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Trending Topics To Drive The Crypto Market For The Time Being

source-logo  coinedition.com 05 August 2023 11:01, UTC

On-chain analytics firm, Santiment, urged traders to keep an eye on trending topics in the cryptocurrency space in a Twitter post shared yesterday. According to the post, hot topics like Curve, Real World Asset Tokenization (RWA), and the post Litecoin (LTC) halving price performance will drive markets up or down heading into the weekend and the new week.

🧐 Keep an eye on polarizing topics like #Curve, #RWA, and the #Litecoin halving price performance as the week comes to an end. These topics, alongside continued exchange and #SEC drama, are what will drive markets up or down for the time being. https://t.co/oQVKP0FGIQ pic.twitter.com/XlQZMFpA4o

— Santiment (@santimentfeed) August 4, 2023

The ongoing SEC drama will also have an impact on what the cryptocurrency market does for the time being. Additionally, the Twitter post also pointed out that words like “nodes”, “Coinbase”, and “HEX” have been trending recently.

Some of the latest news regarding Curve was about the fact that the exploiter responsible for draining $61 million assets held on Curve Finance has returned some of the stolen cryptocurrency. Meanwhile, CoinMarketCap indicated that the Curve DAO Token (CRV) saw its price increase by more than 6% over the past 24 hours of trading.

This left the cryptocurrency trading hands at $0.6127 at press time, which was close to its daily high of $0.6288. CRV’s 24-hour trading volume also saw a jump of more than 28% since yesterday. As a result, its volume stood at $162,409,699.

Despite CRV’s success over the past day. It still had some work to do to flip its weekly performance back into the green zone as it was down by more than 16% over the past seven days. Furthermore, the price of CRV was down 98% from its all-time high of $60.50, which it achieved in August of 2020.

With regards to LTC’’s performance after its halving, data from CoinMarketCap indicated that the altcoin’s price dipped by 0.73% over the past 24 hours. This left it trading at $82.28. Additionally, LTC’s weekly performance was down by more than 9%. LTC was also down 0.71% against BTC.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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