The entire cryptocurrency industry has been experiencing a winter since the last quarter of 2021. The prices of some cryptocurrencies experienced a massive drop, with many falling more than 65%. As bad as things may seem, cryptocurrencies may not go extinct as their popularity has not declined.

A recent study by CryptoManiaks, a crypto education platform, shows that Turkey and the Netherlands ranked first for cryptocurrency awareness. According to the survey, 5.5% and 8.2% of the population in Turkey and the Netherlands searched for cryptocurrency-related terms. Turkey accounted for 4.7 million searches, topping the table with large numbers.

Turkey has made huge improvements in crypto adoption since early 2022. A 2022 investigation by Turkish crypto exchange Paribu estimated that at least 8 million people in Turkey were engaged in crypto. Turkish President Recep Tayyip Erdogan spoke about the benefits of blockchain innovations. In his statement, Erdogan added that Turkey wants to be a producer of digital assets, not a consumer.

DOGE surpasses Ether in terms of user curiosity in Turkey

The latest CryptoManiaks study looked at the number of searches for some selected cryptocurrencies. They represented the amount of cryptocurrency as a percentage of each country’s population to calculate monthly local searches.

Turkey ranked second in the overall survey and first with 812,000 monthly Dogecoin-related searches. According to the survey, the number of searches for Dogecoin was twice that of Ethereum, the third most searched cryptocurrency in the country.

The CryptoManiaks spokesperson commented on the growing curiosity of Dogecoin in the last 12 months. He said that Dogecoin’s popularity has significantly surpassed that of Ethereum, with nearly 2 million monthly searches worldwide.

DOGE became popular after Elon Musk plans revealed to make it the official token for Twitter monetization. As a result, the memecoin price soared to an all-time high within a week of Elon Musk’s full official takeover of the social media platform.

The survey did not count only DOGE and Ethereum. It also featured Solana, BNB, Bitcoin, and others. After Turkey and the Netherlands, Canada, Germany and the Czech Republic follow in the ranking.

Dogecoin Posts Slighter Gains l DOGEUSDT on Tradingview.com

The bear market did not paralyze people’s interest in Crypto

Although the United Kingdom and the United States are the major global players in the cryptocurrency industry, neither ranked among the top. This is because the number of searches is negligible compared to the size of its population. For example, the United States ranked 15th, with 1.9% of its population searching for cryptocurrency-related terms, while the United Kingdom ranked 12th with 2.6%.

Recent Cointelegraph research also showed that the bear market did not affect the interests of various institutions in the cryptocurrency industry. According to the report, major institutions are still interested in the cryptocurrency industry and continue to invest millions in cryptocurrency-related projects.

Featured Image from Pixabay, Chart from TradingView.com





This post Survey Shows Turkey Is Obsessed With Cryptocurrencies, Especially Dogecoin

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