There are a lot of cryptocurrencies out there, and some have become more popular than others. Social media plays a significant role not only for people to get the latest news, but some also leverage the tool to gather signals to aid their investment strategy. In this blog post, we will go over the most popular cryptocurrencies on Twitter based on their hashtag usage. This information is essential for those who want to invest in cryptocurrency, as it gives them an indication of which currencies they should be paying attention to.
Which are the most followed cryptocurrencies on Twitter?
It’s clear that hashtag volumes and Twitter follower counts are not directly representative of the potential and value of a particular cryptocurrency. This is also why this article is merely a report and not an investment recommendation. Read on to find out which the most popular cryptocurrencies on Twitter are, based on their hashtags. Will your favorite be among them? Read on to find out.
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The list is based on the report of WatcherGuru but updated with the current follower numbers for each respective cryptocurrency account on Twitter.
10. Polkadot (DOT) 1M followers
Polkadot is a cryptocurrency that comes from a company called Parity Technologies. It was created in late 2017 by Gavin Wood, co-founder of Ethereum. The goal of Polkadot is to create a network that allows for different blockchains to interact with each other. Polkadot raised $145 million in a token sale in October of 2017.
9. Solana (SOL) 1.2M followers
Solana is a new cryptocurrency that has recently been released. It has quickly become one of the most popular cryptocurrencies on Twitter, with over 1.2 million followers. Solana is a Proof-of-Authority (PoA) blockchain that uses a novel Proof-of-Stake algorithm called LPoS. It aims to be the most scalable and energy-efficient blockchain platform in the world. Solana is based in Switzerland and was founded by Anatoly Yakovenko.
8. Cardano (ADA) 1.2M followers
Cardano was created in 2015 by Charles Hoskinson, a co-founder of Ethereum. The goal of Cardano is to become a “better Bitcoin” through the use of scientific philosophy and peer-reviewed academic research. Cardano is unique in that it is the first blockchain platform to be built from scratch with a scientific philosophy. It also features a layered architecture, which allows for improved security and scalability.
7. SafeMoon (SFM) 1.3M followers
SafeMoon 2.0 is a new and improved version of the SafeMoon cryptocurrency. It is faster, more secure, and has a lower transaction fee than the original version. SafeMoon was created in 2017 as a way to make online transactions more secure. It is based on the Bitcoin protocol but has been modified to make it even more secure. SafeMoon uses a unique algorithm that makes it impossible for anyone to hack or steal your money.
6. Ethereum (ETH) 2M followers
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third-party interference. Ethereum is the first decentralized platform to run its own Turing-complete virtual machine, the Ethereum Virtual Machine (EVM). The EVM makes it possible to execute scripts on the blockchain, which allows developers to create decentralized applications that run on the blockchain. Ethereum also allows for “smart contracts,” which are contracts that are automatically executed when certain conditions are met.
5. Ripple (XRP) 2.3M followers
The cryptocurrency Ripple was released in 2012 and has been growing in popularity ever since. The company started with 100 billion coins to be shared among the community, but due to high interest, they had to release 37 billion more coins into circulation for people to use. Ripple is a global payment network, which makes it possible to transfer vast amounts of money quickly and cheaply. It became the second most popular cryptocurrency in 2016, with a 38% growth from 2015.
4. Shiba Inu coin (Shib) 2.5M followers
The cryptocurrency Shib is a digital currency based on the idea of self-regulation and decentralization. This project aims to create a decentralized, autonomous, uncontrolled system that will provide an alternative to the fiat monetary system. This includes providing security for all transactions with zero risk while also solving major issues like poverty and famine.
3. Dogecoin (DOGE) 2.8M followers
Dogecoin is a cryptocurrency that was created in 2013. It is based on the Bitcoin protocol but with a few tweaks, including the use of the Scrypt mining algorithm. Dogecoin was initially intended to be a ” joke currency, “but it has become one of the most popular cryptocurrencies in the world. As of January 2018, Dogecoin has a market capitalization of over $2 billion.
2. Bitcoin (BTC) 4.2M followers
Bitcoin is the first and most well-known cryptocurrency. It was created in 2009 by an anonymous person or group of people under the name Satoshi Nakamoto. Bitcoin is a digital asset and a payment system, which operates without a central bank or single administrator. Without the hype of Bitcoin, it’s unclear whether or not there would be other cryptocurrencies today.
1. Binance (BNB) 7M followers
Binance is a cryptocurrency exchange that was launched in July 2017. It is one of the most popular exchanges, with a 24-hour trading volume of over $1.5 billion. The BNB coin is the native currency of the Binance exchange, and it can be used to pay fees on the platform. The exchange is based out of Hong Kong and has servers in Japan, Korea, and the United States. It’s one of the most popular places if you want to buy cryptocurrencies.
Conclusion
The first-ranked Binance also gained a lot of followers for its exchange platform, which makes the comparison a bit difficult, but it is what it is. Ten of the world’s most popular cryptocurrencies are at your disposal. Can you buy a sandwich with any of these at a random store outside? No, you can’t, and if any would make it, it’s likely Bitcoin, but similar to the trend of trading with NFTs, people from all over the world try their luck at investing in their favorite cryptocurrencies, trying to become a millionaire.
The cryptocurrency and NFT market is constantly changing. Just a few years ago, Bitcoin was the only currency worth investing in, and now there are hundreds of currencies to invest in, with even more being created every day. The trend of using cryptocurrencies in everyday life is not going away anytime soon, but it still has a long way to go before being accepted by the masses. But maybe there’s more to crypto than just trying to get rich? Communities shape up, people make friends and have fun together. Perhaps the value of a cryptocurrency could also relate to the quality of its community.
In today’s world, there are many different people with different backgrounds and interests that can be reached through social media. No matter your interest or passion, most likely, you’ll find a community on social media where you can discuss your favorite subjects and maybe even make a few friends. That’s why active social marketing and community management is important, as it allows more people to become aware of the projects being worked on through different cryptocurrencies.
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Photo credit: The feature image has been done by Kraken Images. The photo showing a cryptocurrency mining farm setup was shot by Amix Studio. The picture with a technician checking the status of devices was provided by Bernard Bodo.
