What is the Reddit community saying about Crypto? Weekly update #7
Every week I check what the Reddit Community is saying about crypto. I do this by scraping the comments of the daily discussion of the Cryptocurrency Reddit page (with over 740.000 readers) using Python. In total over 886 comments were placed on the 28th of September. I will compare the comments with past weeks. Here are the results:
| June (18th) Top 10 | August (5th) Top 10 | September (10th) Top 10 |
|---|---|---|
| 1. Bitcoin (112x) | Bitcoin (79x) | Ripple (87x) ♦ |
| 2. Market (85x) | Up (69x) | Up (86x) |
| 3. Up (81x) | Crypto (59x) | Bitcoin (78x) ⇩ |
| 4. Price (63x) | Money (47x) | Crypto (65x) ⇩ |
| 5. Down (63x) | Coins (46x) | Price (53x) ⇧ |
| 6. Money (53x) | Price (38x) | Down (51x) ♦ |
| 7. Ethereum (50x) | Buy (38x) | Market (50x) ♦ |
| 8. Sell (42x) | Coinbase (37x) | Money (50x) ⇩ |
| 9. Bull (35x) | Ethereum Classic (37x) | Buy (40x) ⇩ |
| 10. Coins (30x) | Ethereum (35x) | Coin (38x) ♦ |
The results
The table above shows the top 10 words used in the comments of the 28th of September and previous dates (18th of June and 5th of August). The top 10 roughly remains the same. But for the first time in weeks Bitcoin is not the most mentioned word on the daily discussion. Ripple (XRP) instead is mentioned the most, which is pretty obvious considering the recent price action. New words in the top 10 are: Down (51x), Market (50x) and Coin(38x). In line with past post, the term Up and price are mentioned often, perhaps the market will have an upward movement next week. Other currencies mentioned besides Bitcoin and Ripple are: Ethereum (17x) and Nano (12x).
Next week I will once again compare the results to previous findings and try to add context to the results. Until next week!