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The Flip – Ethereum has overtaken Bitcoin in 26% of countries worldwide

The Flip – Ethereum has overtaken Bitcoin in 26% of countries worldwide, Crypto Trading News

May 5, 2022 – London, United Kingdom

CoinText.com did a study on the popularity of cryptocurrencies compiled in different nations, which concludes Ethereum In 26% of countries worldwide, including the US, investors outweigh the Bitcoin-Investors.

This adds fresh impetus to the flippening debate and underscores the differing beliefs surrounding certain cryptocurrencies around the globe.

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 is currently hampering the South American nation.

Commenting on the study, David Merry, CEO of Investoo Group, CoinText’s parent company said:

“[The study] is a fascinating look at the psychology of crypto investors in different countries and how alternative economic landscapes can shift sentiment to and from bitcoin and other coins.”

Solana against Ethereum

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 of 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 encompass some of the most important sub-sectors of the crypto market Bitcoin, DeFi, NFTs and memes.

The Flip – Ethereum has overtaken Bitcoin in 26% of countries worldwide, Crypto Trading News

happy added,

“Investors worldwide are a diverse bunch, all coming from different macro landscapes. They are looking for opposite ways of using their capital and each country has opposite risks/rewards [and] cultural and economic parameters [that] You work inside. The differing data between nations here only reinforces this.”

About CoinText

CoinText.com consists of a team of cryptocurrency and Blockchain-Experts and enthusiasts enlightening and informing readers about the many complex and challenging aspects of cryptocurrency. CoinText publishes a series of guides on trading, investing, mining and buying cryptocurrencies on the CoinText website.

Contact

Jayson Derrick, Senior News Editor at Investoo Group

The Flip – Ethereum has overtaken Bitcoin in 26% of countries worldwide, Crypto Trading News

The post The Flippening – Ethereum Has Overtaken Bitcoin in 26% of Countries Worldwide appeared first on The Daily Hodl.

Source: Crypto News Deutsch

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