Coingecko.com, a crypto market aggregater web portal published on September 2 a study that identified the top 10 states that most interest in bitcoin and ethereum. The team leveraged Coingecko’s page traffic data and found that California captures 43% of the traffic visiting the site’s bitcoin and ethereum web pages.
California, Illinois and Indiana Lead the pack. New Jersey and Indiana are ranked the lowest.
Between May 2 and August 21, 2022, Coingecko’s researchers conducted a study that aims to determine the top 10 and 20 states in America that are the most interested in the two leading cryptocurrencies, bitcoin and ethereum.
Coingecko utilized the site’s web traffic data and indexed the data set to 100, with 100 being the highest point for web page traffic scores. The crypto market aggregation website is popular as it has a similarweb.com global rank of 1,743 and in the U.S. it’s 3,150.
Statistics from September 3 show that coingecko.com received 44.4 millions visits in the past month. Coingecko’s study indicates that California dominated out of all the states in America and Illinois had the second highest index score.
Residents from Illinois visited the bitcoin web page a lot more, while ethereum’s web page was visited a lot less. The top 20 states were ranked higher in bitcoin scores than the states that had the lowest. However, New Jersey and Florida had the highest rank scores for ethereum.
New Jersey, Indiana and Indiana received the lowest rating (1.5), out of all the 20 top states. Out of the top 20 states, Coingecko’s study shows bitcoin dominates in interest by 76% while ethereum has 24%.
New York was followed closely by Florida, Washington. Texas, Virginia. Georgia. Arizona was next. Coingecko’s COO and co-founder Bobby Ong explained that he wasn’t surprised that California was the most dominant state in the U.S. regarding interest in bitcoin and ethereum.
“It is unsurprising that California, as one of the world’s major technological hubs, takes the crown in ‘blue-chip’ cryptocurrency interest,” Ong said in a statement on Friday. “What’s especially notable is Colorado, Wisconsin, New Jersey, and Florida’s interest in Ethereum over Bitcoin. It remains to be seen how these rankings and market shares will play out in the coming months, with Ethereum’s Merge around the corner.”
What do you think about Coingecko’s study that shows California dominates the site’s traffic? How do you feel about other stats and scores for states? Comment below and let us know how you feel about the subject.
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