Crypto Updates

DOGE gets more love on Twitter and Ether gets more hate: Data analysis

DOGE gets more love on Twitter and Ether gets more hate: Data analysis

Ether (ETH) has taken out the top spot on Twitter as the most hated of five cryptocurrencies studied, while the meme-token Dogecoin (DOGE) is the most liked.

The findings emerged from a new report by TRG Datacenters that analyzed a year’s worth of tweets between January 2021 and January 2022 concerning five of the most popular cryptocurrencies to figure out which digital assets were the most emotionally stirring on Twitter.

According to the analysis — which looked at Bitcoin (BTC), Cardano (ADA), Dogecoin, Ether and Litecoin (LTC) — Ether was firmly the most negatively associated, with 29% of all tweets containing a negative sentiment. The decision not to include Ripple, which has ardent fans but also very passionate critics, probably makes the study less comprehensive than it should have been.

The bulk of the criticism leveled at Ether concerned its speed compared to other layer 1 alternatives, as well as its energy costs. Peak Ether negativity from Crypto Twitter occurred when a bug caused Ethereum to briefly split into two chains in late August 2021.

Bitcoin was the second-most hated on Twitter, with a 27% total negativity score. Cardano followed a distant third with a 16% negative association. Meanwhile, Litecoin sat in fourth place with just 8% of all tweets having a negative angle.

The report collected data in such a way that negative sentiment tweets were analyzed based on the inclusion of the following phrases and the name of each cryptocurrency; “Hate,” “is a scam,” “disappointed with” “disappointed,” “dip in,” “bad,” “lost money with” “loss on.”

Dogecoin was the crowd favorite on the social media platform, with just 6% of all tweets concerning the popular memecoin containing some form of unfavorable sentiment. This means that 94% of all tweets concerning DOGE contain a positive slant, displaying the strength and cohesiveness of the token’s community on Crypto Twitter.

Dogecoin’s popularity was closely linked…

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