California dominates as the #1 state in America most interested in Bitcoin and Ethereum, based on a new study by CoinGecko, the world’s largest independent cryptocurrency data aggregator.
The research aims to identify states in America that are most interested in Bitcoin and Ethereum, and does so by examining CoinGecko’s Bitcoin and Ethereum web page traffic within the United States, between May 2 to August 21, 2022. The data is then indexed on a scale of 0 to 100, and numbers represent web page traffic relative to the highest point in this data set.
Following California, other contenders in the top 10 are Illinois, New York, Florida, Washington, Pennsylvania, Texas, Virginia, Georgia and Arizona.
While Bitcoin records an average market share of 76% across the top 20 states by web page traffic (see figure 3), Ethereum’s market share is higher than Bitcoin’s market share for Colorado, Wisconsin, New Jersey and Florida (see figure 4).
Bobby Ong, COO and co-founder of CoinGecko commented on the findings: “It is unsurprising that California, as one of the world’s major technological hubs, takes the crown in ‘blue-chip’ cryptocurrency interest. 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.
The data is based on CoinGecko web page traffic to Bitcoin and Ethereum pages, within the United States, between May 2 and August 21, 2022. The data set is indexed to 100, where 100 is the highest point for web page traffic, given the time and location selected. Subsequent numbers represent web page traffic relative to this highest point.
Since 2014, CoinGecko has been a trusted source of information by millions of cryptocurrency investors. Its mission is to empower the cryptocurrency community with an in-depth, 360-degree overview of the market. CoinGecko delivers comprehensive information from thousands of data points such as price, trading volume, market capitalization, developer strength, community statistics, and more. It currently tracks over 13,000 crypto assets from over 500 exchanges worldwide. For more information about CoinGecko, visit www.coingecko.com.