Nigeria, UAE Identified As Home To Most Cryptocurrency Enthusiast

A new report by ‘CoinGecko’ has identified Nigeria and the UAE as housing the most cryptocurrency enthusiasts in the world.

This, the report said is since the market crashed recently this year.

The report examined data from Google Trends of search items frequently used by Internet users that are interested in cryptocurrency.

According to an analysis of the report by “Zawya”, The terms were then combined to give each English-speaking country a “total search score” to find out which locations have been the most interested in cryptocurrency since the market collapsed in April 2022.

Nigeria topped the list with a total search score of 371, with words such as “buy crypto”, “cryptocurrency” and “invest in crypto” topping the list.

“Solana” was the third most-searched cryptocurrency worldwide.

A total search score of 270 was recorded for the UAE, where the tracker observed that residents were searching for keywords such as “cryptocurrency” and “invest in crypto”.

Commenting on the report, COO and Co-founder of CoinGecko, Bobby Ong, in a press statement said “This study provides interesting insight into which countries remain most interested in cryptocurrency despite market pullbacks,

“The countries at the top of this list appear to be keen to buy the dip and highlight their long-term outlook for cryptocurrencies,” he said.

Other countries on the list included Singapore, Australia, United Kingdom, Canada, Georgia, Lebanon, New Zealand, Trinidad & Tobago, Pakistan, United States, Ireland, Cyprus, and Kenya.

 

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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin43,760 0.21 % 4.76 % 15.40 %
Ethereum2,281.0 0.36 % 2.36 % 11.25 %
Tether1.001 0.04 % 0.02 % 0.05 %
BNB231.40 0.32 % 0.55 % 0.74 %
XRP0.6213 0.22 % 0.50 % 1.51 %
Solana64.19 1.25 % 5.98 % 9.97 %
USDC1.001 0.10 % 0.15 % 0.10 %
? --- 0.00 % 0.00 %
? --- 0.00 % 0.00 %
? --- 0.00 % 0.00 %