On September 2, crypto market aggregation web portal Coingecko.com published a study identifying the ten US states with the most interest in the two leading digital currencies, bitcoin and ethereum. Using Coingecko’s page traffic data, the team found that California accounts for 43% of the site’s bitcoin and ethereum website visits.
California and Illinois lead the pack, while New Jersey and Indiana rank lowest
Between May 2 and August 21, 2022, CoinGecko researchers conducted a survey to determine the top 10 and 20 states in the US with the highest interest in the two major cryptocurrencies, Bitcoin and Ethereum.
Koingeco uses the website’s website traffic data to scale the data to a 100 indicator, with 100 being the highest score for website traffic scores. The crypto market aggregation website similarweb.com is popular as it ranks 1,743 worldwide and 3,150 in the US.
Last month coingecko.com recorded 44.4 million visits according to statistics on September 3rd. According to CoinCo’s research, California ranks highest among all states in the U.S. and Illinois has the second-highest index score.
Illinois residents visited the bitcoin website the most, while the ethereum website visited far less. Most of the top 20 states had high scores for bitcoin, but states like New Jersey, Wisconsin, Colorado, and Florida had high scores for ethereum.
New Jersey and Indiana had the lowest rating (1.5) of the 20. Of the top 20 states, according to CoinGecko’s survey, Bitcoin dominates by 76% of interest, while Ethereum has 24%.
The second most in-demand state, New York, Florida, Washington, Pennsylvania, Texas, Virginia, Georgia, and Arizona followed in popularity. Koingeco COO and co-founder Bobby Ong explained that he is not surprised that California is the most dominant state in the US in terms of demand for bitcoin and ethereum.
“It’s no surprise that California has been crowned one of the world’s leading tech hubs in ‘blue-chip’ cryptocurrency interest,” Ong said in a statement on Friday. “Particularly notable is Colorado, Wisconsin, New Jersey and Florida’s interest in Ethereum over Bitcoin. It remains to be seen how these levels and market shares will play out in the coming months, with an Ethereum merger just around the corner.
What do you think of the Koingeco study showing that California dominates site traffic? What do you think about other statistics and state results? Let us know what you think about this in the comments section below.
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