A new survey from the Japan-based crypto exchange Bitmax shows Bitcoin and XRP are neck-and-neck in popularity.
The exchange released the results of its poll on Twitter. It shows that BTC is the favorite crypto asset among 26% of respondents, with XRP behind by one percentage point, at 25%.
Ethereum clocks in at a distant third, with 9% of the vote. The remaining 40% is made up of various altcoins including NEM, Mona, Nano, Chainlink and Chiliz.
A total of 1,498 people participated in the survey.
— BITMAX (@BITMAX_JP) June 12, 2020
The Japanese messaging giant Line launched Bitmax in September of last year after receiving approval from the country’s Financial Services Agency.
The results of the survey line up with data from the Japanese crypto exchange JVCEA, which reported that Bitcoin, XRP and Ethereum, ranked first, second and third as the most popular coins on its platform throughout 2019.
The three coins are on very different trajectories in 2020. This year, Bitcoin has rallied from $7,203 to $9,391 – a 30% increase. Ethereum has moved from $130.67 to $229.30 – a 75% increase. Meanwhile, XRP has remained flat and is now exactly where it began at the start of the year, at $0.19.
Analyzing the most popular coins by global trading volume reveals a very different story.
According to CoinMarketCap, the most popular coin by volume is Tether, followed by Bitcoin, Ethereum, Litecoin, Bitcoin Cash, EOS and XRP.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Toria