More Americans have heard of Dogecoin than Ethereum: Survey


In simply over 5 years because it launched, Ethereum launched the world to good contracts, decentralized finance, yield farming and non-fungible tokens, and has lengthy stood simply behind Bitcoin because the second-largest blockchain challenge by market capitalization.

Dogecoin (DOGE) is a meme cryptocurrency which has offered no innovation, has no actual raison d’etre, and is barely fashionable as a result of it turned the plaything of a well-known multi-billionaire throughout the previous 12 months.

So naturally, as one would possibly count on, the common citizen is already extra conversant in Dogecoin than they’re with Ethereum. That’s in line with the outcomes of a survey performed by Harris Poll, together with CouponCabin, which requested over 2,000 adults within the United States to provide their ideas on cryptocurrencies.

According to the survey’s findings, 29% of respondents mentioned they have been conversant in Dogecoin, in comparison with simply 21% who have been conversant in Ethereum.

Of the full 2,063 respondents, 89% mentioned they’d already a minimum of heard of cryptocurrency. Bitcoin was already recognized to a majority (71%) of respondents, with Dogecoin being the second most well-known coin.

Other digital belongings that Americans claimed familiarity with included the stablecoin launched by Coinbase and Circle, USD Coin (USDC), of which 21% of respondents mentioned they’d information. Some 18% of respondents mentioned they have been conversant in Litecoin (LTC), and 10% mentioned Stellar (XLM) was recognized to them.

When requested whether or not they believed cryptocurrencies would develop into the way forward for cash, 31% responded positively, and 30% mentioned they considered crypto as “innovative.” At the identical time, 23% of respondents mentioned they regarded cryptocurrency as a get-quick-rich scheme, whereas 19% characterised the expertise as shady or nefarious. Almost half (44%) of respondents mentioned they’d be open to receiving cryptocurrency as a part of a web based cashback rewards program.

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