New data shows the Dogecoin popularity raves among Twitter users. On the other hand, Twitter users currently despise Ethereum as the least liked of the five cryptocurrencies examined.
TRG Datacenters revealed the findings in a recent analysis. It evaluated a year’s worth of tweets on five of the most popular cryptocurrencies from January 2021 to January 2022. The purpose is to determine which digital assets were the most emotionally stimulating on Twitter.
Dogecoin popularity undeniable
The study focused on Bitcoin (BTC), Cardano (ADA), Dogecoin (DOGE), Ethereum (ETH), and Litecoin (LTC). According to this, Ethereum was the most negatively identified, with 29% of all tweets carrying a negative sentiment.
However, the majority of Ethereum’s critics focused on its speed compared to other Layer 1 options and its energy costs. When a flaw led Ethereum to split into two chains in late August 2021, Crypto Twitter was at its most negative.
Bitcoin came as the second-most despised cryptocurrency on Twitter, with a total negativity score of 27%. Cardano came in third with a negative correlation of 16%, while Litecoin came in fourth with a negative correlation of only 8% of all tweets.
The report collected data so that it analyzed negative sentiment tweets based on the inclusion of phrases. These include “bad,” “a scam,” “disappointed with,” “lost money with,” “dip in,” and “hate” along with the cryptocurrency name.
Easy crowd favorite
All in all, Dogecoin was the social media platform’s crowned favorite. It reigned with only 6% negative tweets. This indicates that 94% of all tweets about DOGE are favorable, demonstrating the power and cohesion of the token’s community on Crypto Twitter.
Dogecoin’s popularity was strongly related to the token’s positive relationship with the social media platform’s new owner, Elon Musk. Musk’s public announcement to accept DOGE as payment for Tesla items sparked all-time highs in likability.