What Are The 5 Most Popular Cryptocurrencies In The USA?

Find out the most popular cryptocurrencies in the US worth buying now for future returns.

Last Updated August 24th 2021
15 Min Read

Searching for the most popular cryptocurrencies in the USA? Read on. We’ll be explaining what are the top 5 most popular cryptos and how you can start trading cryptocurrency in the USA. 

The cryptocurrency market has grown tremendously, opening up multiple opportunities for investors to secure a wealthy future. Especially in the US, the interest in digital assets is increasing at a rapid pace. This trend shows no sign of stopping anytime soon. Therefore, it is essential to know precisely what the most popular cryptocurrencies are in the US if you want to build a fruitful portfolio. 

Cryptocurrencies have been a hot topic of discussion on all platforms lately. Young investors to multimillion-dollar institutions, everybody is showing high interest in several cryptocurrencies in the US. So let us see whether these five cryptocurrencies have the potential to generate good returns over the long run for US investors. 

After the United Kingdom, the United States of America is home to the highest number of digital currency exchanges in the world — 27. The appetite for virtual assets is strong throughout the country and this shows no signs of slowing down. In fact, some of the most crypto-friendly cities around the globe can be found in America, from San Francisco to Jacksonville, FL. 

But which cryptocurrencies does America favour? From big names such as Bitcoin to altcoins with impressive growth, we’re taking a look at the cryptos which are keeping the North American market moving. 

That’s why we have put together a list of the best cryptos in the USA in 2021.

So without further ado…

The Most Popular Cryptocurrencies in the USA in 2021:

  • Shiba Inu (SHIB)
  • Bitcoin (BTC)
  • Dogecoin (DOGE)
  • Ethereum (ETH)
  • Ripple (XRP)

Wondering which cryptocurrencies top popularity lists in the USA? You’re in the right place. Read on to discover the 5 most popular cryptocurrencies in the USA and how the North American market is changing. 

1. Shiba Inu (SHIB)

Thanks to its strong community, Shiba Inu has started receiving global attention recently. 

Shiba Inu is one of the pet coins that has gained massive popularity since the growth of meme cryptocurrencies like Dogecoin. But SHIB is not merely a joke coin; instead, it was created to be an Ethereum-alternative to Dogecoin. It is an ERC-20 token that can be deployed on the Ethereum blockchain. Unlike other meme coins, SHIB even has a Whitepaper, known as the Woofpaper, that describes the project as a “100% community-based, cryptocurrency experiment." 

The Strong Community Behind SHIB

Shiba Inu Coin is one of the most popular cryptocurrencies in the US, thanks to its substantial growth since the beginning of 2021. It is now available in several major U.S cryptocurrency exchanges, boosting the SHIB token’s adoption rate. In addition, the coin has raked in huge profits for traders and investors, considering it was one of the best penny cryptocurrencies at the start of the year. 

One of the biggest reasons to buy SHIB is its growing fanbase. It is now a hot topic of discussion in international chat rooms, social media platforms, and among meme-makers. There is a strong community behind the success and popularity of the token today, which will drive SHIB to new heights in the coming years. 

Moreover, there is no centralized team or direct leadership behind Shiba Inu. Therefore, the project’s future lies in the hands of the dedicated community who have decided to invest their hard-earned money in it. The development team rightly calls the project an experiment in decentralized spontaneous community building. 

Yet another factor that drives the price of SHIB in 2021 is the token's listing as an option of payment by GrupoCino. The team announced in June 2021 that GrupoCinco, one of the largest entertainment groups in Paraguay, will start accepting SHIB in July. The token will be accepted as a form of payment for 24 outlets including, pubs, restaurants, and nightclubs. This will eventually expose SHIB to the 50,000 customers who engage with various company outlets, boosting SHIB token’s adoption rate. 

Even more, experts across most prediction portals believe that the token has plenty of room for growth, and buying Shiba Inu now could be one of the best financial decisions for future returns. 

Check Out: How to Buy Shiba INU in the USA

2. Bitcoin (BTC)

Bitcoin has gained more acceptance and popularity as an alternative asset in the financial world today. 

Bitcoin, the world’s oldest yet most popular and valued digital currency, is one of the preferred investment vehicles for US investors. With its worldwide acceptability, companies and institutions see it as owning a venture capital-backed asset. As a result, the price of Bitcoin has seen colossal growth since the beginning of 2021, hitting record highs. 

What Drives The Price Of BTC?  

