Bitcoin News and Finance
Study Finds Most Popular Cryptocurrencies With Russian Social Media Users Skip to main content

Study Finds Most Popular Cryptocurrencies With Russian Social Media Users

Study Finds Most Popular Cryptocurrencies With Russian Social Media Users

In a year with rising crypto prices, online chatter devoted to cryptocurrencies has increased significantly. Research carried out on Russian social media has identified the most talked about coins and it’s not just bitcoin on people’s minds.

Experts List Most Mentioned Cryptos on Russian Social Media

Brand Analytics, a company specializing in media monitoring in the CIS area, has recently published a report ranking the most popular cryptocurrencies, according to the frequency of their appearance in Russian-language conversations on social media. To assess interest in crypto topics, its experts have analyzed over 2.4 billion public messages with more than 46.7 billion words, published in October 2021.

Study Finds Most Popular Cryptocurrencies With Russian Social Media Users

Using clustering technology, the researchers discovered over 600 variants of names, including synonyms, referring to cryptocurrencies, mentioned by Russian-speaking users in their posts last month. For example, in addition to the standard “биткоин,” the Cyrillic spelling of bitcoin, the statistics include words such as “биток,” “биткоиня” as well as the Latin “bitcoin,” “BTC,” and others.

Bitcoin (BTC), the world’s leading crypto by market cap, tops Brand Analytics’ list of the 10 most popular digital coins on Russian-language social media with 4,415,200 mentions. The stablecoin tether (USDT) is second with 855,800, litecoin (LTC) places third with 424,300, and ethereum (ETH) is fourth with 417,900 mentions.

XRP is next with 217,400 mentions, followed closely by DOGE with 216,300. Solana (SOL) comes in seventh place with 196,900, Monero (XMR) is eighth with 177,900 mentions, followed by Bowscoin (BSC) with 158,400. With 122,000, travala (AVA) completes the list of the leading 10 cryptocurrencies by mentions on Russian social media.

The authors of the study note that this year has seen a rally for bitcoin (BTC), with the price per coin reaching all-time highs more than once. The records include BTC hitting almost $67,000 in October and nearing the $69,000 mark in early November.

Study Finds Most Popular Cryptocurrencies With Russian Social Media Users

According to the analysts, interest in crypto topics among Russians is yet to peak. “There are thousands of different cryptocurrencies in the world, while only 600 of them are mentioned in the Russian-speaking space,” they remark, pointing out that Russia has great potential as it recently entered the top three bitcoin mining destinations.

The penetration of cryptocurrencies will increase, the researchers predict, and interest in crypto will continue to grow. For now, cryptocurrencies in Russia as well as related activities such as coin minting have been only partially regulated, mainly with the law “On Digital Financial Assets.” Russian authorities are preparing to address a number of other regulatory aspects, including those pertaining to mining and taxation.

What’s your opinion on the findings of the study about the popularity of cryptocurrencies on Russian social media? Let us know in the comments section below.

Labels:

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r
Post a Comment
Read more
Blogarama - Blog Directory