LUNA) crash accelerated and deepened the decline in the crypto market. Then the Celsius (CEL) thing broke out. These events triggered further collapses and purges. All these events caused a serious loss of confidence in the market. Moreover, these events seem to have influenced the calls for regulation. A growing number of Americans are in favor of tougher regulation after the explosion of high-profile projects like Terra.
Who is more interested in DOGE and cryptocurrencies?
There are also interesting data in terms of adoption. Men, millennials and high-income Americans continue to embrace cryptocurrency. In March, another Morning Consult poll showed that 91% of US adults have heard about cryptocurrencies. Also, less than a third of Americans believe central bank digital currencies can challenge crypto.
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