Nigeria Ranks on Top as the Most Crypto-Obsessed Country in the World
A new study has ranked Nigeria on top as the most crypto-obsessed country in the world, post the crypto market collapse. The same study findings show Kenya as the second-highest ranked African country. Bobby Ong, Co-Founder of Coingecko, opines that the countries topping the list seem more interested in buying the dip, and this highlights "their long-term outlook for cryptocurrencies".
Nigeria's 'Solana' Searches Third Highest Globally
The
post-crypto market collapse has revealed new findings. The new study
has found Nigeria as the number-one ranked country among English-speaking
countries that are most interested in cryptocurrency. The findings of a study
that was undertaken by Coingecko reveal Nigeria’s score of 371 surpasses that
of the second-ranked United Arab Emirates (UAE) by 101, and that of
third-placed Singapore by 110.
Speaking of
Nigeria, whose Central Bank has directed financial institutions to
block crypto entities from the banking ecosystem, a report released by the
crypto price tracker Coingecko states:
"Nigeria
topped the list for its netizens' having the highest search levels for the
phrases "cryptocurrency", "invest in crypto" and
"buy crypto" worldwide. Additionally, the netizens of Nigeria's search for the cryptocurrency "Solana" is the third most
worldwide."
BTC and ETH are the Trending Cryptos in the UK
Kenya is
ranked second among the English-speaking African countries, scoring 143.
Kenya is ranked number 15 in the overall standings. The United Kingdom is
ranked sixth with a score of 198, with BTC, ETH, and Polygon as the
trending cryptocurrencies. With a score of 157, the United States is ranked
twelfth, although it is one of the world’s biggest cryptocurrency markets.
In his
comments on the findings of the study, Bobby Ong, Coingecko’s COO and
Co-Founder, said:
"This
year, we see a major correction from previous bull cycle highs, which have
resulted in significant price drawdowns in an unforgiving macroeconomic
environment. This study provides an interesting insight into which countries
remain most interested in cryptocurrency despite market pullbacks."
The COO added that countries topping the list seem more interested in buying the dip, therefore highlighting their long-term outlook for cryptocurrencies.
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