An analysis of the sentiment of tweets during the year shows that among the five cryptocurrencies, Ethereum is the least popular cryptocurrency on Twitter, while the popular meme coin project has attracted the most attention.
Twitter users love this meme coin project More than Ethereum
Ethereum (ETH) took the first place on Twitter as the least popular among the five cryptocurrencies reviewed, while the leading meme coin Dogecoin (DOGE) gained the most popularity. The findings are based on a new report by TRG Datacenters, which analyzed tweets for the year about the five most popular cryptocurrencies in the period from January 2021 to January 2022, and shows which cryptocurrencies were the most emotionally exciting on Twitter. Some highlights:
The most disliked cryptocurrency was Ethereum (29% negative).
Dogecoin was the most popular currency (94% positive results)
The fluctuations in cryptocurrency prices are dominated by individual investors
The key moments in the cryptocurrency market, as a rule, cause an increase in tweets, both positive and negative.
According to the analysis, which examines Bitcoin (BTC), Cardano (ADA), Dogecoin, Ethereum and Litecoin (LTC), Ethereum is definitely the least popular cryptocurrency: 29% of all tweets contain negative sentiments. So why is Ethereum disliked?
Users react to Ethereum for these reasons
Most of the criticism of Ethereum was related to its energy costs, as well as its speed compared to other Tier 1 alternatives. The peak of Ethereum’s negativity on Twitter occurred when, at the end of August 2021, due to an error, Ethereum briefly split into two chains.
Bitcoin, on the other hand, became the second least popular cryptocurrency on Twitter with an overall negative score of 27%. Cardano is in third place with 16%. Meanwhile, Litecoin ranks fourth with a negative angle of just 8% of all tweets.
The favorite cryptocurrency of Twitter users is Dogecoin
DOGE was a public favorite on the social media platform, where only 6% of all tweets about the popular coin meme contained negative emotions. This means that 94% of all DOGE-related tweets have a positive bias, demonstrating the strength and consistency of the cryptocurrency community on Twitter.
The popularity of Dogecoin is closely linked to the meme coin’s healthy relationship with the new owner of the social media platform, Elon Musk. Musk’s decision to accept DOGE as payment for Tesla products, which we report as Somanews, has lifted sentiment to an all-time high.