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Survey Shows ADA Is the Most Widely Held Crypto in the Bear Market

Cryptocurrency Jun 10, 2022 07:00AM ET
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Survey Shows ADA Is the Most Widely Held Crypto in the Bear Market

  • Out of 8,861 total votes casts, 76.9% of the respondents picked ADA.
  • This represents the third victory for ADA in a major Twitter (NYSE:TWTR) poll since January 2022.
  • ADA gained above 6% in the last 7 days, where BTC, ETH, and BNB all had negative values.

Yet again, Cardano (ADA) won by a landslide margin in a Twitter poll against Bitcoin (BTC) and Ethereum (ETH). The poll was conducted by London Real TV on Twitter on June 6, 2022.

The Twitter poll simply asked people to vote for the coin they feel confident holding in this bear season. Out of 8,861 total votes casts, 76.9% of the respondents picked ADA. BTC got 11% votes, while ETH got only 5%.

This represents the third time ADA would win in a major Twitter poll since January 2022.

In a poll conducted last month by The_Bicoin_Express on Twitter, ADA won by 80.3% against Solana (SOL), Avalanche (AVAX), and Algorand (ALGO), which all had below 10% votes out of the 15,458 total votes cast.

The largest poll so far was the one run by Vitalik Buterin in January 2022, the co-founder of the Ethereum Network, where over 600k people participated. ADA won against BTC there by 42%. BTC came second in the race by 38.4%

ADA is the native token of Cardano, a proof-of-stake blockchain. According to TheCoinRepublic, Cardano is one of the most stable blockchain networks in the cryptocurrency industry. Its founder, Charles Hoskinson, also a co-founder of the ETH network, defined ADA as a solid, futuristic technology with a programming staff that places a premium on accuracy over speed.

ADA is one of the top six cryptocurrencies, with a market cap of over $21 billion. It outperformed its peers in the last seven days, gaining above 6%, where BTC, ETH, and BNB all had negative values. At the time of writing, ADA trades at $0.6098.

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Survey Shows ADA Is the Most Widely Held Crypto in the Bear Market
 

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