New research has found that Nigeria was the most curious country about cryptocurrency following the April market crash. These same findings also show Kenya to be 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 outlook for cryptocurrencies.”
Nigerian Solana Searches for Third Most High-Rising Globally
Following the April cryptocurrency market crash, a new study has found Nigeria to be the most popular country among English-speaking nations that are most keen on cryptocurrency. According to the findings of a study undertaken by Coingecko, Nigeria’s score 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 bank 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 population having the highest search levels for the phrases ‘cryptocurrency’, ‘invest in crypto’ and ‘buy crypto’ worldwide. Additionally, the population of Nigeria search for the cryptocurrency ‘Solana’ the third most worldwide.
Trending Cryptos in UK: BTC and ETH
Kenya, which has a score 143 is next to the West African nation in English-speaking Africa, ranks number 15. Overall, Kenya is ranked number 15. According to the report, BTC and ETH are the most popular cryptocurrencies in the United Kingdom, which is ranked sixth (198). With a score of 157, the United States — one of the world’s biggest 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 see a major correction from previous bull cycle highs, which have resulted in significant price drawdowns in an unforgiving macroeconomic environment. This study provides interesting insight into which countries remain most interested in cryptocurrency in spite of 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.”
To receive a weekly update about African news, sign up here
Your thoughts? Please comment below to let us know your thoughts.
Images CreditsShutterstock. Pixabay. Wiki Commons
DisclaimerThis information is provided for educational purposes only. This article is not intended to be a solicitation or offer to sell or buy any product, service, or company. Bitcoin.com doesn’t offer investment, tax or legal advice. This article does not contain any information, products, or advice that can be used to cause or alleged result in any kind of damage.