Cryptocurrency price tracker CoinGecko conducted a research where it examined data pulled from Google regarding the popularity of cryptocurrencies in countries around the world.

According to these data, it was determined that Nigeria is emerging as the country most interested in digital assets, followed by the United Arab Emirates, Singapore, among others.

The United Kingdom also ranks as one of the most interested countries in cryptocurrencies since April this year, ranking fifth overall. With a total search score of 198, this country has the sixth-highest level of searches for the term “buy crypto” and the third-highest number of searches for “invest in crypto.”

On the other hand, the United States is in twelfth position, with Bitcoin, Ethereum and Polygon as the most sought-after assets, like the United Kingdom.

CoinGecko COO Bobby Ong noted that “this year, we see a major correction from the previous bull cycle highs, which have resulted in significant price declines in an unforgiving macro environment.”

K. Tovar

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Source: Investing

La entrada Nigeria tops the list of countries most interested in crypto apareció primero en Bitfinance.

In the midst of a growing institutional demand, cryptocurrencies have been the boom in the financial market on a global scale, where until now their value has doubled to exceed 2 trillion dollars.

Among the 6,600 coins tracked by CoinGecko, the popular bitcoin coin is the one that has generated the greatest impact, in addition to others that cover the market such as ethereum, binance coin, polkadot, tether and cardano, which present a combined value around the 422,000 million.

In a world where interests manage a value close to zero, institutional investors take cryptocurrencies as an alternative to increase cash yields. For this reason digital currencies have become the most valued sector.

Indeed, large North American companies have opted for crypto as a stable financial market for the future.

Tesla (NASDAQ: TSLA) recently invested $ 1 billion of its reserves in bitcoin and began accepting it as payment for cars. Morgan Stanley (NYSE: MS) is allowing some of its wealthiest clients to add the token to their portfolios, while companies from Mastercard (NYSE: MA) to PayPal (NASDAQ: PYPL) have taken steps to adopt bitcoin.

K. Villarroel

Source: investing

La entrada The crypto market already exceeds $ 2 trillion apareció primero en Bitfinance.