Crypto Sentiment 2023: Positive Outlook on Reddit
A recent report on crypto online sentiment for 2023 reveals a positive overall result. The report analyzed discussions on online forums, social media engagements, and reflections from journalistic outlets about cryptocurrencies. Using the Natural Language Toolkit (NLTK) library in Python, the report calculated cumulative scores for positive, negative, and neutral sentiments in each tweet, post, and article.
On Reddit, 84% of discussions about cryptocurrencies are positive for 2023. This indicates that the platform’s users are enthusiastic about crypto and see positive prospects. On X (formerly Twitter), over 65% of tweets about cryptocurrencies have a positive sentiment. The United Kingdom leads the ranking of countries supporting crypto on Twitter, while Argentina has the least support for crypto.
Crypto Sentiment 2023: Analysis on Every Coin
The report also analyzed the sentiment for each coin in 2023. Tether (USDT), Solana, and Uniswap have the most positive discussions on social media with 88% positive scores. Toncoin follows with 82%, and Ethereum and Shiba Inu have an equal merit of 80%. Cardano, Chainlink, Dogecoin, and Bitcoin also have high percentages of positive sentiment. Binance Coin (BNB) has the least positive online discussions.
MOON: Reddit’s Native Crypto
MOON is the native crypto of Reddit, launched in 2020 as an ERC-20 token. Its annual price chart shows a pump of +47% compared to the end of 2022. At its peak in August, MOON was worth $0.50. Currently, MOON is valued at $0.12 with a market cap exceeding $13 million.
Hot Take: Positive Sentiment on Reddit Drives Crypto Enthusiasm
The 2023 crypto sentiment report reveals that Reddit is a platform where users express overwhelmingly positive sentiment towards cryptocurrencies. This positive outlook is reflected in the rankings of countries, coins, and discussions on social media platforms. The resilience of cryptocurrencies in 2023 has fascinated investors, technologists, and decentralized finance enthusiasts. It shows that crypto continues to be a beacon of opportunities in the digital realm for both industry insiders and newcomers. As the crypto market evolves, it will be interesting to see how sentiment on Reddit and other platforms shape the future of this rapidly growing industry.
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