Here is a summary of the most popular cryptocurrencies in the USA. Experts explain what makes Bitcoin and 9 altcoin projects popular.
Bitcoin (BTC): The most popular cryptocurrency to buy
Bitcoin is the most popular cryptocurrency in the USA. It is also one of the most traded cryptocurrencies in the US. Numerous surveys and studies rank Bitcoin as the most recognized crypto asset in the US. 9 out of 10 Americans say they have heard about the digital asset.
A recent report from the New York Digital Investment Group states that over 22% of the US adult population currently owns or has purchased BTC in the past. It is possible to add to this that the USA is home to the largest Bitcoin mining farms. Bitcoin mining accounts for 35% of the hash rate. Among the reasons for popularity is the availability of Bitcoin. While Bitcoin is not a legal currency in the US, the number of platforms that accept BTC payments is growing.
There is also interest from both mainstream and digital media towards BTC. It’s also popular because it’s been publicly adopted by many A-list celebrities like Kanye West and Snoop Dogg, entrepreneurs like Elon Musk and Mark Cuban, and companies like Tesla and Microstrategy. But more importantly, it is popular as its price is expected to continue to rise. This has led many investors to adopt it as a store of value and a useful tool for fighting inflation.
Leading altcoin Ethereum (ETH): Most popular among long-term investors
Ethereum is the second most popular cryptocurrency in the US. Follows Bitcoin closely. It is especially popular with long-term investors, largely because of its promise. Its popularity can be attributed to factors such as its close relationship with all leading crypto technologies.
It is also very popular among crypto investors due to its excellent price performance in the past. When it peaked in late 2021, we’re seeing ROI exceed 163,000. At the beginning of the decade, ETH is expected to rise by 1,900% and break above $190,000. This attracts many future-oriented investors.
Dogecoin (DOGE): The most popular meme coin
Dogecoin is arguably the most popular meme coin in the US. And we attribute its growing popularity to 5 key features. First up is the Elon Musk factor as he consistently popularizes it to his 100 million followers on Twitter and different conversational interactions.
Dogecoin has gained a large following on Reddit, Dogecoin, and by extension, other social media networks. This community has played an important role in popularizing Dogecoin and keeping its price in an uptrend through price pumps. Dogecoin also tops the list of most popular cryptocurrencies in the US due to its past price action. Going forward, Dogecoin is expected to replicate these gains. In addition to all this, its accessibility plays a critical role in making DOGE one of the most popular and traded cryptocurrencies.
Ripple (XRP): The most controversial altcoin
Ripple has also dominated mainstream and digital media headlines. But it has a different status from the rest of the most popular cryptocurrencies in the US. Ripple is doing this because of the controversy brought on by the ongoing SEC lawsuit against Ripple Labs. It all started in December 2020 when the SEC sued Ripple Labs and its executives accusing them of selling unregistered securities to US residents.
But over time, Ripple has won several court battles against the SEC. This has made most analysts convinced that XRP has a good chance of winning this case. This has also led to significant investor interest in the altcoin project. The lawsuit has also earned XRP a lot of sympathy from the crypto community. Looking forward, analysts are confident that Ripple will replicate these gains in the future. Especially if he wins against the SEC. Some expect the XRP price to rise above $50 by the beginning of the decade.
Litecoin (LTC): Popular altcoin that can be purchased with PayPal
Litecoin was once the most popular Bitcoin alternative. But during the 2017 crypto market rally, his momentum was disrupted and derailed when Litecoin founder Charlie Lee sold his stake in LTC and started working for the Coinbase exchange.
However, several factors helped the investor gain confidence in the altcoin project. That’s why it’s back in the list of the most popular US cryptocurrencies. First, Charlie Lee is back to directing the future of Litecoin as president of the Litecoin Foundation. Second, Litecoin’s nationwide acceptability as a medium of exchange is steadily increasing. Third, and perhaps most important, is the PayPal effect. As you follow on Kriptokoin.com, in late 2020, PayPal, the most popular e-Wallet in the US, allowed its customers to purchase BTC, ETH, BCH and LTC.
Bitcoin Cash (BCH): The most popular Bitcoin alternative altcoin
A number of factors have helped Bitcoin Cash maintain its relevance. This has made it one of the most popular cryptocurrencies in the US. First, it has been listed on almost all the most popular crypto exchanges in the country. It has also been included in the list of crypto exchanges that can be traded on their account by PayPal.
It has also been hailed as an excellent alternative to Bitcoin by most physical and e-commerce stores that accept crypto payments. Like Litecoin, BCH is heavily favored for its fast transaction speeds and affordable transaction fees. Looking forward, Bitcoin Cash prices are expected to continue an uptrend. It is expected to reach over $9,000 by the end of the decade. This means an increase of over 7,500%.
Binance Coin (BNB): The most popular exchange-linked altcoin
Binance Coin continues to dominate the crypto trading niche. Recently, it has surpassed Coinbase as the centralized exchange with the most Bitcoins. But it also threatens to overtake it as the most popular exchange with the highest trading volume in the US.
But the skyrocketing crypto exchange isn’t the only thing that makes BNB the most popular cryptocurrency in the US. Others include its close affiliation with the fast-expanding BNB Chain, a smart contract Blockchain. BNB is also popular as they have performed exemplary well in the past. Going forward, a number of factors are expected to continue to increase BNB. This makes it a choice for future-oriented crypto investors. The first is the growing popularity of the Binance exchange and BNB Chain. Second, Binance has committed to burning 50% of its BNB token supply.
ApeCoin (APE): The most popular new cryptocurrency
ApeCoin is the newest of the most popular cryptocurrencies in the USA. The altcoin, which is only a few months old, is one of the most talked about in the USA today. One of the reasons for this is attractive price action. Second, its close association with equally popular NFT projects as it is utility token for APE, BAYC and MAYC NFTS.
ApeCoin is also popular because it is new and full of untapped potential. This gives it a very promising future. These factors helped make ApeCoin one of the most popular cryptocurrencies in the US. Going forward, they are expected to increase the appreciation for the APE token.
Solana (SOL): Most popular crypto with growth potential
Solana is one of the fastest growing smart contract ecosystems. The price of SOL tokens has also increased tremendously in the recent past. Both of these factors caught the attention of the American investor.
Solana is faster than most other smart contract platforms, including Ethereum. It’s also more affordable, developer-friendly, and more dynamic. It began expanding its ecosystem to include most of the programs and features available in Ethereum. But its value has already increased more than 1000 times. As Solana integrates more programs and protocols, SOL is expected to rise further.
Cardano (ADA): Popular undervalued altcoin
Cardano is an equally promising altcoin. One of the most traded and popular cryptocurrencies in the USA. Because both technical and fundamental analysis of Cardano show it to be largely undervalued. The one thing that kept Cardano’s price from booming for the longest time was the need for peer research. This made him solid and was overtaken by newcomers like Solana and Avalanche.
But in late 2021, Cardano’s ecosystem began to grow. It gained momentum when it integrated the smart contract feature. This has opened the door to innovation in the platform as it allows the integration of DeFi, dApps and Web3 protocols. The general consensus is that Cardano has the potential to surpass Ethereum as the most used smart contract platform.
6255
