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A Crypto Awareness Survey Shows that Nigeria Tops Global Rankings

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The West African largest economy, Nigeria, leads the way as the world’s most crypto-aware country, as showcased by the results from the world survey.

The survey is to gain insight into the level of value placed on cryptocurrencies by various nations and the wider Web3 ecosystem.

The poll comprises 15,158 respondents aged 18 to 65 from various countries.

READ ALSO: Lending-savings rate gap narrowed by 1.62% in July

Quick Takes

  • The worldwide survey on cryptocurrency awareness shows that Nigeria has emerged as the top global crypto-aware country.
  • The survey reveals that up to 99% of the Nigerian population has a greater awareness of cryptocurrency, according to the ConsenSys and YouGov survey.
  • Initially, the findings of the poll show that Nigeria and South Africa are the two leading nations in crypto awareness.
  • However, compared with other respondents from countries with large economies, such as Germany, Japan, the United States, and the UK, the results show that about 98% of South Africans and 99% of Nigerians have more understanding of Web3.
  •  During the poll, up to 70% of the Nigerian respondents revealed that they quite understood the essential blockchain technology needs.
  • Furthermore, according to the ownership rates, Nigeria has a high degree of crypto awareness, especially as 76% of the 10,001 Nigerian people who participated in the polls say that they hold or formerly owned cryptos.
  • In addition, about 90% of Nigerians showed their intentions to invest in cryptos in the coming year 2024, while about 65% of the other respondents perceive cryptos as a protection against monetary devaluation and hyperinflation.

What’s Happening In Crypto Today?

At the time of this writing, Bitcoin price is at $25,781.51, with a drop in market cap by 0.53% and an increase in trading volume by 23.45%.

On the side of Ethereum, it is presently trading at $1,625.32, with a drop in market cap by 0.84% and an increase in trading volume by 26.36%.

  • Meanwhile, XRP is currently trading at $0.5013, with a drop in market cap by 0.42% and an increase in trading volume by 44.00%.
  • Currently, USD Coin is trading at $1.00, with a drop in market cap by 0.19% and an increase in trading volume by 26.86%.
  • On the side of Cardano, its current price is at $0.2557, with an increase in market cap by 0.32% and a drop in trading volume by 11.48%.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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