BitcoinWorld

Blockchain News

Turkey Has an Obsession With Crypto Specifically Dogecoin: Study

According to a new study, Turkey ranks second in the world for crypto-related searches and first for Dogecoin-related searches.

The crypto market’s slump does not imply a drop in interest in crypto. According to a new study from the cryptocurrency education platform CryptoManiaks, many countries are still scouring the internet for crypto-related information.

According to the study, the Netherlands and Turkey rank first and second, with 8.2% and 5.5% of the population searching for crypto-related terms, respectively. Turkey, in particular, accounted for 4.7 million searches, leading the pack in terms of sheer volume.

The study calculated the percentage of locals searching each month by analyzing the combined number of searches for a select set of popular cryptocurrencies as a percentage of the population for each country.

While it ranked second in overall searches, Turkey ranked first in searches for the meme coin Dogecoin, with 812,000 monthly searches. This is nearly double that of Ethereum, the third most searched cryptocurrency in the country.

A CryptoManiaks spokesperson commented on the DOGE craze, particularly in the last year:

“Dogecoin has surpassed Ethereum in a significant number of countries, with nearly 2 million more monthly searches for the coin globally.”

After being adopted as the poster cryptocurrency for internet icon Elon Musk, the cryptocurrency DOGE has remained a popular digital asset and crypto cultural phenomenon.

Bitcoin, Solana, and Binance Coin were among the cryptocurrencies mentioned in the search terms.

Germany, Canada, and the Czech Republic came in after the Netherlands and Turkey.

Despite the fact that the United States and the United Kingdom are major players in the global cryptocurrency industry, neither ranked first due to the number of searches equal to their population sizes. The United States ranked 15th, with 1.9% of the population searching for these terms, while the United Kingdom ranked first. with 2.6%, is ranked 12th.

According to recent Cointelegraph research, despite market conditions, major institutions remain interested in the industry and continue to invest millions in crypto-related projects.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.