December 12, 2022

Turkey Tops World’s Countries in Searching for Dogecoin

Turkey

Turkey

Despite the crypto bear market, the interest in crypto is still growing as people seek crypto-related information. A recent study by CryptoManiaks, a crypto education platform, found that Turkey topped the Middle East’s countries in terms of searching for cryptocurrencies.

CryptoManiaks reported that Turkey accounted for 4.7 million crypto-related searches (5.5% of the population). While the Netherlands topped the world’s countries in searching for crypto-related items (8.2% of the population), according to Coin Telegraph.

Turkey became the world’s top country in Dogecoin-related searches, hitting 812,000 monthly searches. This number doubles the number of searches for Ethereum, which is the third most searched cryptocurrency in the country. Binance Coin, Bitcoin, and Solana were among the cryptocurrencies mentioned in the research.

Germany, the Czech Republic, and Canada came following the Netherlands and Turkey. Although the US and UK are major players in the crypto industry, they were not ranked in first or second places regarding the number of searches. The US came in 15th place with 1.9% of the population searching for crypto-related items. While the UK came in 12th place (2.6% of the population).

In this regard, CryptoManiaks spokesman said that Dogecoin’s popularity has remarkably exceeded Ethereum’s popularity in a number of countries, reaching about 2 million more monthly searches worldwide for the cryptocurrency. Dogecoin’s popularity grew up over the past month after Elon Musk’s acquisition of Twitter.

It is worth mentioning that Turkey took significant steps in crypto regulation. According to research by the Turkish crypto exchange Paribu in 2022, there are at least 8 million people in Turkey engaged in crypto. Turkish President Recep Tayyip Erdogan showed his interest in making his country a producer of digital assets, not a consumer.

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