Dogecoin Has More Crypto Holders Than Bitcoin or Ether in the US: Study

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Dogecoin is the most popular memecoin and although the cryptocurrency started out as a joke in 2013, its growth in the US – especially over the past year and a half – certainly shouldn’t be ridiculed. A recent study conducted in 22 countries by an Australian Cryptocurrency Survey Agency found that the adoption rate of Dogecoin (DOGE) in the US exceeds that of bitcoin and ether – to a point where its adoption is nearly twice the global average.

The agency in question, Finder, claims study it that 30.6 percent cryptocurrency Owners in the US surveyed as part of the study said they personally owned dogecoin. In sheer numbers, this is 1.6 times the global adoption level of 19.2 percent.

However, the survey found that DOGE is not as popular in Asia as Bitcoin, ether, and Binance Coin. While more than three-quarters of cryptocurrency holders in Japan own bitcoin, cryptocurrency holders in Singapore prefer ether. However, in Indonesia, holders of digital assets prefer to own Binance Coin.

But Dogecoin’s rise in popularity isn’t the first time it’s making headlines. Back in August, blockchain analytics firm Chainalysis confirmed that new investors were coming into DOGE at a level not seen in nearly four years. But a significant percentage of Memecoin’s supply remains in the hands of a few large holders, which shows that it is not as decentralized as some other crypto assets.

During this, cardano is another popular altcoin that has witnessed more mainstream adoption than some of the better known crypto assets. According to the survey, Cardano enjoys the most popularity in Australia. More than a quarter of the country’s adult cryptocurrency holders own the native crypto coin – the ADA of the Cardano ecosystem.

Based on a sample size of more than 41,000 people in 22 countries, Finder’s survey shows that at least one in ten people own cryptocurrency globally, indicating that crypto adoption is on the rise. .


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(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

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