Meme coins like SHIB and DOGE remain popular among the cryptocurrency community. However, a recent survey reveals that the most popular altcoin project in the bear market is not a meme coin. Here are the details…
Cardano network continues to grow
A recent Twitter poll shows that ADA is the top cryptocurrency in the bear market. As it is known, Cardano is among the most flexible networks in the Blockchain space. The network’s founder, Charles Hoskinson, would market the project well. In fact, their marketing techniques involved portraying Cardano as a blockchain that values rigor over speed. The team introduced the entire network as a futuristic system.
However, Cardano continued to evolve. The network periodically issues forks. These forks are made to introduce new products to users and keep the network moving. Many people attribute the rise of the Blockchain network to these fork upgrades. But no matter what anyone says, the popularity of Cardano and thus the native cryptocurrency ADA is also evidenced by the data. Accordingly, London Real conducted a survey on Twitter. The survey consisted of a single question: “Which crypto do you hold the most in a bear market?”. Many thought that the cryptocurrency with the most votes would be SHIB. However, the data revealed that ADA is the most favored altcoin in the Twitter community.
Not the most held altcoin in the bear market, SHIB is not, ADA
Actually, London Real did not put the SHIB option in the survey. The company will respond to the question asked; He identified it as Bitcoin, Ethereum, ADA and finally others. Through the survey, London Real aimed to reveal which cryptocurrencies investors held the most during the bear market.
https://twitter.com/IOHK_Charles/status/15341882479919624192
According to the survey result, the crypto community, Bitcoin, Ethereum and other cryptocurrencies he keeps more ADA in his wallets than coins. Accordingly, Cardano took the first place with a score of 77%. It was followed by Bitcoin and Ethereum, both with 11% of the vote. The lowest rate was the others with 7%. Cardano founder Charles Hoskinson shared his comment by retweeting the poll. “Cardano always has a strong look,” Hoskinson said.
Before Vasil Hard Fork
If you’ve been investing in cryptocurrencies, you know that people always want to invest in promising projects. In fact, the results of the survey may be related to Cardano’s upcoming hard fork. As Kriptokoin.com reported, the popular Blockchain will launch the Vasil Hard Fork upgrade on June 29. With the upgrade, the support of smart contracts used in the network will become easier. Historically, the ADA price has risen during periods of such upgrades. This may be the reason why people are turning to ADA rather than hype cryptos like SHIB despite the bear market. In fact, the ADA price is already experiencing the effects of the Vasil upgrade. The popular altcoin has gained 9.8% in the last 24 hours.
