Bitcoin reached a new ATH amid rising institutional demand and growing expectations for Fed rate reductions in September. Ethereum and Altcoins are also seeing upward momentum, with ETH approaching ahead of the 2021 ATH.
While the market is growing, Cryptocurrency Analysis Company’s Santiment said in its latest post that investors are showing great interest in Bitcoin (BTC), Ethereum (ETH), Solana (Sol), Monero (XMR), ChainLink (Link) and OKB.
Based on the frequency of social media discussions, the most trending tokens in the cryptocurrency world are:
Bitcoin: It’s trending because it’s heavily discussed. The discussion highlights the recognition of long-term potential despite BTC’s role as a store of value, its market domination, and volatility.
Ethereum: ETH has exceeded $4,700 due to a recent price surge and estimates it will soon reach $5,000.
This trend is driven by market excitement regarding large-scale liquidation, ETF inflows and institutional investments such as BlackRock’s acquisition of Ethereum.
Solana: Sol’s discussion highlights Solana’s liquidity, market capitalization, price action, and aggressive trading. Users will compare Solana with other cryptocurrencies such as Ethereum and Bitcoin, discussing Sol-related ETFs and potential price increases prospects.
OKB: OKB is popular because OKB has implemented a massive token burn, reducing its total supply by around 75% to 21 million tokens.
The burns have resulted in a significant price increase of over 170%, with some exchanges reporting an increase of up to 400%.
Monero: XMR is in the news for reports and discussions surrounding a 51% alleged attack on the Kubik Mining Pool network.
This raises concerns about network security, potential double spending attacks, and transaction censorship. The incident encouraged discussions about Monero’s durability, decentralization, and its role as a major privacy coin in crypto ecosystems.
ChainLink: Links are linked to price targets, market updates, and traditional financial adoption on Twitter. Reddit’s discussion highlights the technical and strategic importance of ChainLink, focusing on its partnerships with financial institutions, Oracle Services, staking, and its role in bringing real-world data into the chain.
*This is not investment advice.
