The Arab country of Morocco has made it to the top 10 global list of countries who have a craze for Meme coins according to CoinGecko recent report.
For those who haven’t heard of Meme coins they are a crypto genre that has a huge online community which supports the crypto currencies growth.
They are sometimes identified with animated character or animal meme images. During the recent cryptocurrency boom, top currencies to gain meme coin status included Dogecoin and Shiba Inu.
According to CoinGeck, the meme coin craze in 2023 has been led by the United States (US), India and the United Kingdom (UK), where more than half of the meme coin fans this year are based. Meme coins are also popular in Southeast Asia’s Philippines and Malaysia, Nigeria and Morocco on the African continent, Oceania’s Australia and New Zealand, and Canada.
The top 10 countries leading the meme coin craze in 2023 make up 82.9% or the majority of interest in the speculative assets.
The US is unsurprisingly leading the meme coin craze, accounting for 23.6% of the interest in 2023 so far with over 2 million views of the top meme coin pages. The most popular meme coin in the US this year is Shiba Inu, which generated 60.7% of US interest in meme coins. Recent trending crypto Pepe drove another 11.8% of meme coin interest in the US, followed by Bonk and Volt Inu.
People are by far most interested in Shiba Inu, which drove 46.7% of interest among the top meme coins in 2023. 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%).
In Morocco the most sought after meme coin is Dogecoin which generated 61.1% of Morocco’s interest in meme coins, but received only minor interest among the rest of the countries. DogeCoin currently has a market cap of over $10 billion.