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Study Reveals Top Countries Fueling Meme Coin Interest in 2023 In 2023, meme coins have maintained their popularity, and the recent surge of PEPE demonstrates that investors remain enthusiastic about meme-centered tokens. A fresh study from Coingecko reveals that a significant portion of meme coin fascination originates from the United States, India, and the U.K., encompassing over half of the top ten countries’ interest driving the meme coin phenomenon. Report Unveils Global Meme Coin Fever On May 3, 2023, crypto market aggregator coingecko.com unveiled a report detailing the leading ten countries propelling the meme token trend. As of this writing, the meme coin economy boasts a value of $18.25 billion, with dogecoin (DOGE), shiba inu (SHIB), and pepe (PEPE) as the top three meme coins. This week, PEPE has emerged as the frontrunner in terms of seven-day gains, skyrocketing 216% against the U.S. dollar. The top five countries according to coingecko.com’s study. The Coingecko analysis establishes that the U.S. spearheads the meme coin movement accounting for 23.6% of interest in 2023. Researcher Lim Yu Qian explains that two million views stem from top meme coin pages in the United States. In America, shiba inu (SHIB) is the most sought-after meme coin, followed by pepe (PEPE), bonk (BONK), and volt inu (VOLT). India holds second place in contributing to the meme coin frenzy with 20.3% of interest. SHIB also earns its position as India’s most popular meme token followed by baby doge coin (BABYDOGE). In the Philippines, floki inu (FLOKI) tops their list of preferred tokens while Nigeria’s favorites are floki and arbdoge ai. According to Coingecko’s report, lesser-known meme coins also gain traction in both countries. “People are by far most interested in shiba inu, which drove 46.7% of interest among the top meme coins in 2023,” the analysis notes. “Baby doge coin generated 12.3% of meme coin interest, followed by more recent meme coins pepe (9.4%), floki (8.6%) and bonk (8.2%).” The research indicates that PEPE dominates the Canadian market with 26.9% of attention, while dogecoin (DOGE) claims the top spot in Morocco. As for methodology, the study utilized the total page views for the highest-ranking 15 meme coins by market capitalization in May 2023. Tags in this story CoinGecko , enthusiasm , India , Investors , Meme Coin , Meme Coins , pepe , popularity , study , Surge , top ten countries , U.K. , United States Which meme coin do you think will be the next big sensation in the crypto world? Share your thoughts and predictions in the comments below. Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 7,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Meme Coin PEPE's Market Cap Surpasses $1B with 896% Surge Over the Past Week ALTCOINS | 3 days ago VC Darling Crypto Sui Makes Waves With Market Debut, Price Sinks 37% From All-Time High ALTCOINS | 3 days ago Image Credits : Shutterstock, Pixabay, Wiki Commons Previous article Biggest Movers: XRP, SOL Move 5% Lower to Start the Week Disclaimer : This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimer Show comments More Popular News In Case You Missed It Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well' The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more. Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament Argentinian Securities Regulator Launches Innovation Hub to Discuss Regulated Crypto Investments Interest in Real Estate Investments in Spain Grew 400%, With Some Using Crypto and Stocks as Payment Method
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