In a year with cryptocurrency prices rising, online chatter about cryptocurrencies has increased dramatically. Russian social media research has identified the most talked about coins and it’s not just bitcoin on people’s minds.
Experts list the most mentioned cryptos on Russian social networks
Brand Analytics, a company specializing in media monitoring in the CIS zone, recently released a report ranking the most popular cryptocurrencies by how often they appear in Russian-language conversations on social media. To gauge interest in crypto topics, its experts analyzed over 2.4 billion public messages with over 46.7 billion words, published in October 2021.
Using clustering technology, the researchers discovered more than 600 variant names, including synonyms, referring to cryptocurrencies, mentioned by Russian-speaking users in their posts last month. For example, in addition to the standard “bitcoin”, the Cyrillic spelling of bitcoin, statistics include words such as “биток”, “биткоиня” as well as the Latin “bitcoin”, “BTC” and others.
Bitcoin (BTC), the world’s leading market-capitalization crypto, tops Brand Analytics’ list of the 10 most popular digital coins on social media in Russian with 4,415,200 mentions. Stablecoin tether (USDT) is second with 855,800, Litecoin (LTC) is 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 top 10 cryptocurrencies with mentions on Russian social networks.
The study authors note that this year has seen a rally for bitcoin (BTC), with the price per coin hitting all-time highs more than once. Records include BTC reaching nearly $ 67,000 in October and nearly $ 69,000 in early November.
According to analysts, Russian interest in crypto topics has not yet peaked. “There are thousands of different cryptocurrencies in the world, while only 600 of them are mentioned in the Russian-speaking space,” they note, noting that Russia has great potential as it has recently entered the world. three main bitcoin mining destinations.
Penetration of cryptocurrencies will increase, researchers predict, and interest in crypto will continue to grow. So far, cryptocurrencies in Russia as well as related activities such as coin minting have only been partially regulated, mainly with the “Digital Financial Assets” law. The Russian authorities are preparing to address a number of other regulatory aspects, including those relating to mining and taxation.
What is your opinion on the results of the study on the popularity of cryptocurrencies on Russian social networks? Let us know in the comments section below.
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