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 development is hottest in the USA, India, and the UK. These nations account for over 50% of all meme coin followers this 12 months, 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 world attraction.
From the US to India, The International Phenomenon Of Meme Cash Takes Maintain
The highest 10 nations 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 although meme cash could have began as a distinct segment development, they’ve shortly gained a following worldwide.
In keeping with 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 preferred meme coin within the US this 12 months is Shiba Inu, which generated 60.7% of all US curiosity in meme cash. This isn’t shocking given the coin’s current surge in recognition as a consequence of movie star endorsements and high-profile listings on main cryptocurrency exchanges.
Following intently behind Shiba Inu is Pepe, a trending crypto that lately drove 11.8% of meme coin curiosity within the US. Different widespread meme cash within the nation embody 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 nations. Shiba Inu is the preferred coin in India, producing 55.8% of the nation’s curiosity in these speculative belongings. Child Doge Coin additionally obtained a comparatively excessive share of curiosity, with 29.9% of India’s meme coin curiosity.
Floki is the preferred meme coin within the Philippines, producing 26.7% of the nation’s curiosity in these belongings. Shiba Inu and Bonk additionally obtained comparable curiosity ranges at 18.3% and 17.8%, respectively. Child Doge Coin and Pepe have been shut behind, with 12.7% and 10.2% share of Philippines meme coin curiosity, respectively.
Shiba Inu Reigns Supreme
In keeping with the report, Shiba Inu is the preferred 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 more moderen 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.
Curiously, whereas Dogecoin pioneered the meme coin area, it generated solely 61.1% of curiosity in Morocco and obtained solely minor curiosity within the different nations surveyed.
General, the report by CoinGecko exhibits that meme cash proceed to achieve recognition and are a pressure to be reckoned with within the cryptocurrency market. As new cash emerge and achieve traction, it will likely be fascinating to see how this market evolves and whether or not meme cash will proceed to be a dominant development within the cryptocurrency world.
Featured picture from Unsplash, chart from TradingView.com