Part of the reason why BTC has seen multiple price surges is its ever-increasing popularity among institutional investors. Several pension funds, foundations, and endowments have added Bitcoin to their portfolios over the past two years. This also includes the largest asset manager BlackRock and Massachusetts Mutual Life Insurance Co. Also, around 2300 businesses, including Tesla, have started accepting BTC as their payment in the United States. 

Why Is Bitcoin Popular In The US?

The distrust of financial corporations was at its peak right after the global financial crisis in 2007-2008 and the US real estate crash. This was when Bitcoin entered the market completely separated from centralized organizations such as banks or credit lenders. 

Surprisingly, the first real-world Bitcoin transaction occurred in 2010. A software developer from Florida bought two pizzas for 10,000 BTC. The day is still celebrated as the ‘Bitcoin Pizza Day,’ and investors often celebrate by buying pizza with their own crypto reserves. This was the initial step of a lucrative investment sector in the US and worldwide. There are almost 64 million Bitcoin wallets available today. According to reports, a substantial percentage of Bitcoin users are living in the United States. 

Moreover, digital payment companies like PayPal Holdings and brokerage companies like Robinhood and Webull have now entered the retail market, allowing investors to buy Bitcoin. Bitcoin is one of the most popular cryptocurrencies in the US. Despite its high volatility, investors see buying BTC as similar to owning gold and operating as a safe haven. 

Read Also: How To Buy Bitcoin In The USA

3. Dogecoin (DOGE)

With its massive popularity across platforms, the price of DOGE has hit record highs in 2021.

Dogecoin, the most popular cryptocurrency, has seen its value rise higher over the past few weeks. The unique meme cryptocurrency was born out of the legendary dog meme and crypto movement in 2013 when cryptocurrency was picking up its pace. But the crypto has evolved to be more than just a joke and started gaining serious attention from investors very shortly. 

One among many reasons to buy DOGE is that it consumes very little energy. At a time when the sustainable nature of cryptocurrencies is a heating topic in the market, Dogecoin has an added advantage. Since it uses the scrypt mining algorithm, Dogecoin is highly energy-efficient and environmentally friendly. 

The Rising Popularity Of DOGE Across Social Media Platforms

One reason for the increasing price surge of DOGE is the growing internet community behind the token. The token has users across social media networks such as Twitter, Reddit, TikTok, and Facebook, who positively influence the growth and popularity of DOGE.

Along with social media users, celebrities like Elon Musk have also been one of the ardent supporters of the token, expressing his support via a series of tweets. Musk was joined by billionaire entrepreneurs like Marc Cuban and brands like Snickers and Slim Jim beef jerky, voicing their support in the meme cryptocurrency through social media channels.

With more people, including millennials, trading and investing in cryptocurrencies like Dogecoin, the price and popularity of the meme token will continue to increase. Coinbase has also started supporting Dogecoin, opening the door for nearly 9 million MTU to access DOGE.

Don't Miss: How To Buy Dogecoin in The USA

buy dogecoin

4. Ethereum (ETH)

ETH has seen a colossal rise since the beginning of 2021, hitting new record highs. 

Ethereum is much more than just a cryptocurrency. It is an open-source operating system and computing platform supporting distributed applications (dApps) and smart contracts. ETH has been one of the popular choices for investors and institutions alike. The coin also holds the name of the first programmable money in the world. 

The Rising Popularity Of Ethereum In The USA 

Ethereum is one of the most popular cryptocurrencies in the US, thanks to its advanced blockchain technology. ETH started gaining massive traction back in March 2020 when CONA Services (Coke One North America) announced that it would be using the Ethereum blockchain to enjoy the benefits of decentralized finance(DeFi). 

CONA Services, the tech partner of the 12 biggest coca-cola bottling plants in the United States, has been carrying out transactions in the Ethereum blockchain so far, boosting its popularity. They chose the network to increase transparency throughout its supply chain, and Ethereum served its purpose. 

ETH 2.0 - The Game Changer 

Yet another reason to buy Ethereum now is the expected launch of its most significant upgrade, Ethereum 2.0. It is a powerful transformation that will fix a mounting challenge for cryptocurrencies - environmental sustainability. The network will soon switch to the Proof of Stake (PoS) from the Proof of Work (PoW), making the network more energy efficient. 

Also, several established companies in the world are now showing interest in the token boosting the price of ETH to new highs. For instance, ING Group, a Dutch multinational bank with more than $1.1 trillion in assets, is using Ethereum to settle payments, trading documents, and bilateral lines of credit. Apart from this, TD Ameritrade, part of discount broker Charles Schwab Corp, is utilizing Ethereum to promote smart contract future trades. Therefore, Ethereum has the potential to revolutionize the way financial transactions are made in the future. 

Check Out: How to Buy Ethereum in the USA?

