You’ll Never Guess Reddit’s Favorite Cryptocurrency

A new study of crypto industry sentiment reveals rabid optimism – and a surprising choice for Reddit’s favorite cryptocurrency. | Source: Shutterstock

Consumer researchers have concluded that general support for cryptocurrency is incredibly high.

Comparitech, a firm devoted to research and consumer-centric issues, crunched the data on over 48,000 Reddit posts culled from cryptocurrency subreddits and found that more than 85% of all sentiment was positive.

That’s not particularly surprising, but other data from Comparitech’s study might catch you off guard.

Reddit: The Yelp of Bitcoin

The posts analyzed by the researchers date from January 2017, when Bitcoin retouched $1,000 after four years trolling the gutters for spare change, to July 2019.

Generally speaking, consumers are more likely to express rage online than support. That isn’t the case with cryptocurrency, as the report’s authors point out.

“Previous studies have revealed that people are much more likely to write a…