These meme coins and XRP are among the most popular alternatives to Bitcoin (report).
TL; DR
According to Market Equity Research, Ethereum is the most sought-after alternative to Bitcoin, followed by Dogecoin, XRP and Shiba Inu. Despite Bitcoin's dominance, there are many growing yet volatile cryptocurrencies, including the popular memecoins. Memecoins like Bone ShibaSwap and Doge Killer have experienced significant drops recently, with Shiba Inu and Dogecoin also in the red.
XRP and SHIB have found their place
A study by cryptocurrency experts on the fairness of the marketplace is expected Estimate Ethereum (ETH) is the most popular alternative to Bitcoin (BTC). The law shows its results based on Google searches for what digital assets people are browsing the Internet for. Marketplace Equity has determined that there are over 3.2 million ETH searches per month.
The first memecoin in history – Dogecoin (DOGE) – ranked second with approximately 1.6 million searches. Ripple's native token – XRP – and DOGE's rival – Shiba Inu (SHIB) – came third and fourth. The former has 1.2 million searches per month, while the latter registers 678,000.
Cardano (ADA), Solana (SOL), EOS (EOS), Litecoin (LTC), Tether (USDT) and Polkadot (DOT) are other great alternatives to Bitcoin (BTC) included in the top 10 list.
“While Bitcoin is the poster child of crypto, there are still many types of cryptocurrencies around, many of which are on the rise.
“Memecoins” like Dogecoin can often be volatile in the market, so it will be interesting to see the global popularity of these currencies compared to their value as the crypto world changes, said a spokesperson for Marketplace Equity.
Memecoins has been bleeding lately.
If we talk about memecoins, it is worth mentioning that most of them have been on a steep decline in the recent general correction of the cryptocurrency market.
Like CryptoPotato reported Earlier this week, Bone Shibaswap (BONE) and Doge Killer (LEASH) were among the hardest hit, with nose dives of 17% and 12% respectively over the past month. Shiba Inu (SHIB) and Dogecoin (DOGE) are also in red.
Memecoins are an interesting part of the cryptocurrency industry and are known for their dynamic nature. Those who are curious about the leaders and their details can watch our dedicated video:
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