Shiba and Dogecoin under the microscope of users with a tribute to Bitcoin; Nobitex’s portrait of the behavior of cryptocurrency users in Iran

“1897 years” is the total time spent by users on the Nobitex website during the year 2022. Enthusiasts of the world of cryptocurrencies have a special way of following this market, and from their analysis, we can get other sweet tips. For example, which cryptocurrency do users monitor the price fluctuations the most? What hours of the day and night do they buy and sell? What day of the week is their turn to take risks? With what phone model do they enter the world of cryptocurrencies? Listen to the bell to receive price changes. What are the cryptocurrencies? The answers to all these questions can be found in the 2022 Nobitex report. This cryptocurrency exchange with 4.3 million users has depicted a relatively accurate portrait of the Iranian cryptocurrency market, which contains many reading points, and we review a part of it about the behavior of Iranian cryptocurrency market users.

1897 years in one year

Nobitex users visited the site of this exchange a total of 124 million times in 2022. Statistics that show the authority and universality of the Nobitex site among cryptocurrency market participants in Iran. The statistics provided by Nobitex show that each of these visits to the Nobitex website lasted an average of 8 minutes, and in total, Nobitex users spent a total of 1,897 years of time on the Nobitex site in 2022. This point shows that in addition to providing capabilities for buying and selling cryptocurrency, Nobitex also provides users with suitable tools for analyzing and monitoring this market, which seems convincing for users to spend more time on this site.

The Bitcoin flag is up

Bitcoin is still the flagship of the cryptocurrency market. A review of the statistics provided by Nobitex shows that whenever the fluctuations of this popular cryptocurrency intensify, the number of daily visits to the Nobitex website also increases. Even now that Dogecoin accounts for the largest share of assets in users’ wallets, the Bitcoin page is the most visited among Nobitex market pages. More precisely, 13.53% of the number of visits to different Nobitex markets belongs to Bitcoin. Shiba, Dogecoin, Tether, Ethereum and Cardano are ranked next respectively. This shows that many users believe that the rise and fall of other cryptocurrencies is largely behind the spiral movements of the Bitcoin chart.

Shiba, Dogecoin, Phantom and others

One of the features of Nobitex, which has attracted the attention of users in recent years, is the limit loss order. So that this year, the Nobitex loss limit ordering feature has been activated 120,000 times and has prevented users from incurring huge losses. The largest share of activation of the loss limit in the volatile days of the cryptocurrency world is related to Shiba meme coin with 15.3%. Dogecoin is the next with 13.8%, followed by Bitcoin, Phantom and Ethereum.

The story of Nimroz

Nobitex users apparently don’t have much to do with long lunches and midday naps because every day around noon is the busiest time for the Nobitex site. Statistics show that Nobitex website visits reach their peak from 11:00 to 15:00. In the late hours of the night, the situation is relatively similar to the noon, but from midnight to morning, Nobitex markets experience quiet hours. Nobitex site traffic shows that users are more inclined to monitor and buy and sell in the cryptocurrency market on Saturdays and Tuesdays. The situation is not bad on Wednesdays and Mondays, but on Thursdays, users do not show much interest in the mysterious world of cryptocurrencies. Fridays are by far the quietest day for Nobitex website.

Reign of Androids

The first choice of more than half of Nobitex users to participate in the cryptocurrency market is the Android mobile application. The share of 51.56% of the orders registered in the Android application shows that the number of Android phones is far more than iOS phones, and of course, a large number of iOS users use the Nobitex web version. 27.83% of orders are registered on the website and the share of API interface is 20.44%. Regarding the high penetration rate of Android phones, let us also add that their share in visiting the Nobitex website has almost doubled compared to 2021. The operating systems of Nobitex site users are Android, iOS and Windows, which are reported as 59.5%, 21.1% and 18.1%, respectively.

In the Nobitex application, users can list their favorite cryptocurrencies on the first page of their user dashboard and monitor its fluctuations. In this section, users were interested in putting Shiba, Dogecoin and Tron under the microscope. They also recorded more price warnings for cryptocurrencies such as Shiba, Dogecoin, Bitcoin, Tether, and Ethereum. This feature notifies users when the desired cryptocurrency crosses their desired price range. The next point is that Nobitex users created the largest number of wallets on the Tron network, followed by the Binance China and Ethereum networks, due to the possibility of creating a special wallet for depositing or withdrawing Rials.

Read the full report of Nobitex from 2022 this address You can receive