The crypto market has seen a surge in interest in 2024, with a diverse range of investors looking to cash in on the next big opportunity. Events such as the launch of spot Bitcoin ETFs in the US and the frenzy surrounding memecoins have contributed to the hype. A study by CoinGecko has identified the top 25 countries with the highest percentage of crypto investors, with 18 of these countries being members of the G20.

The US tops the list, with 16.8% of global on-chain speculation interest. The UK and the Philippines follow, with 6.2% and 5.07% respectively. France, Indonesia, and Nigeria also make the top 10, with other EU countries such as the Netherlands, Poland, and Germany also featuring in the top 25.

The memecoin market has seen a significant surge in interest, with coins such as PEPE, dogwifhat (WIF), and BONK reaching new all-time highs in March. This has led to a frenzy of new memecoin projects entering the market, with many receiving a warm welcome from investors. The search term "memecoins" was most searched in March, but interest has since declined as the market has become more bearish.