Study Shows Dogecoin Investors Are the Least Stressed After the FTX Disaster

Popular meme coin Dogecoin (DOGE) secured a decent spot in the ranking of top cryptos and corresponding “stress levels” affecting those investing in the token.

Investing your hard-earned money in an ever-changing market can be difficult under the best of circumstances. Still, many people don’t really care about the uncertainty and turmoil of cryptocurrencies.

With real-world events and philanthropic billionaires causing currency values ​​to fluctuate, it’s not surprising that investors around the world find holding cryptocurrencies worrisome.

Dogecoin (DOGE) investors are among the least concerned about the current market downturn, according to a survey released Nov. 17 by crypto education-focused platform Coin Kickoff.

Dogecoin (DOGE) investors are among the least concerned about the current market downturn, according to a survey released Nov. 17 by crypto education-focused platform Coin Kickoff.

As of this writing, DOGE is trading at $0.076361, down 10% over the past seven days, data from Coingecko shows.

Dogecoin investors optimistic about the token

To determine where bitcoin investing causes the most fear, the study looked at in-depth geotagged tweets that included the hashtags of the 50 cryptocurrencies with the largest market value.

And when examining the stress levels in the tweets, TensiStrength – a sentiment analysis tool – was used to quantitatively assess the emotional content of social media posts.

According to the study, the stress level of Dogecoin holders seems to coincide with the DOGE community’s bullish view on the token’s price.

The Dogecoin community on CoinMarketCap estimates that the price of Dogecoin will be $0.096 on December 31st this year. At the time of writing this meme coin was worth $0.08.

The most stressful countries for crypto

Meanwhile, the survey has revealed that the UAE is the most stressful country to invest in. Based on popular sentiment on social media, around 30% of cryptocurrency tweets are fearful in tone.

Dubai, which aspires to become a global innovation hub and the first nation to run its economy on blockchain, is now hosting Asia’s largest virtual currency investor convention.

Rounding out the other list, investors from New Mexico (33.1%), Vermont (30.4%) and Wyoming (29.9%) are among the most concerned in the United States about their crypto assets.

Investors in Amsterdam (30.7%) are most concerned about the performance of their cryptocurrency. Warsaw (29.8%) and Cairo (29.8%) also have notably high levels of stress from digital currency holders.

FTX token holders were the most concerned about their Bitcoin purchase. Almost 38% of tweets related to the token were negative.

Incidentally, the FTT corrected by more than 80 percent at times, with the value possibly falling to zero.

DOGE market cap at $10 billion on the daily chart | Featured image from Verywell Mind, Chart: TradingView.com

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