States Buying Cryptocurrencies in 2024 - Top 10
- New York is the state with the most searches for crypto-related questions and topics
- Massachusetts ranks second
- California has the third most residents trying to get rich through crypto
July 16, 2024 (Investorideas.com Newswire) Research by crypto experts at Gamdom analyzed Google search data for 125 different crypto-related search terms, such as 'best crypto to buy now' and 'how to buy crypto', as well as general search terms, such as 'how does blockchain work'. The total number of searches was then divided by the population to find the number of monthly searches for every 100,000 people and to find the states where people are looking to get rich through crypto. The data was collected over the past 12 months.
New York is the state most interested in getting rich through crypto in 2024. It has the most searches for crypto-related terms and questions, at 2,062 per 100,000 people. On average, there were 471,945 monthly searches for crypto search terms. New York has high average searches for 'NFT News', with over 14,000 searches, and high numbers of people searching about crypto-related technologies, with 'Blockchain' being searched over 8,000 times on average per month.
Massachusetts ranks second with 2,020 searches per 100,000 of the population, which is 161,044 average monthly searches. The largest searches in Massachusetts are for 'Bitcoin' with 91,000 average monthly search volume, 'Coinbase' with 19,508 searches and 'NFT News' with 14,553.
California is the third state most interested in getting rich with crypto, with 1,777 average monthly searches per 100,000 of the population. On average, Californians search for crypto-related questions and topics 818,797 times every month. California has some of the highest searches in America for 'Open Sea,' an NFT marketplace, with 21,150 average monthly searches, while also having over 125,000 monthly searches for 'Coinbase' and over 2,000 for 'best crypto to buy now'.
Connecticut is the fourth state looking to get rich through crypto in 2024. There are 1,760 searches per 100,000 of the population, which is a total of 72,528 monthly searches.
Nevada ranks fifth with 1,679 monthly searches for crypto-related terms. Across the 125 search terms analyzed, there are, on average, 62,908 total monthly searches. 'Coinbase' is the most popular exchange searched in Nevada, with 9,242 average searches.
Washington is the sixth state most interested in using crypto to get rich in 2024, with 1,663 searches for crypto-related terms for every 100,000 of the population. The total average monthly searches are 154,663. Most of these are searching for 'Bitcoin' (95,792), although NFTs are also highly searched for, with 3,142 searches for 'NFT', 1,667 for 'NFT Meaning', and 3,200 for 'Open Sea'.
Colorado is the seventh state that is most interested in getting rich with crypto. With 1,855 searches per 100,000 of the population. In total, there are 109,044 average monthly searches. NFTs are once again a popular area of crypto, with over 2,000 monthly searches for 'Open Sea' and 'NFT'.
New Jersey is the state that is the eighth most interested in getting rich through crypto, with 1,817 searches per 100,000 people. The total average monthly searches is 168,899, with 100,000 of those being related to 'Bitcoin'. 'Coinbase' is the second most searched term in New Jersey, with 27,342 monthly searches.
A spokesperson from Gamdom commented: "The rise of cryptocurrencies in America provides a great opportunity for people to get rich and gain financial freedom. By investing in crypto, individuals can avoid the limitations and fees of traditional banks, taking control of their own money. Cryptocurrencies allow access to global markets, offering new ways to create wealth that were previously out of reach for many.
Overall, cryptocurrencies can help Americans achieve financial independence by providing more opportunities for making money. This can lead to a fairer and more inclusive financial system for everyone. However, it is important to never invest what you can't afford to lose."
credit to https://gamdom.com
Methodology
The study used data from Google Keyword Planner to reveal the rankings, following this process:
First, a list of initial search terms was established based on commonly Googled terms relating to cryptocurrency, the blockchain, and NFTs.
Then the monthly average search volume for each term in each state was taken from Google Keyword Planner.
Once this was complete, the total number of monthly average searches in each location was compared against its population. This established the monthly average searches per 100,000 people, allowing for an accurate comparison of the search rate across locations of differing sizes.
This final figure was used to sort the locations into the final ranking.
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