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More Americans have heard of Dogecoin than Ethereum: Survey

by Handy
May 25, 2021
in Litecoin
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More Americans have heard of Dogecoin than Ethereum: Survey
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In simply over 5 years because it launched, Ethereum launched the world to sensible contracts, decentralized finance, yield farming and non-fungible tokens, and has lengthy stood simply behind Bitcoin because the second-largest blockchain undertaking by market capitalization.

Dogecoin (DOGE) is a meme cryptocurrency which has supplied no innovation, has no actual raison d’etre, and is simply standard as a result of it turned the plaything of a well-known multi-billionaire in the course of the previous 12 months.

So naturally, as one would possibly count on, the typical citizen is already extra acquainted with Dogecoin than they’re with Ethereum. That’s in response to the outcomes of a survey carried out by Harris Ballot, along side CouponCabin, which requested over 2,000 adults in the USA to offer their ideas on cryptocurrencies.

In accordance with the survey’s findings, 29% of respondents stated they have been acquainted with Dogecoin, in comparison with simply 21% who have been acquainted with Ethereum.

Of the full 2,063 respondents, 89% stated that they had already at the least heard of cryptocurrency. Bitcoin was already identified to a majority (71%) of respondents, with Dogecoin being the second most well-known coin.

Different digital belongings that Individuals claimed familiarity with included the stablecoin launched by Coinbase and Circle, USD Coin (USDC), of which 21% of respondents stated that they had information. Some 18% of respondents stated they have been acquainted with Litecoin (LTC), and 10% stated Stellar (XLM) was identified to them.

When requested whether or not they believed cryptocurrencies would turn out to be the way forward for cash, 31% responded positively, and 30% stated they considered crypto as “revolutionary.” On the identical time, 23% of respondents stated they regarded cryptocurrency as a get-quick-rich scheme, whereas 19% characterised the know-how as shady or nefarious. Virtually half (44%) of respondents stated they’d be open to receiving cryptocurrency as a part of an internet cashback rewards program.



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