Over 65% of Crypto-Related Tweets and 84% of Conversations on Reddit Were Positive in 2023
There was a prevailing sense of optimism in the world of cryptocurrencies last year, with over 65% of conversations on X (formerly Twitter) and Reddit radiating positive sentiment.
That is according to the latest report on crypto online sentiment by CoinWire and Storible, which delved into the extensive discussions taking place on online forums, the social media engagements, and the reflections conveyed by major journalistic outlets regarding cryptocurrencies.
Using the Natural Language Toolkit (NLTK) library in Python, the report employed sentiment analysis to calculate cumulative scores for positive, negative, and neutral sentiments in tweets, posts, and articles.
In the case of Reddit, the analysis showed that a remarkable 84% of discussions about cryptocurrencies in 2023 carried a positive sentiment.
Likewise, the study discovered that over 65% of tweets related to cryptocurrencies exuded a positive sentiment.
Breaking it down further, the report highlighted the leading countries supporting crypto on Twitter.
The United Kingdom topped the rankings with over 72% of positive crypto tweets, while Argentina appeared to be the least supportive, with 67% of crypto tweets leaning towards the negative.
Examining the sentiment for each coin, the report provided a ranking based on the percentages of positivity.
Tether (USDT), Solana (SOL), and Uniswap (UNI) emerged as the most positively discussed coins, with an impressive 88% positive sentiment.
Following closely were Toncoin at 82%, and Ethereum (ETH) and Shiba Inu both scoring 80% in positive sentiment.
Cardano secured 79%, while Chainlink and Dogecoin garnered 77% positivity.
Bitcoin, the leading cryptocurrency, enjoyed positive online discussions, with
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