Wednesday, August 4, 2021

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 good contracts, decentralized finance, yield farming and non-fungible tokens, and has lengthy stood simply behind Bitcoin because the second-largest blockchain venture by market capitalization.

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

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

In keeping with the survey’s findings, 29% of respondents mentioned they have been aware of Dogecoin, in comparison with simply 21% who have been aware of Ethereum.

Of the overall 2,063 respondents, 89% mentioned that they had already no less than heard of cryptocurrency. Bitcoin was already recognized 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 that they had information. Some 18% of respondents mentioned they have been aware of 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 “progressive.” 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. Nearly half (44%) of respondents mentioned they’d be open to receiving cryptocurrency as a part of a web based cashback rewards program.