September 26, 2022

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The latest cryptocurrency market news for today.

DOGE, SHIB, ADA, SOL, BTC Among Most Heard Cryptos in the US: Huobi Survey

2 min read

Chinese crypto blogger and journalist Colin Wu, who covers everything to do with blockchain and crypto, has shared the results of a survey conducted by the leading Huobi exchange in January 2022 on crypto in the US.

Source: u.today

DOGE, SHIB, BTC, NFTs and Metaverse win in Huobi US survey

According to the research, in which almost 3,150 participants took place, the list of cryptocurrencies that Americans have heard of most often include meme crypto tokens Doge and SHIB, Cardano’s native coin ADA, as well as Bitcoin, BNB, SOL, Ethereum and the USDT stablecoin.

Bitcoin is on the first place here (83.46%), DOGE is the holder of the second one (54.10%), followed by ETH (39.41%). SHIB is on the fourth place with 28.31%. Cardano’s ADA is at the back of the list with 13.07% of the respondents having heard about this crypto.

Image via Twitter

Aside from that, US citizens have heard more about NFTs and Metaverse than DAO. 28 percent of the respondents said they have invested in digital currencies.

Huobi has left the Chinese market

As reported by U.Today, in the fall last year Huobi made a decision to withdraw from the Chinese market and shut down trading of crypto against CNY by December 31. CNY deposit and spot trading was frozen in mid-December.

Users of other regions, apart from the mainland China, remained unaffected by this move.

As a reminder, multiple crypto exchanges started mass exodus from the Chinese market after the Chinese government published a document in late September that declared all operations with cryptocurrencies illegal.

Prior to that, similar actions were taken against crypto miners and they began migrating from China to other locations – Canada, Kazakhstan and the US. However, due to the recent unrest in Kazakhstan, increase of gas tariffs, it is likely that miners will decide to leave for the US or other locations that offer friendly work conditions and cheap electricity to miners.

The temporary shutdown of the Internet in Kazakhstan caused a massive drop in the Bitcoin hashrate and was one of the reasons for Bitcoin’s plunge from the $46,500 area down to $43,000.

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