Who buys Dogecoin? Celebrities such as Elon musk and Mark Cuban have praised the innovation-its price is up 50fold in 2021-but there is little data on where ordinary fans live. A recent coincidence with Coinbase gives a clue.
In June, the company drew a prize in the form of dogecoin, with more than 6,000 prizes. And according to the list of winners released by coinbase and its marketing partner, part of the country is overrepresented: California.
Sunny state accounted for 18% of Dogecoin earners, surpassing the nearly 12% of the American population that California represents. It’s also noteworthy that, despite the smaller population, New York has more winners than Texas or Florida. 11 largest per capita. New Jersey, the state, is decidedly among the winners, 5. it was next in line, which suggests that the Doge phenomenon on the coast in general is larger than in the South.
Here are the states with the most winners of 100 prizes of $ 6000 on dogecoin, which Coinbase distributes in the lottery:
Number of Dogecoin sweepstakes winners in each state
The least winners were Wyoming, West Virginia and Vermont-surprisingly, given their paucity. The Hawaiians did not qualify.
Of course, the result of the draw is not a perfect proxy for identifying Dogecoin buyers. And that doesn’t explain why so many winners come from California. One theory may be the reputation of a state prone to new hobbies, or perhaps the tendency of its residents to gamble, which is reflected both in their participation in lotteries and their interest in a highly volatile currency in the first place.
Coinbase launched the lottery shortly after requesting the Shiba Inu theme token this summer. The competition follows a class-action lawsuit filed last month by disgruntled Coinbase users who bought Dogecoin for a $ 100 fee-the company’s WA
