On the 25th (local time), analytics platform Santiment announced that X (formerly Twitter)
Despite Bitcoin dropping below $93,000 via the Ethereum post, traders are still turning their attention to hot altcoins that have gone unnoticed.
According to Santiment, the metaverse-related cryptocurrencies Sandbox (SAND), Stellar (XLM), and Ethereum (ETH) are continuing to be discussed for investment opportunities.
Ream (ETH) is currently the most talked about altcoin among traders, with most discussion surrounding it containing a positive outlook.
Of these, the most popular coin is SAND, and Santiment is a cryptocurrency that is seeing a resurgence in metaverse-related investments.
This has boosted investor confidence in SAND and related tokens, Santiment said. The dashboard summary shows the market’s positive reaction to the metaverse tokens:
The negative sentiment is still strong despite the previous downward trend. The platform said, "Speculation is also active about the reasons for this trend and the associated future of cryptocurrencies.
Meanwhile, XLM has been receiving interest from Korean investors following the political event, with price increases and market analysis leading to discussions on social media.
The third most mentioned token was ETH, with Santiment reporting that Ethereum’s price performance, particularly relative to other cryptocurrencies, was attracting attention.
Users have expressed a positive outlook on Ethereum's potential to outperform among the larger coins, given the current favorable market conditions.
This is even more so when you consider the fact that Santiment’s social tracker analysis methodology is based on a number of social media channels dedicated to cryptocurrency.
(X and Telegram) and tracked the top 10 words that saw the biggest increase in social media mentions over the past two weeks.
2024/11/26 17:57 KST
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