Over 80% crypto discussions on Reddit were positive in 2023, data shows

Redditors appear to have an enthusiastic view toward cryptocurrencies, as 84% of discussions in 2023 were positive.

According to CoinWire, which analyzed over 20,400 posts on Reddit over the last 12 months, the majority of discussions on the platform “were full of positivity,” suggesting investors are anticipating a rally in the foreseeable future. As noted by the firm, enthusiastic community members are “embracing cryptocurrencies, and this vibrant online platform reveals their upbeat outlook.”

However, the same cannot be said for X, where out of 19,470 crypto-related tweets, only 65% conveyed a positive sentiment.

“But that’s not all; the United Kingdom takes the lead in this global cheer, with more than 72% of crypto-related tweets from this region being positive.”

CoinWire

The most optimistic discussions on social media were centered around stablecoin Tether (USDT), Solana (SOL), and Uniswap (UNI), with 88% of conversations about these coins being filled with positivity, CoinWire said.

Concerning Bitcoin (BTC), investors also express enthusiasm, albeit with only 75% of online discussions reflecting optimism about the largest cryptocurrency by market capitalization.

Binance’s BNB token appears to be the outsider, as more than 30% of its discussions scored negative sentiment.

“The negativity is so distinct, with one Reddit user, in a discussion titled Beware of Binance Coin.”

CoinWire

In total, the crypto landscape in 2023 unfolds as a wave of unwavering optimism, CoinWire indicates, adding that throughout the year, crypto assets have demonstrated remarkable resilience, firmly upholding their position as alternative financial instruments in the financial ecosystem.