Researchers in Turkey found that Dogecoin had become a national obsession

According to a recent study, Turkey ranks second in the world for searches related to cryptocurrencies and first for searches related to Dogecoin.

As the cryptocurrency market drops, it doesn’t necessarily mean that people are losing interest in crypto as a whole. A new study from the cryptocurrency education platform CryptoManiaks revealed that many countries are still scouring the internet, hungry for crypto-related information.

With 8.2% and 5.5% of the population, respectively, searching for crypto-related terms, the Netherlands and Turkey rank first and second in the study. Specifically, 4.7 million searches originated in Turkey, making it the clear leader.

The study calculated the monthly percentage of locals searching by converting the total number of searches for a few popular cryptocurrencies into a percentage of the population for each country.

While Turkey ranked second for total monthly searches, it ranked first for searches pertaining to the meme coin Dogecoin. This is almost twice as much as the country’s third most-searched cryptocurrency ETH.

A spokesperson from CryptoManiaks commented on the DOGE curiosity, particularly over the last 12 month:

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

After becoming the “poster crypto” for internet icon Elon Musk, the cryptocurrency DOGE has remained a popular digital asset and crypto cultural phenomenon.

Bitcoin BTC, Sol, and BNB were some of the other cryptocurrencies that were looked up.

Germany, Canada, and the Czech Republic ranked third through fifth, after the Netherlands and Turkey.

Though both the United States and the United Kingdom play important roles in the cryptocurrency industry worldwide, they did not place highly in terms of search volume relative to their respective populations. The United States came in at number 15 with 1.9% of searches using these terms, while the United Kingdom ranked number 12 with 2.6%.

Cointelegraph data shows that major institutions are still interested in crypto and investing millions in related projects despite the market.

Leave a Comment

Your email address will not be published. Required fields are marked *