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It turned out that the Shiba Inu meme cryptocurrency is more popular among Australians than XRP and Cardano. Five percent of Australians have heard of the coin making huge gains this year, while 3% and 2% know something about the other two cryptocurrencies.
As you might expect, bitcoin is at the top of the list, with 38% of survey participants recognizing it as the king of cryptocurrencies. Ethereum, Binance Coin, and Dogecoin are also in the top five, ahead of Shiba Inu.
Interestingly, only a tiny 1% of Australians have an idea of what Avalanche is.
It makes sense that Shiba Inu is much more recognizable among millennials than among the baby boomer generation (7% and 1%, respectively).
Earlier this year, the SHIB token attracted attention with its rapid growth, previously American investors were conquered by the original dog-themed meme token Dogecoin, which in May this year was more popular than Ethereum.
Only 11% of Australians who took part in the survey believe they fully understand what cryptocurrency is. 42% of respondents say they would use cryptocurrency if it became legal tender in the country. Most of them would either use cryptocurrency for savings or make purchases with it (34% and 23%, respectively).
Twenty-five percent of Australians agree that cryptocurrency should be recognized as the official currency in the country.
#Australia #Shiba #Inu #coin #popular #XRP #Cardano
