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 undertaking by market capitalization.

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

Related articles

So naturally, as one may count on, the common citizen is already extra acquainted with Dogecoin than they’re with Ethereum. That’s in keeping with the outcomes of a survey performed by Harris Ballot, along side CouponCabin, which requested over 2,000 adults in the US to offer their ideas on cryptocurrencies.

Based on the survey’s findings, 29% of respondents mentioned they have been acquainted with Dogecoin, in comparison with simply 21% who have been acquainted with Ethereum.

Of the entire 2,063 respondents, 89% mentioned they’d already no less than 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 mentioned they’d data. Some 18% of respondents mentioned they have been acquainted with Litecoin (LTC), and 10% mentioned Stellar (XLM) was identified 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 “revolutionary.” On 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. Virtually half (44%) of respondents mentioned they’d be open to receiving cryptocurrency as a part of an internet cashback rewards program.