According to a press release provided exclusively to CoinDesk, data analysts at the Pacific Northwest National Laboratory PNNL measured the speed and scale of discussions related to three cryptocurrencies, bitcoin, ethereum, and monero, on Reddit. For the study, they crunched data covering a three-year span from January to January Of the three cryptos, they found bitcoin was the most discussed, with 3, comments posted each day. Posts about monero and ethereum, meanwhile, took on average 20 minutes and 27 minutes, respectively, for the discussion to kick off.
Research: Reddit Crypto-Related Discussion Volume Strongly Correlated to Price
DARPA-Funded Study Looks at How Crypto Chats Spread on Reddit - CoinDesk
Notre Dame University and the Pacific Northwest National Laboratory released a study on the speed and scale of cryptocurrency discussions on Reddit. On average, the bitcoin subreddit has seen 3, comments per day, the ethereum subreddit , and the monero subreddit Over the studied period, , bitcoin, 41, ethereum and 15, monero threads have been created. The researchers also observed that bitcoin-related posts on average started gathering comments after 11 minutes, while ethereum-related threads took 20 minutes, and ones concerning monero 27 minutes. However, posts about bitcoin were shorter-lived, while discussions about monero lasted more than ones about the other two coins.
DARPA-Funded Study Looks at How Crypto Chats Spread on Reddit
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