With each turn of the market, there are always cryptocurrencies that make it to the top as the most-liked coins among investors. This time around, a survey that was carried out between January 2021 and January 2022 has shown the favorite cryptocurrencies among investors. Surprisingly, the top coins seem to be the most hated on the social media platform, Twitter, while meme coins emerge as the most beloved cryptocurrencies.
In the study that was carried out by TRG Datacenters on the popular social media platform Twitter, they found that investors were not speaking positively about the top two coins. By analyzing the tweets mentioning these popular cryptocurrencies and the sentiment with which the users talked about them, they were able to extrapolate which were the most hated coins on the website.
The second-largest cryptocurrency by market cap, Ethereum, had emerged at the top of the list of the most hated cryptocurrencies. According to the study, the digital asset had the most tweets with negative sentiments with 29% of all posts about Ethereum on Twitter being negative.
Related Reading | Stablecoin Dominance Grows As Crypto Assets Are Obliterated
Next up was bitcoin which closely followed behind Ethereum. The coin which is arguably single-handedly responsible for the popularity of the crypto market looks to not be winning the congeniality contest either. It is shown that bitcoin posts were negative 27% of the time.
Cardano made third place on the list with 16% of all posts being negative. While Litecoin came out 4th place as the most hated cryptocurrency on Twitter with a total of 8% of all tweets being negative. Last on this 5-number list was Dogecoin with only 6% of all tweets being negative. However, the list for the most-loved cryptocurrency would see the meme coin emerge victoriously.
Even though Dogecoin had placed among the most hated cryptocurrencies, it didn’t take away the fact that investors love the meme coin. This is apparent in the list of most-loved cryptocurrencies that was also published by TRG Datacenters.
Also holding five coins, it is basically the reverse of the most-hated list. Here, Dogecoin appeared at the top of the list with 94% of all posts on Twitter being positive. It is the highest of all the coins surveyed indicating that investors still believe in the digital asset despite the downtrend.
DOGE falls to $0.07 | Source: DOGEUSD on TradingView.com
Litecoin placed second on the list with 91% of all posts being positive. Cardano, Bitcoin, and Ethereum placed 3rd, 4th, and 5th, with 84%, 73%, and 71% of all tweets being positive respectively.
Related Reading | Bitcoin Bleeds For Sixth Consecutive Weeks, Worst Stretch Since 2014
Commenting on Dogecoin appearing as the most-loved cryptocurrency, Chris Hinkle, CTO at TRG Datacenters, said that “Meme stocks, in particular, appeared to be driven by retail investors. In the case of larger currencies such as Bitcoin, tweets have actually lagged price movements, implying some degree of institutional lean.”
Support from notable figures such as Elon Musk and most recently, rapper Ice Cube has pushed Dogecoin to become a favorite of many. Thus, it is no surprise to see the meme coin being billed as the most-loved crypto.
Featured image from Finbold, chart from TradingView.com
Thousands of instances of AI-generated content are being discovered weekly, presenting a potential avenue for terrorist groups and violent extremists to evade automated detection systems, warn experts.
JixuIn a plot twist, Taiwanese singer Nine Chen, entangled in a web of investments, now faces legal repercussions. Initially a witness, Chen now finds himself a defendant, adding an unexpected layer to his challenges. Known for his business savvy, Chen diversified into streetwear, restaurants, NFTs, escape rooms, and cyber poker. While his streetwear venture thrives with an eight-figure annual turnover, others yield mixed results.
JoyTaiwanese prosecutors discover new suspects in the JPEX saga, complicating legal proceedings and worrying financial regulators.
Hui XinOver 2,800 cyber police personnel have undergone extensive training in advanced cryptocurrency forensics. This aligns with broader efforts to modernize law enforcement in the digital era and fortify legal frameworks against emerging technology misuse.
AaronTotal losses are still being calculated as of time of writing, with some estimates placing it above $100 million.
DavinThe Chinese government emphasises that theft of digital collections constitutes a breach of protection laws and infringes upon the legal interests associated with the unauthorised acquisition of computer information system data.
KikyoBinance Russia users will have only until 31 January 2024 to withdraw their rubles from the exchange.
CatherineFTX initiates legal action against Bybit and associates in a $953 million asset recovery effort, amidst broader bankruptcy proceedings and ongoing efforts to reclaim funds.
Hui XinThis crypto exchange presents a self-custodial solution that incorporates a multiparty computation technique, ensuring the utmost security for entrusted funds.
KikyoBinance CEO Changpeng Zhao discloses a $12.5 million crypto heist, raising security concerns in the cryptocurrency space.
Hui Xin