Uncover Social Media Interactions On Cryptocurrencies Using Social Set Analysis (SSA)

Abstract

Cryptocurrencies are decentralized digital currencies that use blockchain technology to create a secure and decentralized environment. In the decade since the inception of social media, it has created revolutions and connected people with interests. Social media platforms such as Twitter allow users worldwide to share opinions, emotions, and news. Twitter is one of the most used social media platforms worldwide, where millions of users share tweets continuously every second. By leveraging 1724328 tweets, this research-in-progress paper aims to understand the dynamics of social media users’ interactions on cryptocurrencies using social set analysis (SSA). The findings reveal that Twitter users are more positive about cryptocurrencies. The analysis also shows an existing relationship between events and the interaction of users, where cryptocurrency-related events shift the emotion, sentiment, and discussion topics of the users. The research-in-progress paper also contributes to demonstrating the effectiveness of the social set analysis framework to analyse and visualize a big social media data.