The following heat maps aim to illustrate the frequency of chatter surrounding Bitcoin, Ethereum, IOTA, Ripple, Dash, Litecoin, and Monero. Originally presented in an article on the Inverse Innovation website, these maps were based on software analysis of geotagged Twitter data.

What’s interesting is how each map tells a slightly different story, particularly when it comes to the more obscure digital currencies.

 

BITCOIN

Having touched the $19,000 level, Bitcoin, the first cryptocurrency, is revealing lots of chatter in the US, UK, parts of the EU, and various countries across Southeast Asia.

ETHEREUM

The second runner up in terms of market cap ($43.7 billion at the time of this writing), Ethereum’s chatter map is like that of Bitcoin’s. But notice that the concentration of interest in West Africa is greater than those of the other six digital currencies.

IOTA

An open-source distributed ledger with a specific focus toward Internet of Things (IOT) applications—where machines communicate directly with other machines.

RIPPLE

A transaction protocol for global payments, XRPs are not algorithmically “mined” but are created directly by the Ripple. They have set a 100-billion-coin limit. Most of the coins have yet to be created.

DASH

An open source peer-to-peer cryptocurrency, Dash is striving to become, among other things, the most “user-friendly” cryptocurrency in the world.

LITECOIN

Popularly referred to as the “silver” to Bitcoin’s “gold,” Litecoin’s technology id designed in such a manner as to make its transactions and block rewards faster. They are also working toward developing a “Confidential Transactions” feature, making LTC transactions completely anonymous rather than “pseudonymous.”

MONERO

Another open source cryptocurrency, Monero’s technology is focusing on a differentiated approach to establishing privacy, decentralization, and scalability. Notice how most of the Central America is the digital currency’s chatter “hot spot.”


The risk of loss in the trading of stocks, options, futures, forex, foreign equities, and bonds can be substantial and is not suitable for all investors. Trading on margin or the use of leverage is not suitable for all investors and losses exceeding your initial deposit is possible. Supporting documentation is available upon request. Trading futures, options on futures, and forex involves substantial risk of loss and is not suitable for all investors. Carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources and only risk capital should be used. Opinions, market data, and recommendations are subject to change at any time. The lower the margin used the higher the leverage and therefore increases your risk. Past performance is not necessarily indicative of future results.