In just over five years since its inception, Ethereum has introduced the world to smart contracts, decentralized finance, income farming, and non-fungible tokens, and Bitcoin has long stood as the second largest blockchain project by market capitalization.
Dogecoin (DOGE) is a meme cryptocurrency that offers no innovation, has no real reason to exist and is only popular because it became the toy of a famous multi-billionaire in the last 12 months.
As you would expect, the average person already knows Dogecoin better than Ethereum. This emerges from the results of a survey that Harris Poll conducted in collaboration with CouponCabin that asked over 2,000 adults in the United States to share their thoughts on cryptocurrencies.
According to the results of the survey, 29% of respondents said they were familiar with Dogecoin, compared to just 21% who were familiar with Ethereum.
Of the total of 2,063 respondents, 89% said they had at least heard of cryptocurrency. Bitcoin was already known to a majority (71%) of those surveyed, with Dogecoin being the second most well-known coin.
Other digital assets Americans were familiar with were the stablecoin USD Coin (USDC) launched by Coinbase and Circle, which 21% of respondents said they had knowledge of. About 18% of respondents said they were familiar with Litecoin (LTC) and 10% said they were familiar with Stellar (XLM).
When asked if they believed that cryptocurrencies would become the future of money, 31% answered positively and 30% said they viewed crypto as “innovative”. At the same time, 23% of respondents said they viewed cryptocurrency as a system that gets rich quick, while 19% said the technology was seedy or shameful. Almost half (44%) of respondents said they were open to receiving cryptocurrency as part of an online cashback rewards program.