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Litecoin, Tron and IOTA: highest sentiment rates on social media


en.cryptonomist.ch 30 March 2021 12:21, UTC
Reading time: ~2 m

Sentifi, a company that generates analytics related to social media mentions of over 50 thousand stocks, cryptocurrencies and indices, today revealed that among the cryptocurrencies that are having the highest sentiment this week are Litecoin (LTC), TRON (TRX) and IOTA (MIOTA).

Litecoin, star of social media

Litecoin has the highest score of 42 points, with TRON in second place and IOTA in third, which has risen over 50% in terms of social media sentiment over the past week.

In the last week, LTC has risen by about 10%, one of the reasons why perhaps social media users have started posting more than usual on the subject. Litecoin is currently worth $166, though still far from its all-time high of $375.

During the last week, the period to which Sentifi’s data refers, there has been no major news on the Litecoin project, although the previous week the blockchain created by Charlie Lee had gone private thanks to the introduction of the MimbleWimble Extension Block (MWEB).

Tron

Last week, Justin Sun, the CEO of the Tron Foundation, made major news as he spent $6 million on an NFT of Beeple.

We have become accustomed to Justin Sun’s marketing initiatives, such as his dinner with Warren Buffett a year ago.

As for TRX, the price has risen by more than 12% in the last seven days.

IOTA

Finally, as far as IOTA is concerned, the project’s roadmap is progressing smoothly and its community is proving to be very strong considering that, thanks to the votes of its supporters, IOTA was listed on Bitfinex Borrow earlier this month.

A few days ago, the team explained on Twitter that the release date for the Chrysalis network upgrade is approaching, as per the roadmap published last January.

The price of MIOTA has not risen in the last week, but has fallen by more than 8%, in contrast to the rest of the sector.


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