Bitcoin and altcoins have recently reversed their upward trend and started to decline. $BTC has fallen by 5% in the last week, dropping to $77,000, while cryptocurrency analysis company Santiment has revealed the most popular altcoins in the cryptocurrency world in its latest post.
According to Santiment, investors are showing strong interest in Bitcoin ($BTC), Ethereum ($ETH), Cardano ($ADA), Solana ($SOL), USD Coin ($USDC), and $XRP.
Bitcoin led the trending cryptocurrencies in the last 24 hours, surprisingly followed by $ETH, $ADA, $SOL, $USDC, and $XRP.
The most popular cryptocurrencies in the crypto sector and the reasons why are listed below:
“Bitcoin: $BTC is making headlines due to discussions surrounding custody and ETFs (spot $BTC ETFs, BlackRock IBIT), fork updates (SegWit, BCH/BSV) and their impact on custodians, and on-chain/off-chain liquidity pathways (wrappers like Lightning, Thorchain, WBTC).”
Ethereum: It’s making headlines due to large net outflows from US spot $ETH ETFs and reported withdrawals of major executives, along with discussions about short-term $ETH outflows and price weakness.
Cardano: $ADA is making headlines due to its proposed quantum security roadmap and the upcoming v1.1 hard fork/mainchain vote, which are being covered on Telegram, along with discussions on protocol upgrades, governance, and developer funding.
Solana: $SOL is making headlines due to rising, sustained DEX volume and on-chain activity.
$USDC is gaining attention due to its high volume of on-chain activity and practical user guidance. Social media posts focus on using $USDC as a primary medium for swaps, cross-chain deposits, card top-ups, and business payments because of its ample liquidity and generally lower fees compared to some alternatives.
$XRP: It’s gaining attention due to its long-term role in cross-border payments and the growing debate about its potential replacement by stablecoins or alternative platforms.
*This is not investment advice.
Leave a Reply