The research, carried out by crypto price tracker CoinGecko, examined Google Trends data of search terms frequently used by people interested in cryptocurrency. These terms were then combined to give each English-speaking country a ‘total search score’ to discover which countries have been the most interested in cryptocurrency since the market crash in April 2022.
The study revealed that Nigeria ranks highest as the country most curious about cryptocurrency since April this year. With a total search score of 371, 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.
The United Arab Emirates is the country second most curious about cryptocurrency since the market crash in April this year, with a total search score of 270. The United Arab Emirates has the second-highest proportion of its population searching for both the word ‘cryptocurrency’ and the term ‘invest in crypto’, placing it second in the ranking.
Singapore places as the third country most interested in cryptocurrency since April this year. The Southeast Asian country has the third-highest level of searches for the term ‘buy crypto’, in addition to being the country searching for the cryptocurrency ‘Ethereum’ the most worldwide, giving Singapore a total search score of 261.
The United Kingdom also ranks as one of the countries most interested in cryptocurrency since April this year, placing fifth overall. With a total search score of 198, the UK has the sixth-highest level of searches for the term ‘buy crypto’ and the third-highest number of searches for ‘invest in crypto’. According to CoinGecko, Bitcoin, Ethereum and Polygon are all trending cryptocurrencies in the United Kingdom.
Additionally, the United States places as the twelfth country most interested in cryptocurrency worldwide. The study revealed that the United States has the tenth-highest search levels for the term ‘buy crypto’ and is the sixth country most interested in the cryptocurrency ‘Solana’, totalling a search score of 157. Similar to the United Kingdom, Bitcoin, Ethereum and Polygon are all trending cryptocurrencies in the United States right now, according to CoinGecko.
The Top 15 Countries Most Interested in Cryptocurrency since April 2022
Rank:
Country:
‘Cryptocurrency’
‘Invest in Crypto’
‘Buy Crypto’
‘Bitcoin’
‘Ethereum’
‘Solana’
Total Search Score
1.
Nigeria
100
100
100
29
22
20
371
2.
United Arab Emirates
72
72
71
15
31
9
270
3.
Singapore
68
24
67
24
59
19
261
4.
Australia
43
48
62
19
38
8
218
5.
United Kingdom
40
49
61
14
27
7
198
6.
Canada
35
35
45
21
48
8
192
7.
Georgia
22
0
36
0
29
100
187
8.
Lebanon
47
31
41
0
38
11
168
9.
New Zealand
32
34
51
12
30
8
167
10.
Trinidad & Tobago
54
45
65
0
0
0
164
11.
Pakistan
64
24
29
9
24
7
158
12.
United States
34
31
45
14
23
10
157
13.
Ireland
29
28
48
14
29
6
154
14.
Cyprus
42
0
54
0
37
18
151
15.
Kenya
60
38
19
9
12
5
143
Bobby Ong, COO and Co-founder of CoinGecko commented on the findings: “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 countries at the top of this list appear to be keenest to buy the dip, and highlight their long-term outlook for cryptocurrencies.”
This study was conducted by CoinGecko, the world’s largest independent cryptocurrency aggregator.
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