Affogata tracked around 12,000 conversations on the open web around cryptocurrency usage in Ukraine during the fourth and fifth week of the invasion and found interesting information. Averaging 1,000 mentions a day from all over the open web, many of the comments urged people to donate crypto to the country, as some of those mentions included specific currency addresses. There were also those who feared that the whole crypto donations were a scam, thus choosing to keep away from it all.
Around 3% of mentions discussed the just-published government crypto rules, as some commenters attached the policy notices to their posts. Ukraine is one of the top world countries when it comes to using cryptocurrency, as also noticed by the many commenters discussing its values’ relevance.
Also at the center of attention were crypto and the sanctions bestowed on Russia. Around 4,000 mentions were tracked during the two weeks, peaking on March 25th with the Russian announcement that it would accept payment for oil and gas with bitcoin. Most mentions shared and discussed articles regarding the ways by which the Russian government was trying to circumvent sanctions through crypto. Others talked about the international effort to maintain the effectiveness of the sanctions regardless of cryptocurrency use. Finally, there were commenters who voiced their opinions about the implications of cryptocurrency values.
Affogata’s AI-powered consumer voice platform tracks market trends based on real-time online conversations and feedback from all over the open web. The data tracking and analysis also help comprehend how people react to world events and measure the public’s sentiment and wisdom.