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 undertaking by market capitalization.

Dogecoin (DOGE) is a meme cryptocurrency which has offered no innovation, has no actual raison d’etre, and is simply well-liked 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 common citizen is already extra aware of Dogecoin than they’re with Ethereum. That’s based on the outcomes of a survey performed by Harris Ballot, at the side of CouponCabin, which requested over 2,000 adults in america to provide their ideas on cryptocurrencies.

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

Of the entire 2,063 respondents, 89% stated 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 property that Individuals claimed familiarity with included the stablecoin launched by Coinbase and Circle, USD Coin (USDC), of which 21% of respondents stated they’d data. Some 18% of respondents stated they had been aware of Litecoin (LTC), and 10% stated 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% stated they considered crypto as “progressive.” On the similar 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 a web-based cashback rewards program.