The cryptocurrency world is once again awash with excitement as the market picks up pace in 2023. After a sluggish performance in 2022 when Bitcoin dropped below $16,000, the price of BTC surged above $30,000 in the first few months of this year. This led to increased optimism among investors and they started actively discussing their favorite cryptocurrency projects to invest in! So which altcoins will be on the rise? Which altcoins are the most talked about on social media? Analysts announced…
Crypto communities are excited for these altcoins: List shared!
cryptocoin.com As we reported, social media platforms are awash with crypto currency discussions, and leading crypto analysts have commented on altcoins that can rise. On the other hand, the attraction on social media can be explained as an important indicator that a cryptocurrency project can work effectively when word of mouth spreads rapidly.
According to analysis by ICO Analytics, Ethereum leads with 12.9 percent of the discussions on Twitter. Among the 22,500 types of cryptocurrencies currently on the market, Ethereum is the most talked about digital currency and its price has risen steadily from $1,500 to $1,900.
Arbitrum (ARB) ranks second with 11.5 percent of all social media discussions within the crypto community. Airdrops and price increases have increased ARB’s visibility on social media. Arbitrum (ARB) has gained 7 percent in the last week. It is currently trading at $1.34.
Solana is in third place with 8.7 percent of the discussions, and its price has risen almost 20 percent since the price of SOL fell last year due to the collapse of the FTX exchange. Instantly, the popular altcoin Solana is trading at $24.54.
On the other hand, USDT ranks fourth with 7.2 percent, while the leading cryptocurrency Bitcoin ranks fifth with 7%. The price of the leading cryptocurrency Bitcoin is instantly traded at $ 30,413.17. The Shiba Inu, on the other hand, ranks sixth with just 4.2 percent of the total mentions on social media. The drop in price is the reason behind the waning hype around SHIB last month. Momentarily, SHIB is trading at $0.00001114.
Interest in the cryptocurrency market is growing! So what’s next?
This increase in interest in cryptocurrencies is a sign that the market is starting to heat up once again. Investors are looking for the best projects to invest in, and social media is proving to be an important platform for discussing and analyzing the values of various cryptocurrencies. As the market continues to evolve and mature, it will be interesting to see how these discussions evolve and which digital currencies will come out on top.
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For the rest of the article, Pay Attention to This List: Here are the Altcoins Exploding on Twitter!