The findings emerged from a new report by TRG Datacenters that analyzed a year’s worth of tweets between January 2021 and January 2022 concerning five of the most popular cryptocurrencies to figure out which digital assets were the most emotionally stirring on Twitter.
According to the analysis — which looked at Bitcoin (BTC), Cardano (ADA), Dogecoin, Ether and Litecoin (LTC) — Ether was firmly the most negatively associated, with 29% of all tweets containing a negative sentiment. The decision not to include Ripple, which has ardent fans but also very passionate critics, probably makes the study less comprehensive than it should have been.
The bulk of the criticism leveled at Ether concerned its speed compared to other layer 1 alternatives, as well as its energy costs. Peak Ether negativity from Crypto Twitter occurred when a bug caused Ethereum to briefly split into two chains in late August 2021.
Bitcoin was the second-most hated on Twitter, with a 27% total negativity score. Cardano followed a distant third with a 16% negative association. Meanwhile, Litecoin sat in fourth place with just 8% of all tweets having a negative angle.
The report collected data in such a way that negative sentiment tweets were analyzed based on the inclusion of the following phrases and the name of each cryptocurrency; “Hate,” “is a scam,” “disappointed with” “disappointed,” “dip in,” “bad,” “lost money with” “loss on.”
Dogecoin was the crowd favorite on the social media platform, with just 6% of all tweets concerning the popular memecoin containing some form of unfavorable sentiment. This means that 94% of all tweets concerning DOGE contain a positive slant, displaying the strength and cohesiveness of the token’s community on Crypto Twitter.
Dogecoin’s popularity was closely linked to the token’s healthy relationship with the social media platform’s new owner Elon Musk. Musk’s public decision to accept DOGE as payment for Tesla merchandise drove sentiment to all-time highs.
A crypto trader who defrauded over 170 people was sentenced to 42 months in prison on Wednesday for operating a series of cryptocurrency funds claiming to make big returns but in reality, were losing money and instead operated as a Ponzi scheme.
The United States Department of Justice (DOJ) said that 25-year-old Jeremy Spence had solicited millions through false representations, “including that Spence’s crypto trading had been extremely profitable when, in fact, Spence’s trading had been consistently unprofitable.”
Spence, who operated the social media channels for a crypto investment scheme called Coin Signals, was handed the decision by United States District Judge Lewis Kaplan for the U.S. District Court for the Southern District of New York. Spence was also sentenced to three years of supervised release and ordered to pay back his victims an amount of over $2.8 million.
Spence pleaded guilty to commodities fraud in November 2021 for soliciting over $5 million from unwitting crypto investors by creating various cryptocurrency funds from November 2017 until April 2019, which he falsely claimed were making returns but were actually making losses.
One example provided by the DOJ said Spence posted a message to an online chat group claiming that one of the funds made a 148% return that month.
According to Law360, judge Kaplan, who presided over the case, said:
“The thing I was struck by was the stupidity of the people you gulled into investing with you, there are real-life consequences to these shenanigans and they are serious.”
Seeking to make a profit, investors would transfer crypto to Spence to invest, but as his trades weren’t making gains, he created fake account balances to hide the losses. Spence started operating a Ponzi scheme using funds from new investors to pay earlier investors, with estimates that around $2 million worth of cryptocurrencies were distributed in this manner.
The queen of pop has collaborated with record-setting artist Beeple to create a series called Mother of Creation, which includes three nonfungible tokens (NFTs) titled Mother of Technology, Mother of Nature and Mother of Evolution. The NFTs show a 3D likeness of Madonna giving birth to robot centipedes, butterflies and trees.
As the markets went crazy over stablecoins showing instability, Madonna and Beeple decided that it was the right time to show the community something even crazier — NFTs showing a 3D model of the 63-year-old singer-songwriter’s vagina.
Following the drop, the community reacted with various perspectives, with some being inspired and some criticizing various aspects of the artwork. Twitter user Emiko Inoue wrote that the artwork is “the most inspiring” art and mentioned that if she could afford it, she would “gladly buy one without thinking.”
On the other hand, Twitter user artbyjstelco tweeted that he “absolutely hates” the art. They criticized many details of the NFT including how mother nature should “not wear make-up” and have “fake tits and hair.” The Twitter user also noted that giving birth is a painful act and the artwork doesn’t capture this.
The NFTs are currently collectively worth 28 Ether (ETH), around $56,000 at the time of writing. The auction is set to end within 35 hours. According to the collection’s description on the NFT marketplace SuperRare, the money collected from the drop will go to three different charities that are focused on women and children all over the world.
This Daily Dose was brought to you by Cointelegraph.