A new survey by Hong Kong-based exchange Huobi Global shows that two dog-themed memecoins are among the most popular crypto assets in the US.
The study polled 3,144 US adults, showing that Bitcoin is the most popular cryptocurrency in the country with over 83% of respondents saying they have heard of BTC.
Dogecoin (DOGE) is in second place with 54.10% of survey respondents saying they have heard of the top memecoin. Ethereum (ETH) takes third place, followed by Dogecoin competitor Shiba Inu (SHIB).
The survey also examines the biggest concerns that prevent respondents from participating in the cryptocurrency market.
52% say they are “not savvy enough to invest,” while 42% say investing in crypto is too risky. Additionally, 34% think that the lack of regulatory clarity on digital assets is keeping them from investing in crypto assets. Finally, lack of capital is also a concern of 25% of respondents.
As for the future of the crypto industry, survey respondents gave different answers but the majority were unknown at 42%.
Accordingly, 19% said that the crypto industry will change the definition of money; 23% said they are not confident about the future of the crypto industry and think it is all a “scam/bubble will collapse” and 16% believe that the crypto industry will “explode.” development, but not much.”