- Ethereum is the most popular Bitcoin alternative in a whopping 28 countries, a margin higher than any other currency.
- Pi Coin is the most popular in 8 countries, with Ripple following behind in 3 countries.
New research has revealed the most popular Bitcoin alternative in each country.
The study by cryptocurrency experts Marketplace Fairness analyzed Google Trends data to see what the most popular Bitcoin alternatives, or “altcoins” were in every country in Europe.
It found that Ethereum has an overwhelming majority across Europe, being the most popular Bitcoin alternative in 28 countries, including France, Germany, and Ireland. Founded in 2015, it’s historically been one of the more prevalent alternatives to Bitcoin, and it hit its peak value in November 2021.
Pi Coin is the most popular cryptocurrency in eight European countries, notably Serbia, Romania, and Croatia. It was launched alongside the Pi Network in 2019, with the intention of bringing crypto mining to everyday users via the ability to mine the coin through a smartphone app.
Ripple was the most popular currency in three countries: the Netherlands, Luxembourg, and the United Kingdom. Launched in 2012, it makes its way onto the list as one of the older Bitcoin alternatives.
Dash, Cardano, and Tether were found to be the most popular cryptocurrencies in one country each. Dash was found to be the most popular currency in Armenia, Cardano was the most popular in Finland, and Tether was the most popular in Montenegro.
Commenting on the findings, a spokesperson for Marketplace Fairness said: “While Bitcoin may be the first choice for some people into Crypto due to its media coverage in the past, it’s good to see how diverse the market is when you look outside of Bitcoin. Despite Ethereum being the most popular in more countries by a big margin, it doesn’t completely dominate Europe either, and it’ll be interesting to see how these results change with all the crypto-related news at the moment.”
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