A new study has ranked Nigeria as the country most curious about cryptocurrency after the crypto market crash in April. The same study findings show that Kenya is the second highest ranked African country. According to Bobby Ong, co-founder of Coingecko, the countries topping the list seem more interested in buying the dip, and this highlights “their long-term prospects for cryptocurrencies.”
Nigerian Solana seeks third highest globally
After the cryptocurrency market crashed in April, a new study found Nigeria as the number one ranked country among English-speaking countries most interested in cryptocurrency. According to the findings of a study conducted by Coingecko, Nigeria’s score of 371 surpasses the second-ranked United Arab Emirates (UAE) by 101, and that of third-placed Singapore by 110.
Elaborating on Nigeria – whose central bank ordered financial institutions to block crypto entities from the banking ecosystem – a report released by crypto price tracker Coingecko says:
Nigeria topped the list for its population with the highest search levels for the phrases “cryptocurrency”, “invest in crypto” and “buy crypto” worldwide. In addition, the population of Nigeria searches for the cryptocurrency “Solana” the third most worldwide.
BTC and ETH Trending Cryptos in UK
After the West African nation, Kenya is the second highest-ranked English-speaking African country with a score of 143. Overall, Kenya is ranked number 15. In the sixth-ranked UK (198), BTC, ETH and Polygon are all trending cryptocurrencies, the report said . With a score of 157, the United States – one of the world’s largest cryptocurrency markets – is ranked twelfth.
Meanwhile, in his comments on the study’s findings, Bobby Ong, Coingecko’s COO and co-founder, said:
“This year we are seeing a major correction from previous peaks in the bull cycle, which has resulted in significant price declines in an unforgiving macroeconomic environment. This study provides interesting insight into which countries are still most interested in cryptocurrency despite the market downturn.”
The COO added that countries topping the list seem more interested in buying the dip, thus highlighting “their long-term prospects for cryptocurrencies.”
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