The list of the top 19 most discussed altcoins on social media by the investor community was shared by analysts.
19 most discussed altcoins in the world
Cryptocurrency markets remain green for two consecutive days on Monday and Tuesday after Bitcoin hits the $17,000 mark. Solana, Cardano and PolkaDot led the rally in double-digit spikes, causing a change in pace. Overall enthusiasm seems to be returning as markets are on the positive side of the spectrum this week.
Blockchain and cryptocurrency measurement firm ICO Analytics has released data on the top 20 most discussed cryptocurrencies of December 2022.
Ethereum is the most discussed cryptocurrency in the world, with 16.5% mentions by the investor community on social media. Solana ranks second with 12.3%, which is likely due to the dramatic price drop last month.
Bitcoin ranks a distant third with 6.5% mentions and social media dominance has seen a significant drop. BTC barely increased its price in 2022 and investors looked to other cryptocurrencies instead. USDT is in the fourth place, followed by BNB, LUNC and XRP, respectively.
Listed in meme coins
Leading meme coins Shiba Inu and Dogecoin were mentioned by 3% and 2.8% respectively, ranking 8th and 9th. Considering the two meme coins have been in the top 5 for nearly six months, this is a dramatic drop. Both Shiba Inu and Dogecoin failed to live up to their price expectations, causing their social media dominance to fade.
In 2021, Dogecoin and Shiba Inu controlled and led the social media narrative, but in 2022, things took a turn for the worse. If the meme coins don’t deliver in 2023, the mass hype could fade and cause other tokens to become the center of attention.
BUSD, the stablecoin of Binance, took the 10th place. Cardano (ADA) took the 11th place right behind it, followed by Polygon (MATIC) at the 12th place. They are followed by APE, EGLD, USDC, APT, CAKE, ATOM, XTZ, LINK, respectively.
Crypto market turns green
Towards the end of last week, only 9 altcoins out of the top 100 cryptos were trading in the green. But on Monday the story was completely different. At press time, data from CoinMarketCap revealed that 96 of the top 100 assets recorded gains in the 24-hour timeframe. The only exceptions were stablecoins, including GUSD, TUSD, DAI and USDC, which posted negligible declines.
However, top winners like Zilliqa, Cardano and Solana brought investors double-digit gains of around 50%. In fact, Bitcoin and Ethereum also broke their monotonous trend and raised their hurdles to $17.2K and $1.3K respectively.
Thanks to the rallies initiated by many of the top cryptocurrencies, the combined value of all cryptocurrencies in the market has taken back the $850 billion threshold. cryptocoin.com As we mentioned, while there was a 4% increase compared to the previous day, the same reading reached a value of 852.16 billion dollars at the time of writing.
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