The most populous nation in Africa showed more interest in cryptocurrencies than any other country since digital assets started falling in April, according to a price tracker study CoinGecko.
THE Nigeria scored 371 points in the study that analyzed Google Trends data for six searches, such as “buying cryptocurrencies” or “investing in cryptocurrencies”, which were combined to give each English-speaking nation an overall search ranking. The West African country was followed by the United Arab Emirates and singapore.
“This study provides interesting insights into which countries remain most interested in cryptocurrencies despite market downturns,” CoinGecko co-founder Bobby Ong said via email.
“Countries at the top of this list appear to be more interested in buying on the downside and highlight their long-term prospects for cryptocurrencies.”
The Nigerian stock exchange said in June that it planned to launch a platform enabled for blockchain next year to deepen trade and attract young investors to the market.
This came after its central bank in early 2021 ordered commercial banks to halt cryptocurrency transactions or operations, citing a threat to the financial system.
Singapore had the most searches for Ethereum, while Georgia sought information on Solana, according to CoinGecko.
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