Over 80% crypto discussions on Reddit were positive in 2023, data shows

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Redditors seem to have an enthusiastic view towards cryptocurrencies, as 84% of discussions in 2023 have been optimistic.

Based on CoinWire, which analyzed over 20,400 posts on Reddit over the past 12 months, the vast majority of discussions on the platform “have been stuffed with positivity,” suggesting buyers are anticipating a rally within the foreseeable future. As famous by the agency, enthusiastic group members are “embracing cryptocurrencies, and this vibrant on-line platform reveals their upbeat outlook.”

Nevertheless, the identical can’t be mentioned for X, the place out of 19,470 crypto-related tweets, solely 65% conveyed a optimistic sentiment.

“However that’s not all; the UK takes the lead on this world cheer, with greater than 72% of crypto-related tweets from this area being optimistic.”


Probably the most optimistic discussions on social media have been centered round stablecoin Tether (USDT), Solana (SOL), and Uniswap (UNI), with 88% of conversations about these cash being full of positivity, CoinWire mentioned.

Over 80% crypto discussions on Reddit were positive in 2023, data shows - 1
Crypto sentiment in 2023 | Supply: CoinWire

Regarding Bitcoin (BTC), buyers additionally specific enthusiasm, albeit with solely 75% of on-line discussions reflecting optimism concerning the largest cryptocurrency by market capitalization.

Binance’s BNB token seems to be the outsider, as greater than 30% of its discussions scored adverse sentiment.

“The negativity is so distinct, with one Reddit person, in a dialogue titled Watch out for Binance Coin.”


In whole, the crypto panorama in 2023 unfolds as a wave of unwavering optimism, CoinWire signifies, including that all year long, crypto belongings have demonstrated outstanding resilience, firmly upholding their place as different monetary devices within the monetary ecosystem.

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