Ethereum takes the crown as 2023’s most popular Bitcoin alternative, based on searches worldwide.
Dogecoin and XRP take second and third, respectively.
Bitcoin may be the trailblazer, but its alternatives are rising to prominence. A recent study by cryptocurrency experts at Marketplace Fairness has unveiled the top Bitcoin alternatives of 2023, with Ethereum taking the lead. The research delved into Google searches conducted worldwide for various Bitcoin alternatives to determine the most popular cryptocurrencies this year.
Ethereum Claims the Crown
Ethereum, a blockchain platform founded in 2015, has surged ahead as the most-searched Bitcoin alternative with a staggering 3,260,000 monthly searches globally. This blockchain, which debuted more than five years after Bitcoin, is capturing the attention of cryptocurrency enthusiasts worldwide, cementing its position as a formidable competitor.
Dogecoin’s Meme Coin Magic
In second place is the ever-popular Dogecoin, often dubbed a “Meme coin.” Boasting 1,659,000 monthly searches, Dogecoin has been making waves, particularly after earning a mention in Walter Isaacson’s biography of Elon Musk. Its unique and meme-driven culture has solidified its status in the cryptocurrency realm.
XRP’s Steady Standing
Ranking third is XRP, with approximately 1,250,000 global monthly searches. As the native cryptocurrency of the Ripple network, XRP has been in circulation since 2012, making it one of the veteran players in the crypto landscape. Its enduring presence indicates that it continues to attract attention in 2023.
The Memetic Shiba Inu
In fourth place is another “Meme coin” – Shiba Inu. With around 678,000 global monthly searches, this cryptocurrency founded in August 2020 experienced a meteoric rise in October 2021, witnessing a remarkable 240% increase in its value within a week.
Cardano’s Open-Source Appeal
Completing the top five is Cardano, garnering 677,000 searches each month worldwide. Founded in 2017 as a result of a crowdfunding campaign, Cardano is a fully open-source cryptocurrency that continues to gain momentum among investors and crypto enthusiasts.
A Glimpse at the Top 10
The study also revealed other prominent Bitcoin alternatives, with Solana and EOS making notable appearances in sixth and seventh place, attracting 542,000 and 329,200 searches monthly, respectively. Litecoin and Tether secured the eighth and ninth positions, with 328,000 and 193,000 searches, while Polkadot rounded out the top 10 with 183,000 monthly searches.
Marketplace Fairness, the cryptocurrency experts behind the research, noted that while Bitcoin remains the most recognized face of crypto, a diverse range of cryptocurrencies is steadily gaining traction. “Meme coins” such as Dogecoin can exhibit significant market volatility, and the cryptocurrency world continues to witness evolving dynamics as both popularity and value fluctuate.
As the cryptocurrency landscape continues to evolve, Ethereum’s reign in 2023 is testament to the ever-changing preferences and interests of crypto enthusiasts around the world. While Bitcoin may have paved the way, its alternatives are carving their path to global recognition and acceptance.