Nigeria is the most crypto-obsessed country in the world, a new study reveals.
The research, conducted by cryptocurrency price tracker CoinGecko, examined Google Trends data for search terms frequently used by people interested in cryptocurrencies. Later, these terms were combined to give each English-speaking country a “total search score“ to find out which countries have been most interested in crypto since the market crash in April 2022.
The study revealed that Nigeria ranks first as the most curious country about cryptocurrencies since April this year. With a total search score of 371, Nigeria topped the list of its population with the highest search levels for phrases “cryptocurrency“, “invest in crypto” Y “buy crypto“ all over the world. In addition, the population of Nigeria is the third in the world that searches on the cryptocurrency ‘Solana’.
The The United Arab Emirates is the second country with the greatest curiosity about cryptocurrencies since the market crash in April this year, with a total search score of 270. The United Arab Emirates has the second-highest proportion of its population searching for both the word ‘cryptocurrency‘ and the term ‘invest in crypto‘, placing him second in the ranking.
Singapore ranks as the third most interested country in cryptocurrencies as of April this year. The Southeast Asian country has the third highest level of searches for the term “buy cryptocurrencies“, in addition to being the country that most searches for the cryptocurrency “Ethereum” in the whole worldgiving Singapore a total search score of 261.
The UK also ranks as one of the most interested countries in cryptocurrencies as of April this year, ranking fifth overall. With a total search score of 198, the UK has the sixth highest level of searches for the term “buy crypto” and the third highest number of searches for “invest in cryptoAccording to CoinGecko, Bitcoin, Ethereum and Polygon are trending cryptocurrencies in the UK.
Additionally, The United States ranks as the twelfth country most interested in cryptocurrencies Worldwide. The study revealed that the United States has the tenth highest search levels for the term ‘buy cryptocurrencies‘ and is the sixth country most interested in cryptocurrency ‘Solarium‘, with a total search score of 157. Similar to the UK, Bitcoin, Ethereum, and Polygon are all the trending cryptocurrencies in the US right now, according to CoinGecko.
Bobby Ong, COO and co-founder of CoinGecko, commented on the findings: “this year, we see a major correction from the highs of the previous bull cycle, which have resulted in significant price declines in an unforgiving macro environment. This study provides interesting insights into which countries remain most interested in cryptocurrencies despite market pullbacks. The countries that top this list seem to be more interested in buying the dip and highlight their long-term outlook for cryptocurrencies.“.
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