Cryptocurrency and blockchain are often regarded as the future of finance. Since Bitcoin launched in 2009, there has been a rapid price growth along with many new cryptocurrencies entering the scene, offering different solutions and opportunities to blockchain users. Cryptocurrencies are, in fact, surging with over 1,600 currencies and a market cap of $417 Billion.
At Jira Align we find blockchain technology fascinating and given this information, we wanted to look at what the crypto landscape across the country looked like to find out which cryptocurrencies are the most popular overall in each city and state. To find this out, we analyzed the top 50 cryptocurrencies with the highest market caps featured on coinmarketcap and found some interesting results.
When we look at the most popular cryptocurrency by city, it’s fascinating to see that alt coins seem to be more popular than Bitcoin overall. In fact, not one of the top 50 cities in the country has Bitcoin as their most popular cryptocurrency.
The most popular cryptocurrency by city overall is Ethereum Classic with eight cities searching for these coins the most. Litecoin and TRON come in second place with six cities each and Dash and Siacoin come in fourth and fifth place with 4 and 3 cities respectively.
Looking across the top 50 cities in the country, we can see that there were 19 cryptocurrencies featured, which is a surprisingly strong mix.
We found Aeternity, Basic Attention Token, Cardano, Chainlink, Decred, Golem, Lisk, and VeChain to be the least popular currencies overall with these cryptocurrencies featuring as the most popular in only one city each.
Interestingly, although Bitcoin have an 80% market dominance, we can see that only Hawaii is searching for Bitcoin the most whereas every other state is searching for altcoins.
Mississippi, Pennsylvania, and Wisconsin seem to be big fans of memes because Dogecoin was the most-searched cryptocurrency in these states.
After looking at the data, we found Ethereum Classic and Lisk to be the most popular cryptocurrencies overall because they are the most-searched cryptocurrencies in four states each. Monero, Dogecoin, and Stellar bring up the remaining three places with three states each.
So, there you have it! Bitcoin doesn’t even make the grade when it comes to the most popular cryptocurrency in America, while Ethereum Classic takes the top spot as the most popular cryptocurrency throughout the country for both cities and states.
Blockchain is a fascinating technology and with only about 8% of Americans invested in cryptocurrency, it’s clearly still in its early days. It will be interesting to see the growth of adoption in America over the next decade. Perhaps in our lifetimes, we could even see an end to paper money and experience the rise of blockchain technology as the future of currency and transactions.