A sentiment analysis of tweets over the course of a year shows that Ethereum is the least popular cryptocurrency on Twitter among the five cryptocurrencies, while a popular meme coin project garnered the most attention.
Twitter users love this meme coin project more than Ethereum
Ethereum (ETH) ranks first on Twitter as the least liked among the five cryptocurrencies reviewed while the leading meme coin Dogecoin (DOGE) was the most liked. The findings emerge from a new report from TRG Datacenters, which analyzes a year’s worth of tweets about the five most popular cryptocurrencies between January 2021 and January 2022, revealing which cryptocurrencies are the most emotionally exciting on Twitter. Some highlights:
- Most disliked cryptocurrency was Ethereum (29% negative)
- Dogecoin was most popular (94% positive)
- Cryptocurrency currency price fluctuations are dominated by individual investors
- Cryptocurrency market moments tend to lead to an increase in tweets, both positive and negative.
Bitcoin (BTC), Cardano (ADA), Dogecoin, Ethereum and Litecoin (LTC), according to the analysis, Ethereum accounts for 29% of all tweets. It’s definitely the least liked cryptocurrency, with a negative sentiment. So why is Ethereum disliked?
Users are reacting to Ethereum for these reasons
Most of the criticism leveled against Ethereum was related to its energy costs as well as its speed compared to other tier 1 alternatives. Ethereum negativity peaking on Twitter occurred when a bug caused Ethereum to briefly split into two chains in late August 2021.
A chain split has occurred on the Ethereum mainnet. The issue was resolved in the v1.10.8 release announced previously. Please update your nodes, if you haven't already!
— Go Ethereum (@go_ethereum) August 27, 2021
Bitcoin is the least popular on Twitter with a total negative score of 27%. became the second cryptocurrency. Cardano is in third place with 16%. Meanwhile, Litecoin ranks fourth with a negative angle in just 8% of all tweets.
Dogecoin Twitter users’ favorite crypto
DOGE was a crowd favorite on the social media platform where only 6% of all tweets about the popular meme coin contain negative emotion. This means that 94% of all DOGE-related tweets contain a positive slope, demonstrating the strength and consistency of the cryptocurrency community on Twitter.
Dogecoin’s popularity is closely linked to the meme coin’s healthy relationship with the new owner of the social media platform, Elon Musk. Kriptokoin.com Musk’s decision to accept DOGE as payment for Tesla products pushed sentiment to all-time highs.
Tesla merch buyable with Dogecoin
— Elon Musk (@elonmusk) January 14, 2022
