Data Shows Top Coins Among Most Hated Crypto, But Not Dogecoin | Bitcoinist.com

Bitcoinist

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.

Investors Don’t Like Bitcoin, Ethereum

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.

How To Get Free Crypto  
5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

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.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

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.

Investors Love Dogecoin

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.

Coinbase Banner  

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.

FreeBitcoin Banner  
Featured image from Finbold, chart from TradingView.com

Go to Source
Author: Best Owie


Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.