Social Sentiment: USDC top crypto in first week 2022
Social Sentiment: USDC top crypto in first week 2022
Crypto

Social Sentiment: USDC top crypto in first week 2022

By Stefania Stimolo - 10 Jan 2022

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Social sentiment in the first week of 2022 ranks USD Coin (USDC) with the best attention score, followed by TRON, KDA, FTM and BUSD.

Social sentiment: data from 1 to 7 January 2022

According to data analyzed by Sentifi, it appears that in the first week of 2022 (1-7 January), user behaviours on social media, news and blogs recorded social sentiment that rewards USD Coin (USDC) in first place, followed by TRON, KDA, FTM and BUSD.

Specifically, USDC achieved a sentiment score of 56 and an attention buzz of 89%. TRON, on the other hand, came in second with a sentiment score of 49 and an attention buzz of 13%. 

In third and fourth place, there are Kadena and Fantom with sentiment scores of 44 and 39 respectively, though attention is -26% for KDA and 53% for FTM. 

Last in the top 5 social sentiment rankings is Binance USD (BUSD) with a sentiment score of 39, but an attention percentage of -2%

Top 5 cryptocurrencies by social sentiment

Top 5 cryptocurrencies by social sentiment

Top 5 cryptocurrencies

The current sixth crypto by market capitalization, USDC, seems to have been heavily followed in the first week of the new year. This could be attributed to the latest news from the stablecoin that it is now also present on the OKEx exchange as a TRC-20 token, belonging to the TRON blockchain.

“Access to #USDC keeps growing! @OKEx now supports #TRON USDC (TRC-20), bringing the fastest-growing dollar digital currency to even more users around the world”.

It’s no coincidence that TRON also took the second spot in the top five crypto assets by social sentiment. While scanning the latest news, TRON stated last week that it is ready to become a DAO. Following the resignation of its CEO, Justin Sun, in December, the Tron Foundation is now entrusting the DAO with the task of managing the network, becoming a fully decentralized protocol. 

In any case, Sun himself showed a few hours ago the success of USDC in its TRC-20 version, which has exceeded $600 million of its circulation supply. 

KDA, FTM and BUSD: other cryptocurrencies most followed on social networks

Following with the social sentiment ranking, in third, fourth and fifth place are Kadena (KDA), Fantom (FTM) and Binance Coin (BUSD). 

Even the 75th crypto by market cap, KDA was followed as much, probably after the announcement of the OKEx exchange supporting the KDA/USDT crypto pair. 

“We’re excited to announce [email protected]_io’s KDA token will be listed on @OKExtoday at 10AM UTC (Jan 5)!The KDA wallet on Okex is officially open for deposits! KDA trading pair will initially launch with #Tether (#USDT)!”

Surely, the social sentiment does not reflect the trend of the KDA price, which since January 1, 2022, is bearish, following the general trend led by the queen of crypto Bitcoin. 

By contrast, the price chart of FTM is different, which since January 1, 2022, has seen a swing from $2.48 to $3.10, returning to $2.34 at the time of writing. According to analyses carried out during that week, the price of Fantom could rise again

Finally, Binance’s stablecoin pegged to the dollar fell to fifth place by social sentiment. BUSD is in 15th place by market capitalization, with a total market cap of $14 billion, a far cry from USDC’s $43 billion, the current leader in sentiment as well. 

Stefania Stimolo

Graduated in Marketing and Communication, Stefania is an explorer of innovative opportunities. She started out as a Sales Assistant for e-commerce, and in 2016 she began to develop a passion for the digital world, initially in the Network Marketing sector, where she discovered and became passionate about the ideals behind Bitcoin and Blockchain technology, which lead her to work as a copywriter and translator for ICO projects and blogs, and organize introductory courses.

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