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    ETH is preferred by investors in 26% of countries worldwide over bitcoin

    CoinText recently compiled and released a report that is a study of cryptocurrencies across countries. According to the report’s findings, Ethereum (ETH) investors outweigh Bitcoin (BTC) investors in 26% of nations throughout the world. The United States is one of the countries where this is the case.

    The data included in CoinText’s analysis comes from a survey of 27 nations and dates back to January 2022. The report’s findings are weighted using Google’s interactive ranking algorithm, with Bitcoin, Ethereum, Solana, Dogecoin, and XRP among the currencies studied.

    “The study provides an insightful look into the psychology of crypto investors in other nations, and how alternate economic environments may move attitude to and away from Bitcoin and other coins,” says David Merry, CEO of Investoo Group, CoinText’s parent business.

    The survey also stated that the number of Americans who invest in Bitcoin is outpaced not only by the number of ETH investors, but also by Dogecoin (DOGE) investors, since the United States was recognised as the nation with the biggest number of DOGE investors worldwide.

    This is in sharp contrast to Argentina, which has the highest proportion of Bitcoin investors of any country. Citizens in Argentina may start adopting Bitcoin in response to the devastating inflation that is now afflicting the South American country.

    According to the report’s results, Japanese investors prefer Solana over Ethereum, implying that they feel Solana is the superior platform of the two. Singapore crypto investors, on the other hand, appear to be the most positive on Ethereum.

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