Most Crypto-Savvy States and Trends in US Revealed, 6% of Population Involved in Crypto – Crypto Trendings
Friday, May 20, 2022
Crypto Trendings
  • HOME
  • News
  • Bitcoin
  • Altcoins
  • Business
  • Tech
  • Industry
  • Interviews
  • Press Release
No Result
View All Result
Crypto Trendings

Most Crypto-Savvy States and Trends in US Revealed, 6% of Population Involved in Crypto

Crypto Trendings by Crypto Trendings
June 21, 2021
in Industry
Reading Time: 2min read
Polkadot token now the 6th largest by market cap

Hawaii was deemed to be the most crypto-savvy location with its demand rate in cryptos rising as much as 687% since 2020.

It is no secret that the United States is a powerhouse and one of the crypto-savvy countries on the globe. Cryptocurrency adoption in the United States has been predominant with interest in cryptocurrencies, surging over 3000% over the last five years. According to reports, almost 6% of the current US population is somehow involved in crypto, with such trends expected to rise due to the recent boom in the crypto market.

Crypto investment is also on the rise in the United States even with the country’s financial authorities looking to regulate the market. A 2021 survey by Satoshilabs revealed that 46% of Americans own cryptocurrencies with almost 95% of them believing that crypto exchanges in the country are a real currency solution. The crypto market size is also expected to grow from $1.6 billion in 2021 to $2.2 billion by 2026, at a CAGR of 7.1%, according to the research of MarketsandMarkets.

Related posts

Tetragon join SEC in court action against Ripple

Tetragon join SEC in court action against Ripple

January 6, 2021
Polkadot price above the $6.50 level, DOT to fall back to $6.00 level

Polkadot price above the $6.50 level, DOT to fall back to $6.00 level

December 30, 2020

The United States has also been involved in many cryptocurrency milestones. Ohio became the first state in the US to start accepting taxes in cryptocurrency.  Colorado was also the first state to pass a bipartisan bill to exempt cryptocurrencies in the state’s securities regulations whiles Oklahoma passed the bill for the use of cryptocurrencies as a currency within its governmental agencies.

The recent wave of institutional interest from traditional financial firms is also accelerating the adoption as well as the value of the cryptocurrency and with crypto interest expected to rise, analysis and tech firm, MiQ, have revealed the most crypto-savvy states in the United States, the current crypto trends as well as alongside the increase in demand since last year.

Hawaii was deemed the most crypto-savvy city with its demand rate in cryptos rising as much as 687% since 2020. Nevada followed with +621%, then California, with +655% whiles Florida and Colorado recorded a +628% and +637% interest rate respectively.

According to MiQ’s report, California is the state with the most business accepting Bitcoin, with 440 businesses. Florida came second with 180 businesses, followed by New York with 148 businesses; Texas has 145 businesses, and then Colorado with 95 businesses accepting Bitcoin.

South Dakota was revealed to be the state with the least business accepting Bitcoin, with only one business. Wyoming, Rhode Island has 4 businesses, Mississippi, 6 businesses, West Virginia, Delaware, and Alaska had 7 businesses whiles Vermont and North Dakota both had 8 businesses.

Dogecoin (DOGE), the meme coin turned internet sensation was revealed to be the cryptocurrency with the highest interest after a 6,900% increase in value since 2020. The coin recorded a 1,781% increase in interest this year with its incredible performance. Alaska, California, North Dakota, and Washington are the states with the most interest in Dogecoin.

Maker (MKR) is the second coin with the most interest in the US with over 493% surge in interest after gaining 602% in value since 2020. The coin recorded the most interest in the states of California, Texas.

Ethereum (ETH) which has seen a 313% increase in value since 2020 took third place as the coin with the most interest across the state with a surge of 777%. California, New Jersey, Washington are the coin’s hotspot.

Previous Post

#AVEX4LIFE LAUNCHES: SOCIAL MEDIA ELITES JOIN FORCES WITH AEVOLVE ON PRIVATE ISLAND VIP MANSION PARTY IN MIAMI

Next Post

Gylie: A New Token on Binance Smart Chain

Next Post
gylie

Gylie: A New Token on Binance Smart Chain

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

ARNO Token

ARNO Accelerates its Carbon Nanotechnology Production After Successful IEO

9 months ago
Paysenger Set to Launch All-New EGO Token

Paysenger Set to Launch All-New EGO Token

2 months ago
Plethori

Plethori : Trustless ETFs trading on blockchain

1 year ago
Top Play To Earn NFT Games To Look Out For In 2022

Top Play To Earn NFT Games To Look Out For In 2022

5 months ago

BROWSE BY CATEGORIES

  • Altcoins
  • Bitcoin
  • Business
  • Industry
  • News
  • Press Release
  • Tech

BROWSE BY TOPICS

Altcoins Bitcoin Business Industry News Press Release Tech

POPULAR NEWS

  • Flush Win is Revolutionizing Online Casinos and Betting with Blockchain Innovations

    Flush Win is Revolutionizing Online Casinos and Betting with Blockchain Innovations

    0 shares
    Share 0 Tweet 0
  • A ONCE IN A LIFETIME OPPORTUNITY TO OWN A PIECE OF HISTORY AND PUT YOUR NAME INTO THE METAVERSE

    0 shares
    Share 0 Tweet 0
  • FLUSH WIN ANNOUNCES NFT GAME PROJECT AND CITY CASINO

    0 shares
    Share 0 Tweet 0
  • Breaking News: Moon Rabbit $AAA Becomes The Most Traded Coin On MeXC Global After Elon Musk’s Tweet

    0 shares
    Share 0 Tweet 0
  • NFTFootballMarket brings NFT to World Cup 2022

    0 shares
    Share 0 Tweet 0
Crypto Trendings

We bring you the latest news in the crypto and finance industry. We envision the goal of completely decentralised future.

Reach us at:

[email protected]

BITCOIN NEWS

Why UST’s crash has experts talking and taking different sides

Why UST’s crash has experts talking and taking different sides

May 16, 2022
Pension Funds Getting Set to Board Bitcoin Bandwagon, Say Insiders

Pension Funds Getting Set to Board Bitcoin Bandwagon, Say Insiders

January 9, 2021
Polkadot token now the 6th largest by market cap

Polkadot token now the 6th largest by market cap

January 2, 2021

ALTCOIN NEWS

Ethereum price faces resistance at $650, can ETH break above?

Ethereum price faces resistance at $650, can ETH break above?

December 21, 2020
New withdrawal mechanism for ETH2 stakes ‘under discussion’

New withdrawal mechanism for ETH2 stakes ‘under discussion’

December 15, 2020
Ethereum King Buterin Loses Live Showdown to Twitch Chess Queen

Ethereum King Buterin Loses Live Showdown to Twitch Chess Queen

December 16, 2020
May 2022
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Apr    
  • About
  • Advertise
  • Careers
  • Contact

© 2020 Crypto Trendings

No Result
View All Result
  • Home
  • Industry
  • News
  • Business
  • Bitcoin
  • Interviews
  • Tech
  • Altcoins

© 2020 Crypto Trendings