2022 ratings: Bitcoin was most hated cryptocurrency, ETH and SOL
The last ten years have been formative for cryptocurrencies. During that time, it has transitioned from an experimental notion to an established alternative to more conventional forms of investing. But this doesn’t imply that people always that people within the crypto space have a favorable attitude towards all cryptocurrencies.
Interestingly, Bitcoin (BTC) is one of the most loathed cryptocurrencies in the world, despite its widespread acceptability; at the same time, Ethereum (ETH) and Solana (SOL) are acknowledged to be the world’s most loved digital assets while being competing blockchain networks, according to a study by Coin Kickoff which analyzed over 835,000 geotagged tweets about the top 100 cryptos, to uncover the top 10 most loved and hated cryptos worldwide.
The analysis used HuggingFace — a sentiment-tracking AI tool that can detect positivity and negativity in online messages.
Many consider that DeFi is the future of cryptocurrency since it provides a more diverse alternative to conventional financial services.
According to the data, all five of the most popular currencies on the market by Twitter users operate in this space, with Ethereum and Solana being the most popular and the most popular in 10 different nations, while Cardano (ADA) was the third most adored in 6 countries.
Bitcoin’s 2022 price drop sparks negative Twitter buzz
Though blockchain technology and cryptocurrencies have vast unrealized potential, the 2022 market meltdown acted as a wake-up call to many who had placed bets on the sector’s stability and long-term development. Both Bitcoin and Ethereum lost large percentages of their 2021 value.
Still, being the ‘original’ cryptocurrency, its widespread notoriety makes it many people’s eyes, the safest investment available. Due to its unique ability to withstand the passage of time, it has become a popular investment option.
Still, it hasn’t prevented some from complaining about Bitcoin’s value dropping 70% in 2022 on social media. Bitcoin is the cryptocurrency that has received the most negativity against it in 16 different nations.
Meanwhile, the Axie Infinity (AXS) coin is the most hated coin in seven nations. Its currency suffered in 2022 due to the decline in demand for the popular metaverse games of the same name, which is where much of its value is based.