Study Finds Most Popular Cryptocurrencies Among Russian Social Media Users –

In a year of rising crypto prices, online chatter about cryptocurrencies has increased significantly. Research conducted on Russian social media revealed that coins are the most discussed, and it's not just Bitcoin on people's minds.

Experts list the most mentioned cryptos on Russian social media

Brand Analytics, a company specializing in media monitoring in the CIS area, recently published a report ranking the most popular cryptocurrencies according to the frequency of their appearance in Russian-language conversations on social media. To assess interest in crypto topics, its experts analyzed over 2.4 billion public messages containing more than 46.7 billion words published in October 2021.

Using clustering technology, researchers discovered over 600 name variants, including synonyms related to cryptocurrencies, mentioned by Russian-speaking users in their posts last month. In addition to the standard “биткоин”, the Cyrillic spelling of Bitcoin, the statistics contain, for example, words such as “биток”, “биткоиня” and the Latin “bitcoin”, “ BTC," and other.

Bitcoin ( BTC ), the world's leading cryptocurrency by market capitalization, tops Brand Analytics' list of the 10 most popular digital coins in Russian-language social media with 4,415,200 mentions. The stablecoin Tether ( USDT ) is second with 855,800, Litecoin ( LTC ) third place with 424,300 and ethereum ( ETH ) is in fourth place with 417,900 mentions.

XRP follows with 217,400 mentions, closely followed by DOGE with 216,300. Solana (SOL) is in seventh place with 196,900, Monero ( XMR ) is in eighth place with 177,900 mentions, followed by Bowscoin (BSC) with 158,400. With 122,000, travala (AVA) completes the list of the top 10 cryptocurrencies by mentions on Russian social media.

The authors of the learn Note that there has been a rally for Bitcoin this year ( BTC ), with the price per coin reaching an all-time high more than once. The records include BTC It reached almost $67,000 in October and approached $69,000 in early November.

According to analysts, Russians' interest in crypto topics has not yet reached its peak. “There are thousands of different cryptocurrencies in the world, of which only 600 are mentioned in Russian-speaking countries,” they note, pointing out that Russia has great potential as it recently entered the top three Bitcoin mining Destinations.

Cryptocurrency penetration will increase, researchers predict, and interest in crypto will continue to grow. Currently, cryptocurrencies in Russia, as well as related activities such as coin minting, have only been partially regulated, mainly through the Law “On Digital Financial Assets”. Russian authorities are preparing to address a number of other regulatory issues, including those related to Mining and taxation.

How do you assess the results of the study on the popularity of cryptocurrencies in Russian social media? Let us know in the comments section below.

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