5. Ripple (XRP)

Ripple is adopted by several mainstream financial institutions and banks worldwide, boosting XRP’s popularity and growth. 

Ripple, the company behind the XRP token, describes itself as a payment solutions company. Today XRP is deployed by several financial institutions to facilitate cross-border payments between countries seamlessly. It is a unique cryptocurrency designed to solve a real-world issue, a significant reason for its increasing popularity. 

The purported goal of the token is to simplify financial payments as the traditional monetary payment system is fragmented, expensive, and complicated. Ripple offers faster, cheaper, and more secure alternatives to facilitate cross-border payments using XRP. Ripple is one of the most popular cryptocurrencies in the US because of its utility. While according to expert predictions, with more institutional adoptions, XRP would soon become even more popular in the country. 

Pros and Cons of Investing in Ripple, Will It Be a Millionaire Maker?

Is Ripple A Good Buy?

According to CryptoWhale, “The only project in the entire market that is pushing for Crypto Regulations is XRP. They know that once these regulations are added, it will completely annihilate almost every other altcoin and make XRP’s demand skyrocket.” 

Ripple has been continuously working with government agencies to ensure compliance for years. Therefore, once US regulations are enforced, the cryptocurrency would take full advantage, skyrocketing the price of XRP to new highs. 

Moreover, Ripple can become a viable alternative to SWIFT and establish itself as the leading solution for secure, standardized, and reliable cross-border payments in the future. 

Read More: How To Buy Ripple in the USA

What Are The Key Cryptocurrency Trends In The USA? 

cryptocurrencies in the us

It is always interesting to predict the crypto industry’s trajectory, as it is developing in unique ways, opening up novel opportunities for investors. 2021 has been a prolific year as cryptocurrency trends are now shaping the future of finance, especially in countries like the USA. A report by Chainalysis shows that North America is the third most active country in the cryptocurrency market, after Western Europe and East Asia. There has been a rising interest in Bitcoin in the region since the beginning of the year. 

After a detailed survey, the analytic firm confirms that the US’s preference for BTC is significantly higher than any other region. Furthermore, apart from investors, millennials have also started showing interest in the crypto space, paving the way for new cryptocurrency trends in the country. Along with Bitcoin, the US also has shown rising interest in Ethereum, meme coins like Dogecoin and Shiba Inu, and potential altcoins like Ripple XRP. 

By gaining more exposure and knowledge about the cryptocurrency world, millennials would be able to invest strategically and create novel trends in the US cryptocurrency market shortly. 

It’s no coincidence that 3 of the 5 most popular cryptocurrencies in the USA are based on Ethereum technology (ETC, ShIB Cash, and DOGE). According to a report by the analytics company Chainalysis, North America — which is the third most active country in the cryptocurrency market, after Western Europe and East Asia — favours Bitcoin cryptos above all others. 

The report claimed that this level of favour was ‘disproportionate’ compared to other countries. As part of its research, Chainalysis analysed how popular different categories of crypto are in key regions around the world. They did this by dividing cryptocurrencies into Bitcoins (BTC), stablecoins, and altcoins, before working out what percentage of regional activity concerned each category. They discovered the following: 

  • East Asia: 51% BTC, 33% stablecoins, 16% altcoins
  • Western Europe: 66% BTC, 21% stablecoins, 12% altcoins
  • North America: 72% BTC, 17% stablecoins, 11% altcoins
  • Eastern Europe: 57% BTC, 30% stablecoins, 13% altcoins
  • Central and Southern Asia: 53% BTC, 35% stablecoins, 12% altcoins
  • Latin America: 63% BTC, 26% stablecoins, 11% altcoins
  • Middle East: 54% BTC, 33% stablecoins, 14% altcoins
  • Africa: 69% BTC, 21% stablecoins, 10% altcoins

The US’s preference for BTC is noticeably higher than any other region, with Africa the second highest at 69%. So why does the USA favour Bitcoin currencies? 

Cryptocurrency Trading Strategy In The USA

One of the most significant parts of cryptocurrency investment is a unique trading strategy. Since the market is highly volatile and vulnerable, it is always important for investors to choose a plan that suits their investment journey. 

Reports have found that US investors are far more likely to employ a long-term investment plan of action than those in other regions. This includes buying and holding an asset for a specific duration rather than making quick trades. 

The Chicago Mercantile Exchange (CME) opens a wealth of volatility strategies for traders by offering options on Bitcoin futures. Volatility trades are a unique strategy and are ideally directionless. That is, there is a possibility of making money whether the coin goes up or down. For instance, the long straddle is one such directionless volatility strategy using Bitcoin options. It is often profitable when BTC falls or rises away from the strike price by more than your premium. 

