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 US, India, and the UK. These international locations account for over 50% of all meme coin followers this 12 months, indicating a robust curiosity in these belongings.

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 various combine of nations means that meme cash have a worldwide enchantment.

From the US to India, The World 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 though meme cash might have began as a distinct segment development, they’ve shortly gained a following worldwide.

In keeping with 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 belongings. With over 2 million views on the highest meme coin pages, it’s clear that Individuals are embracing this new kind 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 latest surge in reputation because 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 common 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 preferred 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 preferred 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 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 newer cash, Pepe (9.4%), Floki (8.6%), and Bonk (8.2%). Moreover, Pepe captured probably 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 achieve reputation and are a pressure to be reckoned with within the cryptocurrency market. As new cash emerge and acquire traction, will probably 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