In 2021, which was a tremendous year for the crypto market, there was also a huge increase in the adoption rate of Bitcoin and cryptocurrencies.
As a natural consequence of the increased adoption rate, more people are interested in and investing in cryptocurrencies. The growing interest in cryptocurrencies also showed itself on social media platforms.
Twitter, one of the most popular social media platforms, also has a separate place for cryptocurrency communities. In this context, as we come to the end of 2021, London-based data analysis company GlobalData has announced the 10 most talked about cryptocurrencies on social media in 2021.
According to analysis by GlobalData, social media engagement in cryptocurrencies has increased by more than 400% this year compared to last year.
GlobalData’s social media platform stated that “Bitcoin” is the most talked about cryptocurrency on social media among Twitter users and influencers in 2021.
While the leading cryptocurrency Bitcoin maintains its peak, Ethereum and the most popular meme token Dogecoin are right behind it.
GlobalData social media analyst Smitarani Tripathy said about the data:
“In 2021, the words of technical experts, Blockchain experts, and CEOs were found to be more influential to drive the crypto debate.
Tesla CEO Elon Musk has proven to be one of the most influential contributors to the crypto market and has acted as a catalyst for top cryptos like Bitcoin and Dogecoin.”
The data shows “SEC approval of Bitcoin futures ETF” in Bitcoin, “what is happening in all areas of the cryptocurrency market such as DeFi, NFT and Metaverse” in Ethereum, and “Elon Musk’s shares and listing on RobinHood exchange in Dogecoin. “It has proven effective.
Finally, Cardano (ADA), Ripple (XRP), Polkadot (DOT), Tether (USDT), Binance Coin (BNB), Solana (SOL), and Shiba Inu (SHIB) were among the top 10 most talked about cryptos.
It was stated that the increase in social media engagement of Shiba Inu, the second most popular meme token after Dogecoin, was caused by speculation about its listing on Robinhood.
*Not investment advice.