Residents of the United States and Great Britain are the most interested in cryptocurrencies, and there is also a wide variation between countries as to which currencies are most popular, according to research by Saxo Bank.
- Saxo Bank analyzed the search results for cryptocurrencies.
- Virtual currencies are most popular in the United States and Great Britain.
- Bitcoin is most popular in Nigeria, ethereum in Canada, and Australians are most interested in XRP.
Last year, cryptocurrencies achieved a status that few analysts could predict. More and more people bought, sold and invested in the most popular cryptocurrencies, and searched even more intensively for information on whether such an investment decision would be profitable for them. Saxo Bank just watched and analyzed the search results.
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Saxo wanted to know what questions people from different countries are asking about the cryptocurrency market in 2022 and which currencies are the most popular. As Saxo points out, this study was conducted before the cryptocurrency market crashed in the spring of 2022, and continued market turbulence is likely to affect the future behavior of global investors.
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In which countries is the interest in cryptocurrencies the greatest?
First, Saxo Bank analyzed the countries whose inhabitants have most frequently – relative to their population – entered cryptocurrency-related queries into their search engines. The leaders here are the United States and the United Kingdom: of these two countries, 8.21% were surveyed respectively. and 8.1% all cryptocurrency queries. Given that these countries are home to some of the largest cryptocurrency exchanges in the world and major institutional investors, this should come as no surprise to anyone.
Canada (7.1%), India (6.9%) and Australia (less than 6%) follow closely.
Which currencies are the most popular?
Based on the data from global search results, you can see considerable variation between countries and regions. For example, Australians are definitely the leaders in queries on cardano and XRP – cryptocurrencies (in this country these currencies accounted for 36.4% and 37.5%, respectively), which in 2021 were among the most popular , although in 2022 both have seen significant rates and sustained declines so far.
In turn, information about Ethereum – the mainstay of the cryptocurrency market – was most often searched for in Canada (36.2% of requests), the United States and Nigeria. In the latter country, bitcoin is the most popular cryptocurrency (Nigeria 35.7% of requests). The top countries for cryptocurrencies in this regard also include a number of smaller countries from which many requests were made, such as Kosovo (4.26% of requests). for Ethereum), Singapore (9.1% of cardano requests and 12.5% of solana requests) and the Netherlands (9.1% of cardano requests).
Cryptocurrency Keywords in 2022
If you look at it from a broader perspective, you can get some interesting insights into the most popular terms around the world. By far the most searched were those related to dogecoin – up to 18.65%. all searches were for the popular cryptocurrency meme.
Some of them are probably related to Dogecoin’s impressive but short-lived price spike in May 2021 after Elon Musk tweeted about it, making many people aware that such a meme currency exist. At the same time, the second most popular group of queries (15.74% of searches) was for NFT. Subsequently, research was done for the latest cryptocurrencies, including shiba, XRP, and solana.
Where to buy the most popular cryptocurrencies?
It’s one thing to research cryptocurrencies out of curiosity, but it’s another to research them with the intention of buying them. Therefore, Saxo analysts analyzed the data to find out which currencies were targeted for country investment news research before the current stock market crash.
They observed significant regional differences. In Singapore, Canada and the United States, the most frequently searched search term was “where to buy cardano”, reflecting the growing popularity of the cryptocurrency. On the other hand, “where to buy ethereum” has been discussed in the US, Britain, the Philippines, and India, with the US and UK also topping the list of queries. information on purchasing brine, TRX and EXRP.
Global Cryptocurrency Price Predictions
In the world of cryptocurrencies, everything depends on the price. It makes sense that cryptocurrency holders seek out expertly crafted price predictions to get an idea of what the fate of a given investment may be. Therefore, the next step for Saxo was to analyze the queries regarding the different price predictions by country. Relatively surprising results were obtained.
In Kosovo, the price predictions of the same shiba inu cryptocurrency sparked the most interest, while people in Cyprus excelled in investigating the future price of brine. Interestingly, the Irish were more often looking for cardano price predictions, while the British were more interested in the future price of tether.
Cryptocurrencies are an emerging asset class that is inherently volatile and difficult to monitor. It is therefore understandable that questions about the security and protection of cryptocurrencies are an important research topic.
Hence the huge number of inquiries about whether bitcoin can be ‘hacked’ from the US and UK, with people in Nigeria, Kenya and South Africa asking the most often “is bitcoin legal”.
Some were more interested in answering questions about recent events – residents of Britain, Nigeria and India were at the forefront in investigating the causes of bitcoin’s crash, most likely as a result of a significant drop in the price of this cryptocurrency in November. 2021. Of course, the recent drop in the bitcoin exchange rate could trigger a new wave of similar demands from around the world.
Which countries are most interested in NFT?
2021 was marked by the NFT. Around the world, the number of requests for non-tradable tokens increased sharply after reports of the most expensive transactions appeared in the media. The “bursting” of the NFT-related speculative bubble in early 2022 has also likely sparked increased interest in this little-known new asset.
While some were quick to recognize NFT as a passing trend, some countries have shown particularly strong interest in these assets. Singapore, the United States, Australia and New Zealand wanted to know more about them, asking questions such as “what does NFT mean” and “how does NFT work”.
Moreover, these countries were mostly interested in going further by asking how NFTs can be purchased. It is somewhat surprising that UK cryptocurrency enthusiasts showed much less interest in NFT.
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