If you look at the markets right now, you will find that cryptocurrency is going through what some analysts are calling the “Crypto Winter”, highlighted by a vast devaluation of large areas of the cryptocurrency industry, culminating in the loss of around USD 2 trillion overall.
While hundreds of smaller tokens have died and the biggest coins are currently struggling for relevance, the world's most important cryptocurrency – Bitcoin – maintains a respectable valuation and is currently the sector's last bright hope.
Still, cryptocurrency adoption remains high – the Business Insider writes that cryptocurrency adoption has increased by more than 880% in the past year. The world is still going crazy for virtual currencies and Africa, the hopping continent that should never be left behind, has emerged as a cryptocurrency paradise.
To answer the question of which African country has the most cryptocurrency holders, we analyzed the cryptocurrency payment company and database collector. Triple A, especially global cryptocurrency adoption trends.
The company collected data from a total of 16 cryptocurrency reports across the world from various sources, including the University of Cambridge, Statista, and Bank of America, to name a few.
These are the top 10 African countries with the most cryptocurrency holders:
10. Uganda - 984.731
9. Morocco - 1.151.520
8. Ghana - 1.391.703
7. Etiópia - 1.827.706
6. DRC - 2.038.909
5. Tanzania - 2.323.874
4. Egypt - 2.372.936
3. Kenya - 6.101.599
2. South Africa - 7.712.116
1. Niga © ria - 22.223.791
Nigeria remains the undisputed king of cryptocurrencies in Africa, with by far the highest number of cryptocurrency users/holders across the continent. Nigeria also has the 4th highest amount of overall cryptocurrency users on Earth, surpassed only by Pakistan, India and the US.
Africa's most populous country is closely followed by Africa's most developed nation, South Africa.
