Crypto interest is at an all-time low – But these states are still crypto-hyped, a new study finds.
Analysis of Google Trends data reveals that
interest in crypto over the past 12 months has reached an all-time low.
A new finding by the crypto comparison site Gameland shows that interest is over
80 times lower
than the peak of early November 2021.
Despite the significant drop in online interest overall, we wanted to analyze things further and see if this was the case across all the 50 US states.
To do that we continued to analyze Google Trends data over the last 12 months for some of the main crypto-oriented search terms.
The popularity of these searches in each state were then combined to give each area a total score to determine which is the most to least crypto-obsessed.
The Top 10 Crypto-Obsessed States
The state that comes out on top as the most crypto-obsessed in the US is California with a score of 675.
Nevada follows with 617 and New York in third, scoring 602.
The remaining top 10 can be seen below.
The 10 States Least Interested in Crypto
At the opposite end of the scale, we have the 10 states which are the least interested in crypto.
Here Mississippi ranks decidedly lowest with a score of 302, showing over 100% less interest when compared to California.
The remaining bottom top then can be seen below.
A spokesperson for Gameland commented on the study:
âThe crypto-world has had its fair share of ups and down in terms of popularity, often brought on by new inventions like NFTs or other exotic things like Dogecoins capturing public interest.
And while the sector as a whole has lost a lot of traction, this study clearly shows how varied the interest is across the country, with California coming out as the clear crypto-hyped state.â
States With the Most Interest in Crypto
The spokesperson for Gameland continues:
“While we know that the general interest in crypto has seen a sharp decrease, this study reveals that there are strong regional differences.
California coming in on top is not a big surprise. Crypto and blockchain in general have strong ties to the tech industry. So with Silicon Valley housing several blockchain and crypto startups, and in general a lot of people working in tech, you would expect to see a higher level of interest in new technology coming out.
This can also be seen in contrast to Mississippi where the biggest industries are more traditional with manufacturing, mining, and agriculture. It would be natural to think that this also has an impact on the general interest level of the population for things like crypto and the blockchain.”
The full top list of all 50 states:
