Following the April bitcoin market crisis, a new study rated Nigeria as the country with the highest interest in cryptocurrencies among English-speaking nations.
The results of a study conducted by Coingecko show that Nigeria’s score of 371 beats out Singapore in third place by 110 points and the United Arab Emirates (UAE), which came in second, by 101 points.
According to a report published by the cryptocurrency price tracker Coingecko, Nigeria’s central bank ordered financial institutions to prohibit crypto firms from the banking sector:
“Nigeria topped the list of countries whose people searched the most globally for the terms “cryptocurrency,” “invest in crypto,” and “purchase crypto.” Additionally, Nigerians are the third-most likely people in the world to look for the cryptocurrency “Solana.”
Kenya is the highest ranking English-speaking country in Africa after the West African country, coming in at number two with a score of 143. Kenya comes in at number 15 overall.
According to the study, cryptocurrencies BTC, ETH, and polygon are all currently trending in the sixth-ranked United Kingdom (198).
One of the major cryptocurrency marketplaces in the world, the United States, is placed 12th with a score of 157.
Co-founder and COO of Coingecko, Bobby Ong, commented on the study’s findings as follows:
“This year, we are witnessing a large correction from past bull cycle highs, which has led to substantial price declines in a harsh macroeconomic environment.
This analysis offers intriguing information on which nations continue to show the greatest interest in cryptocurrencies despite market declines.
The COO also noted that the top-ranked nations appear more eager to buy the downturn, emphasizing “their long-term outlook for cryptocurrencies.”
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