The independent rating agency Weiss Ratings has conducted a Twitter poll in which they asked the crypto community which is their preferred digital currency. The options available were Bitcoin (BTC), XRP, Ethereum (ETH), Cardano (ADA). Surprisingly, the most voted option was XRP.
XRP Considered The Preferred Coin Of 5k Individuals
In a recent Tweet poll conducted by Weiss Ratings, more than 5000 individuals voted for XRP as their preferred currency. The second most voted option was Cardano, that received 24% of the votes, close to 2040. Meanwhile, Bitcoin was the third most voted coin with 12% choosing this digital asset. Finally, Ethereum received just 4% of the votes (~340).
— Weiss Ratings (@WeissRatings) March 12, 2019
XRP is the third largest digital asset in the virtual currency market. However, it has a large community that is very active on Twitter and social media. They are usually talking about the latest developments in the network and what Ripple does to improve its services.
Bitcoin is the largest digital currency in the market, thus it should have had more votes than just 12%. And Ethereum, that is the second largest blockchain network and digital asset received 4% of the votes. Clearly, this shows that Twitter has a large number of XRP supporters that is very active and engages with crypto-related content.
Ripple works helping financial institutions and companies to perform cross-border payments in a fast and reliable way. The main goal is to reduce transaction times and also the costs related to these kinds of transactions.
Bitcoin could also be used to perform cross-border transactions, but the fees paid by users are larger than using the Ripple Network. Now, Bitcoin is the largest digital asset, followed by Ethereum and in the third position XRP.
They have a market capitalization of $69 billion, $14 billion and $13 billion, respectively.