Study: Nigeria Most Crypto-Obsessed English Speaking Country Globally

A brand new examine has ranked Nigeria because the nation most interested by cryptocurrency submit the April crypto market crash. The similar examine findings present Kenya because the second-highest ranked African nation. According to Bobby Ong, co-founder of Coingecko, the nations topping the listing appear extra considering shopping for the dip and this highlights “their long-term outlook for cryptocurrencies.”

Nigerian Solana Searches Third Highest Globally

After the cryptocurrency market crashed in April, a brand new examine discovered Nigeria because the primary ranked nation amongst English-speaking nations which can be most considering cryptocurrency. According to the findings of a examine undertaken by Coingecko, Nigeria’s rating of 371 surpasses that of second-ranked United Arab Emirates (UAE) by 101, and that of third-placed Singapore by 110.

Elaborating on Nigeria — whose central financial institution directed monetary establishments to dam crypto entities from the banking ecosystem — a report launched by the crypto value tracker Coingecko states:

Nigeria topped the listing for its inhabitants having the very best search ranges for the phrases ‘cryptocurrency’, ‘put money into crypto’ and ‘purchase crypto’ worldwide. Additionally, the inhabitants of Nigeria seek for the cryptocurrency ‘Solana’ the third most worldwide.

BTC and ETH Trending Cryptos within the UK

After the West African nation, Kenya is the subsequent highest ranked English-speaking African nation with a rating of 143. Overall, Kenya is ranked quantity 15. In the sixth-ranked United Kingdom (198), BTC, ETH, and polygon are all trending cryptocurrencies, the report stated. With a rating of 157, the United States — one of many world’s largest cryptocurrency markets — is ranked twelfth.

Meanwhile, in his feedback on the examine’s findings, Bobby Ong, Coingecko’s COO and co-founder, stated:

“This yr, we see a serious correction from earlier bull cycle highs, which have resulted in important value drawdowns in an unforgiving macroeconomic surroundings. This examine supplies fascinating perception into which nations stay most considering cryptocurrency regardless of market pullbacks.”

The COO added that nations topping the listing appear extra considering shopping for the dip, subsequently highlighting “their long-term outlook for cryptocurrencies.”

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