According to the latest information, while the altcoin Ethereum (ETH) is the most disliked by investors on Twitter, the meme token Dogecoin is the most popular crypto money.
The findings are revealed in 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 digital assets are emotionally exciting on Twitter.
According to the analysis that examines Bitcoin (BTC), Cardano (ADA), Dogecoin (DOGE), Ethereum (ETH), and Litecoin (LTC), Ethereum has 29% of all tweets containing negative sentiment.
Much of the criticism leveled at Ethereum has been about its energy costs as well as its speed compared to other Tier 1 alternatives. The peak of Ethereum (ETH) negativity on Twitter occurred in late August 2021 when a bug caused Ethereum to split into two chains.
Bitcoin (BTC) was the second most negative cryptocurrency on Twitter, with an overall negative score of 27%. Cardano (ADA) was third with 16% negative correlation, while Litecoin was fourth with only 8% of all tweets negatively.
The report collected data to allow analysis of negative sentiment tweets based on the inclusion of the following phrases and the name of each cryptocurrency: “hate”, “scam”, “disappointed”, “dropped”, “bad”, “lost” money".
Dogecoin was a crowd favorite on the social media platform where only 6% of all tweets about the popular memecoin contained some form of 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 seems to be closely tied to the token's healthy relationship with the new owner of the social media platform, Elon Musk. Musk's decision to accept Dogecoin (DOGE) as payment for Tesla products pushed sentiment to all-time highs.