On September 2, crypto market aggregation web portal Coingecko.com published a study that identifies the top ten states in the US that are most interested in the two major digital currencies, Bitcoin and Ethereum. The team took advantage of page traffic data from Coingecko and found that California accounts for 43% of the traffic that visits the site’s bitcoin and ethereum web pages.
California and Illinois lead the pack, New Jersey and Indiana ranked lowest
Between May 2 and August 21, 2022, researchers at Coingecko conducted a study that aimed to determine the top 10 and 20 states in the US that are most interested in the two major cryptocurrencies, bitcoin and ethereum.
Coingecko used the site’s web traffic data and indexed the data set at 100, with 100 being the highest point for a web page traffic score. The crypto market aggregation website is popular because it has the same web.com global rank of 1,743 and in the US it is 3,150.
In the past month, coingecko.com recorded 44.4 million visits as of September 3. Coingecko’s study indicated that California dominated all of the US states and Illinois had the second highest index score.
Illinois residents visited the bitcoin web page a lot, while the ethereum web page was visited very rarely. Most of the top 20 states had high scores for bitcoin, but states such as New Jersey, Wisconsin, Colorado, and Florida had high rank scores for ethereum.
New Jersey and Indiana had the lowest ratings (1.5) out of the top 20. Of the top 20 states, Coingeco’s study shows that bitcoin dominates 76% in interest while Ethereum has 24%.
New York, Florida, Washington, Pennsylvania, Texas, Virginia, Georgia, and Arizona gained popularity, after the second most-interested state. Coingecko’s COO and co-founder Bobby Ong explained that he was not surprised that California was the most prominent state in the US in terms of interest in bitcoin and ethereum.
“It is not surprising that California, as one of the world’s leading tech hubs, takes the crown in ‘blue-chip’ cryptocurrency interest,” Ong said in a statement Friday. “What is particularly noteworthy is the interest in Ethereum over bitcoin from Colorado, Wisconsin, New Jersey and Florida. It remains to be seen how these rankings and market share will play out in the coming months, with the Ethereum merger just around the corner. “
What do you think about Coingecko’s study that shows California dominates site traffic? What do you think about the other statistics and the state’s scores? Let us know what you think about this topic in the comment section below.
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