The rise of the meme coin mania in 2023 has taken the cryptocurrency world by storm, and a brand new report by CoinGecko exhibits that the pattern is hottest in the USA, India, and the UK. These international locations account for over 50% of all meme coin followers this yr, indicating a powerful curiosity in these belongings.
However the attraction of meme cash continues past there. The report additionally highlights the recognition of those cash in different areas, together with Southeast Asia’s Philippines and Malaysia, Nigeria and Morocco in Africa, Oceania’s Australia and New Zealand, and Canada. This various combine of nations means that meme cash have a worldwide attraction.
From the US to India, The International Phenomenon Of Meme Cash Takes Maintain
The highest 10 international locations main the meme coin craze in 2023 make up the vast majority of curiosity in these belongings, representing 82.9% of all followers. This means that regardless that meme cash might have began as a distinct segment pattern, they’ve rapidly gained a following worldwide.
In response to the report, the USA is on the forefront of the meme coin craze in 2023, accounting for a whopping 23.6% of the worldwide curiosity in these speculative belongings. With over 2 million views on the highest meme coin pages, it’s clear that Individuals are embracing this new sort of cryptocurrency.
The report exhibits that the most well-liked meme coin within the US this yr is Shiba Inu, which generated 60.7% of all US curiosity in meme cash. This isn’t stunning given the coin’s current surge in reputation as a result of celeb endorsements and high-profile listings on main cryptocurrency exchanges.
Following intently behind Shiba Inu is Pepe, a trending crypto that just lately drove 11.8% of meme coin curiosity within the US. Different fashionable meme cash within the nation embrace Bonk and Volt Inu, which generated 5.7% and 4.9% of US curiosity, respectively.
Furthermore, India would be the second-largest driver of the meme coin hype in 2023, accounting for 20.3% of all curiosity throughout the international locations. Shiba Inu is the most well-liked coin in India, producing 55.8% of the nation’s curiosity in these speculative belongings. Child Doge Coin additionally acquired a comparatively excessive share of curiosity, with 29.9% of India’s meme coin curiosity.
Floki is the most well-liked meme coin within the Philippines, producing 26.7% of the nation’s curiosity in these belongings. Shiba Inu and Bonk additionally acquired related curiosity ranges at 18.3% and 17.8%, respectively. Child Doge Coin and Pepe had been shut behind, with 12.7% and 10.2% share of Philippines meme coin curiosity, respectively.
Shiba Inu Reigns Supreme
In response to the report, Shiba Inu is the most well-liked meme coin amongst buyers in 2023, driving 46.7% of curiosity among the many high meme cash.
Child DogeCoin is the second hottest, producing 12.3% of investor curiosity. That is adopted by newer cash, Pepe (9.4%), Floki (8.6%), and Bonk (8.2%). Moreover, Pepe captured essentially the most curiosity in Canada, accounting for 26.9% of all curiosity within the nation.
Apparently, whereas Dogecoin pioneered the meme coin area, it generated solely 61.1% of curiosity in Morocco and acquired solely minor curiosity within the different international locations surveyed.
General, the report by CoinGecko exhibits that meme cash proceed to realize reputation and are a power to be reckoned with within the cryptocurrency market. As new cash emerge and achieve traction, will probably be attention-grabbing to see how this market evolves and whether or not meme cash will proceed to be a dominant pattern within the cryptocurrency world.
Featured picture from Unsplash, chart from TradingView.com
