Survey Reveals Top Social Media Platforms for Crypto Enthusiasts

According
to
a
recent
survey
by
CoinGecko,
the
majority
of
the
crypto
community
spends
their
time
on
X
(formerly
Twitter),
Telegram,
and
YouTube.
These
platforms
collectively
garnered
84.0%
of
the
responses
from
participants,
showcasing
their
dominance
in
the
crypto
social
media
landscape.

X
Dominates,
But
Not
Exclusively

While
X
emerged
as
the
most
popular
platform,
it
was
the
primary
choice
for
only
41.7%
of
the
respondents.
This
indicates
that
even
though
X
is
widely
recognized
for
its
crypto-related
content
and
discussions,
it
is
not
the
sole
hub
for
the
community.
Other
platforms
also
play
a
significant
role
in
the
crypto
ecosystem.

Telegram
and
YouTube:
Close
Contenders

Telegram
and
YouTube
followed
closely,
with
21.5%
and
20.8%
of
participants
respectively
indicating
these
as
their
main
platforms.
Both
platforms
are
crucial
for
real-time
updates
and
comprehensive
video
content,
making
them
indispensable
for
many
in
the
crypto
community.

Other
Platforms
in
the
Mix

Discord
and
Reddit,
though
less
popular,
still
hold
their
ground
with
6.8%
and
4.5%
of
the
participants
respectively.
These
platforms
are
often
considered
supplementary
but
are
essential
for
niche
discussions
and
community
building.
Farcaster,
a
decentralized
social
media
platform,
was
the
main
choice
for
1.3%
of
respondents,
showing
some
traction
but
still
in
its
early
days
of
adoption.

A
small
fraction,
2.4%,
indicated
the
use
of
other
platforms
such
as
4chan,
WhatsApp,
and
TikTok.
More
unusual
mentions
included
DeBank,
Odysee,
and
GitHub.

Where
Do
People
Get
Crypto
News?

The
survey
also
revealed
that
social
media
platforms
are
the
primary
sources
of
crypto
news
and
information.
A
significant
73.8%
of
respondents
relied
on
X,
YouTube,
or
Telegram
for
their
crypto
updates,
while
only
6.5%
turned
to
news
websites.

X
was
the
most
popular
source,
with
34.4%
of
participants
depending
on
it
for
information.
Notably,
66.7%
of
those
who
primarily
used
X
also
considered
it
their
main
information
source.
YouTube
came
in
second
with
a
23.4%
share,
followed
by
Telegram
at
16.0%.
The
trend
indicates
a
preference
for
obtaining
information
on
the
same
platforms
where
users
spend
most
of
their
time.

Less
Popular
Information
Sources

Discord,
newsletters,
Reddit,
podcasts,
and
Farcaster
were
less
favored,
with
shares
of
5.3%,
3.8%,
3.3%,
1.6%,
and
0.8%
respectively.
Interestingly,
4.6%
of
participants
mentioned
using
a
combination
of
sources,
including
data
analytics
sites
and
personal
connections.

Methodology

The
survey
was
conducted
as
part
of
the
CoinGecko
Post-Halving
Sentiment
Survey
from
June
25
to
July
8,
2024,
and
included
responses
from
2,558
crypto
participants.
The
results
provide
insights
into
the
behavior
and
preferences
of
the
crypto
community
but
should
be
viewed
as
indicative
only.

Among
the
participants,
69%
identified
as
long-term
investors,
18%
as
short-term
traders,
7%
as
builders,
and
6%
as
sidelined
spectators.
The
majority,
87%,
were
based
in
Europe,
Asia,
North
America,
and
Africa.

This
study
serves
as
an
informative
piece
and
is
not
financial
advice.
Always
conduct
your
own
research
before
investing
in
any
crypto
or
financial
asset.

For
more
detailed
insights,
the
full
survey
results
can
be
accessed
on

CoinGecko.

Image
source:
Shutterstock