[PRESS RELEASE – London, England, 5th May 2022]
London, UK, May 4th, 2022 – CoinText.com has published a study on the popularity of cryptocurrencies compiled in all nations, which concludes Ethereum In 26% of countries worldwide, including the US, investors outweigh the Bitcoin-Investors.
This adds new impetus to The Flippening debate and underscores the differing beliefs around the globe surrounding certain cryptocurrencies.
alternative economic landscapes
Digging deeper, analysis shows that American bitcoiners are also from Dogecoin-Investors are outnumbered, with the US having the highest number of DOGE investors in the world. This is in stark contrast to Argentina, for example, which has a higher percentage of Bitcoin investors than any other country, perhaps in response to the crippling inflationwhich currently hampers the South American nation.
David Merry, CEO of Investoo Group, CoinText’s parent company, said the study is “a fascinating look at the psychology of crypto investors across countries and how alternative economic landscapes can shift sentiment to and from Bitcoin and other coins.”
Other conclusions of the study include the fact that more Japanese investors hold Solana than Ethereum, showing strong belief that Solana will ultimately be a better platform in the range of DeFi offers. Singapore, on the other hand, seems to be the most bullish nation on Ethereum.
The CoinText study data is dated January 2022 and comes from a survey in 27 countries. The results are weighted using Google’s interactive ranking process and reflect the national population distribution in each country. The examined coins – Bitcoin, EthereumSolana, Dogecoin and XRP – are among the largest coins in space and include some of the most important sub-sectors of the crypto market: Bitcoin, DeFi, NFTs & memes.
“Investors worldwide are a diverse bunch, all coming from different macro landscapes,” Merry added. “They are looking for contrasting ways of deploying their capital, and each country has contrasting risk-reward, cultural and economic parameters within which they operate – the disparate data between nations here only reinforces that.”
Data source: https://cointext.com/news/the-flippening-ethereum-has-overtaken-bitcoin-in-26-of-countries-worldwide/
CoinText.com consists of a team of cryptocurrency and Blockchain-Experts and enthusiasts who enlighten and inform readers about the many complex and challenging aspects of cryptocurrency. CoinText publishes a series of guides on trading, investing, mining and buying cryptocurrencies on its website.
Source: Crypto News Deutsch