According to an analysis of online search trends, California is the largest crypto market in the United States, with the highest level of interest in digital assets.
The study, undertaken by online casino and sportsbook operator JeffBet, looked at online search data over a 12-month period, comparing searches for 20 cryptocurrency-related phrases in each of the 50 states. The results of the extensive trend searches were then balanced and evaluated to determine the crypto market score for each state.
California has the highest amount of cryptocurrency interest in the US, with a crypto market score of 10 out of 10 across all search phrases, according to the data.
The words ‘cryptocurrency’, ‘crypto’, ‘dogecoin’, ‘Coinbase’, ‘tether’, ‘cardano’, and ‘binance’ generated the most interest in California, putting it at the top of the rankings.
Nevada came in second place with a score of 9.19, which is 50% better than the national average score of 6.19. For a fourth of the twenty phrases, Nevada has the highest search trends. Among them include ‘bitcoin,”shiba inu coin,’ and ‘TRON.’
With a score of 9.01, Florida is America’s third-largest crypto market, with the greatest search levels for ‘lido,’ the liquid staking solution for ethereum.
New Jersey is in fourth place with a crypto market score of 8.93, followed by Washington with a score of 7.93. New Jersey has the most people searching for ‘ethereum,’ while Washington has the most people searching for ‘cryptocurrency.’ ‘Cryptocurrency news’ and’shiba inu coin’ are more popular in this state than in New Jersey.
New York is in sixth place, with a score of 7.68 and some of the highest search levels for the term “blockchain.”
With a crypto market score of 7.54, Rhode Island is ranked sixth.
Hawaii is in eighth place with a score of 7.44, followed by Arizona in ninth place with a score of 7.25, and Massachusetts in tenth place with a score of 7.18.
“There are over 9,500 cryptocurrencies in circulation, with the top 20 coins accounting for 87 percent of the market,” says a JeffBet spokesman. “It’s fascinating to see which states have the most interest in the market, with those in the top 10 regularly exhibiting strong levels of interest in a wide range of crypto-related search phrases.”
The States with the biggest cryptocurrency market in the US
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