The world’s largest meme token, according to a new survey of 4,400 consumers by global survey firm Morning Consult. to Dogecoin Confidence in the US public dropped to -44% in April.
Confidence in Dogecoin Drops 8% Compared to January
Confidence in DOGE was -36% in January. The majority of consumers surveyed to cryptocurrencies This ratio was recorded as negative because he stated that he did not trust.
To compare to bitcoin Confidence is also in negative territory, but it seems to have declined by only 6% compared to January.
With this Ethereum The decrease in confidence experienced for the company was recorded one step more clearly than the others. Confidence in ETH is down 14% from January. The world’s largest altcoin is in competition with cryptocurrencies such as Solana and Terra, which are called the “Ethereum killer”.
The survey was conducted among customers who were familiar with the above-mentioned cryptocurrencies.
Nearly two-thirds (67%) of US adults surveyed say they trust banks, and among those who are cryptocurrency investors, the proportion was not significantly different from the other group, at 64%.
Investors Say They Want to Buy Even If They Don’t Trust DOGE
However, consumers still want to make purchases even if they have little trust in cryptocurrencies.
Almost a quarter of those surveyed expressed their willingness to buy Bitcoin in May. 14% of respondents said they would buy Dogecoin even with little confidence in the world’s largest meme token.
*Not investment advice.