Top Coins by Social Media Mentions Vs Market Capitalization (Updated Monthly)
Crypto companies often use social media platforms to share news and updates with interested parties and investors.
Communities naturally start to form as like-minded individuals follow the same accounts and post about similar topics.
There are now platforms out there that measure activity across social media websites as a means to provide insight into trending coins and crypto news.
In this article, we have looked at the top mentioned coins of the past 30 days and compared them to each coin’s market capitalization.
Data is accurate as of February 25, 2022.
10. Polygon (MATIC)
Market Capitalization: 10,104,977,138
9. Rarible (RARI)
Market Capitalization: 40,254,124
8. SafeMoon (SAFEMOON)
Market Capitalization: 665,022,926
7. Cardano (ADA)
Market Capitalization: 27,674,256,502
6. Dogecoin (DOGE)
Market Capitalization: 16,488,093,887
5. PancakeSwap (CAKE)
Market Capitalization: 1,744,128,029
4. Tezos (XTZ)
Market Capitalization: 2,731,718,752
3. Shiba Inu (SHIB)
Market Capitalization: 13,207,343,165
2. Ethereum (ETH)
Market Capitalization: 320,303,799,492
1. Bitcoin (BTC)
Market Capitalization: 737,314,438,058
In our research, we found that Bitcoin and Ethereum were the most popular coins on social media, ranking in first and second place respectively in both social media mentions and market capitalization.
However, as we moved further down the list, the correlation between social media mentions and market cap weakened.
For example, despite having more than twice the market capitalization of Shiba Inu, Cardano was mentioned less than half as many times on social media.
Furthermore, Rarible received more mentions than Polygon, despite having just a fraction of its market capitalization.
Rarible's prevalence may be indicative of the growing popularity of NFTs, given that it provides a marketplace for digital works to be bought and sold.