Dogecoin is the most popular meme coin, and while the cryptocurrency started as a joke in 2013, its growth in the United States — particularly over the last year and a half — isn’t to be dismissed. According to new research undertaken by an Australian cryptocurrency survey firm across 22 nations, Dogecoin’s (DOGE) acceptance rate in the United States has surpassed that of Bitcoin and Ether — to the point where it is almost twice as high as the worldwide average.
In its report, the aforementioned organization, Finder, states that 30.6 percent of cryptocurrency owners in the United States polled claimed that they personally hold Dogecoin. In terms of absolute numbers, that’s 1.6 times the global adoption rate of 19.2%.
DOGE, on the other hand, isn’t as popular in Asia as Bitcoin, Ether, or Binance Coin, according to the poll. In Japan, more than three-quarters of cryptocurrency owners own Bitcoin, yet Ether is preferred among Singaporean cryptocurrency owners. Owners of digital assets in Indonesia, on the other hand, prefer Binance Coin.
But this isn’t the first time Dogecoin’s popularity has risen to the top of the news. New investors are flocking to DOGE at levels not seen in nearly four years, according to blockchain analytics firm Chainalysis, which confirmed this in August. However, a considerable portion of meme coin’s supply is held by a few major individuals, indicating that it is not as decentralized as other crypto assets.
Cardano, on the other hand, is a prominent altcoin that is seeing more public adoption than some of the more well-known crypto assets. According to the poll, Cardano is the most popular cryptocurrency in Australia.
The native crypto token of the Cardano ecosystem, ADA, is owned by more than a fifth of the country’s adult cryptocurrency holders.
Based on a study of over 41,000 people in 22 countries, Finder found that at least one out of every 10 people owns cryptocurrencies, indicating that crypto usage is on the rise.