However, whether it's day trading, long-term investment strategy, or volatility trading, it solely depends upon the choice of an investor’s preferred journey in the crypto investment arena. 

Invest In The Most Popular Cryptocurrencies In The USA

Therefore, like any investment, cryptocurrencies also come with risks and potential rewards. Thus it is always recommended to create your own unique investment strategy before buying any cryptocurrencies. 

However, the US has always been keen on cryptocurrencies and has slowly started to accept them as an alternative investment class. With more than 7000 digital assets, choosing the correct token would be a daunting task for investors. Therefore, above mentioned are the most popular cryptocurrencies in the US to watch in the coming years. Buying these potential cryptocurrencies now would likely help you generate good returns over the long run.

Whether you’re an experienced trader or just starting out, there’s no doubt that the 5 most popular cryptocurrencies in the US are potentially strong additions to your portfolio. We hope this article has shown you why so many Americans have chosen to invest in these cryptos  — and if you think the time has come to start trading too, the next step is to find a reputable US broker. 

The multi-asset brokerage company eToro gives you the opportunity to invest in more than 90 cryptocurrencies, including the 5 we’ve included in this list. eToro has offices in the United States, the United Kingdom, and Australia. Fully regulated by the Financial Crimes Enforcement Network (FinCEN), it’s a trusted choice for those who wish to invest in the most popular cryptocurrencies in the USA.

eToro – Buy The Most Popular Crypto Assets in The USA

eToro have proven themselves trustworthy within the Crypto industry over many years – we recommend you try them out.

Virtual currencies are highly volatile. Your capital is at risk.

Key Points

  • The five most popular cryptocurrencies in the USA are Shiba, Ethereum, Bitcoin, Dogecoin, and Ripple 
  • 27 digital currency exchanges are registered in the USA 
  • San Francisco and Jacksonville are two of the most crypto-friendly cities in the world
  • Bitcoin is the most popular cryptocurrency in the USA (and the rest of the world) 
  • 5% of Americans currently own Bitcoin
  • 716 businesses offer BCH payments in the US and South America combined 
  • Ripple’s campaign to set US cryptocurrency regulations could drive its popularity up
  • The most popular cryptocurrencies in the US are built on the Ethereum and Bitcoin technology 
  • 72% of US cryptocurrency activity concerns BTC 
  • US investors seem to prefer to hold cryptocurrency as opposed to making high-frequency trades

FAQs 

Is cryptocurrency legal in the USA? 

Bitcoin was officially legalized in the USA in February 2020. However, it’s not considered legal tender and is taxed as a form of property rather than currency.

Where can I get cryptocurrency in the USA? 

The broker eToro is a safe and reputable way to start trading cryptocurrency in the USA. It has offices in the US and is regulated by the Financial Crimes Enforcement Network (FinCEN). Using eToro, you can access more than 90 different cryptocurrencies. 

Who regulates Bitcoin in the US?

Although Bitcoin isn’t legally classed as money, the Financial Crimes Enforcement Network (FinCEN) has recognized crypto exchanges as money transmitters and considers tokens have “value that substitutes for currency.” 

Does Amazon US accept Bitcoin? 

Currently, Amazon US doesn’t officially accept Bitcoin payments for products. However, it is possible to pay for Amazon gift cards using Bitcoin. 

How do I convert Bitcoin to dollars? 

You can convert your Bitcoins to dollars by selling it on a cryptocurrency exchange, such as eToro. Simply sell your crypto for dollars and withdraw your payment to a bank account. 

Is cryptocurrency a good investment? 

Investing in cryptocurrency in the US is generally considered a high-risk investment. This is because the value of assets such as Bitcoin can be incredibly volatile. It’s important to do your due diligence and have a robust risk management strategy in place before you start investing in cryptocurrency in the US. 

Is it legal to buy and sell Bitcoin in the US? 

Buying and selling Bitcoin is legal in the US — as long as you go through a regulated exchange. If you try to trade Bitcoin without going through an exchange, you’ve technically committed a crime. This is because Bitcoin is taxed as property rather than currency. Just as you’d go through an estate agent to sell your home, you need to go through a regulated crypto exchange to sell your Bitcoin in the US. 

We hope our article The 5 Most Popular Cryptocurrencies In The USA was useful to you and saved you some time in your research.

Disclaimer: Cryptocurrencies are highly volatile. Your capital is at risk and Past performance is not an indication of future results.

Top Brokers in
    All Regulated Brokers
    67% of retail clients lose money when trading CFDs with this provider.