Study Reveals Top Countries Fueling Meme Coin Interest in 2023

In 2023, meme coins person maintained their popularity, and the caller surge of PEPE demonstrates that investors stay enthusiastic astir meme-centered tokens. A caller survey from Coingecko reveals that a important information of meme coin fascination originates from the United States, India, and the U.K., encompassing implicit fractional of the apical 10 countries’ involvement driving the meme coin phenomenon.

Report Unveils Global Meme Coin Fever

On May 3, 2023, crypto marketplace aggregator coingecko.com unveiled a report detailing the starring 10 countries propelling the meme token trend. As of this writing, the meme coin system boasts a worth of $18.25 billion, with dogecoin (DOGE), shiba inu (SHIB), and pepe (PEPE) arsenic the apical 3 meme coins. This week, PEPE has emerged arsenic the frontrunner successful presumption of seven-day gains, skyrocketing 216% against the U.S. dollar.

The apical 5 countries according to coingecko.com’s study.

The Coingecko investigation establishes that the U.S. spearheads the meme coin question accounting for 23.6% of involvement successful 2023. Researcher Lim Yu Qian explains that 2 cardinal views stem from apical meme coin pages successful the United States. In America, shiba inu (SHIB) is the astir sought-after meme coin, followed by pepe (PEPE), bonk (BONK), and volt inu (VOLT).

India holds 2nd spot successful contributing to the meme coin frenzy with 20.3% of interest. SHIB besides earns its presumption arsenic India’s astir fashionable meme token followed by babe doge coin (BABYDOGE). In the Philippines, floki inu (FLOKI) tops their database of preferred tokens portion Nigeria’s favorites are floki and arbdoge ai. According to Coingecko’s report, lesser-known meme coins besides summation traction successful some countries.

“People are by acold astir funny successful shiba inu, which drove 46.7% of involvement among the apical meme coins successful 2023,” the investigation notes. “Baby doge coin generated 12.3% of meme coin interest, followed by much caller meme coins pepe (9.4%), floki (8.6%) and bonk (8.2%).”

The probe indicates that PEPE dominates the Canadian marketplace with 26.9% of attention, portion dogecoin (DOGE) claims the apical spot successful Morocco. As for methodology, the survey utilized the full leafage views for the highest-ranking 15 meme coins by marketplace capitalization successful May 2023.

Which meme coin bash you deliberation volition beryllium the adjacent large sensation successful the crypto world? Share your thoughts and predictions successful the comments below.

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