Study Identifies 10 US States Most Interested In Bitcoin, Ethereum – Bitcoin News

On September 2, the crypto market aggregation web portal Coingecko.com published a study that identifies the top ten US states most recognized by the two major digital currencies, bitcoin and ethereum. The team mined Coingecko’s page traffic data and found that California captures 43% of traffic visiting the site’s bitcoin and ethereum web pages.

California and Illinois lead the pack, New Jersey and Indiana last

Between May 2 and August 21, 2022, Coingecko researchers conducted a study that aims to determine the top 10 and 20 US states most targeted by the two main cryptocurrencies, bitcoin and ethereum.

Coingecko used web traffic data from the site and indexed the data set out of 100, with 100 being the highest point for web page traffic scores. The crypto market aggregator website is popular as it has a global ranking similar to Web.com of 1,743 and in the US it is 3,150.

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Over the past month, coincko.com has had 44.4 million visits according to statistics as of September 3. Coincko’s study indicates that California leads all states in America, and Illinois is the second highest index.

Study identifies 10 US states most targeted by Bitcoin, Ethereum

Illinois residents visited the bitcoin webpage significantly more, while the Ethereum webpage received significantly less traffic. Most of the top 20 states had a higher score for bitcoin, but states like New Jersey, Wisconsin, Colorado, and Florida had a higher score for Ethereum.

New Jersey and Indiana had the lowest scores (1.5) in the top 20. Of the top 20 states, Coingecko’s study shows that bitcoin dominates interest by 76% while Ethereum has 24%.

Following the second most interested state, New York, Florida, Washington, Pennsylvania, Texas, Virginia, Georgia and Arizona followed in popularity. COO and co-founder of Coingecko, Bobby Ong, explained that he was not surprised that California was the most dominant state in the United States when it came to interest in bitcoin and ethereum. .

“It’s no surprise that California, as one of the world’s leading technology hubs, takes the crown in the interest of ‘blue-chip’ cryptocurrencies,” Ong said in a statement Friday. “Particularly noteworthy is Colorado, Wisconsin, New Jersey and Florida’s interest in Ethereum rather than Bitcoin. It remains to be seen how these rankings and market shares valued in the coming months, with the Ethereum merger just around the corner.

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What do you think of the Coingecko study showing that California dominates site traffic? What do you think of the other stats and status scores? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is the news manager for Bitcoin.com News and a living fintech journalist in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written over 5,700 articles for Bitcoin.com News about disruptive protocols emerging today.




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Study Identifies 10 US States Most Interested In Bitcoin, Ethereum – Bitcoin News


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