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 US, India, and the UK. These nations account for over 50% of all meme coin followers this yr, indicating a robust curiosity in these property.
However the enchantment 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 numerous combine of nations means that meme cash have a world enchantment.
From the US to India, The World Phenomenon Of Meme Cash Takes Maintain
The highest 10 nations main the meme coin craze in 2023 make up nearly all of curiosity in these property, representing 82.9% of all followers. This means that though meme cash could have began as a distinct segment pattern, they’ve rapidly gained a following worldwide.
In response to the report, the US is on the forefront of the meme coin craze in 2023, accounting for a whopping 23.6% of the worldwide curiosity in these speculative property. 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 yr is Shiba Inu, which generated 60.7% of all US curiosity in meme cash. This isn’t stunning given the coin’s latest surge in recognition attributable to movie star endorsements and high-profile listings on main cryptocurrency exchanges.
Following carefully behind Shiba Inu is Pepe, a trending crypto that just lately drove 11.8% of meme coin curiosity within the US. Different well-liked 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 nations. Shiba Inu is the preferred coin in India, producing 55.8% of the nation’s curiosity in these speculative property. 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 property. Shiba Inu and Bonk additionally obtained 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 preferred meme coin amongst traders in 2023, driving 46.7% of curiosity among the many prime 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.
Curiously, whereas Dogecoin pioneered the meme coin house, 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 realize recognition and are a power to be reckoned with within the cryptocurrency market. As new cash emerge and achieve traction, it is going to 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
