GlobalData has revealed a list of the 10 most mentioned cryptocurrencies on social media in 2021.
Bitcoin, Ethereum and Dogecoin have emerged as this year’s most talked about cryptocurrencies on social media, as crypto analysts and influencers flocked to platforms like Twitter and Reddit to advise investors in the mountain sector. Russian.
Data analytics firm GlobalData has revealed its list of the 10 most mentioned cryptocurrencies on social media in 2021, a year that saw a 400 percent increase in conversations about cryptocurrencies on social platforms.
“Mentions from technical experts, blockchain experts, CEOs, and fintech experts were found to be most impactful in driving discussions around crypto,” said Smitarani Tripathy, GlobalData social media analyst.
Of these crypto influencers, Tesla CEO Elon Musk proved to be one of the most influential, Tripathy said, acting as a catalyst when it came to bitcoin and Dogecoin.
Polkadot, Binance Coin, Tether, Solana, and Shiba Inu were some of the other cryptocurrencies mentioned on the list, with Shiba Inu seeing an increase of more than 16,000pc.
GlobalData’s social media analytics platform found that bitcoin had the highest proportion of crypto conversations on social media, fueled by news that it is trading at a all-time high of over $ 68,000 in November.
The coin was also in the news in June when it fell in value after the Chinese government shut down bitcoin mining farms and ordered financial services companies to cease crypto activities in early June.
Talks about bitcoin spiked in May when Musk announced that Tesla would no longer accept the cryptocurrency as payment for the purchase of cars. In February, Tesla said it had bought $ 1.5 billion in bitcoin and could continue to acquire more digital assets.
Ethereum, which has long been the second largest cryptocurrency behind bitcoin, was also a hot topic in the world of cryptocurrencies, as bitcoin exceeded in 2021. Its association with ancillary growth sectors in crypto, such as decentralized finance and NFT, makes it a solid player. The cryptocurrency has also been hailed as one of the great tokens. for the metaverse.
Dogecoin emerged as the third most talked about cryptocurrency in 2021, with GlobalData reporting an increase of more than 8,000pc from 2020. Talks about the meme token spiked and its price soared after Musk tweeted plans to launch a satellite called Doge- 1 in 2022 and called it the “future of the coin.”
Musk also pushed the Dogecoin talks after he said Time Magazine In his Person of the Year feature, he says that it is better to buy things with Dogecoin than with bitcoin.
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