Nigeria: The Most Crypto-obsessed Country after April Crash

!!!!!NIGERIA

During the April’s crypto market meltdown, most cryptocurrencies lost more than 60% of their value from the peak, resulting in a general decline in trading activity, investor interest, and venture capital investment. Following the April meltdown, nations' curiosity and interest in cryptocurrency grew. The study was based on Google Trends data of prominent crypto search phrases, which frequently show rising interest in the cryptocurrency industry. Each country's search history was then collected to provide an overall search score. 

Nigeria's rising interest in cryptocurrency is spurred by the country's lack of financial services, which has been a major driver of crypto growth across Africa. Almost 17.36 million Nigerian crypto investors, or 52%, have dedicated more than half of their assets to cryptocurrencies. Nigerians began to use cryptocurrency as a viable option to storing and transferring assets. 

The United Arab Emirates came in second with a search score of 270, which many expected given the country's recent push for cryptocurrency adoption. Singapore came in third place with a search score of 260, while the United States came in 12th place with a search score of 157. 

Sources:

https://www.investing.com/news/cryptocurrency-news/nigeria-becomes-the-most-cryptoobsessed-nation-after-april-crash-report-2866631

https://cointelegraph.com/news/nigeria-becomes-the-most-crypto-obsessed-nation-after-april-crash-report

https://www.thecoinrepublic.com/2022/08/08/nigeria-becomes-the-most-crypto-obsessed-nation/

https://www.forbesindia.com/article/crypto-made-easy/nigeria-becomes-the-most-crypto-obsessed-nation-after-the-april crash/78881/1#:~:text=Nigeria%20becomes%20the%20most%20crypto%20obsessed%20nation%20after%20the%20April%20crash,-Google%20Trends%20data&text=Most%20crypto%20assets%20lost%20more,and%20investor%20activities%20and%20interests

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