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- Ethereum leads as the most searched alternative to Bitcoin, followed by Dogecoin, Ripple, and Shiba Inu, according to Marketplace Fairness research.
- Despite Bitcoin’s dominance, there is a wide range of rising and volatile cryptocurrencies, including popular meme currencies.
- Memecoins such as Bone ShibaSwap and Doge Killer have recently seen significant declines, with Shiba Inu and Dogecoin also declining.
XRP and SHIB have found their place
Supposedly there is research conducted by cryptocurrency experts at Marketplace Fairness estimated Ethereum (ETH) is the most popular alternative to Bitcoin (BTC). The entity based its findings on Google searches showing which digital assets people are exploring the internet for. Marketplace Fairness has determined that there are over 3.2 million searches for ETH each month.
The first memecoin – Dogecoin (DOGE) – ranked second with about 1.6 million searches. Ripple’s native token – XRP – and DOGE’s competitor – Shiba Inu (SHIB) – came in third and fourth. The former has 1.2 million searches per month, while the latter records 678,000 searches.
Cardano (ADA), Solana (SOL), EOS (EOS), Litecoin (LTC), Tether (USDT), and Polkadot (DOT) are other top alternatives to Bitcoin (BTC) included in the top 10 list.
“Although Bitcoin is the trademark of cryptocurrency, there is still a wide range of cryptocurrencies around, many of which are on the rise.
“Memecoins like Dogecoin can often be somewhat volatile in the market, so it will be interesting to see how the global popularity of these coins compares to their value as the world of cryptocurrencies changes,” a Marketplace spokesperson reportedly said. Fairness.
Memecoins have been bleeding edge lately
Speaking of meme coins, it is worth noting that most of them have seen a significant decline recently amid an overall cryptocurrency market correction.
like CryptoPotato mentioned Earlier this week, Bone ShibaSwap (BONE) and Doge Killer (LEASH) were among the hardest hit, down 17% and 12% respectively in the past month. Shiba Inu (SHIB) and Dogecoin (DOGE) are also in the red.
Memecoins are an interesting place in the cryptocurrency industry and are known for their volatile nature. Those who are curious to know more about the most important and detailed ones can take a look at our dedicated video:
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