"What cryptocurrency do you think Malaysians like the most?"
Although the cryptocurrency market is growing rapidly, the volatility of the digital asset's price movements worries many investors who are afraid of incurring some losses.
Following that, this article will identify which cryptos are the most loved and hated by people around the world.
Ethereum (ETH) and Solana (SOL) are the most loved cryptos in the world
The ETH platform which has over 3,000 applications relying on their blockchain is based on decentralized finance (DeFi) aiming to further expand the use of crypto.
Like to be informed that most investors see DeFi as the future of follow-on cryptos able to offer various alternatives to traditional financial services.
Bitcoin (BTC) 2022 crash creates negative Twitter hype
The crypto market crash of 2022 that saw BTC and ETH lose most of their value has disappointed investors, with 16 countries found to be averse to the digital asset.
While Axie Infinity (AXS), a popular metaverse game that is struggling in 2022 due to a dwindling player base is among the most hated cryptos in seven countries.
The East Coast of America trusts ETH the most
ETH is America's favorite crypto and is strongest in its nine states including six in the eastern part of the country as they believe the digital asset has the potential to overtake BTC as the most valuable crypto.
People in the United States (US) also believe in Decentraland (MANA), which is an ETH based ETH linked to the 3D metaverse, where users can buy or sell virtual land as non-fungible tokens (NFT).
AXS is the US most hated crypto
Of the 11 largest cryptos in the market, AXS is the most hated by the US and ten other states after losing 90% of its value last year following a $600 million hack and dwindling player base due to competition.
Crypto underperforms and fails the most to put pressure on investors
BTC and Dogecoin (DOGE) are among the top ten cryptos with the highest negative sentiment, but Ripple (XRP) is the digital asset most angered by investors after being sued by the Securities and Exchange Commission (SEC) (US) in 2020 and delisted by Coinbase.
While Algorand (ALGO) is the digital asset most in demand by Twitter users due to its unique approach to security through blockchain consensus and proof-of-stake (PoS).
Crypto investors in the US are really excited about Stellar
Stellar gained interest from many investors after the Ukrainian government announced that it would develop its own digital infrastructure and its price soared when Franklin Templeton became the first investment company to launch a mutual fund through the Stellar blockchain.
