Data analyzed by Invezz.com, which utilises online analytics tool Ahrefs to establish which countries in the world are most interested in Ether has shown that Nigeria is in the 17th position among countries in the world, where its citizens are more interested in Cryptocurrency.
This is even as the digital currency hit a record high of over $4,000 per Ether in May 2021, making Cryptocurrency more prominent more than ever before and one of the digital coins making the most noise is Ether.
Highlights of the data indicate that there are an average of 42,900 online searches a month for Ether in Nigeria, emphasizing that with regards to Ether price, there are an average of 11,430 searches per month from Nigerians checking the price of Ether online.
The United States is the country in the world most interested in Ether with an average of 1,116,000 online searches per month for cryptocurrency. Germany (736,300) and Turkey (408,500) are among the other countries where there are more than 400,000 online searches a month for Ether.
Brazil (259,600), France (247,100), United Kingdom (230,000) and Canada (203,000) are among the other countries where there are more than 200,000 searches a month from their respective citizens monitoring Ether online, respectively ranking fourth, fifth, sixth and seventh.
At the other end in 20th position is Austria, where there are an average of 37,700 online searches per month from Austrians interested in Ether – comparable to 1,216 online searches a day.
Providing more insights into the data, Jayson Derrick from Invezz.com said Ether exploded in value over the past year and likely generated life-changing returns for early investors who truly understood the concept from day one.
He said these days there are high levels of interest from wealthier investors (i.e. those with at least $1 million in assets) who want exposure to cryptocurrencies. These investors tend to be more cautious in how they manage their life savings: they own physical gold bars and have taken advantage of IBM’s dividend reinvestment program for decades.
These investors, according to him tend to be more sophisticated and will pay for professional investment advice to maximize their return. They are not interested in “meme” cryptos like Dogecoin. Rather, they are interested in Ethereum and other large-scale coins because of their real-life use.
Investors can see Ethereum DeFi projects playing out in real-time. Those who believed in the 2010s that Ether and Bitcoin were a “fad” are quickly changing their thought process and looking to invest now.
By 2030 the world of finance will likely not at all resemble what it looks like today and this is apparent to anyone paying even minimal attention. The extent that Ethereum will play in terms of financial transactions and smart contracts will be exponentially higher over the coming years.
This implies that the era of cryptocurrencies is still in its very early stages. Buying Ethereum at current levels, even close to the all-time high of $4,000, makes sense for investors with a long-term timeframe. A reasonable amount of exposure to Ethereum as part of a well-diversified portfolio across multiple asset classes is certainly a logical investment strategy and one that would be hard to argue against”.