CoinGecko, a cryptocurrency price tracking website. (Cryptocurrency) has predicted that This year’s decline in the digital asset market has changed the trend in the industry. According to the company’s research, Nigeria has become the most curious country in the world for crypto.
Observing a number of factors such as a Google search for “buy crypto” or “invest in crypto”, CoinGecko specifyThat Nigeria (with a score of 371) is the country with the most crypto curiosity. In second place is the United Arab Emirates (UAE), while Singapore is in third place. CoinGecko co-founder Bobby Ong said:
“This study provides an interesting insight into which countries are still most interested in cryptocurrencies. despite the market decline.”
He further concluded that People who live in countries that are at the top of the rankings Most likely to “buy the dip” and enter the digital asset universe over the long term
In addition to showing great curiosity to the industry, A large percentage of Nigerians have also become HODLers, according to KuCoin study. revealthat 35% of the nation’s adults (or 33.4 million) own or trade cryptocurrencies In the past, more than 52% had allocated more than half of their total wealth in this asset class.
KuCoin argues the main reason may be due to the limited access to financial services in the most populous country in Africa. Despite being a financial center in the western part of the continent But the vast rural areas in Nigeria are left without banking opportunities and fiat money.
The country’s economic problems are another factor. Inflation continues to rise every month and is currently at 18%, so it is not surprising that some locals decide to diversify their investment portfolios with cryptocurrencies.
But despite the curiosity about the digital asset market But Nigeria doesn’t rank among the top 10 Crypto-ready countries worldwide. No. 1 in the statistics is Hong Kong with a score of 8.6 out of 10. Places 2 and 3 are the United States and Switzerland respectively.
The research found that All three countries have the most blockchain startups and the largest number of crypto ATMs. and friendly digital asset laws and taxation rules.
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