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Nigeria becomes the most crypto-obsessed nation after April crash: Report

Published 08/08/2022, 06:40 AM
Updated 08/08/2022, 08:20 AM
Nigeria becomes the most crypto-obsessed nation after April crash: Report

The crypto market crash in April saw most cryptocurrencies lose more than 60% of their valuation from the top, leading to an overall downturn in trading activity, investor interest and venture capital investment. A recent study has highlighted nations’ growing curiosity and interest in crypto after the April crash.

The research was based on Google (NASDAQ:GOOGL) Trends data of popular crypto search terms that often reflect increased interest in the crypto market. The search history of each nation was then compiled to give an overall search score. The countries at the top of the list appear to be most eager to buy the dip.

Data for “Invest in Crypto” search term in Nigeria Source: Google Trends
Data for “Invest in Crypto” search term worldwide Source: Google Trends

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