Santiment Reveals the Six Most Popular Altcoins Right Now! Some Altcoins Were Surprising!

Bitcoin (BTC) and altcoins continue to recover amid the ongoing US-Iran conflict. Bitcoin has climbed back above $71,000, while Ethereum ($ETH) has surpassed $2,100.

While altcoins are also seeing significant upward movements, cryptocurrency analytics company Santiment recently revealed the most popular altcoins in the cryptocurrency world.

According to Santiment, investors showed strong interest in altcoins such as Tether ($USDT), $AAVE, Ethereum ($ETH), Solana ($SOL), Ripple ($XRP), and Avalanche ($AVAX).

Tether led the trending cryptocurrencies in the last 24 hours, surprisingly followed by $AAVE, $ETH, $SOL, $XRP, and $AVAX.

The most popular cryptocurrencies in the crypto sector and the reasons why are listed below:

“Tether: Trending due to approximately $50.4 million worth of $USDT being exchanged for around 324 $AAVE on Ethereum. According to the data, a cryptocurrency investor lost approximately $50 million in a transaction where they exchanged interest-bearing aEthUSDT for aEthAAVE via the CoW Protocol.”

$AAVE: Trending due to the exchange of approximately $50.4 million worth of $USDT for around 324 $AAVE on Ethereum. The $AAVE CEO announced a refund of approximately $600,000 in relation to the incident.

Ethereum: Trending due to BlackRock’s staking ETF. BlackRock’s iShares Staked Ethereum Trust (ETHB) began trading on Nasdaq yesterday.

Solana: Reports of intermittent network outages and slow confirmations are trending due to a high-profile NFT launch. Twitter is buzzing about Solana’s growing stablecoin market share and trading volume.

$XRP: It’s trending due to news of Ripple’s share buyback announcement, which increased the company’s valuation to approximately $50 billion, and ongoing Reddit discussions about Ripple financing its operations through $XRP sales.

Avalanche: Trending due to Grayscale’s $AVAX ETF. Grayscale launched Avalanche staking ETF (GAVA), which began trading on Nasdaq and offers institutional investors exposure to $AVAX, combined with on-chain staking rewards.

*This is not investment advice.