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On September 2, online crypto market aggregation portal Coingecko.com published a study identifying the top ten states in America most interested in the two leading digital currencies, bitcoin and ethereum. The team leveraged Coingecko’s site traffic data and found that California captures 43% of the traffic visiting the site’s bitcoin and ethereum web pages.
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 most interested in the two leading cryptocurrencies, bitcoin and ethereum.
Coingecko used the website’s web traffic data and indexed the data set to 100, with 100 being the highest point for website traffic results. The crypto market aggregation site is popular as it has a global rank on similarweb.com of 1,743 and in the US it is 3,150.
In the last month coinecko.com registered 44.4 million visits according to statistics on September 3rd. Coingecko’s study indicates that California dominated all the states in America and Illinois had the second highest index score.
Illinois residents visited the bitcoin website much more, while ethereum’s website was visited much less. Most of the top 20 states had a higher score for bitcoin, but states like New Jersey, Wisconsin, Colorado, and Florida had a higher ranking for ethereum.
New Jersey and Indiana had the lowest ratings (1.5) of the top 20. Of the top 20 states, Coingecko’s study shows that bitcoin dominates in interest with 76% while ethereum has 24%.
After the second most interested state, New York, Florida, Washington, Pennsylvania, Texas, Virginia, Georgia and Arizona followed in popularity. Coingecko’s COO and co-founder Bobby Ong explained that he was not surprised that California was the most dominant state in the US in terms of interest in bitcoin and ethereum.
“It is not surprising that California, as one of the world’s major technology hubs, takes the crown in ‘blue-chip’ cryptocurrency interest rates,” Ong said in a statement on Friday. “Of particular note 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 of Coingecko’s study showing that California dominates website traffic? What do you think of the other stats and the state’s score? Let us know what you think about this topic in the comments section below.
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