Turkey Is Obsessed With Crypto – Especially DOGE, Study Reveals
A new study shows that Turkey is second in the world for searches about cryptocurrency and first for searches about Dogecoin.
The drop in the crypto market doesn’t mean that people are less interested in crypto. A new study from the cryptocurrency education platform CryptoManiaks showed that people from many countries are still searching the internet for information about cryptocurrencies.
According to the study, the top two countries are the Netherlands and Turkey, where 8.2% and 5.5% of the people search for crypto-related terms. Turkey, in particular, had 4.7 million searches, making it the country with the most searches.
The study looked at the number of searches for a small number of popular cryptocurrencies as a percentage of the population in each country. This was done to figure out how many people in each country search for cryptocurrencies each month.
With 812,000 searches a month, Turkey was in first place for searches about the memecoin Dogecoin, which put it in second place for all searches. This is almost twice as much as Ethereum, which is the third most searched cryptocurrency in the country.
A representative from CryptoManiaks had this to say about the interest in DOGE, especially in the last year:
“Dogecoin’s popularity has surpassed that of Ethereum in a significant number of countries, with nearly 2 million more monthly searches worldwide for the coin.”
After Elon Musk made DOGE his “poster crypto,” it stayed a popular digital asset and crypto cultural phenomenon.
Some of the search terms included Bitcoin, Solana, and Binance Coin, among other cryptocurrencies.
After the Netherlands and Turkey, Germany, Canada, and the Czech Republic were next in line.
Even though the United States and the United Kingdom are two of the biggest players in the global cryptocurrency industry, neither ranked in the top spots because their populations did not match the number of searches. The U.S. came in 15th place, with 1.9% of the population searching for these terms, while the U.K. comes in at number 12 with 2.6%.
Recent research also showed that big institutions are still interested in the industry and continue to put millions of dollars into crypto-related projects, even though the market is bad.
