More Americans Have Heard About Dogecoin Than Ethereum: Poll

189
SHARES
1.5k
VIEWS
ADVERTISEMENT

In just over five years since its inception, Ethereum has introduced the world to smart contracts, decentralized finance, yield farming, and non-fungible tokens, and has long been right behind Bitcoin as the second largest blockchain project by market capitalization.

Dogecoin (DOGE) is a meme cryptocurrency that has not brought innovation, has no real reason to exist, and is only popular because it became the toy of a famous multibillionaire in the past 12 months.

Related articles

Of course, as you’d expect, the average person is already more familiar with Dogecoin than Ethereum. This emerges from the results of a survey conducted by Harris Poll in collaboration with CouponCabin that asked over 2,000 adults in the United States to give their opinion on cryptocurrencies.

According to the results of the survey, 29% of respondents said they were familiar with Dogecoin, compared to just 21% who were familiar with Ethereum.

Of the total of 2,063 respondents, 89% said they had heard of cryptocurrency. Bitcoin was already known to a majority (71%) of respondents, with Dogecoin being the second most well-known coin.

Other digital assets Americans were familiar with included the stablecoin USD Coin (USDC) launched by Coinbase and Circle, which 21% of respondents said they had knowledge of. About 18% of respondents said they knew Litecoin (LTC) and 10% said they knew Stellar (XLM).

When asked if they believe cryptocurrencies will be the future of money, 31% answered positively and 30% said they consider crypto to be “innovative”. At the same time, 23% of respondents said they view cryptocurrency as a quick riches scheme, while 19% described the technology as seedy or shameful. Almost half (44%) of respondents said they would be open to receiving cryptocurrency through an online cashback rewards program.