Study finds the most popular cryptocurrency for Russian social media users – Bitcoin News

During the year of rising cryptocurrency prices, online discussions dedicated to cryptocurrencies have increased significantly. Research conducted on Russian social media identified the most talked-about coin, not just Bitcoin in people’s minds.

Experts list the most mentioned cryptocurrencies on Russian social media

Brand Analytics, a company specializing in media monitoring CIS area, recently released a report ranking the most popular cryptocurrencies based on how often they appear in Russian conversations on social media. To assess the interest in encryption topics, its experts analyzed more than 2.4 billion pieces of public information released in October 2021, with more than 46.7 billion words.

Research finds the most popular cryptocurrency for Russian social media users

Using clustering techniques, the researchers found more than 600 name variants, including synonyms, referring to cryptocurrencies, as mentioned by Russian users in their posts last month. For example, in addition to the standard “???????” (the Cyrillic spelling of Bitcoin), statistics also include “?????”, “????????” and the Latin words “bitcoin”, “Bitcoin,” and others.

Bitcoin (Bitcoin) Is the world’s leading cryptocurrency by market value. It ranks first among the 10 most popular digital currencies on Brand Analytics’ Russian social media, with 4,415,200 mentions. Stablecoin Tether (USDT) Ranked second with 855,800 and Litecoin (LTC) Ranked third with 424,300, while Ethereum (Ethereum) Ranked fourth with 417,900 mentions.

Ripple It was followed by 217,400 mentions, followed by DOGE with 216,300 mentions. Solana (SOL) ranked seventh with 196,900, and Monero (XMR) Ranked eighth with 177,900 mentions, followed by Bowscoin (BSC) with 158,400 mentions. Through mentions on Russian social media, Travala (AVA) completed the list of the top 10 cryptocurrencies with 122,000.

author Learn Please note that Bitcoin has rebounded this year (Bitcoin), the price of each coin hit a record high more than once.Record includes Bitcoin It reached nearly US$67,000 in October and approached the US$69,000 mark at the beginning of November.

Research finds the most popular cryptocurrency for Russian social media users

According to analysts, Russian interest in the topic of encryption has not yet reached its peak. “There are thousands of different cryptocurrencies in the world, and only 600 of them are mentioned in the Russian language,” they commented, noting that Russia has recently entered the top three and has huge potential Bitcoin mining destination.

Researchers predict that the penetration rate of cryptocurrencies will increase, and interest in crypto will continue to grow. At present, Russia’s cryptocurrency and minting related activities are only partially regulated, mainly by the “digital financial assets” law.The Russian authorities are preparing to resolve many other regulatory issues, including mining And taxes.

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