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Nigeria Most Crypto-Obsessed English Speaking Country Globally – Featured Bitcoin News

A brand new research has ranked Nigeria because the nation most interested in cryptocurrency put up the April crypto market crash. The identical research findings present Kenya because the second-highest ranked African nation. According to Bobby Ong, co-founder of Coingecko, the nations topping the listing appear extra serious about shopping for the dip and this highlights “their long-term outlook for cryptocurrencies.”

Nigerian Solana Searches Third Highest Globally

After the cryptocurrency market crashed in April, a brand new research discovered Nigeria because the primary ranked nation amongst English-speaking nations which might be most serious about cryptocurrency. According to the findings of a research undertaken by Coingecko, Nigeria’s rating 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 financial institution directed monetary establishments to dam crypto entities from the banking ecosystem — a report launched by the crypto value tracker Coingecko states:

Nigeria topped the listing for its inhabitants having the very best search ranges for the phrases ‘cryptocurrency’, ‘invest in crypto’ and ‘buy crypto’ worldwide. Additionally, the inhabitants of Nigeria seek for the cryptocurrency ‘Solana’ the third most worldwide.

BTC and ETH Trending Cryptos within the UK

After the West African nation, Kenya is the following highest ranked English-speaking African nation with a rating of 143. Overall, Kenya is ranked quantity 15. In the sixth-ranked United Kingdom (198), BTC, ETH, and polygon are all trending cryptocurrencies, the report stated. With a rating of 157, the United States — one of many world’s largest cryptocurrency markets — is ranked twelfth.

Meanwhile, in his feedback on the research’s findings, Bobby Ong, Coingecko’s COO and co-founder, stated:

“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 nations topping the listing appear extra serious about shopping for the dip, due to this fact highlighting “their long-term outlook for cryptocurrencies.”

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Terence Zimwara

Terence Zimwara is a Zimbabwe award-winning journalist, writer and author. He has written extensively concerning the financial troubles of some African nations in addition to how digital currencies can present Africans with an escape route.

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