Extra Individuals have heard of Dogecoin than Ethereum: Survey

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 challenge by market capitalization.

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

So naturally, as one would possibly anticipate, the typical citizen is already extra conversant in Dogecoin than they’re with Ethereum. That’s in keeping with the outcomes of a survey performed by Harris Ballot, along with CouponCabin, which requested over 2,000 adults in america to present their ideas on cryptocurrencies.

In response to the survey’s findings, 29% of respondents stated they had been conversant in Dogecoin, in comparison with simply 21% who had been conversant in Ethereum.

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

Different digital property 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 had been conversant in Litecoin (LTC), and 10% stated Stellar (XLM) was recognized 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 expertise as shady or nefarious. Nearly half (44%) of respondents stated they’d be open to receiving cryptocurrency as a part of an internet cashback rewards program.