Interest in Shiba Inu and Dogecoin Registers in This Altcoin!

The cryptocurrency market has seen tremendous growth over the past year. In this growth of meme tokens also has a share.

One of the popular tokens Dogecoin (DOGE) and Shiba Inu (SHIB) led the rise of meme tokens last year.

However, with the general decline in the cryptocurrency market, meme tokens DOGE and SHIBInterest in also waned.

Analyzing which crypto community is active in bear markets in cryptocurrencies, Santiment evaluated the market using its own social volume indicator.

Evaluating the decline in Dogecoin and Shiba Inu along with the general market, Santiment said that Terra Classic could replace DOGE and SHIB.

Native token after the collapse of the Terra network in May Terra (Luna) The price was close to zero. However, the restructured Terra Classic (LUNC) changed to LUNC recorded significant growth.

This growth in LUNC has outstripped popular meme tokens DOGE and SHIB.

Analyzing this situation, Santiment finds that the king’s crown holder in meme tokens in the past. DOGE, SHIB and SAFEMOON’He said he left the throne to LUNC.

“Over the past few months, the crown held by popular meme tokens DOGE, SHIB, and SAFAMOON has been transferred to LUNC.

We continue to see increases in social dominance lead to local peaks, especially for such entities.

LUNA (now LUNC) had a spectacular rise and an even more spectacular fall, literally going to 0.

But now it turns out that the phoenix has risen from the ashes and a whole new wave of speculation is coming to the crypto market.

If we just observe the price and volume patterns, the LUNC currently has the same model as DOGE last year.

Both went up first, followed by a flat consolidation, and then the real madness started.”

📊 throughout the past few months, the #meme crown has been handed off to $DOGE, $SHIB, #SAFEMOONand even $LUNC. We continue to see that social dominance spikes have led to local tops for these kinds of assets in particular. Read our latest insight! https://t.co/GOR16gSAr7 pic.twitter.com/TREwQQRv2p

— Santiment (@santimentfeed) September 12, 2022

A significant rise in a short time Terra Classic (LUNC)continues to trade at $0.00037934 at the time of writing, up 51.7% in the last 7 days, according to data from CoinGecko.