Roller coaster moves for Bitcoin and other cryptocurrencies over the past week. After marking the new historical tops on April 14 (over $ 64,000) coinciding with Coinbase’s IPO, the most noble cryptocurrency collapses after the Central Bank of China (PBOC) reiterated that digital tokens cannot be used as a form of payment, slipping up to $ 30,000, and then rising again.
But not just Bitcoin. The crypto universe is varied as evidenced by the fact that among the discussions on the web of Italians relating to cryptocurrencies no longer bitcoin, but Ethereum, which in this 2021 is showing much better performances. This is what emerges from the latest survey that FinanzaOnline carried out, in collaboration with T-Voice, a company that deals with opinion mining, sentiment analysis and topic discovery by exploiting artificial intelligence algorithms supervised with the aim of offering a precise overview of opinions and feelings shared via the web and social networks.
The analyzes were conducted on more than 21,000 texts in Italian on the topic “Cripto valute” present on the web and on the main social networks for the period from 19 April to 17 May 2021.
All results are presented net of “off-topic”, that is without considering those texts that do not contain the topic of interest.
Italians less positive on cryptocurrencies
From the analysis of T-Voice it emerges that on cryptocurrencies in general, 16.26% of Italians express positive opinions, a slight decrease compared to the previous survey when this percentage was 18%. 69.90% take a neutral position, while the remaining 13.84% express negative opinions, slightly down on the previous T-Voice survey.
The most followed crypto
In detail, the Opinion analysis, which measures the levels of discussion of the main world cryptocurrencies, indicates that the most discussed crypto is stillEthereum (41,61%), a slight increase compared to the previous survey when it was 40.93%, followed by Monero (19.05%) and Bitcoin (12.18%). Earn positions again on Dogecoin al 14,59%.
Ethereum, on the other hand, is the cryptocurrency with the most positive opinions. The Cross-topic analysis, which allows to cross the results of two distinct analyzes to evaluate them jointly, crosses the cryptocurrencies with the sentiment level in order to understand how each cryptocurrency relates to the overall sentiment. The graph shows that Ethereum is now (formerly Bitcoin) the cryptocurrency with the highest frequency of positive opinions, followed by Dogecoin and Bitcoin on an equal footing. The opinions on Monero and Cardano are deeply negative.
Trending topic is an analysis that allows you to identify the level of discussion associated with the most relevant topics of the moment and the the most discussed issue is the issue of financial risk, followed by investments.
A measure of the level of preference among the world‘s major cryptocurrencies is offered by the Web Opinion Index, which ranges from -100 to +100 (Values greater than zero indicate a positive opinion, values less than zero indicate a negative opinion). Here, Ethereum still stands out, with positive opinions overwhelming negative ones by 30, 49 points. Ripple follows at 20.73, Cardano at 7.07. Bitcpoin at -2m52, Dogecoin at -2.67 and Monero at -7.82 in the negative territory.