Interest Shown Towards Crypto – The Cryptonomist
After the beginning of the collapse in the value of many crypto assets, which has intensified since April this year, the asset has become more attractive to many.
CoinGecko’s research on interest in crypto
CoinGeckothe leading tracker of cryptocurrency trends, has compiled a ranking of countries by interest in digital currencies via Google trends and coefficient data.
The research looked at the number of searches as a share of the active population from April 2022 to the present for keywords like “cryptocurrency”, “invest in cryptocurrency” and “buy cryptocurrency” in every country in the world, and some very interesting data came out.
On the podium we find the UAE (United Arab Emirates), which came second with one coefficient of 270 and in this specific case shone with a particular focus on the phrase “invest in cryptocurrencies” which outlined a focus on the fundamentals of the subject.
In third place in this particular ranking is Singapore with a score of 261 which highlights an excessive interest in Ethereum.
In fifth place comes the UK, which with a total research score of 198 shows how far ahead of the curve UK investors are in holding Bitcoin, Ethereum and Polygon trends as their main crypto assets.
At the bottom of the ranking, among the 12 countries most interested in the asset since April last year, is the United States, which is real outsider in research.
While showing sustained interest, the land was scorched by the recent Terra/Luna and Three Arrow Capital scandals show smaller percentages than the countries mentioned above. However, it is the sixth country in the world in terms of interest in the Solana token which is credited by many as “the most undervalued digital currency”.
In total, the USA achieves a score of 157 and in the basket of crypto-assets in which the Americans are most interested, we find the same as the Saxons, namely Ethereum, Polygon and Bitcoin.
Many will wonder who will dominate this strange ranking, and the answer is not the most obvious.
Nigeria, the country most interested in cryptocurrencies
Nigeria beats everyone with a coefficient of 371 points in the first place.
The African country ranks first for searches for all three keywords mentioned by CoinGecko, and its population appears to have the largest number (in absolute terms) of users who have searched for the above keywords.
In the Central African country, the Solana token is also finding great success.
Despite recently hacker attack on its algorithm that undermines its security, investors seem to believe more and more in the token, which turns out to be the most undervalued.
Appetite for crypto seems to be increasing despite a bear market that is squeezing the hard core of crypto lovers and is an important signal that suggests how much the enthusiast base is expanding, which bodes well for the future and will increase cash flows and trades when the market returns bullish.
