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 venture by market capitalization.
Dogecoin (DOGE) is a meme cryptocurrency which has offered no innovation, has no actual raison d’etre, and is simply widespread as a result of it grew to become the plaything of a well-known multi-billionaire throughout the previous 12 months.
So naturally, as one may count on, the common citizen is already extra conversant in Dogecoin than they’re with Ethereum. That’s based on the outcomes of a survey performed by Harris Ballot, along with CouponCabin, which requested over 2,000 adults in the US to present their ideas on cryptocurrencies.
In keeping with the survey’s findings, 29% of respondents mentioned they had been conversant in Dogecoin, in comparison with simply 21% who had been conversant in Ethereum.
Of the whole 2,063 respondents, 89% mentioned that they had 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 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 had been conversant in Litecoin (LTC), and 10% mentioned Stellar (XLM) was identified to them.
When requested whether or not they believed cryptocurrencies would change 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 an internet cashback rewards program.