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$DOGE & $SHIB AMONGST MOST POPULAR CRYPTO IN U.S
A new survey by Hong Kong-based cryptocurrency exchange Huobi Global reveals that two dog-themed memecoins are among the most popular crypto assets in the US.
The study, which polled 3,144 US adults, shows that Bitcoin (BTC) is the most popular cryptocurrency in the country with over 83% of the sample size responding that they’ve heard of BTC.

Dogecoin (DOGE) comes in at number two with 54.10% of survey respondents saying they have heard of the leading memecoin. Ethereum (ETH) takes the third slot followed by Dogecoin competitor Shiba Inu (SHIB).

The survey also looks at the biggest concerns stopping the respondents from participating in the crypto markets.
Fifty-two percent say that they are “not knowledgeable enough to invest,” while 42% say that investing in cryptocurrencies is too risky.
Meanwhile, 34% claim the lack of regulatory clarity on digital assets is keeping them from investing in crypto assets.
Lack of sufficient capital is also a concern for 25% of the respondents.
The survey also explored the respondents’ views on the future of the cryptocurrency industry.
According to the survey, 19% say that the cryptocurrency industry will transform the definition of money.
On the other hand, 23% say they are not confident about the future of the crypto industry and think it is all a “scam/bubble” that is “going to collapse.”
Per the survey, 16% believe that the crypto industry will “grow, but not by much.”
Imminent Rally for BTC?
A sizeable rally for Bitcoin (BTC) is a very likely scenario in the coming days.

In a new strategy session, patterns in BTC’s historic price actions show an upcoming 20-30% rally

Since early 2021, whenever Bitcoin hits a massive price dip, it usually falls below that point again in the following days or weeks before rallying. BTC may be in the phase of this process where it’s ready to surge.

A price of somewhere between $50,000 and $53,000 makes the most sense as a target for a relief rally given that sellers are likely to defend that range as resistance.

However, Bitcoin will have to kick off its rally by breaking through the $45,600 mark first.

  • Bitcoin is currently at just above $43,000, a 6% increase from its seven-day low of $40,683.