The fall of the crypto market does not mean that interest in the cryptocurrency has also declined. A new study by cryptocurrency education platform CryptoManiaks has revealed that many countries are still browsing the internet for information related to cryptocurrencies.
According to the study, the Netherlands and Turkey are in the top two places, where 8.2% and 5.5% of the population, respectively, search for cryptocurrency-related terms. In particular, Turkey accounted for 4.7 million search queries, which is the leader in terms of the number of search queries.
The study analyzed the cumulative number of searches for a select set of popular cryptocurrencies as a percentage of each country’s population to calculate the percentage of locals who search each month.
While Turkey was in second place for overall queries, Turkey ranked first for queries related to the Dogecoin (DOGE) memcoin, with 812,000 queries per month. This is almost double that of Ethereum (ETH), the third most popular cryptocurrency in the country.
A spokesperson for CryptoManiaks commented on DOGE’s curiosity, especially over the past 12 months:
“The popularity of Dogecoin has surpassed that of Ethereum in a significant number of countries, and there are almost 2 million more search queries for this coin worldwide every month.”
The DOGE cryptocurrency has remained a popular digital asset and crypto culture phenomenon after it was adopted as the crypto poster for internet icon Elon Musk.
Some of the cryptocurrencies included in the searches were Bitcoin (BTC), Solana (SOL), and Binance Coin (BNB), among others.
Following the Netherlands and Turkey, Germany, Kanda and the Czech Republic entered the ranks.
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Although the United States and the United Kingdom are major players in the global cryptocurrency industry, neither of them ranks at the top due to the number of searches equivalent to their population. The US ranked 15th with 1.9% of the population searching for these terms, while the UK ranked 12th with 2.6%.
A recent study by also revealed that despite market conditions, major institutions still show interest in the industry and continue to invest millions in cryptocurrency-related projects.