These 9 Altcoins Exploded On Social Media! – Cryptokoin.com

A new wave of color and excitement is spreading to the cryptocurrency market. Thus, investors and traders are returning to the market and crypto is entering the agenda of social media. According to the report of LunarCrush, altcoin projects preferred by Turkish crypto money investors increased social media activity. The popular meme coin Dogecoin (DOGE) is emerging as the cryptocurrency with the most social interaction.

Meme coin interest continues on social media

cryptocoin.comAs you follow, the tone of green in the crypto money market is becoming more and more evident. The leading crypto Bitcoin (BTC) has come to the door of $ 19 thousand from under $ 17 thousand. Most altcoin projects follow suit. In fact, it outperforms BTC with double-digit gains. As a matter of fact, this color in the market attracts investors again and places them on the agenda of social media. Crypto social intelligence platform LunarCrush has released the latest data comparing the social engagements of top cryptocurrencies. The data shows that Dogecoin (DOGE), the king of meme coins, is the top cryptocurrency with the most social interactions.

The data also comes at a time when social media has drawn attention to other meme coins, including Shiba Inu (SHIB) and Bonk Coin (BONK). However, the Shiba Inu failed to make the top ten list. On the other hand, BONK, which created a new hype, managed to take the seventh place in terms of social interactions. By the way, DOGE was trading at $0.0799 at the time of writing, up 4.08% in the last 24 hours. SHIB, on the other hand, gained 5.43%, thus reaching $0.000009435.

Leading crypto and leading altcoin rank first

Bitcoin ranks first among the best cryptocurrencies in terms of social participation. Next comes the leading altcoin Ethereum (ETH) and an Ethereum competitor Solana (SOL). Binance Coin (BNB), the native token of the world’s largest crypto exchange Binance, follows them. This increase in social engagement can be attributed to the recent rally that showed single-digit gains for all major cryptocurrencies. Bitcoin traded just below the $19,000 level, while Ethereum surged above the $1,400 level.

The latest rally is primarily due to the US CPI figures announced today, which are in line with expectations. However, it is unclear whether the market will reverse the trend once the figures run out, which is a common pattern and correlation between CPI figures and the cryptocurrency market.

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