Nigeria Becomes Most Crypto-Obsessed Nation After April Crash: Report

Google trending data for popular search terms in 15 countries showed that searches for "Ethereum" outranked "Bitcoin" in 14 of them. New

April's crypto market crash saw most cryptocurrencies lose more than 60% of their valuation from the top, leading to an overall decline in trading activity, investor interest and venture capital investments. A recent study highlighted countries' growing curiosity and interest in crypto after the April crash.

The research was based on Google Trends data of popular crypto search terms that often reflect increased interest in the crypto market. Each nation's search history was then compiled to give an overall search score. The countries at the top of the list seem to be the most eager to buy the dip.

CoinGecko research has highlighted a significant increase in curiosity among Nigerians after the crypto market slowdown in April. People in Nigeria searched the term 'cryptocurrency', 'invest in crypto' and 'buy crypto' the most among the 15 countries that were part of the research and got a total search score of 370.< /p>

The following two Google trend charts show data for “invest in crypto” searches in Nigeria versus the world. Search density for the term saw similar rates after April's drop in Nigeria, while global search density saw a steady decline in comparison.

Data for Search Term "Invest in Crypto" in Nigeria 4cc5-8e29-0bd484ab013a.png" alt="" title=""/>Data for Search Term "Invest in Crypto" Worldwide Source: Google Trends

Nigeria's growing interest in crypto is fueled by inadequate financial services in the country, which has been a major reason for crypto adoption in across Africa. As Cointelegraph reported in Ap...