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More Americans have heard of Dogecoin than ETH: Research

coinnewsdaily by coinnewsdaily
May 27, 2021
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More Americans have heard of Dogecoin than ETH: Research
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In just over five years since it established, ETH introduced the world to smart contracts, decentralized fund, yield farming and non-fungible tokens, and has long stood just behind Bitcoin as the second-largest blockchain project by market capitalization.

Dogecoin (DOGE) is a meme cryptocurrency which has provided no innovation, does not have any actual raison d’etre, and is popular because it became the plaything of a famous multi-billionaire during the past 12 months.

So naturally, as one may expect, the average citizen is already more acquainted with Dogecoin than they’re with ETH. That is according to the results of a poll conducted by Harris Poll, in conjunction with CouponCabin, which asked over 2,000 adults from the United States to give their thoughts on cryptocurrencies.

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According to the survey’s findings, 29 percent of respondents stated they were familiar with Dogecoin, compared to just 21 percent who were familiar with ETH.

Of the overall 2,063 respondents, 89 percent stated they’d already at least heard of cryptocurrency. Bitcoin was already known to a majority (71 percent ) of respondents, with Dogecoin function as the second most well-known coin.

Some 18 percent of respondents stated they were familiar with Litecoin (LTC), and 10% stated Stellar (XLM) was known to them.

When asked whether they believed cryptocurrencies would become the future of cash, 31% responded favorably, and 30 percent stated they thought of crypto as”innovative.” At the same time, 23% of respondents said they considered cryptocurrency as a get-quick-rich plot, while 19% distinguished the tech as malicious or unethical. Almost half (44%) of respondents stated they would be open to getting cryptocurrency as part of an internet cashback rewards program.

 

Tags: BitcoinBlockchainCoinbaseCointelegraphDogecoinEthereuminternet cashback rewards programLitecoinonline cashback rewards programPayment systemsStellarTechnologyUnited StatesUSD
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