eToro has Announced the 10 Most Preferred Cryptocurrencies

eToro has announced the 10 most preferred cryptocurrencies. Cardano was the leader of the chart.

eToro, one of the leading cryptocurrency trading platforms, has listed which cryptocurrencies its customers hold the most. According to data dated June 30, 2021, eToro customers' first choice was Cardano, followed by Bitcoin and Ethereum. These two cryptocurrencies are followed by XRP and Dogecoin.

1. Cardano (ADA)
2. Bitcoin (BTC)
3. Ethereum (ETH)
4. XRP (XRP)
5. Dogecoin (DOGE)
6. Tron (TRX)
7. Stellar (XLM)
8. IOTA (IOTA)
9. Litecoin (LTC)
10. Ethereal Classic (ETC)

It is noteworthy that Cardano is at the top of the list. Cardano ranks fifth in the ranking by market capitalization. The popularity of small assets like Cardano among eToro customers is partly due to customers finding Bitcoin expensive and users turning to alternatives they see as cheap. On the other hand, the report pointed to the rapid increase in popularity of Dogecoin as the fifth asset despite its first appearance on this list. In the first quarter, these figures were different. Bitcoin was first, Cardano was second, followed by XRP. Since Dogecoin was added to eToro in May, there is no Dogecoin data for the first quarter. Speaking to Insider about the process of adding Dogecoin to eToro, eToro CEO Yoni Assia stated that the company made the decision to list it after deep evaluations and that it was not logical to initially list the Shiba Inu-themed token due to its background.