Why basketball is less popular worldwide than soccer

What could be the reason? Basketball is a ball sport that shares many similarities with soccer. It is quite accessible, doesn't require much equipment or money like baseball—you can play with just a hoop and a ball—and it isn't difficult to play like baseball. It is a simple sport like soccer, but it features more scoring, so it isn't boring. It is also a great sport to watch because it is exciting, with high-speed gameplay and flashy skills and showmanship like slam dunks and alley-oops. In a way, it has more entertainment value and elements for success than soccer, which can sometimes be boring due to the low number of goals. So, why is it less popular than soccer?