Asia is emerging as one of the biggest crypto markets in the world. With it being the home to India and China, the most populous countries. It is primed to become the leader in the crypto world.
Asia has been the primary market for many cryptos and exchanges. CoinMarketCap, the biggest destination online for crypto prices, in a tweet gave an overview of the top 10 crypto in Asia. While the list may seem simple, however, it is very shocking.
Top 10 cryptocurrencies list is as follows:
Xenon Pay II (X2P)
IRON Titanium Token (TITAN)
SHIBA INU (SHIB)
Mozart Finance (MELODY)
Safe Energy (ENERGYX)
Keep Network (KEEP)
Baby Doge Coin (BabyDoge)
Rise of The Meme coins
While to most this list may not look shocking but it is. There’s no Ethereum in the list, nor Cardano or DOT. Most of the top 10 cryptos are memecoins.
MoonStar, SHIBA Inu, Safe Moon, Safe Energy, Mozart Finance are all meme tokens with some others as well. The only tokens that are not meme tokens are Bitcoin, Xenon Pay II and Keep Network.
It is very shocking to see bitcoin on the 6th number. This may have been due to the price fall since May which has discouraged many investors. Ethereum and other fundamental coins are also not included because of this, in our view.