October 1, 2022

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.

Source: Moneycontrol

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).

Source: Huobi Global

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.

Source: Huobi Global

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.”