Study Reveals Top Countries Fueling Meme Coin Interest in 2023 – Altcoins Bitcoin News

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 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.

How To Get Free Crypto  

The top five countries according to’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.

Coinbase Banner  
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 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 News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Read disclaimer

Go to Source
Author: Jamie Redman

Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

FreeBitcoin Banner  

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.