Dogecoin is the most popular memecoin and this cryptocurrency started as a joke in 2013. Given the growth it has made in America, it should not be ridiculed now. This cryptocurrency has seen tremendous growth in the US in the past year and a half.
A recent study conducted in 22 countries by an Australian Cryptocurrency Survey Agency found that the adoption rate of Dogecoin (DOGE) in the US is higher than that of Bitcoin and Ether. If you look at the global average, it is twice theirs.
Survey agency Finder has claimed in its study that 30.6 percent of cryptocurrency holders in the US surveyed during the study said that they personally owned Dodgecoin. This is 1.6 times the global adoption level of 19.1 percent.
However, the survey found that DOGE is not as popular as Bitcoin, Ether and Binance Coin in Asia. While more than three-quarters of cryptocurrency holders in Japan own bitcoin, holders in Singapore prefer ether. Whereas digital asset owners in Indonesia prefer to keep Binance Coin.
But the rise in popularity of Dodgecoin is not the first time that it is making headlines. In August, blockchain analytics firm Chainalysis confirmed that new investors were entering DOGE at a level not seen in nearly four years. But a large part of the supply of this mimecoin remains in the hands of a few big holders, which suggests that it is not as decentralized as other crypto assets.
Meanwhile, Cardano is another popular altcoin. According to the survey, Cardano is one of the most popular coins in Australia. More than a quarter of young cryptocurrency holders in the country hold the ADA crypto coin 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 have cryptocurrency globally. This shows that people are now coming forward in adopting crypto and its rate is increasing continuously.
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